How To Get Wealthy

There Is Only One Way

There is a lot of jealousy worldwide over the wealthy.
How do they get there. Well, there is no way anyone gets
wealthy off government support (except politicians and
crooks- especially in socialist, fascist, and communist
countries and even here in the US). It is great that here in
America we have the ability to help those in need through
government and charitable support. Our poor live better
than the poor anywhere else in the world, all one has to do
is travel a lot outside the US and it is easy to see.

Our IRS reports that poverty is around 12-14% of our
population depending on economic conditions which affect
job and income growth. But this is based on reported
income on tax forms. Transfer funds from government
(actually from taxpayers through government) like welfare,
SNAP, free or subsidized rent, free healthcare, free
childcare, and free whatever do not appear on tax forms.
When these transfers are figured into the equation the US
poverty rate drops to about 2%, mainly people with mental
health and/or drug dependency issues (who truly need
help but was as a country decided decades ago to stop
treating those in need.)

The only true way to wealth is through the ownership
society. It is simple and a major part of our free enterprise
society. Ownership does not just mean owning a business,
it includes owning cash, savings, homes, investments,
other assets and/or businesses.

Wealth is built through the appreciation of assets,
investment returns which grow even faster through
compound earnings, building equity in a business can
become a significant source of wealth, and owning stocks
and bonds through retirement accounts which grow tax
free and, again, growing faster through compounding.

Yes, it takes hard work, education, discipline,
determination, planning, and the ability to handle risk.
In life there is one key fact – No Risk – No Return.