Russ Alan Prince, author of The Middle-Class Millionaire, has been trying to understand the “working rich”. Prince defines them as those with net worths between $1 million and $10 million, but who still work for a living. After talking to 586 such families, he thinks 9 most important factors are:
- Rich people work longer. Rich people work an average of 70 hours a week and they are "always" available via email or phone
- Rich people network more. They tend to know 60% more people then average.
- Rich people take significantly more risks. Almost 90% admitted of making a big business or career decision with bad outcome. On average they made 3 such mistakes.
- Rich people dont work for salary. Over 80% own a good percentage of the businesses they work for.
- Rich people follow the money. 74% think that following money is more important for the career.
- Rich people can be ruthless. More than half say taking advantage of others' weakness is an important ingredient for success.
1 comments:
Seems either you mistakenly missd three traits or mentioned it as "he thinks 9 most important factors are:" by mistake...
Whatever it might be...the mentioned ones seems relevant though..
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