Top 6 Money Habits of Self-Made Millionaires



Here are Top 6 Money Habits of Self-Made Millionaires that you should know.

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Here are Top 6 Money Habits of Self-Made Millionaires that you should know.

1- Self-Made Millionaires are always looking for ways to own a high income

It is always easier to accumulate assets if you earn a lot of money.  Most self-made millionaires weren't rich in the womb.  They usually build an income in two or three decades by focusing and growing their careers.

2- Self-Made Millionaires usually save a large portion of their income

Saving has always been one of the important methods of accumulating wealth that anyone can do, and self-made millionaires are no exception.  In the past, saving 10% was considered good.  If you save that amount in 45 years, you could have a retirement amount by age 65.

Top 6 Money Habits of Self-Made Millionaires

As of today, people in the FIRE community are saving 50%, 75% of their income or even more.

Self-made Millionaires often maintain savings levels in between these two thresholds. 

3- Self-Made Millionaires focus on simple investments

Simple investments can still make a good profit.  Many millionaires have discovered this.  After trying a variety of investments, they often end up falling back to the simplest investment categories such as real estate and index funds.

4- Self-Made Millionaires always know the basic knowledge of money and avoid big mistakes

Most sustainable millionaires increase their wealth using old and familiar methods like saving and investing.  Thanks to that basic knowledge, they gradually became rich over time.  Rarely can anyone maintain an asset thanks to a single event in a short time such as winning the lottery, inheritance, etc.

Top 6 Money Habits of Self-Made Millionaires

The process of getting rich of self-made millionaires is often quite boring, monotonous compared to the get-rich-quick stories often seen in the media.  But it always works.  Those who are slow and steady will win the race.

5- Self-Made Millionaires have multiple income sources 

In addition to the main income, self-made millionaires also have many different sources of income, the most common income sources are dividends, real estate and side jobs.  Passive incomes are often built over many years.

6- Most of Self-Made Millionaires check their portfolio daily

Experts often advise that the key to successful investing is not to follow the market too closely.  Because that can lead to a tendency to make moves that are detrimental to their outcome.

Top 6 Money Habits of Self-Made Millionaires

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