Many people flaunt their wealth online or promote get-rich-quick schemes, but in reality, most millionaires build their wealth through steady, often unremarkable means.

The “millionaire-next-door” typically follows a simple, disciplined process that’s so understated, you might not even notice their rise to seven-figure net worth.

Here are some subtle signs that someone is quietly building wealth — and if you recognize them in your own habits, you could be on the same path.

You can’t win a game you don’t understand — and that’s how many Americans are approaching personal finance.

According to Pew Research, only 54% of U.S. adults say they know a great deal or fair amount about personal finances. That figure rises to 72% among high-income households. (1)

In short, financial literacy is strongly linked to financial success. If you know how to create a budget, check your credit score, negotiate loan terms, or spot solid investment opportunities, you’re likely ahead of the curve.

As of August 2025, the U.S. personal savings rate is just 4.6%, according to Federal Reserve data. (2) If you’re saving more than that — especially without trying — you’re ahead of the pack.

Consistently exceeding your savings goals often signals that you’re either earning more than expected, spending less, or both. That surplus is a key ingredient in building long-term wealth.

If you regularly end the month with more cash than planned, it’s a strong sign you’re on the path to financial success.

While gig work and investing may seem widespread, most Americans rely on a single income source: their job.

In 2024, just 27% of U.S. adults had a side hustle, according to a recent study. (3) And in 2022, only 7.1% of taxpayers reported rental income, according to Flex. (4)

In reality, despite what social media suggests, having multiple income streams is still relatively rare. If you earn money from more than one source — whether through freelancing, rentals, dividends, or a business — you’re likely ahead of most Americans financially.

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Earning more doesn’t guarantee wealth — especially if spending rises just as fast. According to a PYMNTS survey, 48% of people earning more than $100,000, and 36% earning over $200,000, still live paycheck-to-paycheck.

It’s easy to upgrade your lifestyle with a bigger home, more cars, and lavish vacations. But if spending habits remain steady as your income grows, you’re likely living below your means — a key trait of long-term wealth builders.

If you find yourself consulting a tax professional more than once a year, it could be a sign of growing wealth.

The U.S. has a progressive tax system, meaning higher incomes generally lead to more complex tax filings. Add in multiple income streams — like rental properties, dividends, royalties, or business income — and your tax situation naturally becomes more complicated.

While it may be frustrating, a complex tax return often reflects financial success and diverse income choices.

We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.

Pew Research Center (1); Federal Reserve Bank of St. Louis (2); Bankrate (3); Flex (4).

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.