They say the rich get richer; at rolling out we say the rich just make a point to be smarter about their finances. If you think about it, the person driving the Bentley and the person in the Neon are similar, except the latter refused to educate him or herself on the importance of sustaining healthy financial habits. Class for the difference between the haves and have-nots is in session!

They maintain a banking relationship. Some of your best financial advice comes from your bank. Wealthier people tend to have more in-depth financial discussions with their local Washington Mutual and Chase representatives, and in turn demonstrate a conscientiousness and willingness to maintain strong bonds with these institutions.

They live below their means. Before the financially well-off purchase the newest Air Jordans, upgrade to an iPhone or pop any champagne corks on Friday night, these people pay their bills — on time. Taking care of financial details leaves them more room to buy the things they want while keeping their credit in top-notch shape.

They're genuinely excited about saving money. You can only survive off Ramen Noodles for so long, and eating out every night will burn a serious hole in your wallet if you’re not careful. So when it comes to food, the economically ambitious actually use coupons to make sure they’re well nourished at the right prices. And they take the time to develop relationships with local businesses.

They use extracurricular activities to their advantage. Boardrooms can be so, well, boring, so it helps that successful people take up hobbies like skiing or golf. Brokering million-dollar deals comes easier when both parties can admire the view from the front nine.

They understand the value of sacrifice. Prudent people have indoctrinated themselves with the idea that the luxuries and fruits of life derive from a certain amount of suffering. They have money to buy what they want, when they want, but prefer delayed benefit over instant gratification.

They're willing to share. Not only are the wealthy good at their jobs, but their talents aren’t confined to the office. They believe in sharing wealth by providing knowledge in their industry via panels and events.

They never stop learning. Whether it’s attending events for the National Black Chamber Commerce or keeping up with the economy via The Wall Street Journal and Black Enterprise magazine, these lifelong students wholeheartedly embrace ongoing education. –gavin philip godfrey

Send this Article to a Friend
facebook