Misconception #9 - Millionaires Live a Life of Ease. Ask Betty White!
Misconception No.9 -- Millionaires Live a Life of Ease
Many of us envision a millionaire as having an expensive yacht, Rolls Royce, Lear jet and a dozen servants who cater to his every whim. More often a millionaire will have an office and a secretary in order to run the business.
Studies of millionaires' habits indicate that they wear off-the-rack clothing, drive modest cars and eat food purchased from the local grocery store.
Any millionaire who possesses a jet or Rolls usually needs that item for business and can write it off as a business expense.
No Magical Moment...
Wealthy people are very active. There is no great magical moment in which they announce that they are going to quit working since they have reached a landmark financial goal. Life goes on for everyone, rich or poor. Sitting around eating grapes on the divan can get boring very fast for everyone.
This article is taken from "Born to be Rich." All ten misconceptions can be found here.