5 Simple Things Millionaires Have In Common Do For Their Money.
Today I’m going to share with you five simple things that millionaires do for their money and how you can do them too, like right now because let’s win with money in the long haul, right?
That’s what we want.
They can log into their bank account online.
Some of you are laughing, slash rolling your eyes at this piece of advice.
Do you know how many people don’t even know their login information?
They don’t even check, they don’t even look.
But listen, if you’re going to be successful with money you have to know what’s going on with your money.
Yeah, it sounds really simple, but you have to do the little things because knowing the little things about your spending habits, about your savings, about your investing, about your accounts online, all of that is going to give you a full picture of your finances.
It’s something that every millionaire does.
They have a will.
You can bet that a lot of millionaires are not gonna let Aunt Felicia, twice removed, or worse, the government, decide what’s going to happen to their stuff when they die.
And neither should you.
Now, if you’re married, you want to talk about this with your spouse.
Again, wills are so important. And these days you can actually do your will online with Mama Bear Legal Forms.
When you make your will, get creative and decide together where you want your resources to go to leave a legacy after you’re gone.
Mama Bear Legal Forms is affordable, easy, and you can do it all in the comfort of just your own home.
Number three, they invest consistently.
In our national study of millionaires, we polled the general population versus millionaires about the important factors of building wealth.
Now what’s interesting is both groups agree that financial discipline is the most important factor when it comes to building wealth.
But then after that, millionaires said investing was the most important part of building wealth consistently.
Investing didn’t appear for the general population until number seven, so, I don’t know about you, but I’m going to take my advice from millionaires versus the general population on how to build wealth long term.
So investing is so crucial.
That’s why I want you guys out of debt with a fully-funded emergency fund.
And then you can speed up your investing so much easier.
And if you want someone to help you, then you can look into one of our SmartVestor Pros in your area.
You can click a link in the description below, but find someone that can help you do this because this is a huge key to building wealth long term.
I mean, it’s like your money works for you while you’re sleeping.
While you’re hanging out with your friends, your money is making money.
It’s amazing. Investing is amazing.
Number four, they plan for taxes.
When you accumulate a lot of wealth, then you owe a whole lot more money in taxes.
And even if you’re not wealthy, you need to have a habit, you do, of planning for your taxes.
This is really important.
I remember graduating college and we all had different jobs of my friends and I remember like a year or two later, one of my friends was nannying for a family.
And we were talking and she told me like a year before that, she was like, “Yeah, I didn’t save anything for taxes. Like, no one told me.”
She’s like, “I didn’t know!”
And so we had this whole conversation about it and I was like, “Oh yeah, this is really, really big.”
Because again, you want to be able to plan for it.
So think ahead, taxes, they’re important. Lastly, they advocate for themselves.
You are your best advocate. This is true with your money.
This is also true in life.
I have kids and I’ve learned, “Yeah, it is up to me, and if I’m not getting the answer I want from this doctor I need to go find a specialist or I need to do something,” right?
Or even our own health, like whatever it is, you’re the one that’s going to be looking out for you.
And it’s a lot of responsibility, it is, but it’s really important.
You have to be proactive when it comes to your career, your job, your health, every part of life, but specifically your money.
So you don’t know what you don’t know.
So you have to learn.
If you don’t feel like you are adequate and you’re like, “Oh, I don’t know all this stuff when it comes to building wealth,” you have to be proactive.
That’s what millionaires do, they happen to their money.
And so it’s really important because we don’t learn this stuff in schools.
Maybe your parents never taught you.
So that is why I’m so glad that you’re here though, watching these posts because you’re getting the information to know, “Okay, how do I go out and win?” And that, again, I see it over and over with millionaires, they are intentional.
They happen to their lives versus their lives happening to them.
And the same is true with your money. And I really, really want that for you. So remember to take control of your money and create a life you love.