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- Those who are truly good with money know that consistent savings, living below their means, and spending their money in a way that grows their wealth are key, according to personal finance expert and author Lynette Khalfani-Cox.
- They'd rather spend on things that are good quality items and on experiences that will last, rather than spend on the latest and greatest gadgets, luxuries, and cars.
- She also says not everyone who's good with money is a millionaire - you can be smart with the money you have at any income level.
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For people who are good with money, it's not about always having the latest and greatest, or even having huge incomes or bank accounts. It's about good habits for saving and planning for the future.
According to Lynette Khalfani-Cox, an author and money coach, there are certain habits those who are good with money know that the rest of us just don't understand: