The Hidden Mystery Behind Wealthy People Living in Palm Beach County

There’s no shortage, when it comes to wealthy and successful people living in Palm Beach county as well as Boca Raton. This area is home for many businesses and people of affluence who’ve started with very little and have become successful through years of hard work. The CEO’s of large corporations, investors and the like have chosen to select this area as a way for them to enjoy their time and to grow their businesses. On this blog we take a deeper look into the mystery that drives people to achieving that wealth and success.

Secret One: Take Risks
*In an article found “The Real Deal” Real Estate Advisors Adler Kawa acquired commercial property for close to $32 million dollars. The Yamato office center found in Boca Raton was purchased as a cash flow strategy. There’s rumor one of the buildings will be used as a distribution center for UPS. Adler manages over $160 million in capital and that includes 17 pieces of real estate in the mix. With that being said, ask yourself this question. Why would they invest in property found in South Florida at all? Perhaps Adler is following the habits of rich people just as Countess Henrietta de Hoernle.

Secret Two: Give Back to Your Community
Countess de Hoernle recently passed away at 103 years of age. But, she was well known in the community for donating $40 million dollars in charitable donations even when the public treated her unkindly for using the title ‘countess’. Giving back to her community and being an inspiration was her main objective. When you help others achieve their goals or help those less fortunate you open the universe to a more positive world. High society is always tied to philanthropic events and charities. Much like the Countess herself, they want to see where the money is going while still living.

Secret Three: Have Three Sources of Income
Many of our jet-set population uses Boca Raton and local communities as a place for secondary homes and properties. Some of which are rented when they aren’t using the luxury condo’s, and townhomes others are full time rental properties. Regardless, the income they generate from their rental properties undoubtedly adds to their portfolio. Successful people diversify in many facets of their life. They tend to work more than people less fortunate by approximately 11 hours per week. In order for them to keep up with up to 3 sources of income, they find ways to make their money work for them such as investing in property.

Secret Four: Surround Yourself with Success Minded People
People who lean on the wings of success, surround themselves with other successful people. They manage to find time to play a round of golf with a colleague or perhaps take in a polo match. They attend local charity events where they can have discussion on building their empires and supporting each other. Success minded people know they can’t succeed on their own and do what they can to socialize and have recreation time where it makes sense, with other like-minded people.

Secret Five: Remind Yourself, You Can Do Anything You Put Your Mind To
Former Penn State Graduate now billionaire Terrence Pegula who is a Boca resident, built his empire by diversifying assets such as ownership of the Buffalo Bills and Sabers along with having a deep interest in fracking. The oil tycoon now resides in the Boca Raton area with his family, but, prior to his success in gas, this was a person who worked hard, took risks and believed in everything he did.

Secret Six: Create Your Own Luck
Lighthouse Point, just outside of Boca has one of the biggest real estate moguls this side of the Atlantic. Igor Olenicoff owner of the Olen Properties Corporation, is another American billionaire who created his own luck. Once janitor, now a real estate developer, studied finance and math after moving to the U.S. with his family in 1957. Olenicoff bought many properties such as Weston Place and the Players Club in Coral Springs to name a few. He’s a success story worth telling as he didn’t wait for anyone to bring him luck. People that are rich, never wait for someone else to make them that way.

Secret Seven: Read, Learn and Educate Yourself to Be Successful
If you’re reading this blog post, you’re learning what it takes to be victorious. However, you can’t stop there. People that are triumphant read and learn on a daily basis. They surround themselves with knowledge to move forward. They’re constantly seeking information they can thrive on. By doing this, they’re the most empowered people around. Women such as talk show host Oprah Winfrey (net worth somewhere in the ballpark of $3 billion) revels in the fact she was an avid reader even living in a poverty stricken environment. She continued her legacy by producing the Oprah Book Club in a way that other less fortunate people could educate themselves toward a place of being ‘bestselling’. By taking up to 20 minutes per day to read, your mind is expanding and you’re taking the next step toward your accomplishments.

Step Eight: Get Up Early and Don’t Waste Time
**Multimillion-dollar publisher Adam Sandow opened the doors to his business in Boca Raton in 2003 as a niche magazine publishing company. The first two years he spent trying to build a different type of media company. According to an article found in the Sun Sentinel, the CEO understood the long hours it took for his 120 employees to run the company. The 30,000 square foot headquarters offer a Starbucks and gym to give his staff the comfort they need while putting in their respective time. Entrepreneurs have a die-hard work ethic. They are up at 5 a.m. and they don’t waste time on trivial things. It’s all in a hard day and this is one of the biggest mysteries uncovered by most people of achievement.

These are a few of the very important aspects, beliefs, and strategies used by some of the most prominent people on the planet today. By possessing such beliefs, you position yourself as a way of being the captain of your own ship or in this case, yacht. Whatever the deal may be, we look forward to hearing from you.

If you’re looking to invest in property in Palm Beach County, contact our luxury specialist for assistance.