3 things self-made millionaires never do with their money - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

3 things self-made millionaires never do with their money

— they do. In fact, 59% of millionaires surveyed had a lower-fee Visa card, and 56% had a MasterCard credit card. It's worth noting, however, that while credit cards may have perks and benefits, they're only useful when a card's balance is paid in full each month so that the card doesn't accumulate interest. Millionaires are always willing to spend on education for themselves, their children, and their grandchildren.

They also know that it hurts their children to receive gifts and support often. "In general, the more dollars adult children receive, the fewer they accumulate, while those who are given fewer dollars accumulate more," Stanley writes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Will you become a self-made millionaire?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines