5 Secrets Only The Wealthy Knows And The Middle Class Is Unaware Of – According To A Dubai Investor

Have you ever wondered if there are secrets reserved for the rich and powerful that we mere mortals do not know?

We sometimes shrug the thought off because there's nothing much we can do about it…

But deep down, we secretly suspect that this is how the rich get richer and the poor get poorer.

Ali AlShamsi, a financial trader, entrepreneur and investor in the United Arab Emirates, revealed recently some financial secrets that he thinks most people in the middle class don't know:

Rule #1: Don't take loans out to begin with.

Rule #2: Acquire more income sources.

Rule #3: Spend less than you make, and save the rest.

Rule #4: Think about how to invest your savings, not how to spend it.

And the biggest secret:

Rule #5: You don't need too much wealth to enjoy life.

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Warren Buffett's investment method condensed into 5 simple steps.

Get enough money to have financial security and then let your money work for you as investments.

Don't waste your life just accumulating more money.

A rich man makes money with his hands, a richer man has his employees make money for him, and the richest has his money make money for him.

A rich man makes money with his hands, a richer man has his employees make money for him, and the richest has his money make money for him.

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All 5 rules are great wisdom that everyone aspiring for financial freedom should abide to if you want sustainable wealth.

While rule #1 can be a little tricky when we take a loan for a property, it remains true that we need to stay prudent when considering any form of loans.

Ali AlShamsi has noted that many have made the foolish mistake of spending a lot of money to buy property way over their income class.

Now, before you think that Ali AlShamsi is a lucky Arab prince with oil inheritance from his parents, he assures you that he doesn't conform to the usual stereotype and "shit gold and fart diamonds" (as he likes to call it).

He is a big advocate for learning valuable skills and starting businesses to accumulate wealth.

Especially with the new technology and tools available to us with the power of the internet, he thinks that building businesses is one of the easiest way to secure multiple income streams and accumulate wealth.

Ultimately, we need to take ownership of our situation and do whatever it takes to break out of the cycle.

If you want to accumulate wealth, no one is going to give it to you.

You need to earn it.

After all, this is how self-made millionaires set themselves apart.

If you want more in-depth insights about business and success from Ali AlShamsi, check out this interview where he revealed his formula for success and how to grow wealthy:

Source: Quora

About the Author

Tim Wayne is the chief writer at Elite Financial Habits. He understands that the rich didn't grow their wealth using magic; it is simply an intelligent combination of mathematics, psychology and economics.

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