Most millionaires put significant time and money into growing their wealth. But, Stanley found that millionaires tend to also have help with their financial decisions.<\/p>\n\n\n\n

They tend to\u00a0choose financial advisors and planners\u00a0like they would employees. “Your ability to hire high-grade financial advisors is directly related to your propensity to build wealth,” Stanley writes.<\/p>\n\n\n\n

Millionaires tend to own their own homes; according to Stanley’s research, just 3% of millionaires are renters. Millionaires tend to live in homes that are below their means, too, where they find it easy to live a comfortable lifestyle without overspending. <\/p>\n\n\n\n

These home-owning millionaires also live in their homes for many years, and Stanley says that’s a part of their strategy. After living there for a long time, they’re able to see large gains in their homes’ value. <\/p>\n\n\n\n

4. They invest a higher percentage of their income than the typical person<\/h2>\n\n\n\n

Stanley found that the average millionaire\u00a0invests\u00a020% of their income each year. Among non-millionaires, that figure is much less \u2014 48% of Americans save less than 10% of their income each year, and investments are only part of that figure, according to data from\u00a0Bankrate.\u00a0<\/p>\n\n\n\n

Millionaires tend to\u00a0invest more of their income\u00a0than the typical person, and Stanley notes that’s likely how they achieved their status in the first place.<\/p>\n\n\n\n

5. They drive cheap cars<\/h2>\n\n\n\n

Most millionaires surveyed drive used, American-made cars. Rarely do millionaires who are good with money lease new cars, nor buy luxury cars. In his research, Stanley found that “50% of the millionaires we surveyed never spent more than $29,000 in their entire lives for a motor vehicle.” <\/p>\n\n\n\n

6. They’re always on the hunt for a deal<\/h2>\n\n\n\n

Most everyday millionaires aren’t big spenders. They’re often driving affordable cars, living in affordable homes, and wearing items they bought on sale, and the same typically goes for their partners. <\/p>\n\n\n\n

According to Stanley’s research, few millionaires actually spend on expensive things. Rather, they opt for quality over quantity, and look for deals.<\/p>\n","protected":false},"excerpt":{"rendered":"

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