Practice patience
Practice patience

Millionaires tend to live in their homes for a very long time (about half of them for more than 20 years), hold their stocks for long periods, and even stay married longer (only 4% are divorced or separated).

The reward of sticking with it: You don't lose money to transaction costs and you ride out market slumps, so in the end all of your investments typically pay off.

By Carla Fried, Anne C. Lee, Elaine Pofeldt, Susie Poppick and Penelope Wang @Money - Last updated July 03 2012: 5:57 AM ET
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