These gals would appear to be tapping "Sugar Daddy" for their wealth.
Posted on 02/07/2019 8:40:47 AM PST by simpson96
Anyone can become rich if they know the right steps to take.
But if you possess a certain set of characteristics, you may be more likely to become wealthy, according to Sarah Stanley Fallaw, director of research for the Affluent Market Institute. She co-authored “The Next Millionaire Next Door: Enduring Strategies for Building Wealth,” in which she surveyed more than 600 millionaires in America.
To identify characteristics most predictive of net worth, Stanley Fallaw conducted two studies that included a group of individuals with a net worth ranging from $100,000 to $1 million and a group of high- and ultra-high-net-worth individuals.
She found that six behaviors, which she called “wealth factors,” are related to net worth potential, regardless of age or income: •Frugality, or a commitment to saving, spending less, and sticking to a budget •Confidence in financial management, investing, and household leadership •Responsibility, which involves accepting your role in financial outcomes and believing that luck plays little role •Planning, or setting goals for your financial future •Focus on seeing tasks through to their completion without being distracted •Social indifference, or not succumbing to social pressure to buy the latest thing
Frugality came up several times during Stanley Fallaw’s research—many of the millionaires she interviewed stressed the freedom that comes with spending below their means. Being frugal was one of three key ways they achieved financial independence.
It also takes confidence to invest properly — instead of making investing decisions with your emotions, you should leave your investments alone and focus on a long-term investment plan, certified financial planner Shelly-Ann Eweka previously wrote for Business Insider.
But you can’t invest — or manage your own money — without accepting responsibility for the outcomes.
“[Millionaires] don’t count on anyone else to make them rich, and they don’t blame anyone else if
(Excerpt) Read more at finance.yahoo.com ...
•Confidence in financial management, investing, and household leadership
•Responsibility, which involves accepting your role in financial outcomes and believing that luck plays little role
•Planning, or setting goals for your financial future
•Focus on seeing tasks through to their completion without being distracted
•Social indifference, or not succumbing to social pressure to buy the latest thing
Are these studies from the 1970's?
Did she interview 600 politicians with 1/2 being House & Senate members?
Item #1: Have a large amount of cash at your disposal.
(Sorry, couldn’t resist it!)
All good advice...
•Frugality, or a commitment to saving, spending less, and sticking to a budget
•Confidence in financial management, investing, and household leadership
•Responsibility, which involves accepting your role in financial outcomes and believing that luck plays little role
•Planning, or setting goals for your financial future
•Focus on seeing tasks through to their completion without being distracted
•Social indifference, or not succumbing to social pressure to buy the latest thing
In other words, conservatives.
Having rich parents helps.
Did the woman become rich?
All good advice which can be heard from just about anyone who has ever worked as a financial adviser. But it is more of a recipe for becoming financially comfortable, not rich in the current financial environment.
Other than those who inherited their wealth, I suspect most of these people had “real jobs” at some point in their careers before becoming independent.
Be interesting to see how many of these millionaires were gas station attendants vs how many had six figure salaries prior.
One thing that irks me about these articles is that, it doesn’t really matter how frugal you are - if you’re making minimum wage, you aren’t becoming a millionaire unless you win the lottery. They make it sound like “anyone can be a millionaire” by adopting a few sound habits, but I suspect that’s not the case.
These gals would appear to be tapping "Sugar Daddy" for their wealth.
Having assets valued at $1 million more than your liabilities does not make you what is considered “rich” these days. It might just mean that you have a crappy house in a neighborhood that has appreciated a lot.
I started with nothing. ZERO. I am worth a hundred times that now.
If you marry one of those girls you probably won’t be rich for long.
6? No, it’s just ONE WEIRD TRICK! (Click here)
How to make a million: Start with two million.
bkmk
Indeed, anyone who owns a middle-class home in America’s top 10 most expensive cities almost automatically now qualifies as a “millionaire.”
America’s fiat, printed-money Federal Reserve monetary regime will soon make us all “millionaires” just like Venezuelans are now.
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