The Five Key Attributes of Millionaires

This is how ordinary people can become extraordinarily wealthy... [Shield] AN OXFORD CLUB PUBLICATION [Liberty Through Wealth]( [View in browser]( SPONSORED [Nvidia's Secret Partner... This Is The New AI Chip Powerhouse]( [Chatbot conversation]( I bet you've never heard of it... but this newly public company is set to become key to Nvidia's seat on the AI throne. And for now... you can get in while it's still cheap. [Details Here!]( EDITOR'S NOTE Speaking of how to become a millionaire... investing is a great way to build your nest egg. And my friend Shah Gilani says [this new alternative]( to stocks and crypto could be the best investment in the entire market right now. What's more, it trades for less than $5. [Click here to get all the details.]( - Nicole Labra, Senior Managing Editor THE SHORTEST WAY TO A RICH LIFE [The Five Key Attributes of Millionaires]( [Alexander Green, Chief Investment Strategist, The Oxford Club]( [Alexander Green]( [In my last column,]( I discussed Chris Hogan's book [Everyday Millionaires](. His Ramsey group surveyed and/or interviewed more than 10,000 American millionaires. In the book, he exposes the common myths that Americans hold about how a seven-or eight-figure net worth is created. And he reveals that what you think and what you do are far more important to wealth building than your level of earned income. In truth, it's their mindset about money that sets the rich apart. Hogan points out the Five Key Attributes of millionaires: - They take personal responsibility. - They practice intentionality. - They are goal-oriented. - They are hard workers. - They are consistent. Let's take a closer look at each, starting with personal responsibility. Most folks prefer to blame their financial circumstances on their parents, their spouse, their "ex," their children, their boss, "the breaks," our economic system, even the country itself. Yet here's the reality. You control your choices and behavior. You don't control anyone else's. Whether the problem is joblessness, overspending, a lack of saving, or poor investment decisions, you move closer to a solution the moment you say, "I am responsible." As Hogan puts it, "You can make progress or you can make excuses. You can't make both." The good news? If you are the problem, you are also the solution. The Ramsey group found that 97% of millionaires agree with the statement "I control my own destiny." And 95% of them are willing to quickly admit when they are wrong. That's taking responsibility. SPONSORED [DIVIDENDS: No. 1 Way to Collect Passive Income]( If you want to get rich, passive income is the name of the game. Real estate is risky. "Side hustles" take work. But [dividend stocks are truly 100% passive!]( And while they might sound old-fashioned... They are the single best way to grab MORE INCOME - while you eat, sleep and vacation - month after month. Getting started couldn't be easier! To prove it, I'm giving you the Ultimate Dividend Package (FREE OF CHARGE). [Click here to get it for free.]( Millionaires also practice intentionality. Nobody accidentally ends up retiring with millions in their bank or brokerage account. When they're starting out - and even after they've achieved financial independence - these folks live well within their means. They save regularly. They take prudent risks to earn high returns. And they leave their investments alone, so they keep compounding, rather than springing for that fancy trip or big remodeling job. (If you really want those, you should save for them separately. Don't raid the retirement fund.) Millionaires are goal oriented. Ninety-two percent of them develop a long-term plan for their money, compared to just 60% of the general population. They make financial goals and stick with them. Seventy percent of millionaires save more than 10% of their income throughout their working years. They also tend to pay off their homes. Sixty-seven percent of millionaires live in homes with paid-off mortgages. (That isn't possible if you keep trading up to a bigger house every few years.) Millionaires are also hard workers. This doesn't mean that you need to work 60-hour weeks. It means working smarter, better and more efficiently in the hours you're already on the job. It may also mean upgrading your skill set. The world changes constantly and the most valuable employees adapt to it. Eighty-six percent of millionaires believe that challenging themselves makes them smarter. Ninety-six percent of them are always learning new things, many of them job-related. The more valuable you are to your employer, the greater your earnings potential. That's hardly rocket science. Millionaires are also consistent. They don't make smart financial moves occasionally. They make them a habit. They save regularly. Their contributions to their employer-sponsored retirement plan are deducted automatically. They minimize their financial costs and investment taxes. And when they need financial help, they seek it out. Their sites are firmly set on the long-term goal - financial freedom that will enable them to live the life of their dreams - not the latest bauble. This mindset and these habits allow ordinary people to become extraordinarily wealthy. Perhaps Hogan's most important lesson? If you want to become a millionaire, you need to start acting like one. And - given the amazing power of money compounding - sooner is better than later. Good investing, Alex [Leave a Comment]( [OXF Seven]( BUILD AND PROTECT YOUR WEALTH - [Half-Dozen Billionaires Load Up on Profitable $12 Energy Company (It Pays a Nearly DOUBLE-DIGIT Yield)]( - [How Much You Should Put into Each Trade]( - [Nate Bear, the trader who turned $37k into $2.7 Million in 4 years, just revealed his groundbreaking wealth-building initiative...]( - [Insiders keep scooping up shares of this stock]( JOIN THE CONVERSATION [Facebook]( [Facebook]( [LinkedIn logo]( [LinkedIn]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Liberty%20Through%20Wealth...&body=From%20Liberty%20Through%20Wealth:%0D%0A%0DThis%20is%20how%20ordinary%20people%20can%20become%20extraordinarily%20wealthy...%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Liberty%20Through%20Wealth...&body=From%20Liberty%20Through%20Wealth:%0D%0A%0DThis%20is%20how%20ordinary%20people%20can%20become%20extraordinarily%20wealthy...%0A%0D MORE FROM LIBERTY THROUGH WEALTH [Token Offerings]( [What Could End This Bull Market?]( [Token Offerings]( [Owning (and Profiting From) a Dream Home Overseas]( [Token Offerings]( [How to Become an "Everyday Millionaire"]( [Token Offerings]( [The Most Amazing Business Story of Our Time]( SPONSORED [💥 Commodities Boom: Don't Miss It! 💥]( Join Buddy Pittman and Marc Lichtenfeld at the Commodities Supercycle Summit to learn about the biggest commodities boom of our lifetimes. 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