Millionaires strategically place their money in various accounts and investments to balance liquidity and growth. Cash equivalents provide quick access to funds for emergencies and daily expenses. Stocks, bonds, real estate, and alternative investments like commodities and cryptocurrency all play a role in preserving and growing wealth.

Some millionaires opt for traditional investments like stocks, bonds, and funds to earn passive income and grow their wealth over time. Real estate can appreciate in value and generate income. Private equity and hedge funds offer opportunities for significant financial growth, but require accreditation due to the risks involved.

To save like a millionaire, prioritize saving and investing, build an emergency fund, leverage tax-advantaged accounts, and focus on building passive income streams. Thinking long-term is crucial for financial success and security. These habits can help anyone work towards financial stability and growth.

Read more at Yahoo Finance: Where do millionaires keep their money?