For many people, becoming a millionaire is a long-term goal. While crossing that financial milestone is no small feat, the good news is that you don’t have to be a millionaire to start managing your money like one. By adopting smart financial habits and making strategic decisions, you can build wealth over time and move closer to financial independence.
According to a survey from Schwab, Americans believe it takes an average net worth of $2.5 million to be considered wealthy. However, financial comfort is a different story. This year, respondents said they’d need about $778,000 to feel financially secure, down from the $1 million peak in 2023. These shifting perceptions highlight the importance of not just earning more but managing money wisely.
