In their 1996 book The Millionaire Next Door, Thomas Stanley and William Danko outline seven characteristics of truly wealthy people. Surprisingly, those characteristics aren’t things like “inherited wealth,” “have a seven-figure salary,” or “are great investors.” Instead, many of them simply focus on developing better money habits that contribute to a financially sound lifestyle. But good habits are hard to stick with — it takes a great deal of discipline, motivation, and self-control to develop and follow through with them. We’ve talked a bit about good money habits in the past, but now we’ll focus on how you can develop those habits. These principles…
Read the full article: 8 Easy Steps for Building Better Money Habits
