Home » Commentary » The rich aren’t so bad after all

The rich aren’t so bad after all

Most of us have that stereotype in our head that rich people are more like Montgomery Burns from The Simpson while it’s not true.  The source is an article posted in the Financial Post that talks about the stereotype of a survey that was conducted.

We all know someone who is a millionaire.  If you own real estate in Toronto and have an investment property, you probably have a portfolio worth a million dollars.

The question is how do you get there.  The road isn’t that hard but it’s one of persistent effort over the long haul.

Canadian are getting married later, having less children and we spent over 18 billion dollars in Alcohol sales in 2010.  We should have more money to invest yet we have staggering debt loads.  How are you spending your hard earned money?  Is it working for you or are you working for your money?

Those who pay attention and invest smart with their first home, then use the equity built or save to purchase their second home can create systems to help them achieve their goals.

In conclusion, millionaires aren’t mythical, rude creatures that live far away from us.  They are the average Joe and Jane we pass on the sidewalk and people we work with.  I believe that anyone who can buy a house in Canada can be a Millionaire!

What do you think?  Would love your comments and creative responses in the section below…

Source: The rich aren’t so bad after all.

Check Also

Happy Holidays from our family to yours

I wanted to take a quick moment and wish you all happy holidays and the …

2 comments

  1. bieng house poor isn’t a millionaire.

  2. The point was that we spent a lot of money on booze last year… How much would your portfolio be worth if you spent that money on other investment?

Say something here