Home » Finance » Personal Finance

The Million Dollar Habit

Aug 17, 2007
A million dollars is a huge amount of money to throw away, yet every day many people do just that, throwing away the opportunity to be a millionaire in the daily financial decisions we all have to make. Without realizing it, they have a million dollar habit.

"Hang on" I hear you say, "I never had a million dollars to lose - nor have any of my friends". That is probably true, but every day many people spend money on things they do not really need or want. Often such spending is simply habitual, the speciality coffee, sodas, candy or the regular meals out. Other times it is a more compulsive habit such as smoking, drinking or even excessive shopping.

One dollar, given enough time and the magic of compound interest will grow into a million dollars. By simply modifying a few behaviors or habits and investing the money that can be saved, virtually anyone has the ability to be a millionaire in their own lifetime. Naturally, the more you are able to save the quicker the process works. All that is needed is the genuine desire to start building your financial future and the inner strength to break those expensive habits.

This process is NOT about scrimping and saving, forgoing life's pleasures simply to achieve a million dollars sometime in the future. Life is for living now. The point is that when you spend money on things that advance you in life or lift you spiritually the money is doing its job, but if you spend on things you don't really want or need, it diminishes you financially. Money saved by breaking such spending habits can be set to work, earning money for you.

By consistently saving the money that would otherwise have been spent on such habits, it is often enough to make a millionaire! The great thing is, nothing has really changed. You still earn the same, you still buy the things you need and want - you have simply eliminated the habits that caused you to throw your money away on things you never really wanted anyway.

The real power of this is not just the money, it is the financial freedom it buys you. A person with savings has choices. You may choose to wait for the million dollars to accumulate in your bank account or you may choose after a few years to spend $250,000.00 to follow a dream. The value of that choice - priceless.
About the Author
Use the Million Dollar Habit Calculator to see if you have a Million Dollar Habit at "The Money Secrets Website". http://www.moneydebtmortgage.com/money/million-dollar-habit.htm

G. Symond is a successful author and writer on positive thinking and financial success techniques.
Rating:
Please Rate:
(Average: Not rated)
Views: 148
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources