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.