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 that we'll discuss.
Most people look for concrete paths to becoming a millionaire. But the essential ingredient to becoming a millionaire is intangible. It’s time. The majority of millionaires utilize the compounding nature of time, where growth builds on itself over time.
We think of millionaires as having a big house, a fancy car, the nicest clothes. But if you spend all your money, then you aren't a millionaire anymore. The truth is that most millionaires find ways to decrease their spending.
While some student loan debt is dumb, most people find their student loans manageable and worthwhile. Trading education for some debt was a good deal. But credit card debt is rarely worth it. It's dumb debt.
Millionaires seek growth in both their personal and financial lives. They aren't stagnant. Millionaires are constantly seeking to learn new skills and expand their knowledge set. They don't settle for the status quo.