Want to Build Wealth? Break these 8 Rules.

Being “upside down” is usually a negative term when applied to financial matters, but multimillionaire Robert Shemin believes that sort of thinking is … well … upside down.

Shemin, author of “How Come That Idiot’s Rich and I’m Not?” feels there are two positions when it comes to wealth: right side up and broke, or upside down and rich. Shemin prefers upside down. The best way to build and maintain wealth, maintains Shemin — once considered the “least likely to succeed”– is by breaking the rules you think and hear about when building wealth.

Following are eight rules worth breaking — in upside-down order — and what Shemin and other financial gurus have to say about them.

Read more: http://www.bankrate.com/finance/investing/want-to-build-wealth-break-these-8-rules-1.aspx#ixzz3X0uJ2fId
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