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Want to become a multi-millionaire, avoid twelve things. I’m Brian Banmiller on Business.

Who doesn’t want financial freedom and security, plus all the money to live your wildest dreams? According to Forbes there are millions of millionaires across the country and even more about to become one, just as long as they don’t fall victim to these common mistakes. According to Forbes this includes confusing a high income with being wealthy. The average millionaire is not trying to keep up with their neighbors, they are not dripping in diamonds or name brands. They live within their means as opposed to bringing in huge salaries while drowning in debt. Another reason, you don’t prioritize your spending. No one likes to budget but it’s a necessary evil. People who are good with money don’t treat their financial choices as a random event. So, plan for all your bills and payments and with whatever you have left over go on vacation, buy those shoes or go out for a night on the town. For more mistakes to avoid go to BanmillerOnBusiness.com. mistakes you can’t afford to make. Brian Banmiller, CBS News.

About Brian

CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.