“Money should never change one’s values… Making money is only a report card. It’s a way to tell how you’re doing.”― Thomas J. Stanley, The Millionaire Next Door
Contrary to the popular belief, a millionaire life is a modest life. Despite the stereotype of having glamor, glitz and flashy gadgets, in reality, millionaires are huge savers and live an intentional life. They prefer their money in bank accounts and investments, rather than showing it off.
Millionaires direct their funds to improving their business and seeking better investment and financial advice, rather than on irrelevant expenses. Even though they are frugal, they never compromise in the health and well-being of themselves and their loved ones.
We need to give more emphasis to financial independence than luxury. A prerequisite to spending smartly is to plan smartly. The secret formula to becoming a millionaire is to plan and structure your expenses and spend less than what you make. If you start thinking long-term and have a great plan in place, you too can become a millionaire!
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