Business Insider’s 7 Tips to Help you Become a Millionaire

September 21, 2017
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Have you ever wondered what separated your mindset from that of a millionaire? It can often seem like someone with a million dollars comes from another planet, that they must have gotten their money thanks to a lucky break or good timing. While that may be the case at times, usually it comes down to their habits.

Business Insider recently conducted a five year study on what makes self-made millionaires tick. In a nutshell, here’s what they had to say:

Self-made millionaire Savers accumulate their wealth by living below their means, saving money, and then investing that money prudently. According to my Rich Habits research, this path to multi-millionaire status takes about 32 years. Savers typically are risk-averse, employed most of their lives, and have a low or moderate standard of living. Self-made millionaire Savers were among the least wealthy in my study, with an average net worth of $3.4 million.

From “establishing saving goals early” to something called “making their money invisible,” Business Insider’s report gives readers some excellent advice on becoming better money managers.

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Read more at businessinsider.com.

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