Money Secrets Of The Super Wealthy

Published: March 24, 2015, 4:06 p.m.

b'With Paul Sullivan, Columnist \\u2013 \\u2018Wealth Matters\\u2019 for The New York Times, Author \\u2013 The Thin Green Line (Money Secrets of the Super Wealthy)



People\\u2019s choices, decisions and behaviors make a big difference between gaining riches and staying poor \\u2013 it\\u2019s all about being on the right side of the \\u201cthin green line\\u201d with the choices you make. It\\u2019s what helps people with even modest salaries retire well-off, while bad decisions about money make people who are seemingly well-off end up with less in savings and wealth \\u2013 people who live grand lifestyles but do not have enough for the future.

As Paul puts it, it\\u2019s the difference between being \\u201cwealthy\\u201d and being \\u201crich\\u201d, where being wealthy is about being financially secure, having little financial stress and having control over how you live your life, while being rich is, say, having good current earnings power but lacking financial security because of inadequate long-term financial planning. So see how you can understand your own attitudes towards money, how you transfer these values to your children, and what you can do to place yourself and your children on the right side of the \\u201cthin green line\\u201d.

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