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Take control of your financial life with some great habits

Posted on 5/2/26 at 9:16 am
Posted by Everyday Is Saturday
Member since Dec 2025
1532 posts
Posted on 5/2/26 at 9:16 am
LINK

Posting on OT (vs. MT) because recent trend of OT posts regarding "life is tough". Life IS tough. Hang in there! And take control of your future that many people can (should) do.

Do (action plan) > Done to you mindset

Here are 5 financial habits that most people can do in some form that will give you greater control, if not lead you to full financial independence.

The 5 Daily Habits That Quietly Create Millionaires

02:01 Habit #1: They Save Aggressively (Consistency Beats Perfection)

05:55 Habit #2: They Invest Early and Continuously (Every Dollar Has a Job)

08:55 Habit #3: They Maximize Tax-Advantaged Accounts (401(k), IRA, HSA Strategy)

11:42 Habit #4: They Control the Big Expenses (Housing, Cars, Lifestyle Inflation)

14:22 Habit #5: They Stay Invested for Decades (Time in the Market Wins)

17:18 Bonus: What Millionaires Do NOT Have in Common

17:30 Myth #1: Millionaires Don’t All Earn Ultra-High Incomes
17:42 Myth #2: Millionaires Don’t Have Perfect Market Timing
17:55 Myth #3: Millionaires Don’t Use Exotic or Risky Investments
18:07 Myth #4: Millionaires Didn’t Start With Financial Advisors



Posted by Horsemeat
2025 Contributor Of The Year
Member since Dec 2014
15495 posts
Posted on 5/2/26 at 9:23 am to
Buy a share of two of $FDVV every week.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52525 posts
Posted on 5/2/26 at 9:28 am to
quote:

Buy a share of two of $FDVV every week.


You looking for income?
Posted by nicholastiger
Member since Jan 2004
55933 posts
Posted on 5/2/26 at 9:28 am to
I’m all in on bit coin
Ride or die
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36096 posts
Posted on 5/2/26 at 9:30 am to
quote:

I’m all in on bit coin



HODL
Posted by BestBanker
Member since Nov 2011
19450 posts
Posted on 5/2/26 at 9:34 am to
Thanks, Erin.
Posted by lynxcat
Member since Jan 2008
25188 posts
Posted on 5/2/26 at 9:35 am to
Building wealth is not necessarily difficult but it requires discipline. Most people do not have discipline to stick to something for decades. It’s a mindset.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
74839 posts
Posted on 5/2/26 at 9:37 am to
quote:

Most people do not have discipline to stick to something for decades.
Alcoholics, fatties and smokers might refute your thesis.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45934 posts
Posted on 5/2/26 at 9:37 am to
My #1 habit is make 7 figs a year
Posted by TheDrunkenTigah
Baton Rouge
Member since Aug 2011
18245 posts
Posted on 5/2/26 at 9:43 am to
Invest and don’t live above your means?

Really groundbreaking stuff here.
Posted by ponyman
Member since Nov 2019
505 posts
Posted on 5/2/26 at 10:08 am to
You forgot to mention purchasing and holding physical gold and silver.
Posted by Everyday Is Saturday
Member since Dec 2025
1532 posts
Posted on 5/2/26 at 10:12 am to
quote:

My #1 habit is make 7 figs a year


What you earn

vs

What you have (wealth)

Are often WORLD's APART! There is a McLaren (not mine) parked next to my Toyota as I type. I am almost certain that car owner earns a lot of money and does not have / will not have a liquid $ to his name (now and in the future) and is likely floating in ocean of debt.

Build the wealth! Earnings help. But are 2ndary, if not tertiary.
This post was edited on 5/2/26 at 10:25 am
Posted by Everyday Is Saturday
Member since Dec 2025
1532 posts
Posted on 5/2/26 at 10:15 am to
quote:

You forgot to mention purchasing and holding physical gold and silver.


You mean did not.

Cash-generating assets are what is mentioned for good reason.

Gold/Silver are nice hedge features. They do not generate cash that is compounded, NOT building wealth over long haul.

This post was edited on 5/2/26 at 10:17 am
Posted by Everyday Is Saturday
Member since Dec 2025
1532 posts
Posted on 5/2/26 at 10:21 am to
quote:

Really groundbreaking stuff here.


Income - Investing = Expenses
Over time, regularly, disciplined
Cash-generating assets
Controlling expenses (home/lifestyle)

Like calories in / out to beach bod.

Discipline is not groundbreaking at all. Never has been.

Hope you were not looking for GLP-1 for millionaires! Kidding.


This post was edited on 5/2/26 at 10:22 am
Posted by GreatLakesTiger24
Member since May 2012
60662 posts
Posted on 5/2/26 at 10:26 am to
quote:

I am almost certain that car owner earns a lot of money and does not have / will not have a liquid $ to his name (now and in the future) and is likely floating in ocean of debt.
why?
Posted by billjamin
Houston
Member since Jun 2019
18032 posts
Posted on 5/2/26 at 10:28 am to
Habit #1 - be born rich
Posted by BrianKellysbuyout
Member since Nov 2025
1615 posts
Posted on 5/2/26 at 10:28 am to
My wife makes tons of money. She is going to die broke because not only does she do none of this, she's on the opposite end of the spectrum.
Posted by TigrrrDad
Member since Oct 2016
8109 posts
Posted on 5/2/26 at 10:36 am to
quote:

Build the wealth!


For what? So you can sit around and count your money when you’re too old to enjoy it?

Spend, spend, spend. Maximize life and enjoy every minute to the fullest. Youth is our greatest commodity but it doesn’t last forever.
Posted by RunningJacket
Member since Dec 2008
904 posts
Posted on 5/2/26 at 10:43 am to
My 23 year old twins graduated college a year ago. Both with just below six figures starting positions in professional careers (their 1 year pay raise should take them over 6 figs). And they were raised with all the points of the OP and are living well below their means even in Atlanta. Aggressively dumping the max into their Roth 401K’s, saving cash for future vehicles/home, etc. The goal is to retire in their 50’s. It is easily doable as many of us have done the same thing.

That a loud group whines about our system because they did none of the OP’s habits means nothing. They are the kids who never practiced then complain because they didn’t make the cheerleading or basketball team. We live in the easiest country in the world to be successful which is why first generation immigrants are running businesses all over our towns while many of our own citizens are whining with their hands out.

Follow the ops list and you’ll have a great life.
Posted by Everyday Is Saturday
Member since Dec 2025
1532 posts
Posted on 5/2/26 at 10:44 am to
quote:

I am almost certain that car owner earns a lot of money and does not have / will not have a liquid $ to his name (now and in the future) and is likely floating in ocean of debt.?


quote:

Why?


Because I’ve also seen his wife, her car, purse, and injections.
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