What’s Your Bow & Arrow?

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There are essentially four types of millionaires:

  1. Savers/Investors
  2. Senior Executives at Large Publicly-Held Corporations
  3. Virtuosos
  4. Dreamers/Entrepreneurs

Everyone who wants to be wealthy, needs a bow and arrow.

Your particular bow and arrow, however, really depends on which type of millionaire you want to be.

For the Savers/investors, their bow and arrow is keeping their expenses low. This enables them to save 20% or more of their income, which they then prudently invest over many years.

For Senior Executives, their bow and arrow is building powerful relationships with others within their company and industry.

For Virtuosos, their bow and arrow is an advanced skill or some advanced knowledge in a specific area or niche.

For Dreamers/Entrepreneurs, their bow and arrow is perpetual learning in order to figure out what works and what doesn’t work.

Choosing the wrong bow and arrow for your particular path is why so many are unable to achieve the success and wealth they desire.

For example, if you are a Dreamer/Entrepreneur, it may be impossible to keep your expenses low. You may need to spend significant amounts or money and perhaps even go into debt in order to fund your dream, so keeping your expenses low, just won’t be possible.

If you are a Senior Executive, specializing in something in order to become a Virtuoso may actually prevent you from rising up the corporate ladder, which requires a broader scope of skills and knowledge.

You must, therefore, first decide on the path you want to take in order to become rich. Then you may choose the right bow and arrow. This dramatically increases your odds in achieving the success and wealth you desire.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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