Frank Wealth

  Many people perceive being wealthy as having nice houses and a pleasure yacht. But the kind of money that the wealthiest 1% of the world's households has dwarfs this concept. This segment of the population large portions of major corporations, multibillion-dollar investment funds, islands in the Caribbean, and even rocket ships taking them into outer space. The average net worth of the 1%, aka the richest 1% of the global population's households, has mushroomed over the past two decades. It now towers higher above the net worth of the average citizen than ever before. Here are some of the basic facts about how the 1% lives. KEY TAKEAWAYS The minimum net worth of the top 1% is roughly $11.1 million. A person would need to earn an average of $823,763 per year in order to join the top 1%. The widening gaps in wealth and income stem from a variety of factors, including the wealthiest's increasing dominance of public and private equity, and tax breaks. Demographic Breakdown Be...

  The ultra-wealthy, known as ultra-high-net-worth individuals (UHNWIs), make up a group of people who have net worths of at least $30 million. The net worth of these individuals consists of shares in private and public companies, real estate, and personal investments, such as art, airplanes, and cars. When people with lower net worths look at these UHNWIs, many of them believe that the key to becoming ultra wealthy lies in some secret investment strategy. However, this isn't usually the case. Instead, UHNWIs understand the basics of having their money work for them and know how to take calculated risks. KEY TAKEAWAYS Ultra-high-net-worth individuals often understand the importance of savings, the basics of investing, and how to take calculated risks. Concentrating portfolios with investments only from the U.S. and the EU is an example of an approach that overlooks potential opportunities elsewhere, such as the emerging markets. UHNWIs do not try to keep up with their neighbors or ...

Being financially secure before you reach 30 may seem out of reach for many people in their 20s, but it's possible. Working toward financial security need not be an exercise in self-deprivation, though many people assume it to be. Attaining this goal even has some immediate benefits given that financial insecurity can be a serious source of stress. The following are 10 steps to consider to achieve financial security before you turn 30. KEY TAKEAWAYS Knowing how much you spend can keep spending in check. Live within your means, don’t use credit to fund a lifestyle, and set short-term achievable financial goals. Become financially literate and save what you can for retirement. Take calculated risks, such as moving to a city with more job opportunities or taking on a new job that pays less but has more upside potential. Invest in yourself by continually upgrading your skills and knowledge. Strike a balance—working toward financial security doesn’t mean you need to deprive yourself.  1...

  How can you earn more money? You’d think a question this simple would have a simple answer. Yet experts’ attempts to explain the nuances of earning — whether disguised as personal finance, business management, or the importance of education — could fill a file server. You could read all the articles, watch all the how-to videos, listen to all the podcasts, and even attend the right business school, but still not know the best ways to make money. Why is it all so complicated? I have an idea: It’s because only you are qualified to answer the question of how you can make more money. Think about it: Just like our relationships, our time, our food preferences, and even our financial choices are personal. What works for me may not work for you. Likewise, I might not survive a day doing something you’d excel at. And while education, knowledge, and experience matter a lot, they are only the ingredients. You have to get into the kitchen to cook up your own recipe for financial success and...

Elon Musk, a man constantly making waves at the forefront of innovation. Driven by his boundless curiosity, the key trait he utilised to establish industry-leading companies like SpaceX, Tesla, PayPal and many more within a scant few years. So what is the secret behind Elon’s genius? You may have wondered how this man can seem so smart, well here are 6 steps you can take to follow his way of thought. 1. Open up to new perspectives Many think that specialising and becoming an expert in a particular field is the way to success and the forefront of development, Elon Musk begs to differ. Rather than becoming an expert in a single field, Elon Musk is an ‘expert generalist’ with deep knowledge in multiple fields of different disciplines. Here are some of the things you should do to be as knowledgeable as him: Look for a subject that interests you and don’t be afraid of the difficulty in learning it Challenge the established status quo. Look for new opportunities rather than ones people are a...

  Twitter is a key part of any social media marketing campaign. However, you don’t have to have a blog in order to make money through Twitter. There are several ways that you can make money through the social network without trying to sell your own products or services. Twitter is a powerful platform unto itself, not just a conduit for marketing another site. You can create a Twitter account around a profitable niche — making money online, online education, or motherhood, for example — and amass a large number of followers interested in that niche. Then you can tweet links to interesting content from around the web, offering your followers something of value without ever having to create content yourself. So how do you make money? The same way you do on a blog: Selling advertising, sponsored links, and affiliate marketing. Here are a few programs that can help you make money on Twitter: Tip: To make money on Twitter, you would also need an efficient way to publish, schedule, monito...

