Many people who have these expensive homes and luxury cars do not have much wealth at all. They may earn a fairly big amount of money, but they spend it all anyway. Then the other thing that is even older than that, many other people who have a great deal of wealth do not live in these same posh areas or even drive these luxury cars. Fewer than half the millionaires I read and studied live in high-rent districts.
What most people do not realize is that wealth is not the same as income. When you make a million dollars a year, and you spend a million dollars a year, you are not wealthy and you are not getting wealthy as well. Wealth is what you accumulate, not what you spend.
Now the simple question, how do you become wealthy then? How do you become a millionaire? With these questions, too many of us seem to get it completely wrong. In the rare cases, it is luck or inheritance or even intelligence that builds these fortunes. Real wealth is more often the inexorable result of a person's hard work, his perseverance and most of all, self-discipline.
Who are the people that tend to get wealthy? It is not the exotic back-stabbers or even the dabblers in high finances we see depicted on TV. No, it is the average person that has a net worth of a million dollars or more, it is usually this businessman who has lived in the same town all his life. This person owns a small factory or a chain of shops or that has a service company. He or she has only been married once, or are still married, and they live in a middle-class area, next to people that have a fraction of their wealth. He is the compulsive saver and investor. He is the wealthy one.
So would you say that millionaires are dull people? Yes, by Hollywood standards maybe they are, but these dull people have something very important and exciting to teach us about money. They want to teach us that attitude is the greatest difference between millionaires and the rest of us that struggle every day to get by. They also teach us that they, the rich, follow certain rules, and here are just some of the most important ones they have to share with us today.
First, we have to live below our means, yes I said below, do not go above what you can afford, rather go below what you can afford. This proves to be true, as most successful accumulators of wealthy send far less than they can afford on houses, cars, holidays and entertainment. Why would this be? It is very simple really, these kinds of expenses offer very little or no return. The wealthy would much rather put their money into investments or their businesses. You see, it is an attitude. As many millionaires would say, a luxury house is a bad investment. The reason for this is why would you pay $500 000 for a house when a $250 000 would suit you just the same. The extra $250 000 you could use to earn interest. They understand that when you buy a luxury house, you buy a luxury lifestyle with that house as well. Your rates automatically skyrocket, along with the cost of services and insurance, and all the prices of nearby facilities such as grocery shops and a lot more tend to be much higher as well. Some of these millionaires actually said that what is worse than a big house, is the flood of problems and responsibilities that come with it. I would say it is best to buy the house you are happy in, because you and your family love it, not because of the price tag it's got.
The real wealthy man's attitude can also be seen in his car. Some of the wealthy people dive old, unpretentious sedans or puck-ups. I have heard some say that they prefer to buy them by the kilogram, the biggest car that they can find, for the least amount of money possible. You really just need to get from one place to the other with it, but still be able to just enjoy the ride.
Start to emphasize on your net worth, and deemphasize on your income. Millionaire's success is measured by their net worth and not their income. Instead of taking their money home, they prefer to plow as much of their money as they can back into their businesses; they share portfolios and other assets. Why do they do this? They do this because any government does not tax you on wealth, you get taxed on income. Therefore the more income you bring home for consumption, the more the government will take from you.
The people who pile up net worth the fastest, tend to put every cent the can into investments, they do not just consume it all. Whіlе of соurѕе, thеу reinvest thеіr earnings frоm investments while watching thеіr nеt wоrth soar, whісh is аn аttіtudе аѕ wеll.
The best wealth-builders рау саrеful аttеntіоn tо thеіr money, аnd they ѕееk professional advice, they сultіvаtе good аdvісе. While those who spend heavily on luxury things like cars, boats, and houses, they tend to skimp on good investment advice. Those who skimp on luxuries are usually more willing to pay top dollar for good legal and sound financial advice. They are also constantly looking for new investment opportunities and possibilities. Most mysteriously, these wealthy accumulators seem to develop some sort of sixth sense for hidden opportunities. Some seem to learn about investment opportunities before they are common knowledge. Then they are shrewd enough to separate the good tips from the bad ones as well.
The self-made rich also develop clear goals for themselves and their money, they develop plans. Whatever it may be that they want, whether it be to retire early or they want to leave an estate to their children, their goals may vary, but two things they all have in common is that they have a figure in mind, and they have an approximate date as to when they want it by, then they work unceasingly towards that goal.
