rich-peopleHi All,

One way that mega millionaires are different from everyone else is: income composition.  When you compare investors with over $5 million in net worth to those with 100,000 to 1 million in net worth, a big difference is percentage of income from investments.  Investors with over $5 million receive 43% of their income from investments and 40% from salary.  In comparison, the mass affluent receive only 20% of their income from investments and 57% from salary (1).

Your goal should be to increase your investment income.

Ways to do this include:

1. Purchasing stocks
2. Purchasing bonds
3. Starting a small business
4. Getting some stock or bond mutual funds
5. Owning income producing real estate
6. Buying shares in a REIT
7. Acquiring and developing raw land
8. Lending money to others

Happy investing all.

James

This entry was posted in Blogging, Bonds, Economics, Money Management, Mutual Funds, Real estate, Stocks by James Hendrickson. Bookmark the permalink.

Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

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4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

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