While you may be looking to make your first million off of your business alone, the fact of the matter is that becoming a millionaire does not just come about by raking in profits from your business.

It arises from the decisions that you make in your day-to-day life as well.

There are more millionaires than ever nowadays, and it’s not because the financial market is good; in fact, it is pretty common knowledge that the economy has definitely seen better days, and the people able to find success in it know how to act accordingly. To become the next millionaire, you will need to blend business practices with responsible financial decisions in order to both maximize profits and squirrel away some cash for the winter.

Even though this is easier said than done, the things that you have to do to become the next millionaire are theoretically fairly easy.

1. Buy the things you need rather than the things you want.

Even though one of the reasons people strive to become millionaires is to be able to afford the things that they want to do, living in a house far too big for your needs or shelling out on a vehicle more luxurious than you require is going to set you back in your goals.

2. Spend less than you earn.
This is saving money and accruing wealth 101, but even old advice can be good advice, and such is the case with this.

3. Make sure that you can pay off the things that you buy.
And the quicker you can pay them off, the better! This will enable you to search for a job that you love and will therefore be more conducive to putting you closer to your goals.

4. Exercise patience.
It may be really tempting to up your quality of living or your lifestyle expectations as you begin accruing more money and assets to make you into a millionaire, but you will not reach your goal by taking some out of the pot.

5. Utilize automatic paycheck deductions.
You cannot spend what you do not have, so having these set up with your bank is going to help you save money better than many other tactics will.

6. Pay off your credit cards every month.
Having a good credit score is always a strong financial situation to be in, but making sure that you can afford what you are spending is even better when you are trying to become a millionaire.

7. Use time to your advantage.
The quicker you start saving, the better. If you begin saving in your twenties or thirties, you will be able to take advantage of compounding interest and put yourself in a better position without having to do much extra work.

8. Realize that money doesn’t buy happiness.
When you are working for a wholesome goal instead of a ploy to satisfy material urges, your goals will come to you faster and easier.

9. Realize that ‘life happens.’
Having a bit of money on the side separate from your millionaire fund will keep you on a steady track toward that goal; after all, you never know when a financial emergency will rear its ugly head.

10. Focus on being debt-free.
Even if you have income coming in every month, if you have any sort of debt, you need to be deducting that from your gain — if it comes out negative, you are not financially free, and will not be able to achieve your millionaire dreams yet. In order to be the next millionaire, you have to make sure that your debts are all paid.

11. Work hard and diligently.
If you keep putting in the effort, it will be easier to make amends after a financial mishap.

12. Get a second job.
Not only will it add to your savings that much faster, but also, if you stay busy, you will have no time to spend the money that you are trying to save.

13. Don’t be afraid to have a big vision.
Most modest savings plans do not end up panning out as the people who made them would have liked. Having a vision larger than what you can currently deliver will actually be the best way to ensure that you meet your goal.

14. Have good money management skills.
Keep up to date on what you need to know to manage your money, and realize that without good management, it will never grow or mature into what you would like it to be.

15. Do what you enjoy.
Working in a field you enjoy will be one of the fastest routes to financial freedom and success, as you will spend more time at work and excel at it, putting you in a better position for promotions and pay increases.

Read: How to Become a Millionaire by Age 30 Guaranteed

16. Pay yourself first.
This will keep you satisfied and will help you achieve financial success with your goals.

17. Go out and find your money.
Simply saving and hoping that it will come to you will never be good enough. You will only receive what you earn.

18. Invest in yourself.
Without furthering your education or professional development, there will be nothing to set you apart from others, and no reason for your employer to aid you in your goals.

19. Invest in property when you do buy assets.
Having property on hand is always going to be a good asset, as there are always buyers for property and property values are beginning to climb again, healing from the collapse in 2008.

20. Realize that there is more than one way to approach a problem.
Being versatile will lead you quickest to the solutions for your problems.

There’s certainly no surefire way to becoming a millionaire. After all, if there was, everyone would be making millions. However, if you manage to blend the right business practices with solid personal finance skills, there’s no telling where you’ll end up. Follow these 20 guidelines, and you, too, can become the next millionaire.

Read the original article on Inc.