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What successful people have in common?

The below list was lifted from Quora and is authored by Adam Fayed Founder of Global Online Financial Advisory Firm.  I really like this list a lot.  I think just successful is enough though – not just ultra successful.  I am even sure what ultra successful means.  I suppose there is something to be said about degrees.

The ability to delay gratification

  • Focus
  • Determination
  • Persistence
  • They are less influenced by the majority
  • They are readers
  • They invest in themselves
  • They invest in financial projects
  • They are open-minded
  • They also take care of their health and other things which aren’t directly linked to their wealth
  • They take personal responsibility
  • They are less focused on losses, and more on gains, or a realistic view of gains/losses. Most people are more focused on avoiding loss.
  • Focus on the long-term
  • They learn from their mistakes
  • And the mistakes of others
A Frugal Marriage, Five Years in the Making

A Frugal Marriage, Five Years in the Making

This July 2nd my wife and I happily celebrated our 7th wedding anniversary. In our seven years together as a married couple we have experienced loss (mother, aunts, grandparents, friend), gain (our two children, nieces, and nephews) and believe it or not, financial prosperity.

This last one may not seem like a big deal on the surface, but I believe our mindset about money is what has allowed us to survive the good, the bad, and the ugly during our years of marital bliss.  Continue reading

My Comments
This is a pretty lock-on couple and is a strong candidate for frugal marriage of the year.  I really like reading about this kinda stuff; they are serious inspiration to me and my family.

 

Driving a Paid-For Car on the Road to Wealth

Driving a Paid-For Car on the Road to Wealth

Article written by – Lauren Ray

For the thrifty individual, buying a new vehicle is anathema. But sometimes the buy-quality-and-hold approach pays off in the long run. In 1967, my dad bought two new cars: an AMC Rambler and a Chevrolet Stepside C-10 Pickup. He had the car for more than 20 years and the truck for over 30. As a matter of fact, the truck outlived my father. 

 With a brutal, roundtrip commute of about 150 miles every day, plus long family road trips on our school vacations, he managed to put nearly a million miles on the Rambler over its lifetime. When my older sister eventually got her driver’s license, being the frugal dad that he was, he sold the car to her.  Read on

My Comments:
This is simply awesome.  My current Mitsubishi Eclipse was built and purchase in 1991 so as of today it is 21 years old.  I have just over 170,000 on the odometer.  At the current average of 8100 miles a year over the life of the vehicle, I could conceivably get to 300k on the vehicle.  The body is in great shape, the engine is really clean and would you believe it, it has made 2 deployments to Bahrain for a total of 26 months in the dusty and dirty grime of the island.  I really can’t say enough about my car.  It has really been a wealth builder for me and I must say, I love that car.