If you're in your 20s, Commit to these money habits, to become a millionaire in your 30s:
1. Pay Yourself First
Nearly 40% of Americans have $0 in savings. Why you need to pay yourself first:
- Peace of mind
-Financial stability
- Decreased spending
- Build emergency savings
- Increase your retirement savings
"Invest today for a better tomorrow."
2. Avoid Lifestyle Creep
Never allow lifestyle creep to eat away at your wealth. As you earn more money, save more money.
You will be tempted to spend more money because you can, but don't allow your mind to trick you.
"Control your expenses before they control you."
3. Build Multiple Streams of Income
If you've ever heard of the saying: "Don't put your eggs in 1 basket." Then you know that you shouldn't rely on just one income source.
"Start building multiple income streams today."
4. Prioritize Health
76% of millionaires exercise and care for their health daily. Practice these habits:
- Exercise -
- Meditate
- Drink water
- Eat healthily
- Avoid negativity
"You can't enjoy your wealth if you're in bad health."
5. Eliminate Bad Debt
47% of American adults carry credit card debt. Why credit card debt is bad:
- Increased stress
- Lowers credit score
- Decreased cash flow
- Pay extra fees & charges
"If you carry credit card debt, you're robbing your future self."
6. Invest
Inflation will nibble away at your money's purchasing power.
Don't stash your cash. Invest in:
-Your health
-Your network
-Your business
- Your education
"Invest consistently and you'll see results."
7. Control Your Thoughts & Emotions
94% of the wealthy filter their emotions. Here's how you win:
- Remove emotions
- Understand the situation
- Analyze the potential outcomes
"Control your emotions before they control
you."
8. Adopt Delayed Gratification
Give up a little today for a better tomorrow. Why delayed gratification works:
- Self-control
- Higher-income
- Improved savings
- Increased fulfillment
- Increased emotional health
"To be a millionaire, think like a millionaire."