The greatest misconception about being wealthy is that you have to flaunt your wealth to show individuals that you're wealthy. Believe it or not, there might be millionaire families on your street and you'd never know it. That's because most millionaires look like regular individuals who don't flaunt their wealth. They own regular houses and automobiles. They might have a few luxuries but most average millionaires can't be spotted on a daily basis as they prefer it to be that way and don't show off their wealth. You have to memorize the difference between an asset and a financial obligation. An asset is something that puts cash in your pocket without you having to execute much work for it.