According to a poll of high-net-worth individuals by advisory firm deVere Group, more than half (52%) said the number one strategy to build wealth was to work for it, while 27% said to save and 21% said invest wisely.
deVere Group's chief executive, Nigel Green, said: "There's a certain perceived mystery surrounding how the wealthy become wealthy. But our study shows that the majority of millionaires accumulate their money the old fashioned way - they work for it."
Last month, the deVere Group published findings of a poll in which it was concluded that high-net-worth investor confidence is at its highest level in three years, with 53% saying they were feeling bullish about the outlook for the next 12 months.
Green added: "Interestingly, the results of our ‘strategies for building wealth' poll were not wide apart, suggesting a combination of all three - working hard, saving, and smart investing - is how the rich really become rich."
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