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Millionaire | 16 Expensive Habits of Becoming a Self Made Millionaire You need to Know



Millionaire Mindset

The difference between a rich and a poor is how they use their time. Here are 16 Expensive Habits of Becoming a Self Made Millionaire that everyone who is not yet a Millionaire needs to know.

1. Get up Early

Nearly 50 percent of the millionaires got out of bed at least three hours before their workday actually started. Many of them use the free time to tackle personal projects, plan their day, or make time for exercise.

Getting up at five in the morning to tackle the top there things you want to accomplish in your day allows you to regain control of your life “he writes. “it gives you a sense of confidence that you, indeed direct your life.

2. Spend 15 to 30 minutes each day on focused thinking

Many of the millionaires say that they make time to process everything that is going on in their lives. The rich tend to think in isolation, in the mornings, “he writes” “and for at least 15 minutes every day. Often they will reflect on their career, health and their personal relationships.

Having quiet time to analyze your thoughts is associated with stress reduction. Intact, taking two minutes at work to focus on nothing but your breathe will help you relax.

Millionaire | 16 Expensive Habits of Becoming a Self Made Millionaire You need to Know 1

3. Read A lot

A whopping 88 percent of the millionaires say that they devote 30 minutes or more each day to education or self-improvement through reading. Most do not read for entertainment they prefer biographies, history, and self help books. If you enjoy a good novel, that can help you boost your career. “There are important life lessons to be learned in biographies of people with rag-to-riches stories”. Legendary investors and self made millionaires.

Warren buffet says that reading has been the most crucial habit he’s developed
I started being successful in business by actually buying and reading e-books of top successful people and business genius and that what boosted my business to a higher level.

Millionaire | 16 Expensive Habits of Becoming a Self Made Millionaire You need to Know 2

4. Spend time with people who inspire

You are only as successful as those you frequently associate with. If you don’t have highly-motivated people in your personal network yet, fear not Self-made millionaires volunteer, which is a great way to meet other positive, motivated individuals.

You could also join groups for people who share your same career or personal interests. Then develop the relationship by keeping in touch. And be choosy about who you spend your time with. Successful people also make a point to limit their exposure to toxic, negative people.

5. Pursue your own goals

Most millionaires plan to get rich and then make it happen. 80% of the wealthy are “obsessed with pursing goals”. They refer to both daily and long term goals regularly. I am here to tell you to avoid putting your ladder to someone else’s wall and then spending the best years of your life climbing it”. Find your own wall, your own dreams, and your goals and pursue them.

6. Get enough sleep

For the fact your on your way to becoming a millionaire doesn’t mean you need to over work your self, brain or body. Albert Einstein reportedly preferred to get at least ten hours sleep a night.

The fact is that, you function best when you are well rested, you have some good news. An overwhelming 89% of self-made millionaires sleep 7 to 8 hours each night or more. Sleep is critical to success, citing It effects on memory function and creative thinking.

7. Avoid time wasters

Money is not only important resource for wealthy people. Time is crucial too. When we invest our time in anything, it is lost forever. Be choosy about the apps you spend your time with, too, instead of spending your hours on end watching Netflix or scrolling through instagram.

When you see time as the greatest risk of all, it will force you to become more aware of exactly how to invest your time.

Millionaire Frugal Lifestyle

8. Frugality

I have been studying the daily habits of the rich and poor since 2004, I have gathered an enormous amount of data on both groups. 67% of the rich in my study said they were frugal. To them, frugal meant spending money wisely.

It means buying quality items or services at bargain prices. Most of the wealthy in my study were raised by poor parents or middle-class parents who made a point instilling in them good habits.

Being currently my personal lifestyle I must admit, it quite obvious that most people view it in a different way being frugal doesn’t mean you have to wear torn clothes or not wear quality cloths just because you don’t want to spend money, being frugal means looking for value and quality.

Here are 45 frugal lifestyle ideas to practice that can turn you into a self-made millionaires

9. Avoid Lifestyle Creep\

Definition of lifestyle creep: it means increasing your standard of living in order to match your increased income. It is a common poor habit among many who suddenly find themselves making more money.

