LIFESTYLE

Money habits of millionaires

By Apurva P

1

They avoid debts

Millionaires avoids debt as much as possible and pays off loans on time to accumulate wealth.

2

They keep a budget

Making a budget is the first step in accumulating wealth. They prioritize budgeting and closely monitor their income and expenses.

3

They are knowledge seekers

Constantly seeking knowledge, they stay updated on market trends and consult financial advisors for significant decisions.

4

They take tax deductions seriously

Utilizing tax-saving options, they reduce their overall tax liability through investments and charitable donations.

5

They prioritize investments

Millionaires leverage their resources by constructing a diversified portfolio, balancing investments and savings to grow their wealth.

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