What You Can Learn from Wealthy Investors

What You Can Learn from Wealthy Investors


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What You Can Learn from Wealthy Investors
By:
02 Dec 2016
Business

Though there may be differences in incomes between the haves and not-quite-haves—including how much each can afford to squirrel away each month—the basic goal remains the same: Maximize your earnings.

Known in financial circles as "high-net-worth clients," these folks really are no different than the rest of us, though they typically are defined as having a net worth of at least $1 million.

How did they get to, and stay, where they are? Here are some common traits of high-net-worth clients:
 

They are very good savers—in fact, robust savers.

They don't fall into the trap of "keeping up with the Joneses" in today's high-consumption economy. This isn't easy to do, but it's absolutely key if you want to build and keep wealth, and not fritter it away. "Budget" is sometimes seen as a negative word, but spending plans are something that can be used advantageously, no matter what your net worth is.


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Rahul Raj

Rahul Raj

This lazy StoryTeller forgot to write something about itself.


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