The rich habit is to forgo the desire to spend your money today and, instead, sock it away into savings and investments that grow in value and provide financial resources that can be used in the future to maintain your standard of living.

Once you spend your money, it’s gone. When you hit a hump in the road, such as a job loss, you are then forced to sell your stuff. If the stuff you purchased depreciated in value, you get pennies on the dollar.

One of my older and wealthier friends explained to me his rule for financial success. Same house, same spouse, same car, there is a lot of wisdom in these words. What they really mean is that no matter what good fortune visits you in life, do not change your standard of living.

Don’t supersize your life by buying things you really do not need. I live a modest life and forge the Rich Habit of Delayed Gratification putting off what you want today so that you can have something to fail back on in the future, you have to keep your focus on building wealth if really you want to be a millionaire.

Here are my 6 Golden rule of building wealth you should know


10. Think Big

Few people are surprised when they make their first million. After all, it doesn’t come easily. But long before reaching their goal, millionaires know they want to get there. Rather than looking forward to an annual 3% raise, millionaires dream of working for themselves. Rather than serving 100 customers, millionaires see tens of thousands of accounts.

Here are top 30 business idea you can start up that requires little investment.


11. Have a mentor

Most of the self made millionaires had a mentor who helped their growth. Mentors are there to teach you what to do and what to avoid so you don’t waste time on ventures that are not going to be fruitful.

Because they have already done what you are going to do, they will show you how to achieve your goals. The right mentor can help you and your business grow to new levels beyond your imagination.

Mentors will inspire and motivate you towards accomplishing business success. And help you set your goals. They will tell you how to avoid mistakes they have already made.

Mentors also know the best connection for you, to help your business grow. There you have it. The daily habit of the rich are what got them where they planned to go.

They know it foolish to waste time doing unproductive tasks. Therefore, they do the opposite. They embrace positivity and self-development habits to make them more successful and richer.

Mitrobe won’t have been a reality and would not have gone this far, if I had not had the right mentor, all thanks goes to the founder of for being a good mentor, who has lifted mitrobe and gave her the right connection and tutorials.

12. Meditate

We talk about our physical health all the time, but mental health is just as (if not more) important for the self-made millionaires. Lately, people have become more aware of the benefits that sitting and cleaning your mind can bring, including improving memory and dealing with stress.

Millionaires are no different in-fact, Twitter CEO Jack Dorsey wakes up at each day to meditate. If you have never meditated before, try just taking a few deep, calming breaths in the morning to help set the stage for your day. You can reap the benefits of mindfulness meditation in just five minutes daily.

13. Step outside your comfort zone

Millionaires don’t isolate themselves or stay in comfort zone. They know that the only way to thrive is to be stretched beyond their boundaries. Once you start questioning the world around you, you will see opportunities you would not have otherwise noticed.

Don’t allow yourself to become complacement. Do things that scare you a little and don’t be afraid to fail, stand up for yourself, push yourself in a new ways, and see how challenging yourself opens up new business possibilities.

14. Millionaires Use dreams to set goals

Before millionaires identify goals, they do something that “dream setting”. They write down what their ideal life would look like, then use this script to create a bullet point list of dreams.

And the truth of the matter is if you are not writing down your goals your not taking note or action on them. Goals are built around each wish or dream to come true? Am I capable of performing those activities? And do I have the necessary skills and knowledge? Then take action.

Here are top skills set every millionaire tends to have that you should have also

15. Millionaires Control their emotion

Not every thought needs to come out of your mouth. Not every emotion needs to be expressed. When you say whatever is on your mind, you risk hurting others. loose lips are a habit for 69% of those who struggle financially.

Conversely, 94% of millionaires filter their emotions. They understand that letting emotions control them can destroy relationships at work and at home. Wait to say what is on your mind until you are calm and have had time to look at the situation objectively.

Millionaire have conditioned their minds to overcome these thoughts, while those who struggle financially give in to fear and allow it to hold them back. Whether you fear change, making mistakes, taking risks or simply failure, conquering these emotions is about letting in just a little until you build up confidence. It is amazing how much confidence helps.

