October 22, 2020

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Habits of Self Made Millionaire

Have you ever wondered what goes through the minds of the richest men in the world? You can bet that most people with ambition have attempted to breach their thoughts at some point. Millionaires are not super-humans but normal human being. Becoming a millionaire starts with a conscious decision which becomes a habit with time. Below are some millionaire habits you may not be aware of but is common among them.

  • They love to read.

In the words of former American President Harry Truman “Not all readers are leaders, however, all leaders are readers”.  One thing that differentiates millionaires from others is the insatiable desire to increase in learning. You may wonder why everyone who reads isn’t a millionaire. Well, it’s not just about them reading, it’s more about what they read. Millionaires make it a habit to keep abreast with trends as far as money is concerned. More often than not, they spend a fortune on this venture.

  • They know how and when to say no

Most if not all millionaires spend their lives saying no to temporary pleasure for future gain. To them, there is nothing wrong with cruising around in a fairly used SUV. They also do not mind staying in a neighborhood that is not too expensive. A typical example of this is Warren Buffet who despite having billions stored up stays in his old house. What these decisions do is to help them keep enough money for the kid’s College or retirement. Basically, millionaires avoid certain luxuries so that their tomorrow can be good.

  • They run  away from debt

There is a general misconception that Millionaires view debts as tools of some sort, well that is quite wrong. Millionaires more often than not prefer to save and pay cash for whatever it is they can’t afford. For them, terms like student loans, Car payments, and the likes is a no go area. They often do not owe any bank, hence whatever they earn remains with them to save, spend or give. It, therefore, suffices to say that you should avoid debt like a plague if you want to be a millionaire.

  • They live Budgeted lives

Every progressive enterprise is an enterprise built on a viable plan; your budget is your plan! Success doesn’t just fall from trees; you have to work it out. The same way you can’t begin the building of your house from the roof is the same way you need a plan to be rich. You need to have a grasp of the basics of being a millionaire and adopt the same as a working strategy. Budgeting is more like telling your money what to do instead of wondering where it went at the end of the month.

  • Millionaires are givers

Truth be told, some rich folks can act like self-centered jerks sometimes just like every other person. However, the normal everyday millionaire down your street is usually the most generous people alive. I can tell with all certainty because I have met some of them. For them, they realize that when they die, they can’t take it with them to the grave. Instead of them buying stuff, they chose to leave lasting legacies.

Have it at the back of your mind that not every millionaire you know was born rich. A large number of them worked their way up the larder by fashioning their lives in the way and manner rich people do. This does not, however, mean you should adopt a fake personality. You are a millionaire if you can think enough, plan enough, save enough and give enough.