Rich kids as young as 16 years are increasingly featuring in the business news as successful entrepreneurs. What income secrets do they employ to help them earn money? What so called rich kids plan do they follow to get such astonishing results? This article reveals some of their income secrets as well as principles they employ to grow their income.
The secrets rich kids use to multiply their income are not new. A plan similar to the rich kids plan has been used by millionaires throughout the ages to earn money and grow their income. The income secrets are so simple that anyone can use them and get the same results. Buffet, Soros and the many wealthy people scattered around the world and islands of the sea use the same secrets.
The rich kids plan follows one principle: when you earn money do not spend everything, save as much as possible and invest your savings in profitable undertakings. Take Oliver, a student aged 18 years. He saved $16,000 from his earns of $5,000 per month and bought an investment property through a mortgage company.
Oliver used his savings to raise the required down payment for the mortgage and is now collecting rent every month. Oliver was able to save 90% of his salary by eating at home and living on a strict budget. Oliver uses this income secret to earn money that is unbelievable for a person of his age and has featured in the business news.
The second secret is to believe that your plans will succeed. Yes you can, to borrow a leaf from Obama, President of the United States. Take Scott aged 16, a student who owns a DJ mobile business. His parents still take him to school but he is already employing part time employees in his business. Scott says that you should not believe what everybody says. Just set your own goals and go for them. Setting goals and having the faith that you can reach them is another secret of the rich kids plan.
The third secret in the rich kids plan is being consistent. To earn money you need to be consistent in your plans. Jumping from one plan to another is not a sure way to get rich but a sure way to fail. Rich kids who people rave about in the business news have learnt early on in life to forge an income, save, invest and watch their income grow.
Rich kids look for a positive cash flow from their investments. Somehow they have figured out the income secrets behind the rich kids plan. They use the secrets to earn money and grow their income, and their stories are featured in the business news.