Real estate

16 Investment (the Millionaires Wealth Generator

I wont be afraid to say that all millionaires are investors, though not all started investing before they turn out to become a millionaire, but as soon as they acquire more wealth and revenue, they go into investing. Why?

Because, investing is a way of making money work for you, Millionaire never fail to invest, either in Forex, real estate, creating revenues, infrastructure, buying of shares in company, and other possible ways.

Are you thinking of Investing the Millionaire ways. Then check this out

  • Education in Real Estate
  • This is how Millionaires Get double Profit back in Real Estate Investment
  • Top Investors Real Estate Investment Strategy for 2019
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    Business ideas

    Aliko Dangote | why you should start a business




    Aliko Dangote

    “I built a conglomerate and emerged the richest black man in the world in 2008 but it didn’t happen overnight.

    It took me 30 years to get to where I am today. Youths of today aspire to be like me but they want to achieve it overnight.

    It’s not going to work. To build a successful business, you must start small and dream big.

    In the journey of entreprenuership, TENACITY OF PURPOSE IS SUPREME” (Aliko Dangote. Businessman and Entreprenuer)

    Why you should start a business | Aliko Dangote

    These principals are documented to give you the reader an insight on how every day

    business can be conducted to keep your business flourishing.

    This is a way of bringing you basic business information to your finger tips.

    According to research majority of millionaires and billionaires are selfmade

    and have made it through creating or being part of a business.

    If you have already decided that you want to start a business of that one thing you are very passionate about,

    then consider the fact that with starting this business you need to understand

    that businesses take a lot of commitment, dedication, hard work and constant evaluation in order to flourish.

    Do not expect to get financially wealthy overnight.

    Below are a few reasons to start a business.


    Reasons for Starting a Business

    1. Reach your Dreams

    If you have always wanted to be wildly successful, starting your own business could be a great start.

    and if you are stuck of business ideas, check this 30 Profitable businesss ideas with low investment startup

    2. Leave an Inheritance

    Pass the business down to your children and grandchildren.

    3. Abundance of Resources

    With the dominance of the Internet, it’s easier than ever to find resources you need, including loans, grants, mentors and even startup capital.

    Don’t make excuses, that you have no capital, take a look at how to raise capital for your business.

    4. There’s Nothing Stopping You

    What’s really keeping you from being an entrepreneur?

    Of course there are risks, but there’s nothing forcing you not to take them.

    5. Make the World a Better Place

    This may seem like an unrealistic goal for you right now, but your business really could make the world a better place.

    Benefits of Operating a Business

    Millionaire Mindset

    There can be many benefits to starting your own business, including

    1. Rewards

    Not everyone defines reward the same way.

    For some it might be seeing a new venture grow and succeed.

    For others it may be conquering the unknown and striking out on their own.

    However you define reward, starting a new company might hold that promise for you.

    2. Being Your Own Boss.

    When you start a business and are self-employed, you are your own boss and ultimately control your own destiny.

    Income. Whether you view starting a business as an economic necessity or a way to make some additional income,T

    you might find it generates a new source of income,

    not to get your business in a nutshell, check out how to generate money making ideas for your business.

    3. Flexible hours

    Owning your own business is hard work and often requires long, odd hours.

    In some cases, having your own business may allow you to have more flexible hours.

    Many stay-at-home parents, for example, choose to become entrepreneurs.

    4. Purchasing an existing business

    While it may not be viewed as “starting” a business,

    purchasing an existing business has proven beneficial for many business owners—but it undoubtedly requires both financial and time investments.

    For businesses that are already profitable,

    these new business owners jump past the true startup phase into running a mature business.

    5. Income

    Whether you view starting a business as an economic necessity or a way to make some additional income,

    you might find it generates a new source of income.

    Challenges of Operating a Business


    Although there can be many benefits to starting your own business,

    you will also face challenges and some of these are:

    1. Loneliness

    It’s a rarely mentioned problem of entrepreneurship, and many new business owners aren’t prepared for it until it happens.

    Being an entrepreneur is lonely . It’s a singular position,

    so you won’t have teammates to rely on (completely).

