![]() ![]() Start by taking a comprehensive look at your personal finances, including your current net worth, which is your total worth minus your total debt. Most of us aren’t born into wealth, but there are plenty of self-made millionaires out there. If you didn’t answer to Daddy Warbucks as a child, don’t worry - you’re in good company. Not stressing about personal finances sounds pretty nice, right? If you’re ready to get the ball rolling to your first million, here’s the rest of the game plan: Step 2: Start wherever you are Take our quiz for fun, then scroll down to learn how to become a real-life millionaire. Do you have what it takes to be a millionaire? ![]() So, how do you get there? While there are many ways to become a millionaire, this post lays out one of the most common paths to 7-figure wealth. They’re simply people who wanted to retire with confidence ( sometimes even early), able to cover their expenses without stress and maintain a comfortable, sustainable lifestyle. ![]() Real-life millionaires aren’t usually big spenders. With a little work, “millionaire” can apply to just about anybody. A millionaire can be a school teacher, a firefighter, a social worker … yes, really. Here’s the thing - a millionaire is anyone with a net worth of at least $1,000,000. Peanut, complete with a monocle, waving from a private helicopter with the Richie Rich logo on the side.īut that’s not what most millionaires look like. What does a millionaire look like? If you go by Hollywood, the millionaire lifestyle looks like fast cars and colorful shopping bags - or someone dressed like Mr. Reaching millionaire status doesn’t feel so tough when you take it one step at a time. Here’s how to become a millionaire in 9 easy steps: Especially if you’re trying to build that nest egg from scratch.ĭon’t worry though - it’s entirely possible to build wealth over time and get into the club (without having to appear on the Game Show Network.) Today, a million dollars may not stretch as far as it did in the late 90s, but it’s still a lot of money. If you were born in the 20th century, you might remember a game show that could add six zeros to your bank account - set, of course, to cheesy synthesizer music in front of a live studio audience. ![]()
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