So You Want To Be A Millionaire? – Introduction

This entry is part 1 of 8 in the series So You Want To Be A Millionaire

For many people, the idea of becoming a millionaire, triggers thoughts of all sorts of get rich quick schemes and scams, or maybe winning the lottery.

Naturally, one would rather be rich sooner than later. But how would you feel if you spent your time pursuing these quick fixes, only to reach retirement age with little or nothing to show for it? Read the rest of So You Want To Be A Millionaire? – Introduction »

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Save And Become A Millionaire

This entry is part 2 of 8 in the series So You Want To Be A Millionaire

Save

That sounds simple, and probably too simplistic for some. But do not overlook it! Consider how much saving $100 a month will impact your monetary value in 20 to 30 years time. Read the rest of Save And Become A Millionaire »

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Pay Yourself First!

This entry is part 3 of 8 in the series So You Want To Be A Millionaire

If you’ve read any of Robert Kiyosaki’s books, or other books on acquiring wealth, you’ve probably heard this phrase before. There’s one guy, who when first encountered it, used to wonder how practical this was. That’s because he did not understand the meaning. He would reason that if he paid himself first, then tried to take care of the bills, then there might not be enough. Or, he would have to pay himself only what he knows he would have remaining after all expenses got taken care of, and in which case, it wouldn’t matter whether he paid himself, or the bills first. Read the rest of Pay Yourself First! »

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Automate The Millionaire Plan

This entry is part 4 of 8 in the series So You Want To Be A Millionaire

Automate

One of the regular problems with a good plan, is getting it implemented. It is good to put away a portion of your income to a retirement fund. It is good to save. But human nature being as it is, causes the plan to abort, if not before it even gets started, then probably in the very early stages. Most people just don’t have the discipline required to carry out something positive on a regular basis, for extended periods.

The good news is Read the rest of Automate The Millionaire Plan »

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Build A Reserve Fund

This entry is part 5 of 8 in the series So You Want To Be A Millionaire

Build a reserve

Now that you are saving, you need to have some targets. Maybe you want to buy a car, and/or a house. You need to plan for these things. How much do you want to pay upfront, and how much are you willing to borrow? Read the rest of Build A Reserve Fund »

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Buy A Home?

This entry is part 6 of 8 in the series So You Want To Be A Millionaire

Buy a Home?

The heading is phrased as a question rather than an advice statement, because there is a debate about whether this is really a good idea. It is pretty much agreed that owning a home is a good thing, but the question is, at what point is it best to do this Read the rest of Buy A Home? »

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Eliminate Credit Card And Other Bad Debt

This entry is part 7 of 8 in the series So You Want To Be A Millionaire

Eliminate Bad Debts

There are some debts that are terrible, and some that actually result in profit. Read the rest of Eliminate Credit Card And Other Bad Debt »

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Give Back To The Community

This entry is part 8 of 8 in the series So You Want To Be A Millionaire

Give back to the community

Now that your mind is set on the millionaire path and you have a plan in place, allocate some portion of your funds for a charitable cause. Demonstrate confidence in your fortune to come Read the rest of Give Back To The Community »

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