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

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.

Four Money Mindsets Used by Millionaires

1. Use Time to Your Advantage The majority of millionaires utilize the compounding nature of time, where growth builds on itself over time.

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2. Create Financial Goals Millionaires develop written financial plans that serve as roadmaps to reach their destination.

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3. Millionaires Increase Earnings The fact is that most millionaires have a full-time job. And they might work it for a full 40 years. If routine work is how you make money, you could ask for a raise.

4. Millionaires Also 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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Five Ways to Invest Like a Millionaire 1. Millionaires Do Simple Stock Investing 2. Millionaire Investors Leverage Time

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3. Regular Investment, Regular Frequency Is the Path To Millionaire Status 4. Millionaires Invest in What  They Know 5. Millionaires In vest in Themselves

Four Personality Traits of a Millionaire 1. Millionaires Seek Feedback and Have Mentors 2. Millionaires Persevere 3. Millionaires Are  Consistent 4. Millionaires Are Conscientious

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