“The number one reason most people don’t get what they want is that they don’t know what they want. Rich people are totally clear that they want wealth.” — T. Harv Eker

What do you want?

I mean… what do you really want?

The ability to travel the world whenever you’d like?

Or maybe you dream of having enough money to contribute to your favorite charity in a big way. Perhaps even starting your own philanthropic organization.

Yesterday we talked about the secrets of the rich.

And if there’s one thing we’ve also noticed about the wealthy, it is this: their accumulation of wealth was very intentional and required specific habits to reach their goals.

Here are four more traits the rich have:

Getting the right counsel

It is said the wealthy person has three best friends: her attorney, her accountant, and her advisor. They’re not afraid to spend money upfront for counsel to get the right answers.

Dine out less

People concerned with saving money will skip the daily latte. The rich enjoy small splurges whenever they want but also look at the bigger picture of building their savings.

Own a business

According to Forbes, nearly all of the 1,426 people on its list of billionaires made their fortunes through a business they or a family member had a hand in creating.

Use other people’s money

“It takes money to make money” might sound like a tired cliché, but for the rich, it’s a golden rule. The key is leveraging other people’s money to increase your own wealth. Relying on other people’s money to do the heavy lifting greatly increases the return.

When it comes to “heavy lifting,” Money & Clarity gets it done. We will be happy to share with you some of the most effective ways to increase your wealth for the future.

Call us today at 513-563-PLAN (7526) or book online to schedule your complimentary portfolio review.

Tomorrow I’ll share the story of my friend’s washing machine and the lesson he learned from it. It’s a good lesson!

Regards,
Nikki Earley, CFP® & Dan Cuprill, CFP®

PS:  To learn the steps you can take to protect and even capitalize on recent investment volatility in light of COVID-19, check out my webinar.