5 Key Character Traits Of A Wealthy Person

The minute you decide that you want to become a millionaire you must reflect on the inner you. Who am I? What am I passionate about? Am I a hard worker? Am I able to go beyond what is expected of me? Questions such as these will help you begin to brainstorm and come to a conclusion of the type of person you are.

In order to become wealthy, however, it will take some additional things that may include habits, your environment, your circle of friends and constituents,  vices, etc. All of these areas should be analyzed with a certain level of concern. The better you are at assessing your personal traits, the better you will be at identifying if you got what it takes to become the next Bill Gates.

For many of our richest Americans and non-Americans, there are certain characteristics that are instilled within their inner being. The people that they are is exhibited through their work. So, what are these character traits exactly? Well, the following list of five key traits are what most experts believe make up a wealthy person.

Intelligent enough to work smarter, not harder – Wealthy people understands the value of time. Therefore, instead of working themselves to the bone for just a dime, these individuals figure out ways to make their job easier. If there is a task that they can’t handle, they search for and hire someone with those expertise to do the work for them. By doing this, this frees up much needed hours in order to focus on other important tasks. 

Never sees money as their key motivating factor – People who have gained riches and maintained it have the tendency to love what they do. They are passionate about the job and the work their doing which is (and can) benefit others. Well-to-do individuals like to contribute to others (i.e. family, friends, society).  This pleasure in satisfying anyone other than themselves is what fuels them to reach higher levels of achievement. 

Refuses to think poor – Have you ever known someone who is afraid to spend money for fear of being broke?  Probably so. Are these people still broke? Probably so. A rich person, on the other hand, isn’t afraid of the unknown. They understand that insecure thoughts can oftentimes stunt their personal growth. A person who talks themselves out of situations are more than likely going to stay in that same place.  Therefore, wealthy people look beyond their humble upbringing and strive for more than what their parents had, for example. 

Hustles like a Jamaican – In case you didn’t know, when someone says you “work like a Jamaican” that means you work several jobs. To some, having several jobs may be a bit much. But, to most millionaires, one job is not enough. Wealthy people must have more than one way to make money. They believe in securing several streams of income whether it is through owning several companies, building partnerships with other investors, planting seeds into other businesses as a silent investor, and so on. Having multiple ways to make money not only secure capital for any future ventures, but it also secures the livelihoods of their families. 

Spends less, invests more – Rich people aren’t afraid to miss out on a new Bugatti so that they can use those funds to invest.  They know the facts surrounding federal and state tax laws. This is why millionaires make big purchases as company-related property. Unlike a single-family home, wealthy people spend their money on commercial properties that can appreciate, produce a cash flow, and be able to be written-off on their taxes each year. The same goes for cars. Wealthy people invest money into items that can produce revenue.  Family houses, cars, clothes, designer bags, etc can not do that. 

One last thought…in addition to these 5 Key Character Traits Of A Wealthy Person, another important thing to know is that these individuals pick their friends and associates wisely.  Most wealthy people dwell in circles of other wealthy and educated individuals. Being selective with who you chose to be in your circle can either make you or break you. So, if you have dreams in becoming a rich person, please understand that some of the people who are with you on the way up…may not be there when you finally get to the top.