Many millionaires also buy used cars. They also believe in reciprocity with other business owners and try to teach their children to adopt a frugal lifestyle by limiting large cash gifts or asset transfers. Based on their research, they summarized the secrets of millionaires' success into 8 rules. The rules include lifestyle decisions as well as financial ones and will be discussed one by one. Successful people generally have a positive attitude and take action to reach their goals.
Most millionaires are goal-oriented and organize their lives with the future in mind.
They also work very hard during at least part of their careers. Another characteristic of successful millionaires is that they leverage the awesome power of compound interest to grow their money. Most people simply don't earn enough to become wealthy without compounding. Many do without low-value items to save for things of higher value. They know that small savings here and there add up.