How to spot a poor Millionaire?

2 years ago

Hello and Welcome to Wild Money !
In today’s episode we will be discussing the difference between a poor millionaire on a wealthy millionaire. If you happen to have a business that has high cost and high overhead and you do not know how to manage your numbers you will quickly realize that there’s no cash flow in your business and therefore you will be a poor millionaire because the amount of money that you will make it will not be sufficient to keep the business going . No let’s say that you make the same amount of money in a business that has a lower overhead cost and you keep reinvest in the bigger profit margins into the business in order to double or triple your income that is a true wealthy millionaire! 

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