What are common demoninators of the super-rich?

I want to become wealthy by working smarter not harder.

I came up with 7 things that the super-wealthy do on a regular basis:

Low risk investments
Frugality
Keep cash reserves
Invest in stocks
Invest in bonds
Invest in real estate
They take risks

Can you name anything else?

they take calculated risks on any investments. high or low risks. i am not sure about being frugal though. All i can say is that they practice good money management.

Not all rich people are frugal. That is a misconception.

The common denominator is that the super-rich love what they do... and they do that a lot.

They don't necessarily invest in stocks regularly. That would depend on the market. For example, now isn't the best time to invest in stocks.

See yourself now as you want to be in the future. How much money do you want to have in the bank? Twenty million dollars? Then live every day with the attitude that you have that twenty mil in your account now. Would you feel confident and secure? Would you have more to smile about? Would you want to help others? Live like you have it now. Yes, buy yourself some nice things within your means that will help you to feel it even more strongly without slowing you down too much from getting there.

Well, I can add a couple of things, but first I would re-arrange your list....and START with " invest in real estate"
...and second would be those " bonds" ..some would be " corporate" but most would be tax-free municipal.
Which brings me to one " addition" : They pay armies of accountants and lawyers to defend their money..by avoiding taxes... legally, mind you...better to pay someone to save you on taxes than to give it away to nit-wit politicians ( who will spend it foolishly)
My other addition would be : " inherit" or " pass on" monies earned to family.... take care of your own ( like Daddy took care of you!)
There's more but I'm late for dinner!!!

Tags

　　Business Investment 　　Business financing 　　Business Invest 　　Business Debt 　　Bond Investment 　　Angel Funds 　　Alternative Investment

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