This is a dramatic disparity, and this economic inequality has hardly gone unnoticed. If you're a worker who would like to increase your pay, it's important to know that earned income is generally decided by nine factors: - Your educational attainment
- Your chosen profession and specialization
- Your years of experience
- Your hours worked
- Your work ethic
- Your social skills
- Your competence and proficiency in your job
- Your ability to cooperate with, inspire and lead your co-workers
- Your ambition to rise in the organization.
If you want to earn more, the choice is clear: Make yourself indispensable to someone. Beyond income inequality, there is also another form of economic disparity in this country. Some households have a much higher net worth than others. There is a significant wealth gap. A prosperity mindset can help close that too. It starts by understanding that wealth accumulation for most people is based on six primary factors: - Your ability to maximize your income
- Your propensity to save
- Your appetite for risk
- Your willingness and ability to let your money compound
- The investment costs you absorb
- The taxes you pay.
These factors are under your control. Investment success is mainly about knowledge and personal accountability. To turn things around in your financial life, you need only say three words: I am responsible. This is not a burden, incidentally. It's a privilege and an honor to take ownership of your actions. It creates freedom and control. It gives meaning to your life. Self-reliance is the great source of personal power. We create ourselves, shape our identity and determine the course of our lives by what we are willing to take responsibility for. Take an important step by adopting a prosperity mindset. Realize that most high net worth individuals optimized their education and marketable skills, maximized their incomes, lived within their means, saved regularly, invested smartly, and let their money compound over a time, often decades. This is how ordinary Americans become millionaires. They didn't inherit it. They weren't just lucky. They had a plan. They stuck to it. And they reaped the rewards. With time and discipline, you can too. Good investing, Alex P.S. I expand on this idea in much more detail in my newly updated book, The Gone Fishin' Portfolio. You can grab a copy on Amazon here. | 
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