The Saver-Investor Path: A Reliable Strategy for Average Americans to Build Wealth

The No. 1 Way for Average Americans to Become Millionaires

You don't need to earn a massive salary to become a millionaire. Discover a proven method that could get you there on an average income.

The most popular path to becoming a millionaire

• Tom Corley interviewed 233 millionaires for his appropriately named Rich Habits study. He found that there were four common paths followed by self-made millionaires.
• Saver-investors consistently save 20% or more of each paycheck. This path is simple but highly effective.

Following the saver-investor path to $1 million

The saver-investor path may be simple, but that doesn't make it easy. It took an average of 32 years for saver-investors to accumulate their wealth, totaling an average of $3.3 million.

Habits of successful saver-investors

1. Living frugally: Saver-investors are careful about spending and avoid costly purchases like new homes and cars.
2. Purchasing high-quality products: They invest in products that last long, such as reliable cars and durable furniture.
3. Staying out of credit card debt: While they use credit cards, they pay the bill in full each month to avoid interest charges.
4. Surrounding themselves with like-minded individuals: Being around other saver-investors helps maintain financial discipline.
5. Seeking professional help: Many have financial advisors, CPAs, or tax preparers to guide them.