- Diversify Your Income: The average millionaire has 7 streams of income. “Don’t put all your eggs in one basket.”Start building multiple income streams today!
- Pay Yourself First: The average millionaire saves and invests about 64% of their income. Never live bigger than your paycheck.
- Start a Business: 66% of millionaires own their own business. Live your life without limits. Be your own Boss.
- Build an Emergency Fund: Do your future self a favour and save 6 to 9 months’ worth of living expenses atleast.
- Save for Retirement: You can retire successfully if you save and invest as early as possible by using the magic of compound interest.
- Don’t Drive away your Wealth: Most luxury cars lose about 60% of their value after 5 years. Millionaires don’t invest in depreciating assets like new cars. Instead, they buy used cars and invest their money in appreciating assets like stocks, equity mutual funds or real estate.
- Prioritize your Health: 76% of millionaires exercise for at least 30 minutes daily. Never take your health for granted. Have a healthy diet as well. You cannot enjoy your wealth if you have bad health.
- Learn Basic Financial Concepts: A lack of knowledge in personal finance can leave a long and lasting negative impact.
- Read more: Books give you a chance to learn from and think like the greatest minds that havw walked this earth.
