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Below, they break down what theyve found to betrue of the rich.
For example, using donor advisedfunds or income deferral strategiessaves a great deal in taxes.
However, most people do not make use of them, because they forget them, he explained.
True wealth encompasses much more than just a hoarding of material assets.
Rather, it is about limitingpersonal emotions and obligations, and getting to grips with the tax law.
He said that without these cornerstones, wealth can be ephemeral.
Wealth and happiness are not directly related.
You dont become more happy just because you have more money, she explained.
Having money can help reduce financial stress, but it wont automatically fix your unhappiness.
Wealth Doesnt Protect You From Worry
People often believe that wealthy people dont worry about money.
Just because you have money, doesnt mean you live afinancially savvy and secure life.
There are a lot of wealthy people who were in similar circumstances asfinancially average peoplewho worked themselves into wealth.
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