LIGJET E BIZNESIT
What do self-made millionaires have in common?
The answer is: Most of them create budgets.
Common characteristics of millionaires:
• Millionaires live by saving. • They drive used cars. • They live in small homes that they can afford, especially while they are still growing financially. • Most of their neighbors are not millionaires. • Most of them have not inherited anything from their family. • Nearly half have not received any money from their family to pay for education. • Millionaires have frugal wives. • Millionaires are business owners. Some have a full-time job in addition to their business, while others are full-time business owners. • Primarily, they own “boring” businesses. • The area in which they spend the most money is on their children’s education.
Millionaires’ Budget
Most millionaires create a budget and track every expense. They know how much they spend on food, gas, and every other service, according to EO.
“Planning and controlling consumption are key factors in wealth accumulation… Running a family without a budget is like managing a business without a plan, goals, or direction,” says Thomas J. Stanley, co-author of the book The Millionaire Next Door.
