In order to achieve and maintain financial success, it’s essential to understand the financial habits of successful people.
Earn to Invest, Don’t Earn to Spend-Wealthy people understand that their money is better off saved or invested to make more money, and increase their net worth.
Have a Plan and Work the Plan-Self-made millionaires don’t become wealthy by accident. They are driven to become rich and formulate a plan to get them there over a lifetime of investing and accumulating wealth.
Earn More Money- Wealthy people are constantly seeking ways to produce additional income streams in order to put more money to work for them.
Understand Their Finances-Wealthy people are aware of their personal income statements, and know how much cash flow they have coming in and how much is going out.
Risk Takers-Measured risk is a must in order to increase your net worth. Without taking some chances, your money never has an opportunity to grow.
Patience -Self-made millionaires understand the power of compound interest, and that consistent investments and savings will be rewarded.
Great Team of Support - Wealthy people who stay wealthy surround themselves with financial and legal advisors that are the best in their field. They don’t go at it alone.
Involvement-While self-made millionaires seek advice of their trusted advisers, they listen intently, do their homework and ultimately make the decisions.