The odds are good that at least one of the 7.8 million people who are millionaires in the United States lives near you. They may even be your neighbor!
But a millionaire that is financially savvy isn’t always as recognizable as some may think.
So what are a few of the habits and beliefs millionaires have in common? And how can you gain that same confidence and understanding of your financial future, just like them?
Let’s look at 5 common behaviors of the millionaire next door:
1. He spends less than he earns.
2. He knows that patience is a virtue when it comes to diligent saving and investing over time. After all, the odds are, you won’t become a millionaire overnight.
3. He pays off his credit cards in full every month. He lives by the idea that if you can’t pay in cash, you probably can’t afford it.
4. He never forgets that financial freedom is a state of mind that results from being debt-free. (He’s known for a long time that money doesn’t buy you happiness.)
5. He knows few millionaires were lacking a roadmap to get to that milestone; in fact, like him, most of them had a long-term plan. It’s not enough to simply declare you’d like financial freedom.
Make the Most of Your Money—Now And In the Future
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