Top 4 Big Myths About the Ultra Wealthy

While it is a fact that the ultra-rich control a disproportionate amount of the world’s wealth, there are common misconceptions about how they accumulated and spend their fortunes.

There are 211,275 ultra high-net-worth (UHNW) individuals in the world who each have net assets of $30 million or more, according to a report by Wealth-X and UBS. These super-rich individuals account for only 0.004% of the world’s adult population but control almost 13% of the world’s wealth. The wealthiest 62 people in the world, meanwhile, have a combined net worth of $1.72 trillion and control 50% of the world’s wealth, according to data compiled by Wealth-X.

Read more: http://www.investopedia.com/articles/managing-wealth/053116/top-4-big-myths-about-ultra-wealthy.asp

The 4 Golden Rules of Millionaire Time Management

There’s really only one life hack you need to sit up and pay attention to when building your business: time management. It’s a ridiculously vital skill, yet many of us are guilty of falling behind. I think entrepreneurs are easy to label with this false image of rolling out of bed whenever they want, scheduling meetings ‘whenever’, as if being your own boss means you’re the boss of time itself.

Read more: https://www.entrepreneur.com/article/272531

10 Practices for Becoming a Self-Made Millionaire

Becoming a self-made millionaire is no easy task. Yet, for the individuals who have accomplished this major feat in the past, the process involves following a few set rules like these or guidelines that have proven to help self-made professionals, no matter what industry they may be in. If you have your sights focused on a life as a self-made millionaire then consider these rules to live by.

Read more: https://www.entrepreneur.com/article/250730

The 3 Steps to Getting Filthy Stinking Rich

Monopoly is over one hundred years old and it was designed to teach the principles of wealth creation. Wealth is created in monopoly in a three step process that correlates to the beginning, middle and end of the market.

Step 1: Build a business to earn income – In monopoly, the earliest phase of the game relies on you generating cash through making profitable trades of land, running profitable railroads/utility companies or potentially running profitable rental properties. In the real world, the fastest and best way to generate cash in the first step to wealth building is through a business. In real estate investing, this can be through flipping properties or wholesaling properties to generate the fastest cash possible.

Read more: http://exclusiveinvestorclub.com/the-3-steps-to-getting-filthy-stinking-rich/

17 Things Rich People Do Differently

“It is not the creation of wealth that is wrong, but the love of money for its own sake.” ~Margaret Thatcher

Although money is an unusual topic for this blog, I believe it’s fitting because allows us to pursue the projects we’re most passionate about while having a greater positive impact on the world. And that’s what The Feel Good Lifestyle is all about!

Read more: http://www.thefeelgoodlifestyle.com/17-things-rich-people-do-differently.html