At first I was going to call this article, “10 Tips for a Productive Work Day.” But the more I thought about it the more I felt like productivity isn’t just about work. I like having a productive weekend or night at home too. (But, of course, I love a good vacation day spent doing NOTHING as well!) I would really like to have a productive life, but it’s sometimes a bit of a struggle. Here are ten tips that help me stay on track. 1. Make a to-do list.  I am absolutely lost without a to-do list! I (try) to write out a list every morning just before I begin the day. I’ve also found that if I’m feeling overly anxious about a big project at work or looming deadline I sometimes make my to-do list the night before. This makes me feel like I’m getting a jump start on the day. 2. Give yourself small rewards for completing big tasks.  I don’t know about you, but I am all about rewards. It might be something as little as, “Once I finish getting through all my emails I’ll go make my after...

There are some doubts as to Pinterest’s money generating capabilities, however, making money with this social media is quite possible nowadays. So, it’s time to change your mind about this platform, as it is not just a photo-sharing network. It can become your personal promotion board. One of the most common ways to make money on Pinterest is through an affiliate program with brands. It may seem to beginners that this is a difficult task, but everything is very simple and you will discover the best tips and strategies next. Why you need to stop your choice on Pinterest Pinterest is a modern visual search engine that is used to make purchasing decisions. The number of users has reached 335 million per month. Most of the users of this site are female, and they use this platform to make decisions about diet, dress, interior design, and where to go to rest. Such a platform becomes an attractive place for affiliate marketing. Everyone knows what an affiliate program is and that it takes a ...

Earning money has generally been linked with and limited to traditional ‘offline’ routes. With the Internet advancing and being a major part of our daily lives, the majority of individuals are searching for methods to earn money online in order to augment their finances. This turns into secondary or passive income that can facilitate them to manage their expenses. If you are looking to earn passive income through an online source, then the forex market arena is a possible method to get profits. So how can you earn online? Forex is a lucrative market with a net worth of approximately $2 quadrillion. It is also a highly liquid market, however, you will need to know the right techniques and strategies to be profitable in this market. Understand the Market Prior to executing profitable strategies and putting plans in motion, it is essential that you completely understand the market and the possible risks involved in trading forex. This trading technique is mainly done online, allowing a t...

Have you ever asked yourself, “how can I become rich?” Everyone has dreams about winning the lottery and how to become rich overnight. People want to get rich. Just do a search on Google Books and you can see that it’s been a rising trend since the 90s. Many people are looking for ways to get their first 100K, or ways to invest for a better retirement. Some are trying to succeed as entrepreneurs. People want to have enough money to buy beautiful homes, powerful cars, and great vacations. But not many know how to become rich. How do you become rich? Being rich is more than about the dollar amount. Being rich is a state of mind. In a sense, you could be rich but still poor, and vice versa. You can define “rich” in different ways. There are a lot of people who simply consider it as having a lot of money. For them, rich is equivalent to a being a millionaire. But rich can also be psychological richness. It is an achievement of being able to live without the worry of money. You don’t necess...

As the normalization of remote work continues, you can take advantage of a range of ways to make money from home. From selling items online to starting a podcast to offering your services as a virtual assistant, there are lots of opportunities to earn an income without leaving the house. If you’re seeking a more traditional job format but still want to work from home, you’re in luck. Remote job postings—which doubled for some online recruitment sites during the pandemic—continue to rise. Regarding the remote positions available, tech jobs are among the most prevalent, but work-from-home opportunities have also risen in therapy, finance, and law.1 Where to begin when searching for remote work? “I’d encourage the job seeker to start by reflecting on their interests and career goals,” Indeed Senior Career Coach Jamie Birt told The Balance in an email. Next, Birt recommended taking into account the jobs that are commonly performed remotely, such as copywriting, graphic design, and software...

Marketing tools are the great push for a small business. Nowadays there are plenty of impressive top digital marketing tools for small businesses. With marketing pertaining to everything from SEO to social media to PPC, you can’t do it alone. Fortunately, there are plenty of impressive top digital marketing tools you can use to help create a more effective solution for your small business. If you work for a small business,  it’s particularly imperative you find tools to help you manage the wide scope of your marketing demands. Google Analytics Want to comprehensively track your website performance? Google analytics allows you to analyze in-depth details about the visitors on your website, where they came from, the pages they spent the most times viewing as well as other details on your website performance. These data if properly utilized would help you plan better strategies for your marketing campaigns. Google Data Studio and Google Sheets is part of the Google An...