Everyone wants to be a millionaire. It’s the benchmark of success for many people in the world. However, not everyone knows the secrets to building wealth and sustaining it. Here are 9 secrets millionaires know about building wealth.
1) The make long-term investments
The majority of millionaires got there by going slow. Get-rich-quick schemes and winning the lottery are never successful models for growing real wealth. Millionaires know that doing the simple things like taking full advantage of their company’s 401K matching program, contributing monthly to a mutual fund, and building up an IRA account, won’t get them rich in six months but will pay off tremendously over the course of twenty to thirty years.
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