    You’ll be working lots of hours, so you won’t see your family as often.

    And your employees will be forced to remain at a bit of a distance

    2. Decision making

    Believe it or not, this is probably the most stressful challenge on this list.

    New entrepreneurs are forced to make hundreds of decisions a day, from big, company-impacting decisions, to tiny, hour-affecting ones.

    Decision fatigue is a real phenomenon , and most new entrepreneurs will experience it if they aren’t prepared for the new level of stress.

    3. Being the Visionary

    As the founder of your startup, you’ll be expected to come up with the ideas.

    When a competitor emerges, it will be your responsibility to come up with a response plan.

    When your team hits an impenetrable obstacle, your job will be to come up with an alternative plan to move forward.

    This demands on-the-spot creative thinking — which should be an oxymoron, but entrepreneurs rarely have the luxury of time.

    The less experience you have, the more pressure you’ll feel from this, and the harder time you’ll have coming up with acceptable plans.

    4. Rule Making.

    It’s fun to be the boss until you have to enforce something.

    Sooner or later, you’ll have to come up with the rules your business follows,

    from how many vacation days your workers get to what the proper protocol is when filing a complaint about a coworker.

    These details aren’t fun to create, and they aren’t fun to think about, but they are necessary for every business

    5. Abandoning another career

    Aliko Dangote said you’re going to dedicate yourself to starting and nurturing a business to success,

    it’s going to be nearly impossible to simultaneously manage another career.

    Walking away from a promising, steady long-term opportunity for something unpredictable is scary —

    especially if you’ve never run a business before.

    Unfortunately, there’s no easy way to address this.

    Just think through your decision logically, and don’t ignore your instincts.

    6. Team Building

    This is especially hard if you’ve never run or managed a team before,

    but even if you have management experience, picking the right team for a startup is stressful and difficult.

    It’s not enough to find candidates who fill certain roles —

    you also need to consider their cost to the business, their culture fit and how they’ll work as part of your overall team.

    Such considerations are exceptionally hard when you’re under the pressure of filling those positions as soon as possible.

    7. Finances

    Experienced entrepreneurs don’t have it easy when it comes to funding a new business,

    but they do have a few advantages over newcomers.

    They might have a pool of capital from a business they previously sold or a steady stream of revenue they can use to fund a new business’s cash flow.

    Even if their first business went under, they’ve likely made investment contacts and client connections necessary to give them a leg up in a new enterprise.

    As a new entrepreneur, you’ll be starting from scratch,

    which means you’ll need to start networking like crazy and thinking through all your possible funding options before landing on one.

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    How to Live a Frugal Lifestyle that can turn you into a Self Made Millionaire




    How to Live a Frugal Lifestyle that can turn you into a Self Made Millionaire 3

    Confession time: I’m a cheapskate. Some would say frugal, which sounds much more positive, but in reality I can be a real cheapskate.

    I am fairly frugal (though not always), but sometimes I take it too far: I have T-shirts with holes in them, I never buy new clothes, we’re shopping for a new couch because our current one has holes in it, and I ran my current pair of running shoes until the soles fell off.

    However, I have gradually learned to be frugal in many ways that I would recommend to others.

    I don’t think you should have holes in your couch, and you should definitely replace your running shoes more often than I do, but there are many ways to cut back on spending and live a more frugal lifestyle which could save you more, and create more revenue, also turn you into a self made Millionaire

    Why live frugally?

    First, because it allows you to spend less than you earn, and use the difference to pay off debt, save or invest.

    Or all three. Second, because the less you spend, the less you need to earn and the more you create more revenue for your self and the more your chances of becoming a self made million.

    And that means you can choose to work less, or work more but retire early. Or take mini retirements. You have more options with a frugal lifestyle.

    I know what I’m going to hear in the comments, because to some people, thus is quite new to them:

    I have no life. This is boring. I might as well live in a box. You have to enjoy life sometimes.

    All of which you might believe, but I believe I do have a life. A great one. One where I spend time with my family, where I have conversations and read and get outside and do things that are fun and exercise and focus on what’s important and spend my free time the way I want.

