SUCCESS

The first secret of the truly rich is that they are never afraid to fail. Most at one point had a choice to either stick to an easy, secure route or take a calculated risk. To reach the truly heights of wealth, some risk is needed. If you look for security in a job or are scared to try something different, you won't get far in the pursuit of true wealth.

The second secret of the truly rich is that they look creatively at problems to find new revenue sources. Look at problems from different angles and go against the grain. Always think critically when analyzing any problems.

The third secret of the truly rich is to marry well. I don't mean find a rich heir or heiress to wed, though that might not hurt. Rather, most of the truly rich, especially the self-made ones, have a good spouse who is critical to their success.

Many of the rich had been through long patches of poverty. They rented rather than bought their homes or took out triple mortgages to get cash flow for their start-ups. Some spent years working out of the garages or working double jobs to pursue their passions. Some made it big but then lost it all before bouncing back again. Make sure you find someone who believes in you and is willing to accept the hardship it takes to get to the top.


Shaun Rein is the founder and managing director of the China Market Research Group, a strategic market intelligence firm.


 

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