Wealth is a process , not a Luck syndrome.

Many in Financial World know that wealth is created through a process, it has nothing to do with luck, Although a little luck is always welcome, but really speaking many people who have created wealth are not LUCKY. They have used the process called investment with Residual Income.

Everyone has expenses even though many have incomes their expenses stretch more when their incomes grows more. Its not what you earn that creates wealth its what you invest that creates wealth.

Big part of investment is creating residual income or invest with residual income. What is residual income, its that income which is left after your expenses are met. Yes income is money left out after expenses + savings ( 10% of income).

Residual income is what makes the investment live longer. Suppose you are buying home , then your down payment must be income that you DONT need for your regular expenses.

Building of residual income comes when you have control of how much your income should grow up or control of how much your expenses to come down. By visualizing your expenses you can easily cut down on trivial expenses and thereby create "residual income".