The 90/10 rule to become rich.

For a person with a $20,000 a year investment plan, to join the 90/10 club, you're better off creating assets instead of buying assets. Then use the money generated by the asset to buy other assets. A very important skill in becoming rich is to develop the ability to say 'no' to yourself and the people you love. You must also be educated & experienced on how to handle cash including excessive money. If you want to be rich, you must have a plan on how to make a lot of money and what to do with it. The average person uses their expenses column to become poor. That is one of the biggest and most important reasons why some people get rich and others become poor. If you want to become rich and stay rich, you must have control of your expenses.

Oddly, the rich use expenses to get richer e.g. through bank loans to build businesses & buy assets but the average person uses their expenses to become poorer. And even as you get rich, its always good to give back to the society e.g. through charities or foundations. The 90/10 rule has changed, the internet has changed what it costs to join the 10%. A good internet business can thus get you richer, quicker and even at the fraction of the cost of starting a company. In conclusion, don't be average. Regardless if you invest to be secure, comfortable, or rich, have a plan for each level. In the information age with faster changes, fewer guarantees, and more opportunities, your financial education and investor knowledge is vitally important.