JiPuo

Thursday, May 01, 2008

Why People Become Poor/Rich

Why people become poor
1. Lawsuits
2. Divorce

Other Reasons: D.I.V.E.
D - (Natural) Disasters e.g. House on Fire
I - Illnesses: Cancer, Strokes, Osteoporosis, Paralysis, Diabetes, Kidney Failure requiring dialysis etc.
V - Vices: Gambling (including speculating in 'Investments', Women
E - Eat, Drink and be Merry attitude without sufficient inflow of funds.

Therefore, buy insurance.

How to be Rich
3 ways:
a. Inherit wealth
b. Marry rich
c. The worst way:Do-It-Yourself

3 ways to Do-It-Yourself
1. Business
2. High-Income Job
3. Investments
in Stocks, Commodities Futures, Forex, Properties etc

Otherwise, one would be like a hamster climbing a rolling ladder,
only making enough to eat, live, and pay the doctor when you're old.