Do you live below your means?
Do you allocate your time, energy and money efficiently?
Do you believe financial independence is more important than flaunting a social status?
Do you purchase used vehicles in cash?
If you have adult children, are they financially independent?
Do you love your career?
The above traits* are the way most millionaires in this country live. If you want a certain lifestyle, you need to be friends with people who already have that lifestyle or aspire to have that same lifestyle. So do those traits describe your friends? Or are you busy trying to outdo each other with the most recent luxury vehicle you just financed (or even worse leased)? The designer purse with it’s logo splattered all over it? If you want to be rich, you need to do what rich people do and that starts with living a debt free life. The celebrities and athletes you see “living the high life” account for only 1% of the millionaires in the U.S.
And by the way, the average millionaire in this country did not receive an inheritance or trust fund, 80% of the millionaires in our country are first generation. Being wealthy doesn’t happen overnight. If it did, wouldn’t we all be wealthy? It requires hard work. Again, otherwise wouldn’t we all be wealthy? It’s time to stop dreaming and start doing.
*The Millionaire Next Door by Thomas J. Stanley, William D. Danko
(photo by yomanimus)