MILLIONAIRE LIFESTYLE
It takes more than smarts to become a millionaire. The wealthy got that way in part because of their daily habits, which include working out, reading for knowledge, and setting big goals and staying focused, experts on the rich say.
We all imagine millionaires drinking expensive champagne at breakfast, driving expensive cars, shopping at the most prestigious establishments and vacationing in exotic locations.
Researchers have studied the lifestyles of millionaires and come to the conclusion that the majority of them don't live that way at all. Most of the truly wealthy are more substance than flash. That's why they're still millionaires.
Only Fly First Class
Flying first class is the stuff of legend. Good food, leg room, and whatever you need is at your disposal.
For most fliers, these things alone are enough to make them want to fly first class. Getting the VIP treatment at 35,000 feet is a big deal: whether you’re flying for work or vacation, wouldn’t it be nice to actually enjoy your flight?
But ignoring the enjoyment of the flight itself, first class is worth the money because it gives you peace of mind. Want to get work done on the plane without having to pay for Wifi?
How about not having to show up two hours early at the airport? First class lets you go through the TSA faster.
Whatever the case may be, flying first class is also incredibly expensive. But if you live the millionaire lifestyle, we can guarantee you’ll never fly coach again.
Eat And Drink the Finest Things
Part of the millionaire lifestyle is feeling good. And whether you’re a foodie or a liquor snob, you need to eat and drink right.
If you have the money, you can do that with ease.
Millionaires get to eat at restaurants that other people don’t. Take Spain’s Sublimotion, a dining experience that takes advantage of every sense without skimping on unique and creative dining. While the over two-thousand dollar per person price tag may seem like a bit much for the average person, if you’re a millionaire you can do it.
Have Your Perfect Pet
Are you an animal lover? All animals are adorable, but when millionaires are in the market for a new pet they can really find the perfect one.
Take the expensive Savannah Cat. Combining the soft and cuddly nature of a cat with the smart and questioning nature of a dog, you can have the perfect furry friend at your disposal with one of these guys. And just take a look and tell us they aren’t beautiful.
Be Free
Ultimately, this is what the millionaire lifestyle is all about.
Most millionaires don’t need to go to work from nine-to-five. They don’t need to spend their lives focused on the rat race, and they don’t need to suck up to their boss to get that next promotion.
You can go on vacation wherever you want. You can finally own your labor instead of having your labor owned.
NOW READ CAREFULLY!!!
NOW READ CAREFULLY!!!
How To Have The Millionaire Lifestyle
- They lead frugal lifestyles. Most do not buy $5,000 suits, expensive boats or even new cars. You might say they're tightwads. They shop for bargains and always negotiate for a better deal.
- They're self-employed or own their own businesses. They also love their work -- they connect with their jobs and feel very passionate about them.
- They plan and study investments. The majority of millionaires invest heavily and spend a large amount of their time studying their investments or seeking advice from financial advisors.
- They weren't always at the top of their class. Another surprising commonality among the millionaires interviewed was that they didn't all have advanced degrees or graduate at the top of their classes. Some didn't even go to college and a few didn't even finish high school.
- They're self-made. Finally, the majority of millionaires received no family money and do not plan to give their own children a lot of money. They want their children to succeed the same way they did -- on their own.
- Love what you do: It makes it a lot easier to reach seven-figures if you truly enjoy what you do for work. "Those who can marry their highest and best traits to a job that requires those skills are often quite successful," says Elliot Herman, a certified financial planner and partner at PRW Wealth Management in Quincy, Mass. It's an idea endorsed by both Stanley and another expert on what makes the wealthy tick, Tom Corley's "Rich Habits: The Daily Success Habits of Wealthy Individuals." The author, a certified financial planner, spent five years studying 235 wealthy individuals and 128 people in poverty. "Those people who pursue a dream or a main purpose in life are by far the wealthiest and happiest among us. Because they love what they do for a living, they are happy to devote more hours each day driving toward their purpose," Corley writes.Exercise: The wealthy are big fans of working out and make exercise an integral part of their lives. Michael Resnick, a certified financial planner at GCG Financial in Deerfield, Ill., says his clients work hard at staying in shape, some by hitting the gym on the way to work, others by taking part in exercise classes or team sports. On average, millionaires work out 3.5 hours a week, according to the late Tom Stanley, a one-time Georgia State University professor who went on to write "The Millionaire Mind," and other books on what makes the rich successful. "The consistency with which these wealthy individuals have a workout plan and stay with it relates directly to how successful they have become," notes GCG Financial's Resnick.Stay focused: The wealthy are big on goals and keeping track of just where they are in achieving them. Corley writes that 70% of the wealthy chase at least one major goal each year. They also spend time defining their goals, and, once they have a plan, whether for a new business venture or their own investments, they stick with it, pushing to achieve it, notes Melissa Sotudeh, a certified financial planner at Halpern Financial in Rockville, Md. "They are DISCIPLINED," Sotudeh writes. "They can stick to the plan or guidance that is required to reach a goal."Cherish your health: Millionaires on average get at least 7 ½ hours sleep a night and rise early, generally around 6 a.m., according to Stanley. They also don't skip checkups or avoid the dentist. "I see successful clients as paying attention to their health," notes Catherine Valega, a certified financial planner and financial consultant at Rockland Trust, a Boston-area bank. "They get regular exercise, and go to necessary medical checkups on time."Read (a lot): The wealthy don't rely on the TV or Facebook news feeds for their information. The vast majority of the rich surveyed by Corley, 88%, read for at least 30 minutes each day. They read for knowledge and to get an edge on the competition, closely tracking the latest developments in their fields and current events as a whole, as well as reading biographies about successful people, and, in the case of just over half, history as well.Save and invest: Millionaires, and in particular, self-made millionaires, don't fritter away their hard-earned dollars. Rather, they reinvest their money or save it up with the goal of earning more money, Stanley's research found. That means saving or investing at least 20% of what you earn.Say no: One way the wealthy get wealthy is that they know how to say no. They don't get distracted trying to please everyone or embarking on fruitless side ventures. "In my experience, my wealthiest clients have the ability to say no to people or ideas that they do not understand or that may lead them off course," says PRW Wealth Management's Herman.
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