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6 behaviors may indicate you are more likely to become wealthy, according to Sarah Stanley Fallaw, co-author of “The Next Millionaire Next Door: Enduring Strategies for Building Wealth.” She surveyed more than 600 millionaires in America and found 6 “wealth factors” that are related to net worth potential, regardless of age or income:
1. Frugality, or a commitment to saving, spending less, and sticking to a budget. 2. Confidence in financial management, investing, and household leadership. 3. Responsibility, which involves accepting your role in financial outcomes and believing that luck plays little role. 4. Planning, or setting goals for your financial future. 5. Focus on seeing tasks through to their completion without being distracted. 6. Social indifference, or not succumbing to social pressure to buy the latest thing.
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