Make sure that the needs of your loved ones are taken care of no matter what happens to you.
Warren Buffet, the third richest man in the world bought his first investment stock when he was 11. And he also still lives in his humble home in Omaha, Nebraska.
So while you think you can buy everything, a true millionaire only spends on things they need and not what they can afford.
Walt Disney once said, “I don't make pictures (movies) just to make money. I make money to make more pictures (movies).”
It is not all about money, it is about making use of money to create better things.
So invest on a hobby that you can be great at or something that you are passionate about.
Abby Watabe is the Filipino-Japanese owner of the luxury karaoke chain Karaoke Kan, made famous by Sophia Coppola’s 2003 film Lost In Translation. Her rags-to riches story is similar to the classic Cinderella fairy-tale. But she did not reach her millionaire status just by being the beautiful wife of a businessman, she did so by learning and managing the business on her own.
Did we mention that her business has now 135 branches all over Japan?
NO, IT’S NOT A LUCKY LOTTO COMBINATION BUT YOUR BUDGET SPLIT GUIDE WHERE:
50% covers all your fixed costs likes bills and expenses,
20% goes to your savings, investment fund, emergency fund or retirement money and
30% is used for your daily living expenses.
A simpler version where 20% of your savings is deducted from your income. All the rest are for your financial expenses.