![]() They don’t hoard money when it could be put to good use investing in new ideas or training to improve their lives or make them more money. To accompany their abundance mentality, the wealthy understand “the law of abundance”. Living an international lifestyle offers you legal strategies to stop paying 30-60% in taxes and to put that money toward building your own wealth. Of course, offshore strategies are 100% legal, and if you’re an international businessperson, more than reasonable. This is no secret: watch any TV news program and you’ll see someone complaining that the rich use some offshore voodoo to avoid paying their “fair share”. Having a passport is the first step in developing this crucial habit. It is part of who they are and a life experience that keeps them sharp. Not just within their own country, but to neighboring countries and around the world. No matter where I go, almost everyone I meet travels. I also meet (and actually seek out) wealthy people who live where I am visiting. I meet a lot of successful people who are traveling just as I am. They favor investing in their own companies, friends and family, and exotic opportunities most people don’t know about. On a global level, most wealthy people don’t invest in the stock market. It’s only logical, but it’s also a big reason they stay successful, both as a mindset and as a way to discover new opportunities.Īdditionally, because the wealthy have access to other wealthy people, they follow a different set of trends. The wealthy stay sharp by rubbing elbows with other rich people. What do they all have in common? Lots of rich people. Think country clubs, charity events, and the Cannes Film Festival. That’s why approximately 80% of high net worth individuals earned their money in a business they own. Have you heard the idea that a professional athlete is “rich”, but the team owner paying him is “wealthy”? Employees will almost never be able to achieve the financial and personal freedom that those with their own businesses do. The following are seven of the key characteristics of successful investors and business people that I have observed throughout my years of travel and personal investment experience. While being successful involves a number of factors, it’s not rocket science, and it is within your grasp. ![]() Most importantly, these are lessons that YOU can apply in your own life. Whether these people have built five million-dollar businesses at lightning speed or have slowly built a $100 fortune, many of the lessons are quite similar. So do the top entrepreneurs I meet in places like Bangkok, Prague, Ho Chi Minh City, and Panama. When I talk to wealthy people - those who have built mega-million dollar companies, the jet setters, and billionaires - they consistently say many of the same things. While each country and culture has a different attitude toward wealth, there are also a number of similar attitudes that I have seen exhibited all around the world. In each place I visit, I make it a point to study the local opportunities and culture, as well as to discover exactly what successful people there are doing. Like Napoleon Hill’s Think and Grow Rich, both men recognized that there are important habits and mindsets that are key to achieving success, freedom and wealth.Īs a perpetual traveler and businessman, I have a unique position that has allowed me to observe and learn from some of the most successful people around the world The number of billionaires in the world literally doubled between 20, all while large numbers of the world’s poor moved out of poverty and into a growing global middle class.Ĭovey also hit the nail on the head when he argued that success is born of habits. In his book, The Seven Habits of Highly Effective People, Steven Covey introduced the world to the abundance mentality, a mindset that recognizes that there are enough resources to go around to allow any number of people to be successful without detracting from the success of others.Īnd he was right. While many of you may have grown up, as I did, being taught to believe in the scarcity mindset, wealth is something that is not only preferable, but also achievable. ![]() Contrary to popular belief, there are wealthy people just about everywhere you go. ![]()
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