Can a disciplined approach help create wealth? Some still contend that it can only have a limited impact in most cases. However, in the case of becoming financially independent, the self-made millionaires highlighted in The Millionaire Next Door demonstrated the value of “rigid rules of behavior:” spending less than they earn, limiting the trading of investments, etc.
Data Points’ research demonstrates the value of behavior and experiences in the prediction of net worth, regardless of one’s age, income, or inherited wealth. Likewise, this brief article by Jonathan Clements highlights the importance of small yet steadfast behaviors that can lead to signficant changes in one’s finances.