
9. Stay Out of Debt
As you work your way through becoming a millionaire, you’ll gradually realize that you’ll have to stay out of debt at all costs. It could be that of late, you have opted for a credit card on impulse without considering whether you could pay it. By and large, most individuals choose to receive a credit card to boost their credit history but have no idea how to remain debt-free.

The majority of financial experts and specialists emphasize the significance of keeping your expenses less than your earnings. However, they hardly ever suggest ways and means for staying out of debt in the long run. For a start, get into the habit of using the credit card on infrequent occasions, say during an emergency (when you don’t have enough cash for settling the bill).