Building a million-dollar takes patience, perseverance and sacrifice. And putting in the amount of work it takes to become a self-made millionaire means you’ve learned a thing or two about priorities. GOBankingRates chatted with a few self-made millionaires about their spending habits — specifically, what they prefer to spend money on without limits.
While it’s always a good idea to be frugal and intentional with your spending, once you’re a millionaire, you can spend more than the average American on things that are important to you. Here are eight things that . Earning passive income doesn't need to be difficult.
Growing your net worth over a million usually requires some help along the way. Investing in high-quality mentorship and coaching programs can help boost your income and give you the right mindset needed to grow your wealth. Phuong Nguyen, self-made millionaire and founder of , won’t ever skimp on high-quality coaching.
“Having mentors and coaches who have been through similar journeys has been invaluable,” said Nguyen. “I pay for mentorship and coaching services, as they provide me with personalized guidance and insights that accelerate my progress. It’s like having a shortcut to success.
” Luxury watches are not only a status symbol of success but can also be a great investment. And while many of these watches can cost upwards of $50,000, rare timepieces can appreciate in value. Nguyen enjoys finding a great watch and sees it as an investment r.
