High net worth people are different

By
Services for Real Estate Pros with Glenn Simon Inc.

I scanned this article today and initially I thought it was obvious. However, if you don't know how to manage your money then having and maintaining a high net worth will be hard. That's why you see lots of celebrities broke after years of making millions and millions of dollars.
"Calgary will and trust lawyer Coady Cormier has spent the past 13 years advising people who are worth more than $1 million on how to best protect that money. Along the way, he has noticed some trends in how that money is managed and the attitudes of the wealthy. Some of the observations are what one might expect."

Here they are:
- frugality
- good at controlling debt
- fewer divorces
- tolerance within couples ie to workaholics
- tendency to not be conspicuous consumers
- review portfolios, wills and insurance every 3 years
- deeper responsibility with financial planning


It's a great article read more HERE

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Location:
Alberta Edmonton Region Edmonton
Groups:
Investors
Tags:
financial planning
high net worth practices

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
201,289
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY

Interesting!! I suspect a lot of it lies in the foundation of focus & goal setting. Thanks for sharing!

November 14, 2011 03:03 PM #1
Rainmaker
525,509
Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Interesting comments. I saw Warren Buffett on CNBC this morning and he bought 10.7 billion dollars worth of IBM today. The comment that floored me was he has been reading their annual report for more than 50 years. So maybe he needs to add persistent to the list.

November 14, 2011 03:06 PM #2
Rainmaker
256,216
Todd & Danielle Millar
Glenn Simon Inc. - Edmonton, AB
A decade of excellence!

Brenda - I think it is so many things that work together to being successfull. Focus and goal setting are probably really really important.

Curtis - He is amazing and apparently very persistent!

November 14, 2011 04:39 PM #3
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
256,216

Todd & Danielle Millar

A decade of excellence!
Get cash in your pockets with Alberta Real Estate Investments
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the truck to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information