    So, if you’d like some tips on frugal living, or you want to become a self made millionaire here are just a few, from a cheapskate. Read this stunning guide Becoming a Millionaire | A step by step guide.

    Well, I should note that I do most, but not all, of these tips.

    1. Go with one car.

    Many families have two or more cars. Besides your house, your car is probably your most expensive item. If you can do with one, you should. My wife and I both work, and we have six kids, and yet we have learned to manage with one car.

    Going on with one car will help cut wages, and increase revenue. All because you will pay less task, you will not have to spend more money on repairs or servicing and breakdowns. Which is a sure occurrence.

    2. Go with a smaller house.

    Just because you can afford a larger house, doesn’t mean you should live in one. Live in as small a house as you can and still be comfortable.

    I don’t mean you should live in a one-room apartment with a family of four … you know what I mean. You can save thousands a year with a smaller house. Many times, if you get rid of a lot of clutter, you don’t need a large house.

    3. Go with a smaller car.

    Again, you can save thousands by going with a smaller car. A car instead of an SUV, for example, is a big savings. Be comfortable, but don’t overdo it. You’ll save a lot on gas this way too. Here is also a guide on How you can Save Money Faster even on a tight budget
    How to Live a Frugal Lifestyle that can turn you into a Self Made Millionaire 4

    4. Rent or Buy

    This will probably spark a huge debate, as it always does. The thing is, just don’t assume that buying is the better investment. It all depend on the location you’re in and the kind of family and business you run, in fact it depend in a lot of thing that why I could not be specific if you are to buy a home or rent.

    Because, in some cases If you calculate the interest you pay on a mortgage, the cost of insurance and maintenance, buying is often much more costly than renting … and if you rent, save money, and then invest the difference, you can actually end up well ahead in the long run.

    Now, it’s not a given, so do a comparison, factoring in all expenses. And choose the option that best suit you. Here is a 6 Golden rule of building wealth

    5. Look for used first.

    If you need something — I mean really need it, not just want it — see if someone you know has one that they don’t use or need anymore. Send out an email to family or friends, or just ask around. You might be surprised.

    I was about to buy a new printer for my business center, and then found out that the fairly used laser printer can be counted on and quite 3x time cheaper… saving me close to $100.

    You can find a bargain if you look around.

    6.Eat out less.

    One of the biggest expenses in our daily lives is eating out — the average person spends well over $2,000 a year on eating out. Restaurants are expensive, including fast-food (not to mention the health hazards).

    It’s much cheaper to cook your own food. Our family creates a weekly menu, then we buy the groceries, and cook dinner (and lunch) each evening. Lately I’ve even been prepping it in the morning, so it’s a snap when we get home.

    7. Eat out frugally.

    If you do eat out, check out these money-saving tips.

    8. Brown bag it to work.

    Instead of eating out for lunch, bring your lunch. More here.

    9. Adopt a minimalist wardrobe.

    This tip won’t be for everybody, but I try for a minimalist wardrobe. I generally wear jeans or casual pants, a T-shirt or Polo-type shirt, and sandals or shoes.

    Plain, solid colors are my favorite. Everything goes with everything else, and I don’t have too many clothes. This saves me the stress of picking out an outfit, and I don’t need as many clothes.

    10. Stop online impulse buys.

    This was a problem for me before I canceled my credit card. I used to buy online a couple of times a week. Now I buy maybe once every couple of months, using PayPal.

    I’m not saying you have to go to this extreme, but realize that online buying can be way too easy (you don’t even have to go to a store) and therefore, we make too many impulse buys. Buy online if you really need something and it’ll save you money, but beware the impulse buy.

    11. Don’t shop.

    Don’t go to the mall or other shopping area or department store to look around and shop.

    Go to a store if you know what you need, and then get out. Many times people go shopping, with a vague idea of what they want, and get caught up buying much more.

    Or they go just for fun, as a form of entertainment. That ends up costing a lot. It can really add up. Instead, stay away from shopping areas and find other ways to have fun

    To me I see every spare money as a capital to raise money, instead of shopping I put them to investment.

