A great article.
Do You Have What It Takes to Become Filthy Rich? | munKNEE dot.com
Having money isn't all about whether or not you know how to score screaming bargains. It has more to do with your attitude toward money. Many millionaires, in fact, have frugal ways and understanding how personal traits can influence your finances is an essential ingredient for building wealth.
Do you have the 10 key traits to become rich let alone very, very rich?
So says Jeffery Strain (Stock Market - Business News, Market Data, Stock Analysis - TheStreet) in an article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has further edited ([ ]), abridged (?) and reformatted below for the sake of clarity and brevity to ensure a fast and easy read. The author's views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Patience is one of the most important traits when it comes to saving money.
When you're satisfied, there is no reason to spend money on non-essentials.
Being organized can make you more productive and ensure that all the many issues pertaining to personal finances are addressed.
You need the discipline to continue to save money for specific, long-term goals every month.
It's important to be able to look at your financial decisions and reflect on their results.
The economy and our earnings don't always match our expectations
Unexpected developments wreak havoc to elaborate financial plans. When this happens, changes are needed to deal with the new circumstances. Creativity is essential to accomplish this.
Having curiosity helps you learn, study and improve yourself.
To build wealth, one needs to be willing to take risks. This doesn't mean uncalculated risk
The importance of setting and working toward goals is obvious.
1. Hard- and Smart-Working
Creating wealth and staying out of debt rarely comes about without a lot of hard work.