How to become wealthy?

In life, wealthy individuals often approach and utilize money more wisely and efficiently than the average person. They not only know how to earn money but also how to leverage opportunities and financial strategies to maximize benefits. Below are some stories that vividly illustrate this mindset.

The first story tells of an affluent old man who wanted to travel to Europe for a few weeks. Before leaving, he stopped by a bank in New York and requested a $5,000 loan, using his expensive Rolls-Royce as collateral. After the bank agreed, he took the $5,000 and went on his trip. Upon his return, he repaid the loan plus $15.41 in interest. The bank officer, curious, asked why he did this, and the old man smiled and replied, "Where else in New York can I park my Rolls-Royce safely for a few weeks for just $15.41?" This story illustrates the wisdom of the wealthy in using their assets to maximize benefits.

The second story involves a wealthy woman who wanted to buy an expensive handbag priced at $10,000. Instead of paying the full amount upfront, she inquired about discounts and bought a VIP membership card at the store for $1,000, which gave her a 20% discount on the handbag. As a result, she only had to pay $8,000 for the handbag, saving $1,000 compared to the original price, and she could enjoy other benefits throughout the year thanks to the VIP card. This is how she leveraged discount programs to maximize her purchasing value.

The third story is about a young, successful tech entrepreneur who decided to buy a beachfront villa worth $2 million. Instead of paying the full amount upfront, he took out a $1 million mortgage at a 3% annual interest rate and invested the remaining $1 million in a venture capital fund with an expected return of 10% per year. After one year, the investment yielded $100,000 in returns, while the interest on the mortgage was only $30,000. Thus, he made a net profit of $70,000 after deducting the interest. This story illustrates how the wealthy use financial leverage to maximize returns from investments.

Finally, a renowned billionaire decided to purchase a premium property in downtown worth $5 million. Instead of buying it outright, he proposed a long-term lease at $250,000 per year with an option to buy the property after 10 years at a fixed price of $5 million. After signing the lease, he subleased the apartments and office spaces inside, generating $500,000 annually. After 10 years, he earned a total of $2.5 million from subleasing and exercised his option to buy the property at the fixed price, while its actual value had increased to $8 million. He not only earned profits from subleasing but also gained an immediate $3 million profit by purchasing the property below market value. This story illustrates how the wealthy use contracts and smart financial strategies to maximize profits.

These stories demonstrate that the wealthy not only know how to earn money but also how to use it wisely and efficiently to maximize benefits and value. They continuously seek and capitalize on opportunities, employing intelligent financial strategies to turn every situation to their advantage