- Millionaires understand that age-defying fitness is vital to a successful life. All the money in the world is useless if you’re dead, so the millionaires I met focus directly on eating right.
- Millionaire Life was a national promotional lottery game that offered a top prize of $1 million a year for 25 years, four prizes of $1 million and 20 prizes of $100,000. It has been run four times across Canada between 2007 and 2011.
- The largest & original millionaire dating site since 2001. Over 4.4 million+ HIGH QUALITY, rich and beautiful single women & men are looking for serious relationships.
How I got sucked into the cryptocurrency craze and walked away with $13 million This is the first-person account of Dan Conway, an ex-middle manager in corporate America who made a fortune betting his life savings on cryptocurrency.
I’ll be honest. There were definitely several times throughout my life when I never dreamed of becoming a millionaire. I didn't feel like I deserved it. I felt like that was meant for much smarter people than myself.
The first was when I was working construction and suffered an accident that almost prevented me from walking again. The second was when one of my business ventures was killed overnight by Amazon.
After years of perseverance and changing my habits, I was able to start a successful company and worked my way towards that millionaire statues. The thing is, I’m not an exception. Those thoughts of self-doubt that I had are very common. There are plenty of people just like each one of us that have become multi-millionaires.
Here are a few habits that I've noticed that average people like you and me do on a daily basis to change away from negative thoughts to positive thoughts and become millionaires.
1. They read for self-improvement.
I’ve always been an avid reader. I’ve noticed, however, that reading wasn’t just something I enjoyed. It was probably one of the biggest influences on why I became successful.
For example, as an entrepreneur, my reading habits helped me become a stronger and more effective business owner and leader. For the average millionaire, reading can help them grow and learn. In fact, according to research from Thomas Crowley, 85 percent of self-made millionaires read two or more books per month.
While there’s a time and place for leisurely reading, millionaires read books that encourage self-improvement. This includes topics like how-tos, biographies, self-help, leadership, or current events.
Related: 3 Unexpected Ways Reading Personal Development Books Changed My Life
2. They create multiple streams of income.
The average millionaire doesn't just rely on one source of income. They have multiple streams of income. This way they can handle any economic downturns, as well as make even more money.
In most cases, this involves having a passive income. This could be in the form of interest from loans, dividends from investments, capital gains, royalties, or rental income. Other types of multiple sources of income could be from starting a side business that doesn’t involve active work, such as running a website or selling information products.
Related: 17 Passive Income Ideas for Automating Your Cash Flow
3. They live on a monthly written budget.
Millionaires didn’t earn their money by luck. They’ve taken the time to understand what’s coming in and what’s leaving their bank account every month. In other words, they create and stick to a monthly written budget.
Budgets can eliminate unnecessary expenses and keep full-control of their financial future. Additionally, monthly budgets prevent overspending allow millionaires to achieve financial goals that they’ve established.
Related: 7 Secrets of Self-Made Multimillionaires
4. The don’t leave money on the table.
You can’t accumulate wealth by “leaving money on the table.” That’s why millionaires, no matter what their salary is, are aware of tax-avoidance strategies. As explained by Philip Van Doorn on MarketWatch, “If you work for a company or organization with a 401(k) or similar tax-deferred retirement plan, chances are your employer makes matching contributions.”
So “if the employer matches up to five percent, it means that if you contribute five percent of your pretax salary to your retirement account, the employer will also put in five percent. Boom -- you just realized a 100 percent gain on your investment during the first year, and set aside the equivalent of 10 percent of your salary.”
“It’s not enough -- 20 percent total savings per year is more like it — but it’s a start, and if you don’t make a contribution of at least the maximum match, you’re simply losing a lot of money. Over time, you should also work to maximize the annual 401(k) contribution.”
The IRS allows for a basic limit of contributions of $18,000 a year, with an additional $6,000 once you reach the age of 50.
Related: What You Need to Know About Retirement Accounts
5. They avoid debt.
The wealthy avoid debt at all costs. They live a frugal lifestyle and only make purchases for items that they can actually pay for. They don’t book a vacation and use their credit card to pay for the entire trip. This way they’re not paying those hefty interest rates. They prefer paying with cash because it has zero percent interest.
If they do use a credit card to make a purchase, they’re certain that they have enough money to pay off that bill when their statement arrives.
Related: 5 Strategies for Entrepreneurs to Steer Clear of the Debt Trap
6. They set daily goals.
Whether they’re setting financial projections, planning weekly tasks, or looking for ways to have multiple streams of income, millionaires are known for setting daily goals. This helps keep them focused and build momentum.
When establishing daily goals, make sure that you prioritize. This means doing the most important thing first. For example, if you want to make more money, then you should pursue activities that can make you thousands, instead of chasing actions that earn you hundreds.
Related: Is Goal Setting Missing From Your Daily Routine? (Infographic)
7. They don’t act rich.
Thomas Stanley, author of “Stop Acting Rich: ...And Start Living Like A Real Millionaire,” says “that most prestige makes of cars — 86 percent -- are driven by nonmillionaires. Yes, people with very high incomes, high levels of wealth are more likely to drive status automobiles. But in sheer numbers, the largest consumer segment for pricey cars, vodkas and homes is not the millionaire population, it is the aspirationals.”
Stanley adds, “These are people who think they are acting rich via their adoption of prestige brands, but in most cases they are only acting like each other.”
