Alexander Kintis over at Beating Addiction was kind enough to point me to a very good article written by Liz Pulliam Weston a columnist for MSN. In the article she writes about 5 lessons we can all learn from millionaires and the wealthy. These lesson truly are powerful. I especially like number 4 because most of the people I come across who are in debt seem to have huge car payments. I have seen people who have a mortgage of $800.00 and a car payments of $1000.00. Really makes no sense. Like Dave Ramsey says “Sell the Car”.
1. They give away more.
2. They are much more likely to own businesses.
3. They borrow strategically.
4. They don’t blow a lot of money on cars. (Folks pay attention here)
5. They’re almost always homeowners, and many own investment property, too
Read the rest of the article right here.
Regards
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