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But just because they have a lot of money, this doesnt mean they always manage it properly.
Here are some of thetakeaways that even nonfamous people can learn from.
But despite this wealth, James is a disciplined saver.
He stays really busy, and he says the secret to his success is consistency.
This is a lesson that we can say we dont want to do, Cruze said.
And people will do this.
They will pull equity out of their home, take on a second mortgage or get a HELOC.
But taking and borrowing money against your home is not a great idea, because No.
1, youre taking on more debt.
Its just not a wise thing to do.
He really values his health and wellness over maintaining a lavish lifestyle, Cruze said.
And also I like that he prioritizes other things in life versus just this fancy lifestyle.
The Oprah Winfrey Charitable Foundation has donated over $400 million, Cruze said.
Generosity is a priority for her, and she really believes that and lives that out.
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