All of us, who are millionaires in the making, should start to develop a plan, regardless of what age we might be. We must decide how much we want to accumulate, and by when we want it. Then we start to work backward to meet our goal. How much should we save yearly to reach our goal?
One thing may surprise you if you make wealth, not just income but wealth your goal, then the luxury house you've been dreaming about might not seem as alluring as before.
Many people know Gary Vaynerchuk because of his unique voice or his high voltage energy. As he likes to put it, some like him and some don’t. That may be debatable, but his passion to sell and make money would never cause an argument.
An immigrant from Russia, Vaynerchuk grew his father’s wine store from $3 million to $60 million in sales when he jumped on a new platform at the time called YouTube. He spent 18 months making videos before he was able to grab the attention of an audience. Determined, he continued to make content. The start of Wine Library TV on YouTube resulted in an enterprise of 600 employees with offices in New York, Los Angeles, London, San Francisco and Tennessee.
Gary is also the owner of VaynerMedia, a social and digital full-service agency that offers creative production which drives results. He started VaynerMedia in 2009. The company has grown from $3 million to $100 million in four years. Vaynerchuk has spoken at many conferences, workshops, podcasts and digital platforms educating and inspiring those who wish to take a step into being an entrepreneur. MillionaireMatch has gathered his most powerful quotes that capture his philosophy on achieving success as an entrepreneur. His three tips are: 1) self-awareness 2) work ethic and 3) gratitude. Vaynerchuk is a huge champion for doing what you are good at and leaving the rest for someone else. He also believes in working hard and working a lot along with showing gratitude.
“I suck at 99% of stuff. I’m a salesman. I’m a storyteller. I understand where consumers are going to go before other people.”
“People need to start breaking the rules.”
“You have to audit who you actually are.”
“Ideas are shit. Execution is the game.”
“I really think that people who think they are entrepreneurs that don’t work 15, 17 hours a day, aren’t.”
“If I don’t do what came naturally to me, there would be much bigger problems.”
“If you have a full-time job, you are not an entrepreneur.”
“I really respect my haters.”
“I failed all my classes and that’s why I’m winning. In hindsight, the fact that I was considered a failure for the first 18 years of my life has become the foundation of my success.”
“Put in the work.”
“You have time.”
“If you are giving more than you are taking, you have leverage for life.”
“I just want the pursuit of building.”
“When you are grateful for what you have instead of worried about what you don’t have, you’ll have a totally different mind-set.”
“If you are grateful, I think it’s a segue to kindness.”
“No matter what you do, your job is to tell your story.”
“The only differentiator in the game is your passion and your hustle.”
Vaynerchuk is the author of three books every entrepreneur should have: Crush It!, Jab, Jab, Jab, Right Hook: How to Tell Your Story in a Noisy Social World and his latest, #AskGaryVee: One Entrepreneur’s Take on Leadership, Social Media, and Self-Awareness. Add these to your summer reading list!
We treat ourselves to the finest cars, the most expensive jewelry, and premium property; so why shouldn't we spoil ourselves on the most delectable of indulgences ... luxury desserts!
No expense has been spared in the creation of these 5 treasures designed for the crème de la crème.
Serendipity 3's Golden Opulence Sundae and Frozen Haute Chocolate
Serendipity 3, located in New York, makes our list with not one, but two of the world's most luxury desserts. For a mere $1,000, you can treat yourself to the exclusive Golden Opulence Sundae. This frozen treat is made with five scoops of Tahitian vanilla bean ice cream infused with Madagascar vanilla and features edible 23-carat gold leaf, Amedei Porcelana and Chuao chocolate, exotic candied fruits from Paris, gold covered dragets, chocolate truffles, and is served with a small bowl of Grand Passion Caviar.
However, if you feel like truly treating yourself, Serendipity 3 also offers a decadent Frozen Haute Chocolate for the price of $25,000. The dessert is rich in both flavor and style, featuring 28 of the finest cocoas the world has to offer along with Le Madeline au Truffle shavings and five grams of edible 23-carat gold and served with a golden spoon decorated with white and chocolate diamonds. As if this wasn't lavish enough, the dessert is served encircled in a beautiful gold bracelet that can be worn home as a reminder of this sumptuous treat.
