1. Live in expensive homes and drive luxury cars Do not actually have much wealth
Many people who
Have a great deal of wealth Do not even live in upscale neighborhoods
Behavior reflecting economy in the use of resources Webster's dictionary
Not the same as income
Lavish spending Wealth is
Lifestyle marked by Wasteful Opposite of frugal What you accumulate, not what you spend
Hyper-consumption
Most people Have it all wrong about wealth in America
To build wealth for the future
Needs to reduce his spending Average American adult Make a good income each year
Way perceive this as a threat to his way of life
If you You are not getting wealthier
1. Were your parents very frugal? Spend it all
Affluent People You are just living high
2. Are you frugal? Tend to answer "yes" to
Lifestyle of hard work
3. Is your spouse more frugal than you are?
Perseverance
I can't get my wife to spend any money! Self-made millionaire statement Result of
Planning
Will never become wealthy in one generation
Self-discipline
If they are married to people who are wasteful Most people
Discipline
Wealth
One of its members is a hyperconsumer A couple cannot accumulate wealth if
Building wealth takes Sacrifice
Choice in foods
The Millionaire Next Door - Wealth Hard work
Beverages - Thomas Stanley
Do you really want to become financially independent?
Suits Some people judge others by their
Are you and your family willing to reorient your lifestyle
Ask yourself
Watches to achieve this goal?
Cars Many will likely conclude they are not
The Illusion Of Wealth
Have excellent tastes in consumer goods Superior people Time
That denote superiority Energy
It is easier to purchase products
Than to be actually superior in economic achievement If you are willing to make the necessary trade-offs of Consumption habits
Often has a predictable outcome Building wealth
Pursuit of looking superior Allocating time and money in You can begin
Inferior economic achievement Achieving financial independence
Your age X your realized pretax annual household
Determine Your Wealth
income from all sources except inheritances / by 10
Ivan Staroversky - www.StarOverSky.com