How to Become a Millionaire – 16 Dos and Don’ts

How to Become a Millionaire – 16 Dos and Don’ts

It's no longer “Who Wants to Be a Millionaire” but how to become a millionaire. You don't have to be a contestant on a game show, win the lottery, or receive a windfall from a relative.

Just follow the 16 Do's and Don'ts in this article, and you'll be on the road to becoming a millionaire.

Use Time to Your Advantage

Most people look for concrete paths to becoming a millionaire. But the essential ingredient to becoming a millionaire is intangible. It’s time.

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A good financial plan means that to reach millionaire status isn't an if; it’s a when.

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Create Financial Goals

Millionaires Do Simple Stock Investing

The stock market is one of the most common methods for people to become millionaires. One investing strategy is simple to describe.

Once inflation is accounted for, the stock market has a “real return” of about 7% per year. 7% is not a lot until it starts compounding.

Millionaire Investors Leverage Time

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In particular, millionaires frequently utilize experienced mentorship to help them stay on the path to wealth.

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Millionaires Seek Feedback and Have Mentors

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This perseverance might mean overcoming hardships. It might equate to ignoring critics. They keep pushing on, no matter the obstacle.

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Millionaires Persevere

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