The 8 Secrets of how Ordinary Americans became Successful Investors - Ric Edelman

• They carry a mortgage on their homes even though they can afford to pay it off.
  Reasoning : (a) They use the money for other investments which have better returns than the mortgage interest rate. (b) Cash is king.
• They don't diversify the money they contribute to their employer retirement plans - instead, they put all their contributions into one asset class, the one few others choose.
  Reasoning :
• Most of their wealth came from investments that were purchased for less than 1,000.
  Reasoning :
• They rarely move from one investment to another.
  Reasoning :
• They don't measure their success against the DOW or the S&P 500.
  Reasoning :
• They devote less than three hours per month to their personal finances.
  Reasoning :
• Money management is a family affair involving their kids as well as their parents.
  Reasoning :
• They differ from most investors in the attention they pay to the media.
  Reasoning :