Saturday, May 03, 2008

Five Habits of Millionaires


According to a study of college students at the Ernst & Young International Intern Leadership Conference in Orlando, Florida, 59 percent of these young leaders expect to be millionaires within their lifetime. What's more, 5 percent of them expect to hit the million-dollar mark while in their 20s.

And the super-rich are a growing group. The top 0.1 percent of the population's average income was $3 million in 2002, up two and a half times the $1.2 million, adjusted for inflation, that group reported in 1980.

They are:

1. Avoid the Earn-to-Spend Mentality
2. Focus
3. Do Whatever Is Necessary to Meet Your Goal
4. Take Calculated Risks
5. Be Generous

See full Article.