Millionaire Life
This is a key element of becoming a millionaire. Either you have the money in savings or you're spending it on things. You can't have both if you're aiming to become a millionaire. Most millionaires (a net worth of $1 million to $10 million) are living a very frugal and cost-effective life, without hyper-expenditure. To help you achieve your goals, here are some real-life strategies for how you can become a millionaire in five, 10 or 15 years. Whether your goal is to become a millionaire in five, 10 or 15.
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This is no get-rich-quick scheme
There are a lot of millionaires in the U.S. You could become a millionaire too because joining the millionaire club is just a math equation involving time, the amount of money you save and the rate of returns on your investments. The more money you save and the higher your rate of return, the quicker you'll become a millionaire. Of course, your work ethic and commitment to your goal of having a million dollars in the bank plays into it all too.
To help you achieve your goals, here are some real-life strategies for how you can become a millionaire in five, 10 or 15 years.
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Millionaire Life Draw
Whether your goal is to become a millionaire in five, 10 or 15 years, there are some basics you need to get a handle on first. Reaching millionaire status requires a solid financial foundation. These 10 steps will move you in the right direction:
Related: 8 simple pieces of advice from Warren Buffett that any investor can use