What are the top three most important things to do to become a millionaire?
Millionaires, they seem like mystical creatures, so mysterious and difficult to understand. Is it magic thou that makes them rich? No, of course not. So, if it isn't magic, what is it? Well, here are my 3 top things to do to become a millionaire?
1. Make money
Make as much money possible, most people that got rich did this by starting their own business. But you could also have a high paying job. As long as you keep enough money each month that you can use to invest.
2. Save Money
In order to become a millionaire you have to learn how to manage your money. The most important part of that is keeping your money. Try to live a simple life, don’t overspend, create a budget, live modestly. And you will see that more and more money will stay in your bank account. A good rule of thumb here, save around 10–20% of your monthly earnings.
3. Invest Money
Last but not least, invest your money in assets like stocks, bonds, businesses, real estate, etc. The more you do this, the more your net-worth will grow. Investing money is key to growing your money. The only difficult part here is that at one point you will see so many opportunities to invest, that you have to hold back a little and do your due diligence first before investing. Never invest more than you can lose, and keep in mind that investing also has risks.
In my opinion these are the 3 key things that most rich people do to get richer. There are of course a lot more ingredients that lead to riches. But I think theses 3 things are the most important.
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