While Donald Trump and Richard Branson are known for flying around the world in their private jets, average wealthy people live more modestly and own "normal" cars and "normal" houses, says Siebold. They just happen to have $5 million in the bank.
"Rich people get quietly richer every day," he says. "I met Naomi Judd last year at a TV taping and she told me that the reason she's rich today is that she has never spent her money. She doesn't own designer clothes or expensive jewelry. That's typical of most wealthy people. They aren't flashy."
Siebold says that the most consistent statement he has heard from the wealthy people he has interviewed over the past 30 years is that they want to be free.
"If you're rich you can be completely free and not be a slave to someone else," he says. "The desire for economic freedom is the main catalyst for success. It's what drives people to build their own wealth."
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