What Can We Learn From The 400 Richest Americans?

According to Forbes, “The richest 400 Americans got even richer this year.”   With household incomes plunging for the second year in a row, fewer families earning over $100,000 a year and the ranks of the poor rising, one must contemplate how the super-rich were able to increase their wealth amidst such a gloomy backdrop.  According to CNN, “The top 400 saw their combined wealth increase by 8 percent, which means that they account for about 2.6 percent of the nation’s private wealth.”

Rather than focusing on the negative aspects of the debate, I do believe there are some things that most of the 98 percent, including myself, can learn from the top 2 percent in order to help us progress toward more economic freedom.  To be sure, these principles that are practiced by the super-rich may not help everyone in the middle class earn millions or billions or assist every poor individual in overcoming oppressive and institutionalized practices.  But, the following principles may help one reach some financial freedom upon implementation:

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