How to be a millionaire?

How to become a millionaire?

• what would be the easiest way to become a millionaire without out good grades. i'm not talking about lotto or sports either. someone i know suggested to move to california and find a millionaire old lady and try to marry her. sounds kind of easy but messed up to me.

• Answer:

  This has been answered numerous times on this site. There is no such thing as an easy way to become a millionaire. If it were that easy, everyone would be a millionaire. Typically the road to wealth is a lengthy, and hard road. Here are a few tips that I have found typically help, and seem to be a general consensus through several books, seminars, etc. 1) Find ways to maximize your cash flow. This can be working multiple jobs to pay ff debt, selling un-neccessary items you have in your home (old clothes, books, movies, etc.), starting a small resale business (for example, going to garage sales, buying things cheap, and selling them on e-bay). 2) NEVER live beyond your means. The money you earn, is something you invested a lot of time, energy, and effort to earn. Don't have it all accounted for prior to pay day. 3) Find ways to make your money work for you. The best feeling in the world is to log in to your account (bank or stock) and have more money than the night before that's not from your employer. How do you do this? A variety of ways. Retirement plans, stock purchases with dividend returns, investment properties that you rent, and anything else you can think of. It takes time to have these methods generate income. A good mix will provide great stability, and wealth over years. 4) Avoid credit cards like they are cancer. That's exactly what they are, financial cancer. They eat away at you, charge interest, fees, etc. So that burger you bought costs you more due to the fees and interest charged. 5) You can get extremely lucky....lottery, inheritance, lawsuits, or marry into money. These are not the best ways to go, because there is no stability in anything. If you marry for money, it won't last and you'll probably end up broke paying off your lawyer.