Rich know how to accumulate great wealth

How the rich can accumulate great wealth in their life. What do they have to get rich in the know? Some people have made an in-depth discussion, and the emergence of the reform and opening up of the "wealthy" made a survey, came to a conclusion: One-third of them by inheritance, one-third by entrepreneurial accumulation of wealth, the other one-third is to rely on wealth management. and a comprehensive survey of the people, the birth of a wealthy home after all is a minority, and the whole society can be a success rate of entrepreneurship is only 33%. Therefore, proper financial management is the best way to get rich.

Suppose there is a penniless 20-year-old who, from now on, can save 14,000 yuan a year, which lasts for 40 years, and he spends his savings every year on investment and an average annual investment yield of 20%, then 60 years old, He can accumulate 102.81 million of dollars of wealth, this is a lot of people can not imagine the number of billionaires is so simple to produce, it is incredible. At present, saving is still the traditional way of financial management, as interest rates are repeatedly lowered, the deposit of money into the bank, although safe, but in the long run is the worst way to finance, because this way the annual yield is too low, especially the former central bank cut interest rate, in the current situation of inflation, bank savings become "negative interest rate", It is more inappropriate to co-operate long-term investment management methods.

Founded in 1896, the Nobel Prize was donated by the Nobel Prize of $9.8 million. In order to avoid the risk of fund management, the Nobel Fund Management Committee concluded that the Fund's investment scope should be limited to safe and fixed-income projects, so that the early Nobel funds were basically saved or bought Treasuries and other conservative way of financial management. With annual bonuses and fund operations spending, more than 50 years later, by 1953, the foundation's assets were only $3.3 million. Seeing that the fund's assets will be depleted, fund managers awaken in time to realise the importance of return on wealth, then make a breakthrough decision, change the fund management charter, and invest the fund mainly in equities and real estate. The change in the concept of financial management has completely reversed the fund's decline, and by 1993 the total assets of the Nobel fund had risen to $270 million.

Investment and financial management in fact there is no complicated skills, the most important is the concept of investment, the right to win. But from another point of view, investment and financial management is a very difficult thing, it is difficult, not because of the need for advanced learning, but financial managers must often do something contrary to the general public, this is not easy for most people, which led to the majority of people and millionaires.

Faced with today's increasingly diversified financial means, you must use a keen eye to find the most worthy of investment channels, and can not only stare at a way to run. For example, in the early stage of real estate at the bottom of the purchase of real estate, B shares in the continuous innovation and low timely intervention, there is a certain period of time to obtain the great profits. In fact, buying stocks is not a headache, as long as the stock market downturn and the volume of the extreme shrinkage insisted on "casually buy and buy at any time" to diversify the investment risk, through long-term shareholding "do not sell" principle, relying on time to accumulate wealth, the billionaire everyone can be also.