Thousands of people ask themselves every day how to have easy money and, according to an expert on the subject, there is no easy way to be a millionaire. Specialist Thomas Corley, a best-selling author who has studied the habits of more than 200 millionaires in the United States, revealed what behaviors will help you build your wealth right from the start.
What are the habits to be a millionaire?
1-Sleep at least seven hours
The first of the habits What we must comply with to the letter is to respect rest. Otherwise, the brain will not function as it should. In addition, we must wake up early to start solving all our daily tasks.
2- Save
For logical reasons, if we want to grow our money We must start saving. The expert recommends saving at least 20% of income and investing it consistently, intelligently and prudently, knowing all the pros and cons of the place where we are about to deposit the money.
3-Plan
Thinking about the future and planning for the long term is one of the habits common among millionaires. Corley points out that rich people often brainstorm with themselves to project where they want to go and the lifestyle they want.
4-Spend less than you earn
In addition to saving 20% of the monthly money, if we seek to grow our wealth We must understand the need to spend less than we earn. The best situation is when expenses do not exceed income because otherwise, you have to go into debt.
5- Live a simple life
In line with the above, among the habits that millionaires repeat, we find a revealing fact: they do not live beyond their means because they do not believe that wealth attracts more wealth. They also control their expenses and whims.
6- Maintain an emergency fund
In addition to saving to invest, you must have a separate savings, a money available for those difficult times where there is no other option, that is, an emergency fund. This will allow us, in case of emergency, to turn to it and not to savings to project our future.
7-Study constantly
Learning new things or maintaining knowledge is crucial to continue moving forward in life and knowing how to move money to increase the wealth. Is from the habits essential, according to the expert. Corley even claims that 88% of the rich spend at least 30 minutes reading each day, especially biographies of successful people, self-help or personal development books.