Most people certainly crave a rich life with full of wealth. Even though money is not everything, living well enough makes life easier. So, can wealth be achieved even though your status is still an employee with a mediocre salary? Chris Hogan, through his book "Everyday Millionaires" reveals a number of the secrets of success from a number of the world's richest people.
To write the book, he surveyed 10,000 wealthy people and found that most of them weren't the spenders and jet-setters you see on television or social media.
"They are ordinary people who work hard. They are not flashy," he said.
Most of them accumulated their wealth over time by making wise decisions, according to Hogan. Then, what makes the billionaires of this world become rich?
1.Spend less money
Hogan said 94% of the millionaires he surveyed said they spend less than they earn. That percentage is much higher than the general population where only 55% of people spend less on their living expenses.
2. Make a budget
As many as 93% of billionaires also stick to a financial budget. They are not ashamed to make a budget, so that their spending is more focused and less wasteful.
3. Make a plan
The wealth they have does not happen overnight. According to Hogan, they are good at planning and investing. This well-crafted plan helped them escape the cycle of poverty, and so far it has been successful.
4. Stay in control of spending money
Hogan said this statistic was really surprising. 97% of the billionaires surveyed said they control their own destiny by controlling their spending, so they can save more.
5. View existing offers
Hogan says 93% of billionaires aren't shy about using coupons when they shop monthly. They even only have US $ 200 allotted meals at the restaurant per month. It can be said that they live frugally by cooking at home more often than eating at restaurants. They are also said to really appreciate the income they have received so far.
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