American Wealthy People

When twenty years ago the investigation on how people get wealthy started there were found many odd things. Many of the people who live in upscale neighborhoods and drive luxurious cars do not have extreme wealth. Many people who have great wealth do not even live in upscale neighborhoods. /1./ The real millionaires are financially independent. They can live for years without receiving one month’s pay check. Most of them are not the posterity of rich and famous but more than 80 % of these men are ordinary people who accumulated wealth during one generation.

Seven common denominators among the people who become wealthy:
1. They live well below their means.
2. They allocate their time and money efficiently, in ways conducive to
building wealth.
3. They believe that financial independence is more important than displaying
high social status.
4. Their parents did not provide economic outpatient care.
5. Their adult children are economically self-sufficient.
6. They are proficient in targeting market opportunities.
7. They chose the right occupation. /1./

Many of us have wrong impression of wealth in America. Wealth is not the same as income because the provider of wealth is what you save, not what you spend. …