Fortress Resort's Stilt Fisherman Indulgence
In southern Sri Lanka, lies the luxurious Fortress Resort and Spa. There you can treat yourself to delectable Italian Cassata dessert at the Wine3 restaurant. Presentation is everything.. and for $14,500, you will be delighted with a beautiful cassata (a traditional Sicilian layered sponge cake) served with edible gold leaf, Irish cream, mango, pomegranate, and a champagne-based sabayon. Complimenting this little treasure is a miniature chocolate carving of a of a local stilt fisherman who is accompanied by a stunning 80-carat aquamarine stone.
Lindeth Howe Country House Pudding
No visit to England's Lake District would be complete without a visit to the Lindeth Howe Country House Hotel, where you can delight in the most luxurious $35,000 pudding. Designed to resemble a Faberge egg, this decadent treat is made with the finest chocolates, champagne jelly, caviar, and accentuated with gold leaf and a beautiful 2-carat white diamond.
Three Twins Ice Cream Sundae
Made with glacial ice from the magnificent Mount Kilimanjaro the organic ice cream of Three Twins is a treat in and of itself. Combine that with a first-class trip to Tanzania, a sizable donation to an African environmental non-profit, and a personal cellist performance and you have a luxury dessert adventure. The scrumptious banana split is served drizzled in the syrups of a 1960s vintage port, a Chateau D'Yquem, and a German Trockenbeerenausiese. More than just a dessert, for $60,000 this is an experience!
We are so high on love and relationships, that it is shocking to report that 85 percent of all relationships end up in a breakup and 50 percent of marriages end in divorce, according to author Hellen Chen. We like to think the odds are better than that, but if that is the inevitability then it makes sense to learn how to move on after a breakup.
Life is too short to live in the past and when we hold onto dreams that have fizzled, we are simply prolonging the angst and stages most of us go through when any kind of major changes happen unexpectedly. Losing a mate creates a void, which leaves us feeling a little helpless (sometimes hopeless) and with a feeling of imbalance. After all, that person has been a part of the total picture for a while, sometimes years.
Short of ditching fatal-attraction or angry-monster types, it is difficult to reject another human being. Everyone understands that rejection can feel humiliating, which does a number on one's self esteem and stirs up an entire cacophony of emotions.
How to Move on After a Breakup - 4 Steps
Our relationship experts were given the task of coming up with the best techniques for moving on after a breakup - regardless which side of the situation you are on. Read on to learn the four steps you can take to feel better faster while gaining practical breakup skills.
Step 1. Live With the Void
Too often after a breakup, we look for people, places and things to fill the void so we can "forget". Although that seems like a sound strategy, too often clear choices are not being made. For example, being the rebound person or having an immediate rebound person is never good for much else besides a quick distraction.
Living with the void for just a while, will give you the opportunity to review all aspects of the relationship. What did you like? What didn't you like? Were any compromises you made worth it? Or did you fill the relationship with non-genuine actions just to please him/her? Spending the extra time alone can be difficult, but it will come with epiphanies that will help you head yourself in a direction that will ultimately please you more.
Step 2. Self-improvement
Hopefully you are aware of the mistakes that you made during the relationship and are not focusing solely on where he or she went wrong. It takes two to make a relationship and unless you were bound and gagged, you were a willing partner. So spend a little time and make a list of what can be improved. For example, are you a good listener? Did you actually hear what your partner was saying? Or were you too busy talking or criticizing? Were you supportive? Did you laugh together? What were your common goals? Self-improvement can be self taught, there are online courses, books, seminars and workshops - so why go through another relationship without having the capacity to do it better?
Step 3. Clean Out the Closets
We mean that literally - if you have piles of clothes, papers, magazines, unused anything, just sitting around, now is the time to tackle those cobwebs of your life. Make a list of how you're going to tackle the clean-out and don't stop until you have gone through every last piece of "stuff" that can be tossed or donated. After you're finished, you'll practically feel like you have lost weight. Living a streamlined life is more simple and gives you a feeling of "starting anew", which is self-fulfilling.
Step 4. Get a Makeover
Nothing makes us feel renewed like a new hair style, makeup and a few new outfits, right? Assuming you are in the process (or finished with) of using your newly found spare time to live with the void, tend to self-improvement and streamline your belongings, then it is high time to move onto the next stage. A new appearance. It doesn't have to be drastic, unless you like dramatic. It can be as simple as parting your hair on the other side and adding scarves to your daily signature look. If you're not sure where to start, book a consultation at a top salon or get a group of friends together for a group makeover-fest.
