Landing a cushy job with a big paycheck is not the only way to strike it rich. No matter what your personal income level, if you live below your means, maintain a modest lifestyle, and invest wisely, you are on the path to real riches.

The majority of self-made millionaires share the following five frugal habits – adopting them can lead you on the road to building lasting, long-term wealth and financial independence:

1. Leave the cash at home

Avoid traveling with your money-clip stuffed with cash and credit cards. Bankrate.com states that 86 percent of those forking over cash for luxuries such as expensive cars, jewelry, and electronics are wannabe millionaires purchasing luxury brands to act the part. Instead, model your spending habits after oil baron T. Boone Pickens, who only carries the exact amount of cash needed to purchase items on his ‘list’.

2. Never pay full price

The best way to hold onto more of your money is by refusing to pay full price for anything. Michelle Obama is often seen wearing frocks from Target or H&M rather than expensive designer couture. Hilary Swank has been spotted using coupons at the grocery store, despite her estimated net worth of $40 million. Having a frugal mindset and using the money you save on consumer goods toward savvy investments and savings accounts is a great way to build wealth.

3. Buy a modest house

Buy a modest, but comfortable home and build your retirement fund and savings accounts with the money you save in monthly mortgage payments. Take Buffett’s cue – he still resides in the same Omaha, Neb., home he purchased in 1958 for a modest $31,500.

4. Drive a modest car

Your vehicle really only has one purpose – to get you safely and comfortably to your destination. Pulling up to a stoplight in a Lamborghini or McLaren might impress a stranger, but the price tag of your car does not define your character, and at the end of the day, the people who count could not care less what steering wheel you are sitting behind. Facebook founder Mark Zuckerberg knows that – with a net worth of over 3 billion, he chooses to drive a modest $30,000 Acura TSX entry-level sedan.

5. Ditch the ‘lottery mentality’

Most self-made millionaires share one thing in common: They are action people. They do not sit thinking wealth just ‘happens’ to lucky people. They do not sit around feeling sorry for themselves. They are constantly looking for self-improvement, are addicted to knowledge, and take appropriate risks. Choose to have an ‘action mentality’ and to gain a competitive advantage in your financial endeavors.

People who spend their income supporting an unsustainable lifestyle may live with the illusion of being wealthy now, but they will eventually end up in debt, strapped for cash, and unable to retire comfortably on their savings. The majority of the truly rich are frugal. They take their modest income and transform it into wealth through wise investments.

When it comes to achieving real wealth, it all boils down to choices and personal responsibility. Which road to riches are you going to take?