Sermon Tone Analysis

exodus 15:22-26

Money Secrets That Wealthy, Successful People Know

4. Understand Value Over Cost

Follow these secrets and change your approach to money.By Gabrielle Olya April 25, 2018

4. Understand Value Over Cost

Justin J. Kumar, a senior portfolio manager at Arlington Capital Management, said, “The wealthy person has three best friends: her attorney, her accountant and her advisor.

The wealthy tend to use the law and tax code to their advantage when figuring out how to maximize their wealth, especially over multiple generations, and they are not afraid to spend money up front for counsel to get these answers.”

8. Have a Saving Strategy

Everyone knows that saving money is an essential part of being rich, but saving is sometimes easier said than done.

While the average person might put aside money here and there, wealthy people decide on a fixed amount they will save from every paycheck and put it directly into a savings or retirement account.

“Take a percentage of what you earn, no matter how little you earn or how much you earn,” said Tony Robbins, life and business strategist and author of the book “Unshakeable: Your Financial Freedom Playbook” in an interview with GOBankingRates.

“A percentage of that has to be set aside that you’re going to keep for you and your family … When you get a 15, 20 percent savings rate and you put it in a place where it’s compounding, you’re going to be financially free.”