8 Easy Steps for Building Better Money Habits


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…

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