4 Habits Of Millionaires Canadians Should Know

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Perhaps your daily habits are what are keeping you from reaching financial security and success?  Have you really thought about it?  We would like to share with you 4 habits that millionaires carry out on a consistent basis.  Some claim this is what keeps them financially sound and secure–but who knows?  What we can say is that if you adopt good, logical financial habits you might find you can become a millionaire yourself, and that would truly be a feat to share with Canadian friends and family, don’t you think?

Today, statistics are showing that 80% of millionaires are first generation millionaires, meaning they didn’t inherit a family fortune.  One basic step to surely reach this position is to make your savings a clear priority in your life.  Every time you get paid you should ensure you put 10% of this into savings.  If you can’t do that then do 5%–but you certainly need to start a savings plan.  This is a slow and steady process, and it isn’t going to happen in the blink of an eye.  Therefore, Canadians need to have patience with themselves.

Let’s take a look at 4 other positive ways you just might reach the status quo of Millionaire!

Self Made Millionaires Live An Intentionally Steady Lifestyle

Woman jumping on a jetty at Lake Ianthe, West Coast, South Island, New Zealand, Pacific

True, the path to prosperity can be paved with ruts, but you can preserver!  You have to set intentional goals and stick to them, consistently.  You’ve heard that before.  This takes a sincere dedication. Of course, you have to be in a career setting that is going to pay you a salary good enough to be able to save gradually too.  Not every Canadian can do this as systematically as the next can, all due to employment and pay issues.  However, self made millionaires normally save something every single day, whether that is a nickel or a dollar.  You’d be amazed at how fast it can add up–not to mention the financial security this kind of strategy can offer to you!

Let’s look at some real life habits now that make sense! 

  1. Self Made Millionaires Shop Online:  Yes, millionaires shop online.  The fact is, not everyone with money is as loose as the media likes to portray.  50% of those high-earners prefer to shop online in comparison to those who make far less. It’s odd, but these are the facts.  Not only is this smart, it is very easy to locate deals on high-end quality items as well. This allows for money to be saved for the long-term!
  2. Self Made Millionaires Discipline Themselves: No matter the sacrifice that must be made, these financially successful people know what they want and are willing to struggle in the short-term to achieve long-term success.  Not everyone can do this, and it isn’t easy.  However, most self made millionaires understand the rewards of sacrifice at an early age. If only more of us could do the same thing!
  3. Self Made Millionaires Still Live Below Their Means:  While a millionaire can enjoy the more prestigious life, those who have worked hard aren’t that willing to spend as much, so there are more who continuously live below their means to maintain their wealth.  This is one of the most effective ways to ensure you reach a millionaire status!
  4. Self Made Millionaires Use Their Money To Make More Money:  Investing your money into things that are going to give you a guaranteed ROI helps you build onto your wealth, and this is what smart millionaires do.

Your money

Many self made millionaires also have an advisor who guides them and points out the safest ways to manage and grow their existing wealth.  It is hoped these insider tips will help Canadians make smarter decisions about their money and their future now!  Just remember, it is the mindset of the individual that determines how far one can really go, that is, with regard to achieving long-term financial goals!

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