10 Habits of Self-Made Millionaires That Could Make You Rich 💵

[@raisingwildflowers]

Half of Americans have less than $500 in their savings account. Only 16% have 3-6 months of expenses saved. If you are one of these people, let's make 2025 the year to create a full-funded Emergency Savings account! 💵Watch this video next for a 9-Step plan for saving $10,000 in 2025 - even on a low income: kzbin.info/www/bejne/raWQXmOBoM-Xj9k

[@davea691]

Still driving my 15 year old car. It is good enough for my needs and the car insurance is much cheaper than a new car.

[@Lee_Proffit]

Schools in the UK don't teach this stuff either. I think the question should be will being a millionaire make you happy ? Merry Christmas 🎄🎄

[@ianmorrison5474]

I find that investment knowledge is more important than ever nowadays due to inflation, for example, learning about property, index funds, etc.

[@tessramos8828]

Hi Katie 🌻 Great content. . So important The school my son attends actually has a seminar every year to teach finance. Parents aren’t doing it, so school is jumping in with real life situations to teach

[@katyl]

I wish more schools taught finance

[@raisingwildflowers]

That is awesome! All schools should do this 😊

[@tessramos8828]

Kids learn what they Live 🌟

[@raisingwildflowers]

100%

[@thenaturalmomshomestead_]

So good! Not worried about ever being Rich but want to be wealthy in time, and quality over quantity

[@JM.5387]

The car payments people consider normal blow me away. That alone is making the difference between building wealth and just scraping by, for someone with an average income.

[@RetiredLovingIt]

Great information 👍

[@jeanettebrooks1963]

You’re common sense practicality is infectious.

[@supereight9221]

Haven't checked my investments in a long time and as of today 2-year change (+37.%)

[@terrypelletti8535]

Agree with everything you said. Hope we have passed this down to our daughters ❤

[@kerryjames6312]

I look poor but am financially secure

[@jackiedavis3150]

Another great video.

[@reneelynnraquet]

Katie, what books or programs did you use to teach your children about financial literacy? We homeschool our boys, 11 and 13, and my husband and I have horrible financial skills. We are learning and we need to teach the boys now. Any suggestions?

[@raisingwildflowers]

We haven’t used a specific homeschool curriculum for financial literacy - we do most of the teaching ourselves by involving them in our finances and making them responsible for their own finances (age appropriate responsibility, but probably earlier than most people do 😊). My best advice is as you and your husband learn about finances, include your kids in your learning. Have conversations with your husband while your kids are around. We were in the process of learning when my oldest kids were your kids' age, so don't feel like you are behind. And we are definitely still learning! Around the age of 16, reading adult finance books like Rich Dad Poor Dad, Total Money Makeover, The Psychology of Money, and Atomic Habits - and talking about what you may disagree with because none of these are perfect IMO. My parents didn't talk to me about money at all - their finances were completely private - which I definitely think they should be a bit, but still being open about some things - maybe just not the numbers. A great and simple place to start for everyone might be including your kids in the weekly grocery budget, planning, shopping, and cooking.

[@laurieclarkson9180]

I read "Rich Dad, Poor Dad" when I was a teenager and even though I didn't understand some parts of it, I understood enough to be fascinated. It's an essential beginner book because it changes your perspective. You almost physically feel a shift in your brain. haha

[@SandySaves]

I haven't gone through it myself, but Khan Academy has a set of free lessons on Financial Literacy.

[@raisingwildflowers]

@sandysaves Yes! I forgot about these! My kids have done these too and they are great 😁

[@JM.5387]

Teresa Ghilarducci: How to Retire with Enough Money: And How to Know What Enough Is. This is a short, clear book that lays out a straightforward approach to saving for retirement, starting as early as possible.

[@monalamanen5514]

I love your top!

[@raisingwildflowers]

Thanks! 😊

[@kerryjames6312]

You have just described me

[@kerryjames6312]

That's why I pay cash

[@mikieemiike3979]

There's a better way for certain purchases.

[@racquelthomas7145]

Thanks for the information 🙏🏾

[@kerryjames6312]

Wise I actually live this way

[@evolutionofmaggie]

Very interesting

[@Midlifeanticrisis]

Good video! Lots of great points, however I would say it's not about how much they save, it's about how much they invest. A savings account alone won't get you there.

[@jayneanderson8057]

We purchased a ten year old extended cab pickup that the engine was bad but everything else about it was in great condition. We had a new engine put in it. So we have a nice pickup truck,,loaded with luxury upgrades,, new engine and the loan for the engine was only $145.00 per month for 3 years. Our other vehicle is a Subaru that has a salvage title. The car was stolen and the insurance company paid out on it. Later the vehicle was recovered so it had to have a salvage title,,,, we paid $7000 for it, cash. It runs great is clean and loaded with luxury upgrades. Only 43000 miles on it when we bought it. We realize the resale wont be high on these vehicles,,,,but we will drive them until they "drop". Think outside the box folks....

[@kerryjames6312]

Nothing was given to me I am 56 self made financial freedom

[@kerryjames6312]

I have five sources income

[@kerryjames6312]

People look at my second hand home furniture clothes hair not dyed but they don't know what's in my bank account?????

[@mikieemiike3979]

Traveling is a waste of money and risky. Hobbies give and keep giving back. The self employed pay the most taxes.

