subject: How To Get Wealthy After Age 50 [print this page] How To Get Wealthy After Age 50 How To Get Wealthy After Age 50
By the time you approach the age of 50 you begin to reflect back on life and ask "What if". This is a great time for that reflection but this is really the time to look to the future and ask "What if".
Age 50 is that point in life when you have experience a lot of what to expect. Now is when you can take that experience and gain wealth from it. If you have ever said: "If I had just known that, I could have been successful at that." Well you do know that now and you still have plenty of time in life to go make those changes.
Rich can only be defined one way. Have a lot of money. But having a lot of money only allows you to buy things and when that money is gone, and it will be, you are broke again.
Wealth can be defined in a lot of ways. Being wealthy is a lifestyle. Wealthy means that you don't have to spend every moment worry about how you are going to have money to grow old with. You can go to the beach today because you in control of your life. Your money works for you not you for your money. Wealthy people don't have to have a certain amount of money in the bank, they merely have to have enough money coming in every day.
Imagine that you had $100 a day coming in whether you worked or not. Would you be rich? No!! Why you would ask. If your monthly expenditures was $6000 you would be going broke. What if your monthly expenditures were $2000 and you had that same $100 a day coming in for the rest of your life? Yes then you could be wealthy and still not rich.
Thirty years ago true wealth was normally not attainable by the vast majority of people in the world. Building an income that worked for you was nearly impossible. That is why people bought real estate and expected it to be worth more than what they paid for it. We now know that is not true.
Today you don't have to invest a million dollars into a business and inventory to be able to earn an above average living. Today you can own a business that sells shoes online and you never hold a piece of inventory in your hand. And next month you find out that the best inventory to be selling is books. Imagine how hard it would be to change from a shoe store to a book store in the brick and mortar world. It would never work.
Use to you would have to leverage the time and energy of employees. And I will vouch for the fact that having 475 employees who want 5 minutes of your day will never work out. Today you can leverage over 11 billion computers and the internet and only give up minutes of your day.
Whatever life has in store for you from this day on, ask yourself "What if" and then live that from now on. Look to the future and not forget the past. Get wealthy from the things that life has given you. Build a future in which your experience pays for your future.
What has life taught you? Share it with us and we will all leverage from your life's lessons. Please comment here or on our blog.
