In order to achieve and maintain financial success, it’s essential to understand the financial habits of successful people. Earn to Invest, Don’t Earn to Spend-Wealthy people understand that their money is better off saved or invested to make more money, and increase their net worth. Have a Plan and Work the Plan-Self-made millionaires don’t become wealthy by accident. They are driven to become rich and formulate a plan to get them there over a lifetime of investing and accumulating wealth. Earn More Money- Wealthy people are constantly seeking ways to produce additional income streams in order to put more money to work for them. Understand Their Finances-Wealthy people are aware of their personal income statements, and know how much cash flow they have coming in and how much is going out. Risk Takers-Measured risk is a must in order to increase your net worth. Without taking some chances, your money never has an opportunity to grow. Patience -Self-made millionaires understand the power of compound interest, and that consistent investments and savings will be rewarded. Great Team of Support - Wealthy people who stay wealthy surround themselves with financial and legal advisors that are the best in their field. They don’t go at it alone. Involvement-While self-made millionaires seek advice of their trusted advisers, they listen intently, do their homework and ultimately make the decisions. See: http://www.walterdavisglobalbroadcasting.com/2016/10/the-nine-fundamental-rules-of-financial.html