[@trueamerica]

NEVER BUY USED CAR ON CREDIT! try to buy a car out right, IF you NEED to buy a car on payments then buy NEW in October to december you get the most rebates and you get the best interest rate and pay more than your payment if your payment is 350 them pay 450 each month get a 5 year loan if possible again thats if you NEED to buy on credit, its best to buy outright, but its not always possible

[@anna_boston]

Why aim for getting rich at all? This nation claims to be so devoutly Christian (and Christ was poor by choice), and yet all they can talk about is getting rich. If someone gets rich, it means someone else gets or stays poor. It’s better to talk about being debt-free and aiming to have enough for all your needs.

[@laurieclarkson9180]

You have the power to help others. It's hard to help others when you can barely help yourself. Rich can provide jobs. Rich can provide healthcare.

[@lifebeyondthesalary2458]

Not always. If you want to do better in life, always look to those who have achieved what you want to achieve. You learn from those who have made it to where you want to be or go. Even if your goal isn’t to be rich, you would have to be entirely stupid to want to live in poverty. The Bible teaches you to be wise in every area of your life. The more financially free you are, the more choices you have & can also help others, not just yourself. If you are struggling with your finances, it’s very difficult to help others that are struggling as well.

[@joniahaworth]

I completely agree

[@anna_boston]

@laurieclarkson9180 Most rich people got rich by exploiting and not by helping others. Rich people won't need to do any charity if they pay people living wages, provide safe working conditions, and benefits such as fully paid healthcare, a 40-hour workday, and a stress-free work environment. But they don't because then they won't get rich.

[@cindyramos5957]

In proverbs 13:22 it says that a good man leaves an inheritance to his children's children. Saving money isn't sinful and you're not hurting anybody by doing so. In fact, all the contrary, you'll make it easier to your future generations because life is getting harder and harder and more and more expensive. When my husband and I married, we both come from poverty. Neither of our parents were in any position to help us. We struggled a lot. We knew nothing about finances. 13 yrs later we are much more educated now. We have started investing in stocks. This will help us during retirement. And when we die, we'll be able to inherit something to our children and our future grandkids.

[@lyndabelknap8367]

Good video but I have found personally that people who live this way are very selfish. They will not donate to charities or there church they go to. They all love to say I will donate my time but time does not pay the bills. They are the same people who will not treat others to a coffee or bring a bottle of wine to your house for dinner. You get the message etc. I totally agree with no debt and have not had a mortgage since I was 37 but love to be generous with others.

[@raisingwildflowers]

Are you saying one's value to others can only be given through money? I just don't have the same beliefs. My time is more valuable than my money. It's easy to give money to someone, it's more meaningful to spend time with and for them. I may not take someone out and buy them a coffee, but I will invite them over for a meal I have made specifically with their preferences in mind. I can donate money to the angle tree, or I can collect toys and clothes my children have outgrown, bake holiday goodies, and give them directly to a family in need. I can donate to a homeless shelter, or I can go sit down and have a meal and conversation with someone. I can donate money to an animal rescue center, or I can volunteer at the center, foster those animals, or even give those animal a forever home. I can assure you it is much more difficult to volunteer with animals than donate money - not many people are willing to clean up pee and poop, be drug around, jumped on, and even watch puppies die from parvo after days of tube-feeding them around the clock to try and save them. I could go on, but I think you get my point. I am not saying only donating money is bad, or that everyone should volunteer instead of donate, but to say that someone is selfish because they don't donate money and volunteer instead ... that opinion is WILD.

[@lyndabelknap8367]

​@@raisingwildflowersI agree on some points and others not so much. You think about money all the time and how you can save I don't live like that. Sure you can give your time also and believe me I am involved in a lot of volunteer organizations and do that also. But the value system you place on cash would bother you to just hand it over. It's easier to hand over used things you have then buy some new clothes. I have bought lots of coffees for friends and have also had them for dinners. Trying to be a millionaire sounds like the Ramsey approach to life. So you started a patron and want people to donate? Do you belong to any other youtubers payreon account? I doubt it. What does your parents and siblings think of this lifestyle. You have never said. Anyway I love the parable in the Bible where Jesus says it is easier for a camel to go thorough the eye of the needle than the rich to give up their money. How true that is. Take care.

[@lyndabelknap8367]

​@@raisingwildflowerstry donating money to a charitable organization you believe in and let me know. Take a friend somewhere and treat them not at your house.

[@laurieclarkson9180]

@@lyndabelknap8367 I see what you're both saying..Wealthy people have said that everything is a trade off. By deciding to do something, you simultaneously decide not to do something else. Many people say "I don't want to live my life like that. Sure, it's nice to be skinny but I don't want to count calories, work out, change my diet etc..that's fine, you just won't be skinny, but you won't have to do those either. I want to be a millionaire, but I don't want to live my life constantly thinking about money. Then you just won't be a millionaire, and you can think of other things. It's like saying "I want to be a doctor, but I don't want to do any of the things I need to do to be a doctor. Most people are not wealthy because they don't want to do what it takes to be wealthy. Poor people are always trying to appear wealthier. Example..bringing wine to parties. Forgo a bottle of wine today, have truck loads of wine later.

[@CassieDavis613]

@@lyndabelknap8367 What are you going on about? Are you for real? Virtue signaling.

[@kerryjames6312]

I live off $50000 per year but I look live poor save $200000 per year of it

[@Crystal.Calvin]

I just want to point out that since you don't have your kids in school, you likely aren't aware of what the schools are doing to teach financial ed to students. My kids are learning all of this in their required civics courses.

[@raisingwildflowers]

That's great your local school it teaching it 😊 It's definitely not being taught in all areas. My teens have friends who are/were in pubic school and they are not receiving this information.

[@vimalou1]

Financial education is NOT being taught in our local schools