15 Ways Millionaires Manage Their Money That Make Them Richer

Millionaires know their strengths and weaknesses. Instead of spending the time and money to fix their weaknesses – they ask for help – especially when it comes to money management. Just because they built a social network or gadget, doesn’t mean that they know how to invest or save their money. They ask a financial advisor or accountant for help.

Related: 5 Things Millionaires Do That Most People Don’t
14. Educate themselves.

Formal education is not a prerequisite for millionaires. Bill Gates, Mark Zuckerberg, and Amancio Ortega all earned their fortunes without obtaining a college degree. is well known for bragging about not having a formal education, yet he will be the first to tell you about self-education – Lopez reads approximately a book a day. Like most wealthy individuals, each of these have used their specialized knowledge and continue to learn how to become more successful through self-education.
15. Run the numbers before making a decision.

I’m not talking about doing mathematical equations that you did back in your trigonometry class. Just basic addition, subtraction, multiplication, and division before making any financial decisions. For example, if you have an older vehicle that needs some repairs, a millionaire would compare the costs of repairing the car to purchasing a new vehicle. Then, the decision will be based on whatever’s more cost-effective.

 

Source: 15 Ways Millionaires Manage Their Money That Make Them Richer

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