You always hear millionaires telling you to read more books, buy less Starbucks, save your money, save for a rainy day, but is that actually really good advice to become a millionaire? In today's video I'm going to be going over some habits that I started when I first got into investing that got me to where I am today.

1. Know what market you are investing in
Whether it's real estate, stocks or crypto, you need to know what you're investing in. The wealthiest people are the ones who become an expert in a certain niche and go full speed in that direction. You want to make sure that you take enough time to learn what you're investing in, but you also want to make sure that you aren't spending too much time "learning" that you don't end up investing.

2. Invest Long Term
If you want to become really wealthy, invest long term as soon as possible. Whether its stocks, crypto or real estate as long as it is a solid investment, you will make money in the long run no matter what the situation is. There will be more wars, more viruses, and more catastrophes, but as long as the world doesn't explode you will make a ton of money in the long run.

3. Invest NOW
The best time to invest is NOW. Stop waiting for the perfect pull back or the perfect dip in the stock market. Find a deal and get in it. Stop trying to time the market and focus on your time IN the market.

4. Invest Consistently
Investing consistently, especially in stocks is the best way to profit. By dollar cost averaging you are letting the compound gains really rack up. The key is to invest as early as possible and as often as possible so that overtime your profits compound.

5. Think BIGGER
Most people focus on how they can lower expenses in their life and yes, being frugal can be good, but if your main focus is to always cut down your expenses, you will only focus on shrinking your lifestyle rather than finding ways to grow it. Instead of skipping your daily Starbucks so you can save $7.00 a day, figure out how you can MAKE an extra $7.00 a day.

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