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Nine Sensible Tips And Tricks Heard From Millionaires That Everybody Can Benefit From

by Kailee

Though becoming a millionaire seems to be completely unrealistic to most people, research shows that more than fifty percent of millionaires are self-made. While their advice certainly won't guarantee that you will make your first million overnight, it is definitely worth reading, in the hope that it will help you get that much closer to your dream purchase, whether that be a holiday around the world, a sports car, or that beautiful house that you've had your eye on.

From managing your budget into three categories (living essentials, personal spending and savings), living well below your means, or even making your money work for you through investments, this list may help you create some healthy financial habits to help you work towards financial success. 

1. Divide your budget by 50/30/20 - 50% allocated to living essentials, 30% allocated to personal spending, and 20% allocated straight to savings.

via: Tenor

2. Buy what you USE in bulk, and on sale. Though it may be more expensive in the short-term, this becomes an immediate return on your money in the long run

via: Tenor

3. Don't use credit cards. The money saved on interest by not having debt is better than almost any return from the stock market.

via: Tenor

4. Try to buy direct from manufacturers. If you need, suggest friends to order together by motivating them with the comparatively lower prices.

via: Tenor

5. Not spending money = making money. If you struggle with impulse purchasing, ask yourself these questions: "Do I really need it? What will realistically happen if I don't buy it?"

via: Tenor

6. Live below your means - be known for your work ethic, and don't spend more than what you earn/

via: pixabay
via: Tenor

7. Start earning a passive income. Money won't be made just by spending time at work. Make your money work for you through investments.

via: Tenor

8. Surround yourself with successful people who share your vision and inspire you. This has the potential to expand your thinking.

via: Tenor

9. Remember - money isn't everything. It may improve your quality of life, but it's nothing compared to the love and support of your family and friends, and the happiness they bring.

via: Tenor

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