Top Financial Habits of Millionaires – What You Can Learn

Meet Radhika, a 25-year-old marketing executive from Indore. When she got her first salary of ₹35,000, her friends were like, “Goa chalein?” But Radhika had other plans. 

No iPhone, no Zomato Gold binge—just a quiet promise to herself: save first, spend later.

Every month, ₹7,000 (a cool 20%) goes straight into a SIP in a balanced mutual fund. Another ₹1,000 into digital gold—because her mom said, “Beta, sona kabhi waste nahi jaata.” Fast forward two years, and her investments have grown to ₹2,20,00. 

No jackpots, no Shark Tank pitches—just slow compounding magic.

Meanwhile, her college gang are still untangling credit card bills like it’s a web series subplot.

Radhika? She’s sitting on a ₹60,000 emergency fund in a high-interest savings account, ready for any “plot twist” life throws her way.

She’s not rolling in crores (yet), but she’s playing the long game—building her future with the same habits 

that millionaires swear by: consistency, discipline, and the kind of patience you need to binge-watch a 10-episode K-drama.

Read More – How to Become a Millionaire in 2025
 

"Salary Toh Bas Trailer Hai, Net Worth Is the Full Picture"

You can make ₹1,00,000 or ₹10,00,000 every month—but if your money’s not staying, it’s not growing. That’s the key mindset shift most Indian millionaires have already cracked.

For example, when Radhika received a ₹10,000 salary increment last year (from ₹35,000 to ₹45,000), she didn't immediately upgrade her lifestyle. Instead, she used ₹5,000 of that raise to increase her monthly SIP. 

She also started monitoring her finances on INDmoney to see a clear picture of what she owns (assets) and what she owes (liabilities).

Her net worth is ₹2,90,000 (since she's debt-free), and she checks her progress every quarter, rather than keeping tabs only on her salary slips. 

This small shift made a huge difference in how she’s building her wealth.

Have a go at this: Monitor your assets (gold, FDs, mutual funds) and deduct liabilities (credit card dues, loans, EMIs). Utilise platforms such as INDmoney or Zerodha Coin to watch your net worth increase. 

It's not about how much you make—it's about how much you accumulate.

"Karcha Kam, Nivesh Zyada" — The Frugal Yet Fabulous Formula

Are millionaires all about Gucci belts and bottomless brunches? Nahi bhai, the true wealth creators are playing a different game.

According to the Knight Frank Wealth Report 2025, India's ultra-high net worths are largely investing a large part of their funds in property and other assets, clearly not wanting to indulge in luxury but instead build their wealth.

And no, a crore isn't required to start.

Let's examine Radhika's monthly budget using her ₹45,000 salary:

Instead of spending money on newer devices, Radhika goes thrift shopping and negotiates for better deals on her spending and saves ₹300/month on her broadband plan. 

These little, ongoing efforts add a lot to her financial progress.

Automate to Accumulate: SIPs and Smart Savings Tools

Millionaires don't spend their weekends doing math. They let automation do the hard work for them.

In March 2025, Systematic Investment Plans (SIPs) in equity mutual funds saw significant contributions of ₹25,926 crore, according to the Association of Mutual Funds in India (AMFI). This marks an emerging trend where investors use automation to efficiently build wealth.

For example, instead of sending money manually every month, Radhika set up an automatic way to invest her savings. This is how she does it:

With auto-debits and SIPs, Radhika doesn't think about where her money goes; it all just happens automatically, and she remains diligent.

Learn this:

1. Automate Your Investments: Open SIPs in mutual funds, auto-debits in PPF, or regular deposits through apps such as Groww, Paytm Money, or ETMONEY.
2. Set-and-Forget: You don't need to remember investing or saving since you set it up once and forget about it.
3. Auto-Pilot to Wealth: Consistency is the key, and automation makes it easy.

Debt Ka Detox — Millionaire Style Debt Consolidation

Billionaires don't only make money; they reduce their burdens as well.

Debt isn't always a villain in your financial story, but high-interest debt, such as credit card debt or personal loans, can be like a nagging shadow. Wealthy Indians are well aware of this, and that's why many of them consolidate their debts to simplify matters.

Debt consolidation combines your several outstanding debts into a new loan with a single monthly payment and a reduced interest rate to help you lower your financial stress.

For example, Radhika was in a difficult spot last year. She had:

Before Debt Consolidation

Realising the burden, Radhika chose to consolidate debt. 

After Debt Consolidation

By making this switch, Radhika's monthly EMI did not change, but she was paying much less interest. This freed up more of her money and allowed her to pay off the burden quickly.

• From ₹14,700 to ₹6,765/month = ₹7,935 saved each month
• Less stress + Lower to monitor + More savings to invest

Passive Income FTW: Paisa Kamaye, Neend Na Gawaye

Shah Rukh ne kaha tha — "Don't underestimate the power of a common man."

Hum kehte hain — "Don't underestimate the power of passive income."

Indian millionaires don’t rely on one salary—they let their money hustle for them. And guess what? Radhika picked up this millionaire mantra early.

For example, at 26, Radhika built three passive income streams that bring in nearly ₹2,400/month—without lifting a finger.

Tool Used

REIT (Embassy Office Parks REIT)

₹20,000 (one-time)

₹500

Groww

Dividend Stocks (ITC, Infosys)

₹30,000 portfolio

₹700