5 Habits Millionaires Share, Explained: How Each One Works

Every family in the wealthiest tenth was worth at least two and a half million dollars in one country's newest central bank survey, and about eight in ten of them spent less than they earned. That habit leads a list of five, with retirement saving, bills paid on time, business ownership and light borrowing, read as a picture of what is common, not a recipe.

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Chapters
0:00 Intro
0:32 1. They spend less than they earn
2:05 2. They save in a retirement account
3:19 3. They pay their bills on time
4:33 4. Many of them own a business
6:03 5. They borrow little next to what they own
7:11 Recap

Sources
- A central bank's report on its newest survey of family finances, October 2026 (the 2025 survey; 4,367 families interviewed; a supplemental sample includes wealthy families; the 90th percentile of net worth was 2,539,200 dollars; higher-income families generally save more; how retirement accounts grow; private business equity is less liquid but offers greater operational control; leverage and payment-to-income ratios; families with debt are asked about late payments in the preceding year): https://www.federalreserve.gov/publications/files/scf26.pdf
- The same central bank's historical tables for that survey, real 2025 dollars, rows for the top tenth of net worth (table 1: 81.5 percent saved, against 53.4 percent of all families; table 6: 89.3 percent hold retirement accounts, against 54.9 percent; table 9: 43.9 percent hold business equity, against 15.4 percent; table 12: leverage ratio of the group 3.4 percent, against 10.0 percent; table 18: 0.3 percent of debtors had a payment 60 days or more past due, against 10.7 percent): https://www.federalreserve.gov/econres/files/scf2025_tables_internal_real_historical.xlsx
- The same central bank's variable definitions for that survey (saving means spending less than income over the past year): https://www.federalreserve.gov/econres/files/bulletin.macro.txt
- A markets regulator's investor education page, Build Wealth Over Time Through Saving and Investing (income and bills, a budget with room to save and invest, live within your means, workplace retirement plans, an employer match up to a certain amount, a retirement account you can set up yourself, automated contributions, raising contributions as income grows, a car loan with a high monthly payment): https://www.investor.gov/build-wealth-over-time-through-saving-and-investing
- An international organization's report, 2023 International Survey of Adult Financial Literacy (39 countries and economies; income strongly correlated with financial behaviour; making a plan for income and expenses, keeping a note of spending, noting upcoming bills, keeping bill money separate, automatic payments; paying bills on time counted as a financially savvy behaviour): https://www.oecd.org/content/dam/oecd/en/publications/reports/2023/12/oecd-infe-2023-international-survey-of-adult-financial-literacy_8ce94e2c/56003a32-en.pdf
- A small business agency's guide, Plan your business (market research on demand and pricing, lean business plans, one-time and monthly startup costs, the break-even formula, some companies may take years before turning a profit): https://www.sba.gov/counseling/plan-your-business/
- A small business agency's guide, Launch your business (open a business bank account as soon as you start accepting or spending money as your business; keeping business funds separate from personal funds): https://www.sba.gov/counseling/launch-your-business/

Research and fact-checking: Wealth Filings. Henry is a fictional, illustrated presenter. This video is for information only, not financial advice.