Characteristics of Wealth

Want to start living like a millionaire? According to research by Doctors Thomas Stanley and William Danko, most millionaires:

* Live well below their means.

* Have a plan for building wealth - they allocate time, energy and money efficiently in ways conducive to building wealth.

* Believe that financial independence is more important than displaying high social status (they don’t have to flaunt their money).

* Did not receive economic help from their parents (even if they got into fiscal trouble in their early years).

* Have adult children who are economically self-sufficient.

SOURCE: http://money.cnn.com/2004/08/10/pt/millionaire/net_worth_stackup/

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