Personal Finance
Top 10 Habits of Millionaires for Building Wealth
The Top 10 Habits of Millionaires for Building Wealth
If building large amounts of wealth was easy, then almost anyone could do it.
However, we know that only 6.4% of American adult population are millionaires, and the reality is that not all of those are self-made.
What habits and practices helped this elite group in accumulating large amounts of wealth, and how can we apply these to our own careers to become more financially independent?
Copying the Habits of Millionaires
Today’s infographic from StocksToTrade.com skips the silver bullets and “get rich quick” tricks to show the real habits of millionaires that have led to wealth accumulation over time.
Many of these habits are not particularly glamorous, but remain essential for the long-term success of entrepreneurs and investors. They tend to fall in categories such as: hard work, persistence, passion, acquiring self-knowledge, associating with the right people, and staying healthy.
Here are the most important statistics to consider:
- 88% of the rich devote 30 minutes or more each day to self-education or self-improvement.
- 76% of the rich aerobically exercise for 30 minutes or more, every day.
- 86% of the rich who liked what they did for work made $3.4 million in 32 years
- 7% who loved what they did made $7.4 million in 12 years.
- 92% of rich say good luck had nothing at all to do with their wealth. They just never gave up.
- 88% of millionaires believe relationships are critical to financial success.
- 94% of wealthy individuals read current events every day.
- 88% of the rich people say that saving money was incredibly important to their success.
- 93% of the self-made millionaires attributed their wealth to their mentors’ help.
- 86% of wealthy, successful people associate with other success-minded people.
- 79% of the rich read educational, career-related material.
In other words, it’s not a simple idea or plain old luck that leads to success.
The stats above show it is the daily habits and practices that count in the long run.
Personal Finance
Ranked: The Best Countries to Retire In
Which countries are the best equipped to support their aging population? This graphic show the best countries to retire in around the world.

Ranked: The Best Countries to Retire in Around the World
Our global population is getting older. By 2050, the OECD predicts that 30% of people worldwide will be aged 65 or over.
While some countries are relatively prepared to handle this increase in the elderly demographic, others are already feeling the squeeze and struggling with the challenges that come with a rapidly aging population.
Which countries are the best equipped to support their senior citizens? This graphic uses data from the 2022 Natixis Global Retirement Index to show the best countries to retire in around the world, based on several different factors that weโll dig into below.
What Makes a Country Retirement-Friendly?
When people consider what makes a place an ideal retirement location, it’s natural to think about white sand beaches, hot climates, and endless sunny days. And, in truth, the right net worth opens up a world of opportunity of where to enjoy one’s golden years.
The Global Retirement Index (GRI) examines retirement from different, more quantitative perspective. The annual report looks at 44 different countries and ranks them based on their retirement security. The index considers 18 factors, which are grouped into four overarching categories:
- Health: Health spend per capita, life expectancy, and non-insured health spend.
- Quality of Life: Happiness levels, water and sanitation, air quality, other environmental factors, and biodiversity/habitat.
- Material Wellbeing: Income per capita, income equality, and employment levels.
- Finances in Retirement: Government debt, old-age dependency, interest rates, inflation, governance, tax pressure, and bank non-performing loans.
Using these 18 metrics, a score from 0.01 to 1 is determined for each country, which is then converted to a percentage. For a more detailed explanation of the report’s methodology, explore Appendix A (page 72) of the report.
The Top 25 Best Countries to Retire in
With an overall score of 81%, Norway comes in at number one as the most retirement-friendly country on the list.
