BANGALORE: Wealth is the abundance of something in such surplus that no conditions can destroy it. Making a lot of money is one thing, getting rich is another? Creating wealth, well, that’s what very few people ever learn. You would have heard the expression "get rich quick," but you will never hear "get wealthy quick."

Ever heard the saying, “money never sleeps?” The wealthy take this literally and believe that money must work around the clock to grow. The wealthy respect and pay attention to their money knowing that nothing multiplies without attention. They also know money wants to be loved and acknowledged.

Mistake 1# Impulsive Spending

The source of most personal debt is spending more than you need. Don’t go shopping when you are bored, as you will end up buying things that you will rarely use. Most of us know what our big bills are every month, thus people don't have a grasp on how much money they're spending on smaller stuff. From buying groceries to new clothes, she says that these costs can really add up.

What millionaires do: If they are prone to impulsive shopping, they will try to make a clear plan for what they need to buy, and what they need to avoid. If they really want something, they come back the next day and try to be patient when shopping.