How the Top Rich 400 Made Their Money:

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Maybe a little off-topic – yet, throughout this blog I posted quite frequently tips about entrepreneurship and self-publishing for authors. This morning I found by chance a great article at Inc.com that shows IRS data – and why it does not pay to be employed.

How the top 400 made their money:

Wages and salaries: 8.6%
Interest: 6.6%
Dividends: 13%
Partnerships and corporations: 19.9%
Capital gains: 45.8%
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Obvious conclusions:

• Working for a salary won’t make you rich!!!
• Neither will making only safe “income” investments.
• Neither will investing only in large companies.
• Owning a business or businesses, whether in part or partnership, could not only build a solid wealth foundation but could someday…
• Generate a huge financial windfall.

Clearly, getting rich–in monetary terms–is the result of investing in yourself and others, taking risks, doing a lot of small things right… and then doing one big thing really, really right. And hopefully achieving other goals along the way–because then, even if you don’t get rich, you’ll still be wealthy.

Read the whole article:  http://www.inc.com/jeff-haden/how-the-rich-got-rich.html?nav=pop

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