Researchers from Experian Automotive found that “61 percent of people who earn $250,000 or more aren't buying luxury brands at all. They're buying the same Toyotas, Hondas and Fords as the rest of us.”
The reason? They’re not willing to spend the money on a premium vehicle that is going to drop up to 70 percent in value within the first four years. It’s also why they avoid leasing cars because it ultimately costs more money. Instead, they invest in items that increase in value.
Related: 5 Frugal Habits of the World's Richest People
8. They’re entrepreneurs.
According to the “Millionaire Next Door”:
“Twenty percent of the affluent households in America are headed by retirees. Of the remaining 80 percent, more than two-thirds are headed by self-employed owners of businesses. In America, fewer than one in five households, or about 18 percent, is headed by a self-employed business owner or professional. But these self-employed people are four times more likely to be millionaires than those who work for others.”
Even though it’s completely possible to become a millionaire working for someone else, millionaires would rather earn their wealth doing something they love. After all, life’s too short.
I can attest to this fact. Even though I had some great gigs previously, I wasn’t able bring-in the money that I am as an entrepreneur. It was risky, and there were times I stumbled, but it’s been worth it both financially and personally.
Related: 20 Signs You're Destined to Become a Millionaire
9. They’re patient.
Even though we hear those stories of the person why became a millionaire overnight, the reality is that that’s few and far between. The average millionaire lives by the motto that patience is a virtue. That’s why the millionaire next door doesn’t achieve that status until they’re 50 years old. They earn a modest salary, invest wisely and focus on living below their means instead of searching for get rich schemes.
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Millionaire Quotes and Sayings by Famous People
Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each. -Christopher Rice
Anyone can be a millionaire, but to become a billionaire you need an astrologer. Keep your eyes on the stars, learn from the best. -John Pierpont Morgan
Everything always seems impossible before you realize you can and it becomes easy.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. -Warren Buffett
Millionaire Quotes about Love
No woman marries for money; they are all clever enough, before marrying a millionaire, to fall in love with him first.
I want a man who’s kind and understanding. Is that too much to ask of a millionaire?
All millionaires love a baked apple.
Find three hobbies you love: One to make you money, one to keep in you shape, and one to be creative.
Great Millionaire Quotes By Richest People
Becoming a millionaire is not the end goal; your growth and development en-route is what matters. –Mark Victor Hansen
Millionaire Lifestyle
To win big, you sometimes have to take big risks. -Bill Gates
Style is something each of us already has. You just have to find it. -Diane von Furstenberg
Secrets Of The Millionaire Mind’ was born out of my own journey of self-discovery within both my personal and professional life. -T. Harv Eker
Millionaire Quotes about Friendship
Millionaire Lifestyle Photos
Friendship is unnecessary, like philosophy, like art… It has no survival value; rather it is one of those things that give value to survival.
Friendship is born at that moment when one person says to another, ‘What! You too? I thought I was the only one
True friendship comes when the silence between two people is comfortable.
Friendship is like a glass ornament, once it is broken it can rarely be put back together exactly the same way.
Top Millionaire Sayings By Great People
Price is what you pay. Value is what you get.
I have no special talents. I am only passionately curious. -Albert Einstein
Business opportunities are like buses, there’s always another one coming. -Richard Branson
Anyone can be a millionaire, but to become a billionaire you need an astrologer.
Keep your eyes on the stars, learn from the best. -John Pierpont Morgan
Millionaire Quotes about Life
If we could sell our experiences for what they cost us, we’d all be millionaires.
Most people overestimate what they can do in one year and underestimate what they can do in ten years.
A hungry stomach, an empty pocket and a broken heart can teach the best lessons of Life.
Every next level of your life will demand a different YOU
Millionaire Quotes for Facebook
If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!
If we could sell our experiences for what they cost us, we’d all be millionaires.
Bad taste creates many more millionaires than good taste.
Formal education will make you a living; self-education will make you a fortune.
Millionaire Quotes for Instagram
My advice to you all out there is “READ LIQUID MILLIONAIRE NOW!
I don’t want to be a millionaire; just live like one.
I’m not a paranoid deranged millionaire.
My religion? Well, my dear, I am a Millionaire. That is my religion.
Millionaire Quotes on Success
I’m a millionaire, I’m a multi-millionaire. I’m filthy rich. You know why I’m a multi-millionaire? Cause multi-millions like what I do.
Beggars do not envy millionaires, though of course they will envy other beggars who are more successful.
Formal education will make you a living; self-education will make you a fortune.
Once I began following my own instincts, sales took off and I became a millionaire. And that, I think, is a key secret to every person’s success, be they male or female, banker or pornographer: Trust in your gut.
Quotes on Millionaire Mindset
The only time you fail is when you fall down and stay down.
Judgement is a negative frequency.
No matter how small you start, always dream big.
When you fail, that is when you get closer to success.
Best Millionaire Quotes and Sayings for Motivation and Inspiration
In Life & in Business, if You want to go FAST, Go Alone, If You want to Go FAR, Go Together. -Bill Gates
Millionaire Lifelines
If you earned money listening to music, I’d be a millionaire. -Michael Kiwanuka
Other Quotes you May Like:
Millionaire Life Game
Excuses are the nails used to build a house of failure.
Don’t let your learning lead to knowledge. Let your learning lead to action.