Millionaire. It’s a word that appeals to many – for good reasons that go beyond the obvious financial benefits. According to Northwestern Mutual 2024 Planning and Progress Study87% of American millionaires say they are clear about how much they should save for tomorrow and spend today, compared to just 66% of the general population. They also feel much better prepared: 87% of millionaires expect to be financially ready for retirement when the time comes, more than 30 percentage points higher than the average American.

While to be “very rich” remains elusive to most people, the wealthy practice five financial habits to create and preserve their wealth that everyone can use to move toward greater financial security.

1. Focus on the big picture