Top 6 Millionaire Habits That You Wouldn't Believe

Let's talk about 6 millionaire habits that you wouldn't believe. If you want to know how to become a millionaire, then follow these habits of successful people. Some of these habits of millionaires just might shock you!
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Disclaimer: This video is for entertainment purposes only and this isn’t financial advice. Please seek professional and expert help before making any decisions with your finances.

#millionairemindset #millionairehabits #howtobecomeamillionaire #howtomakemoney

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[Pouncer_Fox]

#5, I think the reason why they spend more time researching investments is most likely because the portfolio by this point is much bigger, and therefore, much more prone to market forces than someone who is only starting out. Think about it. If you have a $1000 in the stock market, and the market moves 1%, that's only $10. However, if you have a million in the stock market, and it moves that same 1%, you are looking at a movement of $10k! With much more at stake, they indeed do tend to spend more time learning about investing.

However, I do not believe that they become much more tolerant to risk. Rather, I think it's the opposite, because there is much more to lose now that their portfolio have out outgrown their earned income. Typically what I see are people who have become millionaires and are trying not to lose what they have worked so hard to achieve so far. Capital preservation is the name of the game at this stage more than anything else, at least not until you reach perhaps past 10 million or so.

Of course, that is not to say that you will never meet millionaire risk-takers who literally became millionaires because they took big risks and it paid off. Certainly, there are those, but I would counter-argue that perhaps there are just as many, if not more so, who worked hard and slowly and surely built their millions without being completely reckless. Otherwise, as easily as one becomes a millionaire also means it's just as likely to lose their millionaires when the risks finally catches up to them and causes them to lose huge. Risk alone isn't what makes you money. Calculated risks and making smart decisions in life is what makes you money.

#4 is fine. I don't have any particular comments off the top of my head on this one.

#3 is absolutely true. You have to understand that the one thing literally no one, no matter how rich and how powerful can get more of essentially is more time. Death is only absolute certainty in life, and that time left until our passing is finite. As such, knowing that we can not buy more time, instead we use the wealth that we've built to "buy back" the time away from what we would have been forced to do with our time to work and pay bills, and instead we can now afford to use that same finite amount towards the things we want to do instead. At least for me, this reason alone is what makes wanting to be a millionaire so important. It's not actually because of wanting to reach any particular arbitrary money amount, but rather, calculating the amount of money required to "buy back" time, which sadly does require say around a million at least, especially when you consider how much more inflation has driven down the value of a dollar.

#2 is also absolutely true. I myself have been on the frugal movement for decades, and is literally the reason why I myself am a millionaire to this day. Think about it. There are plenty of lottery winners who have become instant millionaires overnight, and yet, within roughly 2 years, all of their money is gone. Why? When you have such a windfall, surely if done right, it would be trivial to stay a millionaire and perhaps even grow that into even more millions. No, frugality is absolutely essential. Unless you are just absolutely loaded, there is literally no way to become and stay a millionaire without some sense of your overall cashflow, and therefore, you must learn to be frugal in some way.

#1 is debatable. Although I myself no longer run on an air-tight budget, I am still very aware of it just because of knowing how to manage my own financial house for years and years. Therefore, budgeting is no longer necessary because of how I am able to keep track of my own cash flow in real time. However, I have known other millionaires that do run on a tight budget, and I have known other millionaires as well that do not and runs more like me. I think it also depends on how your financial house is set up.

[redbotbluebotmappingrobots]

Not sure how not budgeting will help make you rich lol people need to budget