The 7 Habits of Millionaires

The 7 Habits of Millionaires
Changing your money habits can change your life! Today, we are going to look at the habits millionaires make. The more bad habits you kick and good habits you follow, the more successful you'll be with money.

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George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.

This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

[mark.daniel]

One of the best wealth building habits I've learned is ... don't go shopping for anything unless you have something specific I NEED, not just something I WANT.

[tcgtpl]

1. Continuously be learning
2. Being disciplined
3. Practice delayed gratification
4. Stay away from debt
5. Budget
6. Don't let food bust your budget
7. Be Generous

[lindadorman]

My best money habit was learning to cook. I'm a Le Cordon Bleu-trained chef so I can make whatever I want at home and can count on one hand the number of times I eat out or get food delivered in a year. When I was broke, my food budget was $100/month and I was the master of $1 meals.

[peternguyen]

Dentist here. I’m just happy we’re giving shout outs to dental hygiene

[kylepickrem]

Fast food and alcohol. It wasn’t until I took a look at my monthly statement to realize how much I was spending

[miriamO]

First of all, the person who edits the video needs a RAISE!! Such great cuts in there!!

I set a goal back in January to read 52 books this year. I finished book 52 at the end of July! I was telling my friends that it's no coincidence that setting that goal then bled into other areas of my life. Got a new job with a 39% paybump, made a plan to tackle baby step 2, and got elected to a position on a board of directors! Hopefully, I'll add millionaire to the list in a few years ;)

[pensacola]

I am a comfortable and high-net-worth retiree. We are quite frugal, but whenever traveling or eating out or the situation presents itself, I am a very generous with a tip.
I can afford it, it feels good, and it is the right thing to do. Do it.

[charleyluckey]

very pleasant and informative life. Increasing your income should always be our priority objective to enable a good retirement. passive income plays a vital role in getting rich that's why I always make sure to invest in others to earn that have paid off a lot

[jerrywipf]

Also avoid buying things on sale that you were never going to buy in the first place. Great video George, keep up the amazing work.

[Anthony-zwqb]

And paying CASH for your vacations. People at my work brag about going on 2, 3 vacations per year but they also brag about charging all the trips . I take 0 vacations or do staycations because I know I can’t afford it. I’d rather save up for an emergency first. These are the same people that can’t afford the repair bill when a major appliance goes down.

[TheMatadore]

I have a family of four, cook and eat 95% at home, no clue how you would ONLY spend $600. Meat and fruit (real food) is not that cheap

[aaronpickering]

The best line of the video, "I know its easier to uber eats your wontons, but if you want-tons of money, skip it" 😀 🤣😂

[Defy_Convention]

Shop around car insurance, phone service, and internet provider. I saved $148/month changing all 3.

[johnpowers]

Hi everyone, I'm a business owner. I've been looking for some guidance on how to invest my money wisely and plan for my retirement.

[MicahLoewen]

Where are people finding $400/month groceries? We buy nothing extraordinary at the store and spend minimum $800/month (2 person household)

[bohlingproject]

Did he really say "clurb!?" IN DA CLURB!

[trungdubais]

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

[genflores]

I was eating my money away😢 Fast food, coffee and entertainment 😢😢😢

[hillaryvasquez]

Thank you for the happy, serene, and humorous video! I truly am a millionaire, with a 7 figure net worth. Growing up, I studied the habits of millionaires in an effort to comprehend what influences their choice of financial strategies. I don't know who needs to hear this saving for a better investment is a great step to financial freedom you're saving a day off work

[josephang]

I remember a rich neighbor that used to give money to the community so the community helped her and supported her. It is a win-win to be generous with the community but you have to do it right.