tag:blogger.com,1999:blog-1702158064458024124.post-23357126496120835052008-03-01T02:26:00.000-08:002008-03-19T02:48:40.247-07:00<span class="Apple-style-span" style="border-collapse: collapse; font-family:arial;"><span class="Apple-style-span" style="font-size: small;">Russ Alan Prince, author of </span><a href="http://www.amazon.com/exec/obidos/ASIN/0385519273/jpin" target="_blank" style="color: rgb(0, 0, 204); "><span class="Apple-style-span" style="font-size: small;">The Middle-Class Millionaire</span></a><span class="Apple-style-span" style="font-size: small;">, 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:</span></span><div><ol><li><span class="Apple-style-span" style="font-size: small;">Rich people </span><span class="Apple-style-span" style="font-weight: bold; "><span class="Apple-style-span" style="font-size: small;">work longer</span></span><span class="Apple-style-span" style="font-size: small;">. Rich people work an average of 70 hours a week and they are "always" available via email or phone<br /></span></li><li><span class="Apple-style-span" style="font-size: small;">Rich people </span><span class="Apple-style-span" style="font-weight: bold; "><span class="Apple-style-span" style="font-size: small;">network more. </span><span class="Apple-style-span" style="font-weight: normal; "><span class="Apple-style-span" style="font-size: small;">They tend to know 60% more people then average.</span></span></span><span class="Apple-style-span" style="font-size: small;"><br /></span></li><li><span class="Apple-style-span" style="font-size: small;">Rich people </span><span class="Apple-style-span" style="font-weight: bold; "><span class="Apple-style-span" style="font-size: small;">take significantly more risks</span></span><span class="Apple-style-span" style="font-size: small;">. Almost 90% admitted of making a big business or career decision with bad outcome. On average they made 3 such mistakes.<br /></span></li><li><span class="Apple-style-span" style="font-size: small;">Rich people </span><span class="Apple-style-span" style="font-weight: bold; "><span class="Apple-style-span" style="font-size: small;">dont work for salary</span></span><span class="Apple-style-span" style="font-size: small;">. Over 80% own a good percentage of the businesses they work for.<br /></span></li><li><span class="Apple-style-span" style="font-size: small;">Rich people </span><span class="Apple-style-span" style="font-weight: bold; "><span class="Apple-style-span" style="font-size: small;">follow the money</span></span><span class="Apple-style-span" style="font-size: small;">. 74% think that following money is more important for the career. <br /></span></li><li><span class="Apple-style-span" style="font-size: small;">Rich people can</span><span class="Apple-style-span" style="font-weight: bold; "><span class="Apple-style-span" style="font-size: small;"> be ruthless</span></span><span class="Apple-style-span" style="font-size: small;">. M</span><span class="Apple-style-span" style=" ;font-family:Arial;"><span class="Apple-style-span" style="font-size: small;">ore than half say taking advantage of others' weakness is an important ingredient for success.</span></span></li></ol></div>Tarun Upadhyayhttp://www.blogger.com/profile/12579713795836636167noreply@blogger.com