There are about 35 million millionaires in the world, and not surprisingly, the number keeps increasing every year. One point this fact is proving is that it’s possible you become one, too!

What’s shocking is that some habits are very common to millionaires, every one of them. One out of their many habits is that they are habitual risk takers. They take chances. Some chances do pay off and some don’t. However, notwithstanding, they keep taking chances.

It’s very rare you become a millionaire overnight. The journey to becoming a millionaire takes time and more importantly, requires hard work. Nonetheless, it’s a dream that is very achievable following these frugal habits.

1. Spend Below Your Means

If you want to become a millionaire, you had better know the best decision to make when it comes to purchasing luxurious items. Do you honestly need to buy a mansion or have a luxurious car in your garage? Of course, having status items like these are enjoyable, but the incredibly rich, instead, ignore luxury to extend their wealth. You will want to follow this habit if you desire to become a millionaire.

2. Stop Paying Full Price

The wealthy use more coupons than the poor. Amazed? The real millionaires rarely shop in luxury stores such as Brook Brothers or Tiffany & Co. Instead, you see them buy at Target, Home Depot, and Walmart. The reason why they do this is simple. They don’t like paying full price. You will need to start doing this too.

However, it doesn’t mean you should start buying crappy things. You can buy nice things, but not at full price. Buying on craigslist and eBay will save you more, also.

3. Chop out unnecessary expenses

Cutting off unnecessary expenses will eventually add up over time. There are a couple of ways of doing this. For instance, why not use a cost-saving alternative to sending or receiving funds instead of the electronic means which incur additional withdrawal or transaction fee? On a broader scale, you need to track your monthly expenses by creating a monthly budget. A monthly budget will help you know what your expenses are for each month. Inevitably, you will get to know that you don’t need most of what you spend on.

4. Sell or Rent your Present Possessions

To make some quick income, you can rent or sell the possessions you aren’t using. Your unused parking space, office, or even tools don’t have to pack dust. Selling junks like clothes you are no more wearing online via sites such as eBay, Craigslist, and Amazon, or offline by hosting a closet party will bring in some cash.

Read Full: http://www.scholarsglobe.com/2016/07/8-frugal-habits-that-will-turn-you-into.html

Apart from numbers 1 and 3, are others for Nigerians too?

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why not

Nice one,

Hmmm. Nice write up, please is it with d way everything is going rigth now in nigeria? No market costomers are pricing things below the cost price if not, i for don hammer te te. Oluwa is involve.

Just Marry dangotes' s Daughter....... thank me later

Ok

haha you guys are funny

Mtchew

Then they r stingy to themselves......

leave it or take it, thats the secret to success.

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