One way that mega millionaires are different from everyone else is: income composition. When you compare investors with over $5 million in net worth to those with 100,000 to 1 million in net worth, a big difference is percentage of income from investments. Investors with over $5 million receive 43% of their income from investments and 40% from salary. In comparison, the mass affluent receive only 20% of their income from investments and 57% from salary (1).
Your goal should be to increase your investment income.
Ways to do this include:
1. Purchasing stocks
2. Purchasing bonds
3. Starting a small business
4. Getting some stock or bond mutual funds
5. Owning income producing real estate
6. Buying shares in a REIT
7. Acquiring and developing raw land
8. Lending money to others
Happy investing all.