Wednesday, February 13, 2019

Characteristics Needed to Become a Millionaire


 A Woman Who Studied 600 Millionaires Found How Rich You Can Get Boils Down to 6 Things, No Matter Your Age or Salary  Here are the 6 things from the article:

  • 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
Overall, I thought this was a good summary.

For more on The Practice of Personal Finance , check back Wednesdays for a new segment.

This is not financial advice. Please consult a professional advisor.

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