How to Become a Millionaire!

Regardless of where you go in the world, money is the basic
universal measurement for being "rich", or becoming a millionaire.
And it seems like everyone wants to be a millionaire these
days.

Steps

1. Open a savings account: Having a savings account is one
   of the many ways where you can set your money up to work for you.
   Your initial deposit of money grows whether or not you make
   additional deposits by interest. Learn the different types of
   accounts, including accounts like IRAs.


2. Buy stocks: If you are gung-ho for individual stocks,
   you should buy stocks of the companies whose products and services
   you use or purchase. One of the best ways to invest in individual
   stocks is through an investment club; you may want to consider
   forming one with your friends.


3. Buy mutual funds: Mutual funds are really an investment
   of other investments. When you own a mutual fund, you actually own
   the securities (stocks, bonds, cash) within the mutual. With mutual
   funds, you are pooling your money with other investors and
   diversifying your investment.


4. Audition for game shows: Game shows earn their money by
   the audience, not the contestants.


5. Find a "system" that has been proven to make people become
   millionaires. The top five producers of millionaires today are:
   technology - internet marketing, direct sales, home-based business,
   product distribution, and investments (stocks, bonds, real estate
   investment / development).


6. Find a mentor who has walked the walk and seek advice. Surround
   yourself with already-made millionaires.


7. Joining the Military is a great way to make money if your
   willing to spend the time and effort. Four years of enlisted duty,
   then four years of going to a Military Academy (College
   (High-Quality (Free))), and then ten years of officer duty will get
   you about $720,000. Every year you work for the military after that
   will get you around $55,000 a year with great benefits. If you are
   afraid of battle, join the Navy or the Airforce, as you are
   exremely unlikely to be involved in a major battle.

Tips

• Don't use a credit card much, all of the excessive spending
  will come back to haunt you, and you may end up in debt. Try
  getting a debit card for daily purchases, they're a lot easier to
  deal with. Use your credit card only for emergencies, and to
  establish your good credit.


• Try not to take any big loans, because that's "big" money that
  you'll just have to pay back, and you could end up in debt for that
  also.



• Control your expenses. You get rich on the difference between
  that and what you make


• Make it a game. Looking for opportunities to make money is
  supposed to be fun. Never sweat it.


• Read. The more you know the more you will perceive to be
  possible, the more you can make.


• Make it about something else than money. It has to be fun. Fair
  enough you are doing it to become financially well off but few
  wealthy get off on that alone.


• Make friends with people who share the same goals and values.
  It will reduce your downtime, and give you pleasure when you are
  down.


• Make friends with people who are different than you. They can
  be the greatest source of inspiration and guidance if you are open
  to their different perspective.


• Help others. Learn to be a caring individual that makes the
  world better for people around yourself. It will lead to more
  positivity coming your way. Also, donating to charities can come
  back to you in the form of tax deductions.


• Plan. Define what you want, Act on it, and Evaluate often to
  see how you are going.


• It is OK to be cheap, but never be cheap on things that give
  you value.



• Never invest more than you are willing to lose. This is
  particularly important when you start. The older and more
  experienced you get the less risk you are likely to take, or the
  better you are capable of taking it.


• Think a lot on why you want to become rich, what exactly you
  want to buy, what lifestyle you want. Make it specific, and date
  your time for having it and why it matters to you


• Money represents value. You might come to the understanding
  that you make money on giving something that other value more than
  what they pay. You spend the money to get something that is more
  valuable.


• If possible, make the maximum out your retirement fund provided
  either by your government or your work. Then proceed to put as much
  money in to an account like a Roth IRA.

Warnings

• Unless you are the wealthiest person in the world, there will
  always be someone with more money than you; there will always be
  someone with less money than you.


• Be prepared to make choices that are different than most people
  around you.


• Keep riches and wealth in perspective i.e. don't kill the goose
  that lays the golden egg. In other words, avoid neglecting the
  source of the wealth e.g. decent health.


• Money doesn't always buy happiness (but it can take care of
  almost everything else).


• Never steal money. So don't get any ideas about robbing the
  bank.


• Do not brag about how much money you have. Thieves will be more
  likely to target you. Consider investing in a means of personal
  defense such as a martial art or a firearm.