Ever wondered what sets millionaires apart from the rest of us? It’s often simply the way they THINK about money. Here’s how to think like a millionaire!

Rich people stay rich by living like they’re broke; broke people stay broke by living like they’re rich.” – Anonymous

While I’m nowhere near millionaire status, I am always inspired by the stories of ordinary people who manage to work their way into a wealthy lifestyle. Some of them are small business owners, others are company CEO’s, but the one thing they all have in common is the millionaire mindset when it comes to managing their money.

Real millionaires–the ones who have earned it through hard work and determination–don’t spend their money on unnecessary things. They drive average cars, wear average clothes, and look for deals sometimes more than the rest of us. They are rich, instead of just looking rich, and keep more of their money in the bank rather than squandering it on flashy material things that have no real value. They’re smart, intentional, and a huge example to those of us who live on a much smaller income!

But instead of being jealous or envious of their wealth, we need to adopt their mindset as our own, and learn what we can from their success. Because the reality is, if you can manage the money you have right now well, you’ll be in a much better position when you are blessed with more.

How to Think Like a Millionaire (5 Smart Things that Rich People Do That You Should Too!)

Changing the way you think is the first place to start. Here are five ways to start thinking like a millionaire:


Have a Goal in Mind

Having a goal means you have motivation and meaning for your money. You’re not just saving because it’s the right thing to do — you’re saving for retirement, a newer car, a down payment on a house, or that trip you’ve always want to take. Millionaires have goals too, and this is what keeps them from spending frivolously on things that won’t help them get there.

I’m sure you’ve heard those horror stories of professional athletes who sign million-dollar contracts, then are somehow broke after they retire. It’s because they didn’t learn to manage their money well during their peak playing years, nor did they have a specific goal in mind for when they finished.

Think about where you want to be in 20-30 years. Do you want to be out of debt? Fund a retirement account? Pay for your children’s college education? You need to have goals so every action that you take today, is one that brings you closer to them. 

Think Before You Spend

Thinking before you spend is critical to a millionaire mindset. Of course, there are plenty of celebrity millionaires who blow their fortunes on private jets, island mansions, and excessive weddings, but the true millionaires, the ones that manage their money well, are always thinking about the implication each purchase has on their overall finances.


When considering any purchase {big or small!}, ask yourself these 3 questions:

  • Do I really need this?
  • Can I borrow this item from someone else?
  • Can I find it for less elsewhere?

I have gotten myself into more trouble because I swiped a credit card without thinking, when I really should have done my homework and scouted out other alternatives first. Patience is key!

Don’t Be Wasteful

Always, always, always be thinking about how you can use old items in new ways. We throw away more food, more paper, and more perfectly usable items than necessary, and while I’m not advocating at all for clutter, you should consider if the item has any re-purposing value at all before you toss it.

Here are some ideas:

  • Pair different pieces of clothing together to make new outfits
  • Shop from your pantry and bring new life to leftovers
  • Pass along older magazines to friends who might enjoy them
  • Turn shipping or shoe boxes into organizing containers for storage
  • Recycle junk envelopes and notecards into scrap paper
  • Give away items you don’t use anymore to a local thrift store {just make sure everything is in good condition!}

Smart millionaires are resourceful and “make do” with what they have, because they know that saving money on these seemingly smaller items, will allow them to spend their hard-earned dollars on more important things.

Never Stop Learning

Millionaires are always learning about something new — whether it’s how to manage their wealth or increase it. I honestly believe that when you stop learning, you stop living. Life should be an education in itself.

While you don’t have to immerse yourself in the latest investment manual {that sounds incredibly boring to me too!}, you should be learning about money fairly regularly, especially if you want to be smart with it.

Some of my favorite money saving blogs are:

If you’re looking to dive into a few books, here is what I would recommend you start with:


Believe in Your Success

Lastly, and probably the most important point to remember, is that millionaires believe they will be successful. It can take a long time to make {and save!} the money needed to establish an emergency fund, pay off all debt, fully fund a retirement account, and invest in other valuable assets, but it’s possible — for all of us.

Be confident in your financial situation, no matter how big or small. Find those opportunities to save, and focus on spending smart. Believe you will make it, then work hard on getting there!

These 5 steps might not launch you or I into a million bucks right away, but they will help us start acting like one. Because half the battle of being frugal is thinking like you are frugal. And frugal living is a lifestyle and a mindset more than anything else.

To recap, here are 5 Smart Things that Rich People Do That You Should Too!

  1. Have a Goal in Mind
  2. Think Before You Spend
  3. Don’t Be Wasteful
  4. Never Stop Learning
  5. Believe in Your Success

Other helpful resources:


Ever wondered what sets millionaires apart from the rest of us? Surprisingly, it's not fancy cars, private jets, or big houses, but often simply the way they THINK about money. If you've ever wished you could make it big, don't miss these five smart tips for how to start thinking like a millionaire!



Kalyn Brooke
Kalyn Brooke is a life management expert for busy women who crave a simpler and more organized life. Through her recognizable, down-to-earth approach, she provides a daily dose of inspiration and guidance, whether you’re looking for smart money tips, time saving routines, or anything in-between. When she’s not experimenting with ways to do even the most mundane tasks more efficiently, you can find her crafting detailed to-do lists in her bullet journal, or indulging in—yet another—personal development book. Meet Kalyn and learn how stay on top of it all at KalynBrooke.com.
Kalyn Brooke


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