How you can achieve a high net worth

So you want to be a high net worth individual? "High net worth individual" is the newest, arguably more discreet, definitely wordier term for millionaire. If you have financial assets worth more than $1 million, consider yourself in the high net worth club.

If you're not quite in the high net worth club yet, you may be surprised by what it takes to get there. To achieve high net worth, you don't have to be born rich, win the lottery or sell your soul on reality TV. An overwhelming number of high net worth individuals have one surprisingly simple thing in common: They live way below their means. Basically, the secret to achieving a high net worth is more common sense than it is secret -- you have to make more than you spend and invest the difference.