There are approximately 35 million people who are millionaires in the world. As Robert J. Samuelson states so perfectly in The Washington Post, “That’s about 5% of the U.S. adult population (241 million in 2014), or one in 20. Rarefied, yes; exclusive, no.” Though the population numbers have gone up in the past year, they still prove a point. It’s totally possible for you to become a millionaire.

I personally have been a millionaire several times in my life. I’m an entrepreneur and take chances. Sometimes they pay off and sometimes they don’t. The following are a few of the tips that have helped me to become and stay a millionaire over the past couple of years.

While becoming a millionaire rarely occurs overnight, it’s still an achievable dream if you work hard and follow these eight frugal habits.