10 Habits of Millionaires

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.

  1. Avoid debt

  2. Buy their cars and plan to keep them long term

  3. They have emergency funds

  4. They invest – 15% minimum

  5. They take advantage of what their employer offers

  6. They don’t try and keep up with the Joneses

  7. Utilize tax deductions

  8. Look into other income streams

  9. They start saving for their kids’ college early on

  10. They seek advice