Achieving financial prosperity is one of those pipedreams you dwell on when you’ve just paid off your monthly bills and you’re left with a fraction of a paycheck. Your instinct is probably to spend the rest to reward yourself for all of your hard work. But what if you went against your instincts, opting instead to stash away the difference for a rainy day? If you look at the lifestyles and habits of self-made millionaires — individuals who, at one point, faced the same financial difficulties as you and I — you’ll realize they often denied themselves momentary pleasures and luxuries to save for the future.
Indeed, fighting the urge to splurge is how many financially affluent individuals accrued their wealth. While it may seem difficult, hitting that seven-figure goal boils down to mindset and discipline. Self-made millionaires like Oprah Winfrey and former Starbucks CEO Howard Schultz, two individuals who truly came from nothing, developed frugal financial habits that influenced the way they lived. Over time, you can do the same, you just have to learn to save your money like a millionaire.
If you want to see how the most successful individuals save and spend their money, check out Wikibuy’s infographic below.