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The wealthy think about longevity.
- Building wealth requires a different way of thinking.
- Erin Lowry, founder of BrokeMillennial.com and author of "Broke Millennial Takes on Investing" asked experts about what the wealthy are doing differently, and what the average millennial should know.
- They said the wealthy think strategically and about the long-term - they save early to reach their target number and practice patience during the process.
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It takes a certain kind of mindset to build wealth.
Just ask Erin Lowry, personal finance expert, founder of BrokeMillennial.com, and author, who talked to dozens of people with backgrounds in the financial services and wealth management industries for her most recent book, "Broke Millennial Takes on Investing: A Beginner's Guide to Leveling Up Your Money."
She asked them a key question to help put millennials on the path to becoming self-made millionaires: "What are the wealthy doing differently that the average millennial should know?"
According to them, the typical millionaire thinks strategically and about the long-term - they start saving early to work towards a target number at which they can reach financial independence, and they're patient during the process. The wealthy are aware that "getting rich" isn't a fast process and that it takes time to build wealth.
Here's what the experts said the wealthy are doing - and millennials should be doing.