3 Tips for Developing the Financial Habits of a Millionaire (60-Second Video) Here's what to know to bring in the dough.

By Patrick Carone Feb 28, 2019

Share

Serious money is long-term money. Most wealthy people aim for their net worth to increase 8 to 10 percent per year on the amount of money they have working. They do not look for get-rich-quick schemes or easy money.
Be frugal. Wealthy people are cautious with their money and allocate funds carefully and with great deliberation -- millionaires never buy new when they can buy used.
Activate the "law of attraction." When you begin to save money and feel positive about your growing account, these emotions will imbue that money with an energy that will attract even more money into your life.

Get more great tips from the book Million Dollar Habits.

Patrick Carone

Entrepreneur Staff

Special Projects Director

Patrick Carone covers all aspects of entrepreneurship, specializing in the automotive, entertainment, hospitality, spirits and cannabis industries.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Entrepreneur Exclusives

3 Simple Ways to Boost E-Commerce Sales

Discover best practices for optimizing your website's user experience and SEO to grow your sales.

Why Your First 1,000 Customers Are Your Most Important

How do you take a product to market? Watch as VC Jesse Draper coaches a first-time founder, and explains how to do digital marketing on the cheap.

How to Grow Your Business By Finding New Customers

If you want to attract new customers, you can't just market to them. You need to start a conversation with them.

3 Stress-Busting Relaxation Exercises You Can Do Anywhere (60-Second Video)

Try the "4-7-8" method, a tense-and-release exercise or simply practicing gratitude.

Editor's Pick

3 Things Your Business Idea Must Have to Succeed — as Proven By Famous Harvard Business School Startups
This Couple Cashed in Their 401ks to Launch a Virtual Business — Here's How It Led to a 9-Figure Exit and Co-Owning 2 Professional Soccer Teams
The No. 1 State to Retire in Might Not Even Be on Your Radar, According to a New Report
12 Books That Self-Made Millionaires Swear By
These Are the Highest-Paying Side Hustles for a Single Day of Work
Use These 3 Steps to Find the Perfect Franchise Opportunity for You

Most Popular

Business News

Canva Is Going Viral For a Questionable Musical Performance at a Company Conference: 'Peak Cringe'

Canva Create took place in Los Angeles on May 23.

Business News

These Are the Highest Paying Jobs in Every U.S. State, According to a New Report

Certain states pay higher salaries for the same job.

By Sherin Shibu

Career

Is Consumer Services a Good Career Path for 2024? Here's the Verdict

Consumer services is a broad field with a variety of benefits and drawbacks. Here's what you should consider before choosing it as a career path.

By Entrepreneur Staff

Business News

T-Mobile Acquires USCellular in $4.4 Billion Deal: 'Even More Consumers Will Benefit'

The deal was announced on Tuesday.

Business News

'Creators Left So Much Money on the Table': Kickstarter's CEO Reveals the Story Behind the Company's Biggest Changes in 15 Years

In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.

By Sherin Shibu

Business Ideas

87 Service Business Ideas to Start Today

Get started in this growing industry, with options that range from IT consulting to childcare.

By Guen Sublette