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The Independent UK
The Independent UK
Lifestyle
Chelsea Ritschel

Who wants to be a millionaire: Money-saving habits common among the ultra-rich, according to financial expert

Getty Images/iStockphoto

A financial expert has identified some of the most common money-saving habits used by the ultra-rich after interviewing 225 millionaires.

Tom Corley, an accountant and author, began interviewing wealthy individuals in 2004 as part of a five-year “Rich Habits” study. While studying the wealthy, which the financial advisor defined as those who had at least $160,000 in annual gross income and $3.2m in net assets, Corley identified a number of similar characteristics and habits.

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