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ASK THE MONEY LADY: The wealthy’s common traits

3 0
07.01.2025

I have been asked many times how the wealthy save and make money. So, today, let’s share some secrets from those high-net-worth Canadians – Canadians that have retired with high-valued investment and retirement assets. How did they do it, and what can you copy?

Wealthy people have all made their money differently. Some are great investors; some use real estate and others have great entrepreneurial skill. But when you drill down to the core of those high-net-worth people, they all have a few traits in common that we don’t see in those people with much less.

First up, the wealthy have a higher appetite for risk than the average person.

Now I am not saying they are reckless but rather are always on the lookout for opportunities that might be prosperous.

Wealthy people leverage their assets to create more wealth. They are not individuals that stay stagnant; moreover, we often see wealthy people who have paid off their mortgages multiple times throughout........

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