10 reasons wealthy people have all the money

I went to tescos the other day and i usually find the best bargains are to be found in the freezer compartments.Why pay £2.50 for a ordinary pizza in the fridges when you can find them for £1 frozen and they are just as good. The biggest saving i have been making over the past 2 years or so is car sharing the journey to work with a work collegue we take it in turns to drive the 150 miles in total per week. I recon i have saved £480 each year on fuel not to forget the ware and tare on the vehicles.I used to have a mercedes E class it was a moneypit so i sold it and bought a new car for just under £9k.so far its been painless to own And being smaller easy to park. My dad used to know a bloke next door.He used to work for Rover in the 70s He was told to put loads of money into his pension when he retired he had a pittance to live on.I have a pension but look upon it mostly for tax relief .I feel for those people who have lost loads due to a divorce.Im 35 and single and have realised its just not worth the risk I dont earn much the thought of losing half of everything is frightening! Take it easy people!!

The Rich Dad book that I first read was called, "Retire Young, Retire Rich" by Robert T Kiyosaki. The book doesn't actually tell you how to do something (this is the case with most inspirational books), but explains what is possible to. For example, he talks about using a business or investments to give yourself a monthly cashflow that is sufficient enough for you to live comfortably on. Once this is achieved, you can effectively retire. It doesn't tell you how to do it - it tells you what you can do and it's down to you to find the vehicle to do it - mainly by getting the right education and network to minimise the risks and so become successful. A good example is; most people have a pension, which we all know will not be sufficient to retire on comfortably, unless you put more money into it, which most people cannot do. Furthermore, investment companies will tell you that the stock market is performing badly (going down) and so there is a shortfall in your pension pot (predicted amount), so you will need to invest more. Did you know that money can be made on the stock market when the stocks goes up, down or sideways? Investment companies know and do this with YOUR money, yet they only give you profits when it goes up. With this knowledge, I invested in learning how to stock trade and I now do it from home (1.5 hrs per day) and make a living out of it (out of the rat race) and also invest in my own retirement adding into the pot no matter which direction the stock market goes. I would advise anyone who is open minded and wants to know how to become more financially independant to read the book.

I somewhat disagree with the idea of saving too much, here is why: Mainly advice for a man. I worked so very hard for 12 years and saved, invested in property and was able to afford a good lifestyle maintained by my working. I also put huge amount of time into building work myself and increasing the value of my home. However I got married in 1997 to a Dutch woman, who came into the relationship with nothing and despite being a doctor refused to work when the children arrived. We had 4 boys together, she abducted them in 2005. In the UK it is very lucrative for a mother to abduct her children abroad as she forms the legal Status Quo of being the sole carer or the children whilst they are with her, she can put them into school and build up a strong case. The CPS will drop all charges upon any reurn under international child abduction charges. Basically I got the kids back, only to find that the mother has a right in law to be given the children to remove abroad permenantly. The reason I aml saying all of this is because having money and property was a great incentive for her and English law rewards and encourages destruction of the family as it is big business. The solicitors charged well over £100 per hour and racked up hundreds of hours seemedly doing nothing and writing letters back and forward. The mother was rewarded with the 4 children and the children sentenced to live in the Netherlands. The mother was rewarded also with 80% of the assets, being as a rule of thumb 50% plus up to 30% for 3 or more children. I had to pay so much money out that I went from cash rich to debt ridden practically over night. I had £36,000 in savings in my account - I now have 5 debts totalling £86,000. I owned 4 properties with only one having a mortgage of £55,000, but now own 2 properties with a combined mortgage of £362,000. It now costs me £500 per month to drive the nearly 1000 mile trip and take ferries and cost of hotels just to get access to see my children for 24 hours and have them for one night. I work more now than ever, I have little prospect of catching up with my debt. I rent one property out as it gives me a profit but then I get hit by the renting allowance margin that the government has not raised in the last 15 years despite property and rental prices increasing. I cannot afford a new car, quite agree a newer car would save money and worries as the one I have is constantly going wrong especially with the huge amount of driving I now have to do to see my children. Their have been times, many of them where I have been running with near blad tyres, running on thin air it would seem in the petrol tank. All in all I look back on those days when I was shrewd and saved and worked hard with optimism and feel bitterness towards a system that not only destroyed my family but took what I worked so hard for and rewarded my ex wife for what she did. So my advice is this: 1) If you are a man, wishing to get married - yes save a bit for rainy days, but not too much to give an incentive. 2) Enjoy yourself and have good holidays, for you may not get to have them tomorrow 3) Invest in property sure, but make sure its well mortgaged so that their is little financial incentive for a judge to force its sell, also so that the profit is only slight when you let it out against the cost of the mortgage so that you dont get hit by the low renters allowance or by capital gains taxation. Take the mortgage money and either spend it on things like holidays etc... or hide it well away... 4) Get your partner to pay you rent money into your bank account and keep a rent book to prove it, otherwise you will be seen as a partner and subject to paying money out on any split. So make sure that your partner pays her way - it is only fair. Don't be soft and fall for being the provider as this builds complacency. Remember 2 out of 3 marriages fail in the UK for a good reason - incentive... 5) Be careful with pensions, the judges access them and divide them up like candy. 6) Remember that the real investment is children - they are your future, invest your time and love into them - not into money and working too long hours. Almost no success no matter how great can make up for failure in the home. 7) Never get a joint account where the main money goes - have your owh personal account and keep it private. I made this mistake and when my ex left she reduced this large float of cash to a huge overdraft for me to pick the tab up on. The bank chases the one who remains here. 8) Remember that owning your own home has lots of disadvantages: It may cost slightly less in the long run, but - debts can be registered against it freely by judges. When you own a home, you cannot claim housing benefit if you are without work, they will not pay equal of housing benefit against mortage interest. If you have dispute with wife and children are involved, you will be out on your ear and made to pay for the house you are not allowed near, kept for the mother and children (non molostation orders - guilty without chance to prove innocence supposdely to protect the mother and children against you at any hint of your being violent from the mother) The costs of buying and selling are very high and usually not worth it, even more so when you are forced to (stamp duty is unbelievable - you pay the higher stamp duty on the whole lot, not just the bracket apportionment) Remember your home is never really yours when you have a mortgage. Best wishes for you all in Great Britain, I certainly wont be saving like I used to, not in this country.