
5. High Income Doesn’t Always Mean You Are Rich
You can have an income of a million dollars a year, but if you spend all of it, you are not accumulating wealth. Many of the world’s wealthiest people spurn high fashion labels, such as Gucci and Louis Vuitton, and prefer to drive standard automobiles instead of Cadillacs and Rolls Royces. They understand that to build wealth you can’t just make money; you have to use and save money wisely.

Nevertheless, other forms of wealth have little to do with having a high income. Some of the world’s happiest people are middle class. They have plenty of money to provide for their own needs and some of their wants, and most of their energy is focused on the people they love instead of wealth.