wats the difference between the rich and the ordinary?? This morning article mentioned several differences… i shall highlight 3 of the differences which i strongly feel for it…

1) The wealthy use money to buy time, but the ordinary use time to buy money
in the past, people go over to JB for cheap petrol… however from singapore to JB and back takes abt 1 hr… for the rich, they would be able to make use of this 1 hr to make more money. they would rather fork out few dollars more for that 1 hr of time.

2) The wealthy dont spend time and money unnecessary
branded stuffs are usually more soughted by those middle and high income earners. they want to wear branded because they wan to appear they belonged to the wealthy. the wealthy dont need all these stuffs… people just know it. they spend time wisely, they make value out of their time. to them, time is money..

3) wealthy borrow money from banks, ordinary save money in banks.
currently banks interest rates for saving accounts is less than 0.5 %. this cant even beat the inflation rate we are having now… which means putting $$ in bank = losing money. the wealthy are able to realise this and they place most of their money on appreciating assets which earns them passive income. on top of that, they borrow money from the bank to make even more money out of it…

sounds simple??? not really… one needs to have the endurance, guts and determination to achieve that…