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Do you dream of living like a millionaire?
What do you imagine?
Fancy dinners, elaborate mansions, fast cars and designer clothes?
Dont forget your grocery budget, fixer-uppers, bumming rides and second-hand stores.
Oh, you didnt think millionaires worried about that stuff?
Well, how do you think they became millionaires?
Most (multi)millionaires work andbudgetjust like the rest of us only smarter.
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Create challenges for yourself and your family to help you get the most for your money.
Dont Miss:6 Companies That Send People Money When Theyre Asked Nicely
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Given the extra money, though, the first stop for many people is the Mercedes dealer.
Dont make the same mistake.
Selectively
Many self-made millionaires choose tospend money on experiences, rather than things.
That means travel and hobbies, instead of fancy cars and big homes.
We see lots of stories of people retiring early totravelor pursue other passions.
Sure, those experiences come with a cost not everyone can afford.
We always recommend spending andsaving your moneywisely frugality doesnt have to mean never spending it at all.
It just means being choosy about when and how you splurge.
And, for goodness sake, do not Instagram before you shop!
Dont compare your life to your friends Instagram and Facebook photos.
Save the Bulk of Your Income
FormerTonight Showhost Jay Leno is notorious for his lifelong (relative) frugality.
Over his 17 years with the web connection, Leno reportedly saved every dime of his NBC salary.
Then when I got The Tonight Show I just continued to do that.
Could you live off the income from a side hustle or part-time job even for a few years?
Thats neither a phenomenal salary nor a major sacrifice in most weekly budgets.
But knowing what to do with that small amount of money can mean big things.
By investing as much as he could of every paycheck, Brandon Sutherland was able toretire at 32.
He expects to live for at least 30 years on the interest from his investments.
Brandon is a pretty typical college graduate without special advantages.
Dana Sitar (@danasitar) is a staff writer at The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
