The Number One Reason The Rich Get Richer

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A few years ago I was working for a company that was struggling financially. We all knew things were not going well for the company. It was in the transportation sector and the downturn that part of our economy suffered after 9/11 was just enough to push the weak company over the edge.

I had seen the writing on the wall a few months before the end and talked to my wife about looking for another job before it got to that point. We decided to stick it out. We had our reasons.

In the end we all lost our jobs. I was the operations manager so I was literally the last one out the door at 10 PM on that Friday night. The company was to be bought out by a competitor so we were told to come back on Monday and there’d just be a different name sign out front. However I got a call first thing Saturday morning from my boss telling me that negotiations had fallen apart during the night and Monday we’d all be cleaning out our desks.

He later told me that day of making calls was the worst day of his life. I believe it.

All of us who worked there walked out with nothing. We had folks who’d worked for the company 30+ years. Their pensions disappeared over night. It was very bad.

Fortunately for my wife and I we already knew the number one reason the wealthy continue to build their wealth while the rest of the vast masses of mediocrity just barely scrape by pay check to pay check while their credit card debt slowly grows out of hand.

And what is that one thing the wealthy do differently? Read more