Wealth is never built by owing plenty of money; you have to start paying it too. Then only you can start building wealth. The reason as to why many people want to buy an extra house is that in the times to come, it may appreciate well and create an asset and an income in the shape of rent. You require the growth of asset and income to become a millionaire. So savings become important.
There is also another way or idea. Just put all the coins into a pot at the close of a day. Don’t open the jar. When the jar becomes full, take out the money that has been accumulated. Do not spend it on any unwanted expenditure but transfer it to a bank account out of your city. One more method is to really save on your everyday expenses. Stop buying a chocolate every day.
Do not always use the car to go to your office. At times, travel by bus also. Buy from the biggest shopping centre in the socially cost-effective area closest to your house. It is because such shops will be cheaper than the ones in other areas. Prepare your lunch at home and carry it to work. This can definitely save you some money and this can conveniently be deposited into your ‘out of city’ bank account.
Stop going to dinners and movies very often. Use your credit cards less if you have them, and try to discontinue them altogether. If you require the credit card numbers for any online purchase, then get a visa debit card or MasterCard. Pay the dues as early as possible and try not to use one again. I have not seen any one having multiple credit cards and carry forward the balances every month are rich.