Who are the real rich people?

Who are the real rich people? They are not the ones who like to spend money on expensive items. Even many of those high income was the simple life. For example Warren Buffett, American investor and businessman, who lived in a modest house in Omaha, Nebraska. Money they earn is invested, so that their wealth is growing.

"Wealth is what you have accumulated, not what you spend," said Thomas Stanley and William Danko, authors of The Millionaire Next Door, which first published in 1996.

The wealth of such people is usually produced from their own efforts. In his book, they write, often not luck, inheritance, a high degree, or intelligence, which made them rich. "Wealth is more often due to a lifestyle of hard work, perseverance, planning, and more than that, self discipline," they wrote.

Many ways to define wealth, but most people think of wealth as the value of everything owned, with no debt. But there is a difference between an asset that can be marketed (things that can be liquidated quickly, such as stocks, bonds, or property), and personal items such as cars, clothing, and household tools that you use regularly and do not will be sold.

According to Stanley and Danko, salary alone can not make a person rich. High salaries would help build wealth, but financially independent person look at their salaries as a means to an end, namely to increase the money.

"The rich do not spend their money to purchase a free," says Pam Danziger, founder of Unity Marketing, a market research firm specializing in luxury goods. "They are so rich with maximizing the value of their investment."

Of course, they also still use the money to buy branded clothes or shoes, but it is done with full consideration. Buying too much done because the value and quality. "They really take shopping as an investment, not expenditure," he added.

The biggest difference between people who have money and people who want to have money is, how they pay for goods purchased. Millionaires tend to buy in cash, do not care if that car, home or yacht. This may be difficult to do by people who are still receiving an average salary, but essentially the same: do not owe it to fund your lifestyle.

They also make a neat design, and spent plenty of time for that. Many of those who save or invest in a compulsive, and consider the journey to wealth is much more fun than when it reached that goal.

They are patient, and willing to invest for the long term. This is done because they were trying to be financially independent. When he retires, many of those who know exactly what they need to continue living, to donate, and leave a legacy.

Leslie Lassiter, managing director of JPMorgan Private Wealth Management, also said that rich people really understand how much liquidity they need to cover expenses, and make sure they still have plenty of cash. "Supposedly, it was also done by the average person," he said.