Millionaires are, of course, a diverse lot. While some were born to money, others slogged through the corporate grind for years, while some came up with that one great idea – and had the stamina and guts to make it work. But rich people may have some common traits that the rest of us should consider.

Independent Thinkers – While most people spend a lot of energy trying to conform, people who make their fortunes tend to forge their own paths.

Visionairies with an Optimistic Outlook – Millionaires like to look ahead, see the big picture, and also keep a positive attitude about their own chances of reaching their goals.

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Why Anti-Consumerism? Isn’t that Anti-American?

I grew up in a very frugal home. My parents paid cash for used cars, and we lived in older homes with small mortgages that were well within their means. My folks always had money for important things like health insurance, glasses, or emergency travel. They had what we used to call a depression mentality, and as a young person, I struggled against it. Of course, I wanted a better bike, a fancier bedroom set, and more clothes that had not come from my older sister.

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Do You Know About No Load Life Insurance?

We certainly see a lot of ads for cheap life insurance, but you seldom see an ad for no load life insurance. This is because this life insurance is sold without adding the commission fees into the premium, and so it is much cheaper. Do not assume you get the lowest, no load rates, even if you purchase a policy direct from an insurance company either because they still have to recoup their advertising. Insurance companies spend a lot in TV ads, direct mailers, and magazine spreads.

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Multiple $1 Into 70,000!

Can you save a buck a day? This is a great exercise to do with older kids, but I know many frugal adults who do it too. Get a jar, and then scoop out your change every day. This includes any change you find on the floor or in the laundry or in your couch. Try to make sure you put at least $1 in the jar every day.

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