Monthly archive - November 2012

Rich Invest On Cash flow, Amateurs Invest on Net Worth

Posted on Nov 6, 2012 in Articles, Investment Strategy by 4 Comments

Years ago before the passing of my late multi-millionaire grandfather, I have had the fortune of frequent conversations and debate on investment and wealth with him. Although I missed him after his passing, his simple teachings had taught me many vital lessons on wealth.

Me: “Do you know your Net-Worth and how much are you worth today?”

Grandfather: “I don’t know and I don’t care.”

Me: “I don’t understand.  Why don’t you care and want to know your Net Worth? Isn’t that what defines you and makes you so rich today? ”