Wealth Wisdom System

Many high-income producing Prodigious Accumulators of Wealth and Under Accumulators of Wealth share similarly stated goals concerning wealth accumulation. For example, more than three-fourths of both groups indicated that they had the following goals:

• To become wealthy by the time they retire
• To increase their wealth
• To become wealthy through capital appreciation
• To build their capital while conserving the value of their assets

But having a set of stated goals does not necessarily mean that one is committed to achieving them. Most of us want to be wealthy, but most of us do not spend the time, energy, and money required to enhance our chances of realizing this goal.
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Most millionaires who are Prodigious Accumulators of Wealth are self-employed. Being self-employed gives one much more control over one’s economic future than does working for others. Conversely, employees today, even high-income executives, have less control over their livelihoods than ever before. Downsizing, for example, is taking its toll, even among the most productive employee. More often than not, even high-income producing employees are not likely to be millionaires.

Under Accumulators of Wealth who are employees (not self-employed) are particularly vulnerable to external forces that threaten their ability to earn a living.

–The Millionaire Next Door, by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.