When Vivian Tu was a child her household was very frugal. As she grew up and entered the working world she made her way to a job on Wall Street. That put her in touch with the ultra-wealthy and she was quick to see how they had a very different mindset from the way she was raised.

By changing her mindset and following what wealthy people were doing, she was able to become a millionaire at 27 years old. Here are four important realizations about how people generally reach their millionaire goals.

An Abundance Mindset Is Extremely Important

Most people don’t spend a lot of time trying to manifest their dreams. They might think it’s a waste of time, but it’s really not. It’s important to put in the work of building wealth, but you also need to have a mindset geared to the abundance you’re creating.

Delaying Gratification is a Necessary Part of the Process

It’s not always easy to delay gratification, but it’s definitely very important. When you hold off on buying all the latest and greatest things today you can build up more wealth that will work for you in the future. Then, you can choose the items you really want and need at a later date.

Connections and Social Networks Really Do Matter

It’s been said that no man is an island, and that is a valuable thing to realize when you want to build wealth. Social networks and the connections you have with people can help you find investments and career opportunities you might not otherwise have had access to. 

Assets Should Be Prioritized Over Liabilities

Hold onto your assets and keep your liabilities as low as possible. While it’s true that you sometimes have to spend money to make money, be sure that all your risks are calculated.

While most people don’t share these common financial attitudes, the wealthy focus on these strategies to build up their fortune and maintain it. Understanding how to look at things differently goes a long way toward seeing the kind of financial success that can create real wealth in the long term.

No matter what your net worth or your estate planning requirements may be, we are here for you. We will carefully listen to you to create an estate plan that meets your wishes and needs. Contact us today to get started!