Rank | Country | Score | Health | Quality of Life | Material Wellbeing | Finances in Retirement |
---|---|---|---|---|---|---|
1 | ๐ณ๐ด Norway | 81% | 91% | 87% | 79% | 69% |
2 | ๐จ๐ญ Switzerland | 80% | 90% | 86% | 69% | 74% |
3 | ๐ฎ๐ธ Iceland | 79% | 88% | 86% | 77% | 68% |
4 | ๐ฎ๐ช Ireland | 76% | 89% | 80% | 67% | 70% |
5 | ๐ฆ๐บ Australia | 75% | 88% | 77% | 66% | 72% |
6 | ๐ณ๐ฟ New Zealand | 75% | 85% | 81% | 64% | 71% |
7 | ๐ฑ๐บ Luxembourg | 75% | 91% | 81% | 72% | 59% |
8 | ๐ณ๐ฑ Netherlands | 75% | 89% | 80% | 78% | 56% |
9 | ๐ฉ๐ฐ Denmark | 74% | 86% | 88% | 76% | 54% |
10 | ๐จ๐ฟ Czech Republic | 73% | 76% | 68% | 84% | 64% |
11 | ๐ฉ๐ช Germany | 72% | 87% | 80% | 71% | 55% |
12 | ๐ซ๐ฎ Finland | 71% | 84% | 89% | 63% | 55% |
13 | ๐ธ๐ช Sweden | 71% | 90% | 87% | 59% | 56% |
14 | ๐ฆ๐น Austria | 71% | 86% | 82% | 69% | 54% |
15 | ๐จ๐ฆ Canada | 71% | 87% | 74% | 58% | 67% |
16 | ๐ฎ๐ฑ Israel | 70% | 82% | 74% | 60% | 66% |
17 | ๐ฐ๐ท South Korea | 70% | 80% | 59% | 68% | 73% |
18 | ๐บ๐ธ United States | 69% | 85% | 72% | 56% | 67% |
19 | ๐ฌ๐ง United Kingdom | 69% | 83% | 82% | 61% | 55% |
20 | ๐ง๐ช Belgium | 69% | 85% | 74% | 70% | 51% |
21 | ๐ธ๐ฎ Slovenia | 69% | 82% | 69% | 77% | 51% |
22 | ๐ฏ๐ต Japan | 69% | 91% | 67% | 72% | 51% |
23 | ๐ฒ๐น Malta | 68% | 78% | 61% | 72% | 63% |
24 | ๐ซ๐ท France | 66% | 90% | 78% | 57% | 48% |
25 | ๐ช๐ช Estonia | 66% | 68% | 68% | 60% | 68% |
Norway is at the top of this yearโs ranking for several reasons. For starters, it achieved the highest score in the Health category, largely because of its high average life expectancy, which is 83 years old, or 9 years longer than the global average.
Norway also has the highest score of all the countries for Governance, a category gauged by assessing country corruption levels, political stability, and government effectiveness, and is in a three-way tie with Japan and Luxembourg in the Health category.
Second on the list is another European country, Switzerland, with an overall score of 80%. Itโs the highest-ranked country for environmental factors, and it also has the highest overall score in the Finances in Retirement category.
A Regional Breakdown
While European countries dominate the top 10 in the ranking, how does Europe rank as a region as a whole? Before diving in, itโs important to note that the study actually breaks up Europe into two sections: Eastern Europe (grouped with Central Asia) and Western Europe.
Rank | Region | Overall Score |
---|---|---|
1 | North America | 69% |
2 | Western Europe | 66% |
3 | Eastern Europe and Central Asia | 49% |
4 | Latin America | 37% |
5 | Asia Pacific | 32% |
And from a regional perspective, North America comes in first place despite the fact no countries in the region made it into the top 10. North America only has two countries included in the ranking: Canada (#15) and the U.S. (#18), which both rank relatively high.
In contrast, Western and Eastern Europe have more countries to account for, which ultimately lowers their regional average.
The Future of Retirement
As longevity rises and the retirement aged population continues to increase worldwide, many countries are opting to change their pension policies in an effort to encourage people to stay in the workforce longer.
For instance, in 2018, people in the UK could claim their State Pension once they turned 65. By 2028, this age requirement will be raised to 67.
However, government intervention may not be necessary, as many people around the world are already staying in the workforce beyond the traditional retirement age (perhaps more out of necessity than choice).
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