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Keys to Financial Freedom
Part 2: Building Wealth

Last month we covered financial defense: how to avoid debt and protect your credit rating. This week we look at the financial offense, how to make, save and multiply your money. Below I've included some tips from the super-successful in personal finance.

Panelists will include Julie Bordelon, Steve Miller and another guest.

What We Can Learn From Financially Successful People

If I have seen further, it is by standing on the shoulders of giants. (Isaac Newton, hero to Einstein)

Professor Thomas J. Stanley studied over 700 multi-millionaires, super-successes at both business and accumulating wealth, asking them what factors were most important to their success. Below we listed only those items deemed important by over 50% of them. What a goldmine of advice! Reflecting on these helps us to see where to put our greatest efforts in getting ahead in life. Here's how they responded:

Today's Tips:

• Take the top three or top five, write them on a slip of paper, and work on improving them for the week. 
• Which traits are you strong in? Which do you lack?
• Reflect on each "success factor." Note which factors are a surprise to you. Think of why those traits may be more important than you once thought. 

End Notes

1) Survey from Thomas J. Stanley, Ph.D., The Millionaire Mind, p. 34.