    12. Use a 30-day list.

    To curb impulse buys, create a 30-day list. When you want to buy something, other than a true necessity (medicine or food, for example), put it on this list, with the date you added it to the list.

    And make it a rule that you can’t buy anything for at least 30 days after you put it on the list. And stick to it.

    You’ll find that you buy a lot less with this system.

    13. Cut out cable.

    I’ve talked about how I cut out cable before. It saves me money every month (in my area, about $60, or more than $700 a year), and also forces me to do things like read and have conversations and go outside. Win win.

    90% of self made millionaires don’t spend time watching cables. They spend fun time reading and stategezing new ideas that the market will buy. It don’t just improve their financial status it also improve their thinking and intellectual ability.

    14. Use the library.

    Instead of buying books, check them out. The library often also has a great selection of DVDs (depending on your area), saving you even more. Now who needs cable?

    15.Find free entertainment

    Find cheap ways to have fun. Entertainment often ends up costing a lot of money, if you go to the movies, buy concessions, or go out at night, go to the bar, etc.

    The average person spends about $1,800 a year on entertainment (not including eating out).

    Now, I’m not saying you shouldn’t have fun … but there are cheaper ways to do it.

    16. Frugal exercise.

    Exercise is important, but it doesn’t have to cost a lot of money. Instead of going to the Gym you can go on morning road walk, football, and other home based free excursions.

    How to Live a Frugal Lifestyle that can turn you into a Self Made Millionaire 5

    17. Stay healthy.

    Easier said than done, I know, but staying healthy can save you tons of money on doctor’s visits, hospital bills, and medicine over the long run. An ounce of prevention, and all that. Eat healthily, and exercise. Simple and effective. Remember that Health is the real Wealth Wealth.

    18. Commute by bike.

    Even if you own a car, commuting by bike will save you gas, and get you in shape at the same time. I highly recommend it. Depending on your location.

    19. Carpool or ride the bus.

    OK, you don’t want to bike it. So find a friend or neighbor who works near you, and arrange a carpool. Or take public transportation. Simple advice, but something a lot of people ignore.

    20. Walk.

    Often we drive to the corner store, or to a school that’s less than a mile away. Leave a few minutes early, walk, burn some calories, and save gas. And create and Avance for you to save your T.Fare

    21. Sell your clutter.

    This is not so much saving money as making it, but the frugal, simplifying cheapskate, like myself, will want to declutter and make a few bucks doing it. Hold a garage sale or sell it on eBay. It’s amazing what some people will buy.

    22. Frugal gifting.

    Gifts can cost a lot of money over the course of a year. Look for ways to do it cheaply. Make a gift, or give a consummable. My family enjoys getting and giving cookies, or hand made gifts, like beads, necklaces, bags.

    How to Live a Frugal Lifestyle that can turn you into a Self Made Millionaire 6

    23. Quit smoking.

    Not the easiest way to save, I know. It’s hard. But My friends did it, and so have many, many others.

    Not only will you save on cigarettes (which are expensive over the long run), but also associated costs (I used to buy a soda or beer to go with my cigarettes) … and of course the huge, long-term medical costs.

    In less than 2 years of not smoking, you can saved well more than $3,000.

    24. Alcohol in moderation.

    If you drink one beer or a few beers a day, that adds up to big money each month. Some drink even more than that. It’s expensive. If you can cut your drinking to the occasional party, and once in awhile with friends (not all the time), you’ll save tons.

    You have to know that Millionaires don’t spend things that are not productive.

    25. Sweets in moderation.

    Desserts and sweet snacks give us lots of calories with no nutrition. And we pay a premium price for that, in dollars and in our deteriorating health. Cut back on sweets (don’t eliminate them entirely of course) to save money and cut calories.

    26. Drink water.

    Often we drink lots of calories through sodas, coffee, alcohol, juices, tea, etc. And that costs a lot too. Drink water, save money, save calories. Here are some tips for forming the water habit.

    27. Batch your errands.

    Instead of running an errand or two every day, batch them into one errand day, and plan your most efficient route, to save gas and time. Also do as much bill-paying online as possible, to eliminate some errands.

