Don’t ignore for your own good. Part II

in #success6 years ago (edited)

The Secrets Of Wealthy People: Continued from the first part here.

Another secret to the Jews professional and business success is that they believe it is ungodly to be broke and for that reason they are prudently frugal.

This is the skill and discipline to control their spending habits. It is a much needed key to preserving wealth, so your hard earned wealth does not “sprout wings and fly away.”

80764634-7283-4A05-AED4-C643E93E13DD.jpeghere

Money is not wealth, it is a tool of wealth creation. No wonder a whopping 73% of Reformed Jews hold stocks and bonds. The average for the general is public is 27%.

For Jews, wealth is more than the power to buy things; it is power itself.

For Jews, wealth is a good thing and a worthy and respectable goal for which to strive.

For Jews, wealth is a tool for survival.

As Silbiger states :

“Without money, Jews view themselves as ‘naked to their enemies’.”

Take this from me, your fatherly responsibilities as the head of the house for instance, could be your enemies with lack of money.

They believe they are naked to humiliations, insults and disgrace without money. For these reasons, they ensure they keep multiplying money through investing so they don't go broke.

Jews are diehard investors. When these guys run corporations, they spend humongously on capacity building of their workers/team and that's because they understand that human beings are their major capital.

Though these guys have the financial weight to enjoy the good things of life and yes, they do enjoy them, a vast percentage of their money goes into investing.

Take this home, to be wealthy you have to be prudently frugal. Spend more money on activities/ventures that give you more money and that includes personal development not dumb spending.

Stay with me and look out for my subsequent posts as I share with you some more secrets to the wealth of the Jews.

Feel the energy.......@tomilolafadipe

Sort:  

Agreed with you in this with every word

Thank you my friend.

This is really education my friend. Thank you for the great lesson.

Hi there@tomilolafadipe this is a nice thing to know for someone who is seeking financial knowledge like me. I am hungry for this kind of information. Keep it up! You made a great post you earned my upvote and follow.

Hello! I find your post valuable for the wafrica community! Thanks for the great post! @wafrica is now following you! ALWAYs follow @wafrica and use the wafrica tag!

Awesome article, eagerly waiting for the next one

Greetings from Venezuela. I invite you to take a look at my first OpenMic post and support me: D and thanks in advance

STEEMIT OPEN MIC SEMANA 85 - Time in a Bottle by @maycorjerjes18

You got a 2.98% upvote from @postpromoter courtesy of @tomilolafadipe!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70541.68
ETH 3582.21
USDT 1.00
SBD 4.74