The 16 Dos and Don’ts of Becoming a Millionaire

You don’t have to be a contestant on a game show, win the lottery, or receive a windfall from a relative.

It’s no longer “Who Wants to Be a Millionaire” but how to become a millionaire.

Just follow the 16 Do’s and Don’t in this article,

and you’ll be on the road to becoming a millionaire.

Four Money Mindsets Used by Millionaires

While it might be easy to think that millionaires are just lucky, they think about how their money can work for them, not just how they can work  for money.

1. Use Time to Your Advantage

The majority of millionaires utilize the compounding nature of time, where growth builds on itself  over time.

2. Create Financial Goals

These plans allow them to make financial decisions based on their goals. A good financial plan means that to reach millionaire status isn’t an if; it’s a when.

3. Millionaires Increase Earnings

There are a few ways to go about increasing your earnings on your path to becoming a millionaire. If routine work is how you make money, you could ask for  a raise.

4. Millionaires Decrease Their Spending

This behavior—spend less, save more—is how to become a millionaire. It’s counterintuitive to our traditional thoughts.

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