Rich habit #1

How to become a millionaire

Have you ever wondered how you can become rich? Live the incredible life of having an abundance of money? Have you ever thought, life is unfair? Because some get cash, and others don´t?

Well, the truth is everybody can be rich. Let´s free ourselves first of the #1 urban legend around millionaires.

#1: Millionaires have inherited their wealth

Well, this is true for some. Statistics say that only 12% of millionaires inherited their money. 88% are self-made.

The critical question here is: How did they do it? And can everybody do it? And actually, the answer is a big yes. The number #1 millionaire habit is a straightforward one. It is not complicated. It just takes consistency. And soon, you will have built your wealth.

Here it is Millionaires and millionaires in the making to spend less money than they make — every month. A maximum of 50% of their monthly income goes into rent and food. The remaining 50% is divided between savings and pleasure.

How much depends on two factors:

1. How quickly do you want to increase your wealth?
2. How much fun do you need in your life?

How does that work in reality? Let´s assume someone has a monthly salary of EUR 3,000…