5 lessons the rich can teach you.
We all know that the rich generally live unassuming lifestyles and don't drive the latest and greatest vehicles. After all, how would they have accumulated their wealth in the first place. MSN Money has an excellent article with 5 lessons the rich can teach you . one of the highlights: so where do the wealthy put their money? Most of their wealth is investments: * 46% in stocks and bonds, managed accounts, IRAs, mutual funds, deposits and alternative investments * 10% in pensions and defined-contribution plans like 401(k)s * 6% in insurance and annuities There are also some indications that wealthier Americans are cutting back their exposure to real estate. The percentage of people with net worth over $1 million who own investment property shrank to 44% in 2005, down from 50% in 2004, according to TNS Financial Services, a market-research company.