In my five years of rich habits research, I discovered four ways in which millionaires in my research have accumulated their wealth:
- Save investor paths
- Big Company Climber Path
- Path of drill
- Dreamer – Entrepreneur Path
In my research, savings investor millionaires develop three important habits, which leads them to amass an average of $3,260,000:
- Habit #1 Frugal Spending – Frugal doesn’t mean your money is cheap. Frugal means spending your money on the lowest price, highest quality product or service.
- Habit #2 saves 20% or more of your income – This requires you to maintain a standard of living so that you can live on 80% of your net salary.
- Habit #3 Savings Bucket System – Determine specific savings priorities and put a certain percentage of savings into each bucket: wedding, first home, emergency fund, college savings, investment, retirement, etc.
In my book Wealth without effort – wise currency habits at every stage of your lifeIn my research, I share 23 smart currency habits that save investors. These habits can guarantee financial independence and wealth.
Savings in my research investors use these clever currency habits, which help them succeed on autopilot. Because they follow these habits diligently, they are able to automatically build wealth over the years. Over the years, their investments have been appreciated for the investment and interest income that they invest automatically accumulate, automatically earning.
People who follow these three clever currency habits, even if they fall asleep, are the common goal of all millionaires in my rich habit study.
Instead, those who live outside themselves mean accumulated debt. As they sleep, interest in debt grows.
Every time they wake up, they’re eight hours away.
If you want to build wealth in the simplest, most possible way, the path to saving investors is the way to go. It does not require any advanced degree. It doesn’t require you to take huge risks. And, this doesn’t require your working hours to suppress working hours, which can negatively affect your family and friends.
For potential saving investors millionaires, accumulating wealth requires you to get used to “save” the first “bill” you pay for each salary and then learn to rely on the remaining expenses of your salary. When you decide to save first, this forces you to lower your cost of living so that you can achieve your goal of saving 20% or more of your net salary. This allows you to pay your savings by investing carefully and continuously so that your savings can grow – even if you sleep!
