Millionaire Traits

Do you share these “Millionaire” traits?

(My favourite is number 7)

In Thomas Stanley and William Danko's book "The Millionaire Next
Door" – they revealed that most millionaires really could be the
folks next door. They don't drive a new car every year or jet
around the world. In fact, sometimes they're the least likely
person you would suspect.

Here are 7 commonalities that most millionaires share. How do you
shape up with these characteristics?

1. They live below their means. 
Half of the millionaires
interviewed did not live in high-status neighborhoods. Instead,
they lived in average neighborhoods in average houses. That's how
they were able to sa~ve money. The other half that did live in
high-status neighborhoods only moved there after they had become
wealthy.

2. They lead frugal lifestyles.
 Most do not b~uy $5,000 suits,
expensive boats or even new cars. You might say they're tightwads.
They sh~op for bargains and always negotiate for a better deal.

3. They're self-employed or own their own businesses. 
They
also love their work -- they connect with their jobs and feel very
passionate about them.

4. They plan and study investments. 
The majority of
millionaires invest heavily and sp~end a large amount of their
time studying their investments or seeking advice from financial
advisors.

5. They weren't always at the top of their class. 
Another
surprising commonality among the millionaires interviewed was that
they didn't all have advanced degrees or graduate at the top of
their classes. Some didn't even go to university and a few didn't
even finish high school.

6. They're self-made. The majority of millionaires received
no family money and do not plan to give their own children a lot
of money. They want their children to succeed the same way they
did -- on their own.

7. They’ve failed more than most. They above all others are
not afraid to have a go and keep trying against all odds.

Don’t think you have to fail before you succeed. It’s not a
pre-requisite. I understand the importance of turning failures
into valuable lessons, the “never-give-up” attitude is honourable
but with the right advice and guidance – you can stack the odds
heavily in your favour and be successful WITHOUT
leaving a trail of disaster behind you.

"People who never try, never fail,
or perhaps their whole life is a failure."

A close friend of mine asked about the million dollars,
and I answered that people like you and me are more into
helping our families and communities than accumulating
paper.