Most Millionaires Make Budgets

self-made millionaires

Thomas Stanley and Wiliam Danko, are professors who have devoted their careers to studying the habits of self-made millionaires – defined as people who became millionaires without the help of an inheritance.The majority of self-made millionaires budget and track every penny. They know how much they spend on groceries, gas, and every other household line-item.

common threads that millionaires share

  • Millionaires live frugally.
  • They drive used cars.
  • They buy their (used) car, instead of leasing one.
  • They live in “less house” than they can afford, especially while they’re growing their wealth. Most of their neighbors are non-millionaires.
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