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There is a more serious and thorough treatment in this area in the many books by the late wealth researcher Thomas J. Stanley. Common points he would repeat:
by tinglymintyfrsh 4y ago
There is a more serious and thorough treatment in this area in the many books by the late wealth researcher Thomas J. Stanley.
Common points he would repeat:
- There is no magic formula to find rich people or to become one
- They don't live above their means
- Beside poor impulse control, a habit of lottery ticket purchasing is the strongest signal negatively correlated with long-term wealth
- Rich people often married but rarely divorce because it's a more efficient lifestyle and financial suicide to split
- Rich people tend to meet their spouses in college where there's a better cohort to meet
"Stop Acting Rich" was a title of one of his books. Not sure if it's an accident or the remote possibility of a ripoff. It's an obvious title.
One interesting positive correlation with single-family, suburban, non-forest-interface home property values is the number of trees. It's not a perfect rule, but single-family home areas without trees tend to appear unappealing and are statistically less affluent (i.e., fake grass, plastic flamingos, wrought iron fencing, and bars on the windows). The exception to the rule is San Jose, California which is a horrible mix of unmaintained houses with overgrown weeds beside nice homes. If property owners there had leadership sense and wanted to maintain their property values, they would influence code enforcement to cite unkempt properties.