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A woman who studied 600 millionaires discovered where you choose to live has 2 effects on your ability to build wealth hhoffower@businessinsider.com (Hillary Hoffower) © Provided by Business Insider Living in a home you can easily afford is the key to building wealth. xavierarnau/Getty Images Your neighborhood plays a huge role in how much you save and spend, according to two researchers who studied millionaires. If you live in a pricey home in an affluent neighborhood, you re more likely to mirror your neighbor s consumption habits. This can affect your ability to accumulate wealth over time, as can the home s price most millionaires live in a home they can easily afford, which allows them to save more money.

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