    28. Stay home.

    Becoming a homebody might not sound like a lot of fun, but it really can be. I love staying home with my family. We can do all kinds of fun things at home.

    Or I can spend a day alone, if the family is at school, workplace and really enjoy it. It’s quiet and peaceful, I can read or have a good time generating more productive ideas or respond to comments on my blog or write. Staying home can save tons, in eating out expenses, shopping expenses, gas, and incidentals.

    29. Stop using credit cards.

    Credit cards are not evil. And before you flame me, once again, I realize that they can be used to good purpose. If that’s how you use them, then that’s good, skip this tip.

    For others, credit cards make buying too easy, and end up making them buy too much.Not only that, but if you don’t pay your bill in full each month, they will cost you a lot in interest.

    The average American with at least 1 credit card has more than $8,500 in credit card debt. Don’t make that mistake.

    30. Cancel subscriptions.

    With the wealth of information and entertainment online, do you really need magazine subscriptions? With all the news online, do you really need a newspaper subscription?

    If you can get DVDs for free or cheap, do you really need a Netflix subscription? Don’t flame me if you think you do need any of these — I’m just asking you to consider whether they’re really essential — the answer might be yes.

    Also consider other subscriptions you might be paying for — I’m not saying you should cancel everything, but seriously consider whether they can be canceled without much loss of value.

    31. Make your own.

    I won’t go into all the possibilities here, but many times we buy things when really, we could make them ourselves for much cheaper if we get a little creative.

    Now, this might take a little more time and effort, but it can be fun, especially if you make it a family project. We recently made our own (very simple) bookshelves with only a couple of pieces of lumber, instead of buying them.

    If you don’t know how to make something, search for it online. You’ll most likely find some instructions.

    With the way the world is becoming more digital, it obvious that 99% of what we pay to learn can be learn freely online, you can even go to YouTube and download full tutorials.

    32. Do it yourself.

    Instead of hiring someone to do something, try doing it yourself. Sure, it takes some time and effort, but it’s satisfying, and of course cheaper. It’s also educational, if you don’t know how to do it — again, do an online search, read up on it, and give it a go. Frugality freaks are DIYers.

    33. Stop paying interest.

    I mentioned the interest of credit cards, and auto loans, and mortgages. I consider them a waste of money. I’ve talked about how to live without credit before, and I recommend it for a frugal lifestyle.

    Consider any other accounts or loans where you pay interest, and see if you can eventually eliminate as much of these as possible.

    34. Reduce convenience foods.

    Frozen foods, microwaveable stuff, junk food … anything that’s packaged and prepared for our convenience is not only more expensive than something you cook yourself, but also most likely less healthy. I’m not saying to eliminate these completely, but reduce consumption.

    35. Travel frugally.

    I actually don’t travel (or haven’t for years), but if you do have to travel, some advance planning can save you money. Airfare is most expensive, usually, so look to buy your ticket in advance, and look for deals.

    Also consider train travel. Shop around for car rental rates, as they can vary greatly (or use public transportation). Look for cheaper accommodations, or stay with a friend or relative. Just a note: I do plan to travel, but not until I finally eliminate all of my debt.

    36. Cut the cell phone.

    This will not be a popular suggestion either. If you don’t like it, move on to the next one. It’s not for everybody.

    But think about this: 20 years ago, most people didn’t have cell phones. And miraculously, they survived. A cell phone is not a necessity. It’s a convenience.

    When people needed to make a call, 20 years ago, they either waited until they got to a destination (wait to make a phone call?! omg!), or pulled over and used a pay phone or a phone in a business establishment.

    37. Cut your own hair.

    Again, this one isn’t for everybody. Personally, I use electric clippers to shave my head. It’s easy, it’s cheap, it’s minimalist, it’s care-free.

    I don’t worry about my hair getting messed up, or having to fix it in the morning. However, I’m not saying you should shave your head. Many people cut their own hair, in many simple but nice hairstyles, long or short. Saves money, and time.

    38. Maintain stuff.

    This is a no-brainer, but we don’t often think about it: if you take care of what you have, it will last longer. You’ll then spend less on buying new stuff.

