It is true that the top 1 percent world's richest people have ore than half the world's total wealth. The truth is that rich people think and act differently from the rest of the world. They not only work hard to increase their wealth, but they also manage their money smartly. We can learn a lot from how they do things and why they are so successful financially. It all boils down to how you manage your money.
Outlined below are useful ways that will help you manage your money just like the millionaire you want to be.
1. Steer Clear Of Bank Loans and Credit Cards
People have failed because of liquor leverage, in simple terms the leverage in this case is borrow money. If you are smart, you are going to make money without borrowing a single cent. However, if it reaches a point where you are forced to borrow, do so in a wise manner. A good debt should elevate you to a better financial position while the bad debt will have the opposite effect on your financial status. Make sure you go to great lengths to minimize good debt and steer as far away as you can from bad debts.