Think Like The 1%

We all want to be rich, but what does it take to be amongst the top 1%? What are these people’s attitudes and what is their approach toward money, business and life?

Can we do the same and rise above the 99%? You could always use the homeowner loans at moneysupermarket to purchase your first home and get yourself going; then plan for the next step.

The one thing that many parents want for their children and what they instil in their young minds from an early age is that education is important. Some people don’t think so, but the wealthy always do. Private schooling is high on the priority list of the rich, as is a college education, preferably at a place such as Harvard.

Wealthy people want their children to be exposed to wealth and to the culture and social standing that they are used to. They continually strive for access to influence and power and they want the same for their kids.

It is true that in some instances, the rich prefer a hands-on education for their children, where business acumen rather than education is seen as a sure tool on their way to financial success.

In the ever-increasing competition for jobs in the market place, a university or college degree is a must. We must take all possible measures to make it possible for our children.

There is Always Someone Richer!

Even the rich know someone richer than they are and to fall within the top 1% can mean an annual income of anything from $1 million to billions of dollars in net worth.

It’s all about the perspective. You can consider yourself rich with an income of $500,000 a year while for the next person, it would not be sufficient.

The more money you have, the more essential it becomes to manage that money and that comes with a fee. The wealthy do not shy away from paying the highest fees for the best advice.

Hire the Experts

There is just no way that you will be able to handle complex financial affairs on your own. The rich have a team of professional advisors to help them with financial matters such as tax and other legislation.

While your affairs are simple and straightforward, you can handle it on your own, but financial planners and real estate experts are required once your portfolio becomes diverse. Of course, they ask a high fee for their expertise.

The famously rich face all the human tragedies that ordinary people do. They have deaths, illness or accidents in the family and they are not spared problems with their children, just as in every family.

But they do not have the daily anxiety about money matters that the 99% have. It would be easy for them to pay for the best medical care or to send their children to the best institution for correction.

So, contrary to the common misconception, money alone does not make you happy, but it can certainly pay for ways to alleviate the unhappiness.

Children do not automatically know how to work with money. Often, those who inherit the large sums of money squander it with no regard as to how it was earned in the first place.

For that reason, the rich teach their children about money. They are taught about charities and how to be philanthropic. Sometimes, they inherit at a young age, so they can learn how to deal with money.