Top 10 Distinctions Between Millionaires and the Middle Class #2
September 24th, 2008 by Liz Fuller
Today’s post is the second in my series exploring Keith Cameron Smith’s book
Distinction 2:
Millionaires focus on increasing their networth.
The middle class focuses on increasing its paychecks.
This is a very common point that I find among entrepreneurs - and people in general. WE focus a great deal on how much money we are earning on a monthly basis. While this is important, it ties us to continuing to earn that much on a regular basis. As long as our focus is on our earnings - we are dependent on our earnings.
The real power, and the ultimate goal, lies in financial independence - In other words, having enough net worth so as to be able to live independent of a regular paycheck.
This may sound far-fetched to some, but it is a real and obtainable goal, especially for entrepreneurs.
What financial goals do you have? Are they to earn more? Or to have your financial net worth more?
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This entry was posted on Wednesday, September 24th, 2008 at 7:58 am and is filed under finances. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