After going through our four-steps you will be ready to go it alone. You will feel different about yourself, honor the past and start inviting different types of people into your life. Get ready for a whole new you!
There are so many Hollywood couples that are together, apart and together again, that it's hard to keep up. We always know the whereabouts of the over-publicized couples like Kim and Kanye, Beyonce and Jay-Z, but we don't see enough of the up and coming celebrity couples who only crop up in the news now and then. So we have identified the top six couples we think are worth watching, as they are the ones who are changing the face of Hollywood.
Amy Adams and partner Darren Le Gallo (cover photo) make an adorable couple. Now that Ms. Adams has made her way to the A-list, it's likely the duo will become a strong force in upcoming project development. Amy has been fortunate to land roles in highly-acclaimed movies and has demonstrated a wide array of talents including singing. Handsome Le Gallo is known of his work in Date Night and The Big Bang Theory and is a strong talent who is on his way up.
More 2015 Celebrity Couples to Watch
The other couples we selected are those that are somewhat new to either their romance, babies or gaining more ground on the Hollywood walk of fame and fortune. Take a look at our picks and see what you
Jennifer Aniston and Justin Theroux
Finally, Jennifer gets another swing at a happy ending in her personal life. Professionally, her career has continued to excel and although she was overlooked for an Oscar nomination for her role in Cake, she is still flying high. After all, she is in love and after two fantastic years, her personal life is soaring to new heights. After a long engagement and disagreements over a prenuptial agreement, it looks like the couple is finally ready to tie the knot, according to reports. Although Justin does not have the Hollywood box-office draw that Brad Pitt does, he is a strong, loyal and talented performer. We see a long and happy future for the couple.
Channing Tatum and Jenna Dewan
Channing Tatum and his lovely wife Jenna Dewan met on the set of Step Up, a dance movie that brought in over $20 million during its first weekend opening. Channing started as a discovered model and parlayed the opportunity until he became one of Hollywood's hottest hunks. After a year of dating and romance, Channing asked Jenna to marry him when they were in Maui (2008). Jenna biggest role, at the moment, is being the mother to their child, after her recurring role of Freya in Witches of East End was cancelled. Recently, Tatum was named "Sexiest Man Alive" by People Magazine (2014) and his hit movie opportunities just keep coming. The couple is headed for great heights in the entertainment business.
Sofia Vergara and Joe Manganiello
Sofia Vergara has become a household name and sex icon. She is funny, gorgeous, sexy and well-loved by the entertainment community. Joe Manganiello is a tall drink of water and definitely fits the level of gorgeous that Vergara's beauty deserves. Together they are perfection personified and they are in love... and now engaged. Manganiello planned a romantic proposal that surprised Sofia when they were on a Hawaiian vacation. Looks like People's 2014 Hottest Bachelor is about ready to lose his title. This couple is absolutely on their way up - thriving careers, love-based marriage and amazing good looks that won't be fading anytime soon.
Emily Blunt and John Krasinski
Who would have guess that Ann Hathaway's hilarious co-star in the Devil Wears Prada, would end up as one of the most sought after actresses in Hollywood? Makes sense that Emily Blunt was called the Best Female Scene-Stealer by Entertainment Weekly that year. Husband, John Krasinski, has starred in numerous movies and television roles, such as The Office, License to Wed, The Holiday and It's Complicated. The couple met in 2008 and were married in 2010 and now have a daughter, who is almost one year old. Both Emily and John's careers are still on the rise, as they continue to become notable for their diverse acting skills. This couple has landed and is here to stay.
Ryan Reynolds and Blake Lively
Who would have thought that Gossip Girl's Blake Lively would nab fan-favorite, Ryan Reynolds? Their careers originally brought them together when they worked together on Green Lantern, but they went their separate ways. Lively was busy flitting and flirting with A-listers, like Leonardo DiCaprio, while Ryan was hobnobbing with the likes of Sandra Bullock while making The Proposal. Before we knew it, the two were dating again after Reynolds split with wife Scarlet Johansson. And now they are the proud parents of a baby girl, named Violet, who was born at the end of 2014. The couple is reported to be deliriously happy and by the looks of it, they are on their way to becoming one of Hollywood's young power couples.