    When you buy something worth maintaining, take a few minutes to read the maintenance manual, and create a maintenance checklist that you can attach to the item.

    For important things like your car’s oil changes or tune-ups, put them in your calendar.

    39. Save energy.

    There are little things we can do to lower our power bill. I don’t use a dryer or hot water heater, although those are a little extreme.

    40. Save gas.

    With the rising price of gas (and no end in sight), fuel has become a major monthly expense for many people. Small things can add up to big savings.

    41. Only buy bargain clothing (when you need clothes).

    OK, so you’re a cheapskate but you don’t have to buy clothes only when the old clothes have too many arm or leg holes.

    You need new clothing. I mean really need it. So instead of buying new, look for thrift shops with good clothes. Or buy new, but only buy the stuff that’s 50% off. Look for the bargains, and you’ll save a ton.

    42. Telecommute.

    Telecommuting doesn’t necessarily give you your dream job, but it’s definitely a step in the right direction.

    But in addition to allowing you to work in your underwear (and who doesn’t have that dream?), telecommuting saves money on gas, on eating out (if you eat lunch at a restaurant), and on buying expensive work clothes (all you need to buy is underwear, right? And no, don’t buy used underwear).

    43. Plan ahead.

    Sure, easy to say, hard to implement. But if you make it a habit to think ahead to things that are coming up in your life, you can save a lot of money.

    For example, if you think about where you’re going to get your meals when you go out to do errands, you can pack a lunch or dinner instead of eating out.

    If you pack a big container of iced water, you don’t need to buy expensive bottled water. If you know that a birthday is coming up, you can buy a gift on sale instead of spending more at the last minute.

    44. Cook ahead.

    If you have one free day a week (or even a month), cook food in big batches and freeze in dinner-sized portions. I don’t do this all the time, but I have done it and it saves money (buying big can often save) as well as time.

    You have to plan it out a bit, coming up with a menu and shopping, cooking enough meals for a week or a month.

    But once you’re done, your meals each night (and for lunch if you like) are quick and easy. This saves you from eating out or eating convenience food when you’re hungry but too tired to cook.

    45. Wash clothes less.

    Some people wear clothes and then wash them, but I’ve gotten into the habit of wearing my clothes more than once if they’re not really dirty. I use my nose as a test — I don’t want to wear clothes that smell, but most times the clothes are still perfectly clean. This saves on washing.

    I mostly prefer a cloth twice, before I put them up for washing

    46. Sun-dry clothes.

    When my parents were young, everyone used a clothesline to dry clothes. Now dryers are ubiquitous, because they’re fast. But if you don’t wash a ton of clothes, it’s not that hard to take a few minutes to hang them up. You’ll save a lot in electricity, plus your clothes last longer.

    47. Eat less meat.

    I’m not saying you have to become a vegetarian (although you could always give it a try), but once in awhile, eat meatless dishes.

    Pasta, vegetarian chili (see my recipe halfway down this article), vegetarian Indian or Thai dishes, falafels with hummus and pitas and tomatoes and lettuce … there are plenty of tasty dishes without meat. And as meat is expensive (well, the fresh kind is … Spam is cheap), you’ll save money on meatless dishes. Again, I’m assuming you cook with fresh meat, not canned.

    How to Live a Frugal Lifestyle that can turn you into a Self Made Millionaire 7

    48. Save on groceries.

    For my family of eight, groceries is a major expense. With some simple habits, we’ve been able to save a lot of money. See more here.

    49. Frugal Christmas.

    Christmas is expensive, especially in America (if you live in an area that doesn’t celebrate Christmas with a huge amount of buying, or doesn’t celebrate it at all, skip this tip).

    People go on crazy shopping gorges. It’s insane. While it makes the retailers and manufacturers happy, it doesn’t make our bank accounts happy. Break out of the cycle and find cheaper ways to celebrate Christmas.

    50. Do you

    Above all, you don’t need to deny yourself your personality, that you and that why being frugal or not don’t forget to do you, do the things that makes you happier, do the things you love but be mindful the way you do it.

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