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Added on the 07/08/2018 15:25:45 - Copyright : Wochit
Researcher and author Thomas J. Stanley burst onto the scene with his fascinating book, 'The Millionaire Next Door.' Based on his interviews with and surveys of over 1,000 self-made millionaires, the book delivers a number of pieces of solid advice for building wealth. According to Business Insider, the first task is to learn how to save and live frugally. Only when you have those habits ingrained should you turn to investing. Next, learn to base your investments on increased earnings. In other words, keep your lifestyle the same, and invest more and more of your remaining income. Third, save and invest to be financially secure, which is quite doable. Don't do it to be rich and lead a lavish lifestyle, which is precarious and unlikely to succeed. Multimillionaire W.W. Allan told Stanley that oftentimes, building wealth with the wrong motivations puts it out of reach. If your goal is to become financially secure, you'll likely attain it. If your motive is to make money to spend money on the good life, you're never going to make it. W. W. Allan, multimillionaire Finally, model your habits to your children so they can build wealth and financial security for themselves--not depend on you for it!
Most people want to financially support their children and grandchildren at some point in their lives, but tax rules are complex and change if money is passed down before or after death. In this video we discuss the factors that determine when your money should be handed over
Once a newborn arrives, savings accounts are probably the last thing sleep deprived parents will be thinking of, but it’s important to know what your options are when it comes to managing money for your children. In this video, we take a look at some of the best kids' savings accounts and junior Isas available today
Parents wait to collect their children from a school in the French town of Souffelweyersheim, in the east of France, after an assailant wounded two girls aged six and 11 in a knife attack near the premises. The man was later arrested. The girls' wounds are not deemed serious. IMAGES (VIDI34PP789_EN)
In Vantaa, north of the Finnish capital Helsinki, people pay their respects outside the school where a 12-year-old child opened fire the previous day, killing one classmate and seriously injuring two others, before being arrested. IMAGES
Three days after the discovery of the remains of a toddler in France who had been missing since July, police experts are resuming their search around the hamlet of Haut-Vernet in southern France to recover the child's other remains and shed light on the circumstances of his death. IMAGES
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