For many people there is a misconception that millionaires are a special breed that somehow got lucky and hit a jackpot or inherited large sum of money. In reality, the secret to becoming a millionaire is having a consistent and persistent savings plan and save part of the income on a regular basis. Success does not arrive overnight. Some of the most well known billionaires are consummate thrifts. For example, Warren Buffet is famous for living in the same modest house he has lived for number of years and driving a beat-up car.