If we want to become fit, who do you follow? People who are fit, right? You wouldn’t ask a person who’s 150lbs overweight how to build muscle mass – would you? No.
Similarly with building wealth – if you want to build wealth, you should ask those who have done it before you.
Oftentimes we focus on those that are closest in our lives because those are the voices that are the loudest. But, that doesn’t necessarily mean that it’s the right voice to focus on. If you’re following advice from those who are in your shoes or worse off – then you’re probably going to be in their same shoes. So, when it comes to building wealth – listen to the advice of those who have a million reasons to listen to them.
According to CNBC, here’s 10 habits of millionaires that made them millionaires and how you can implement these habits into your own life.
Buy their cars and plan to keep them long term
They have emergency funds
They invest – 15% minimum
They take advantage of what their employer offers
They don’t try and keep up with the Joneses
Utilize tax deductions
Look into other income streams
They start saving for their kids’ college early on
They seek advice