High net worth people are different

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


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Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & personality!

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

Nov 14, 2011 03:03 PM #1
Curtis Van Carter
Coldwell Banker Brokers of the Valley - Yountville, CA
Your Napa Valley Broker Extraordinaire

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.

Nov 14, 2011 03:06 PM #2
Todd and 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!

Nov 14, 2011 04:39 PM #3
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Todd and Danielle Millar

A decade of excellence!

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