How To Become a Millionaire

Posted by Aspiring Entrepreneur | 9:08 PM | 2 comments »

Do you want to become a millionaire? Many of us, including me, is dreaming to become a millionaire. Nowadays, it's very hard to become one especially with the current global recession that crippled a lot of economies.

We want have some money to buy the things that we want. We want to secure our future. We don't want to pressure ourselves to work harder just to have some money to buy our basic necessities.

But what does it take to become a millionaire? I have been blogging about the steps and I came up with a list on how to become one.

1. How to Save Money - A lot of us are employees of certain corporations. We get paychecks every now and then from our hard work. Yet somehow, a lot us, are in the urge of spending the same money for expenses that are not worth it. We must learn how to save our salary. We must learn how to become frugal. No matter how large is your salary but if you kept spending it, definitely, you'll not end up becoming a millionaire.


2. Where to Invest Extra Cash? - If you have saved enough money, then educate yourself and fight inflation by investing your hard earned money. Assess yourself first when it comes to return, risk and liquidity and examine yourself if you really fit into that particular investment option that you are thinking.


3. What Makes Rich Gets Richer? - Learn also what makes the rich gets richer. Learn the fundamentals and different investing strategies of the so-called rich investors. Discover their tactics and immitate them. Learn how to differentiate between active income and passive income.


4. Cashflow 101 e-Game - Then play the cashflow 101 e-game for you to test if you already grasped the financial intelligence that you acquired. See if you can compete with other players to eventually come out of the rat race. It's one of the best games to play to learn how to become a millionaire.


5. Finally, to learn more about how to become a millionaire, you can read a research study on millionaires to know a millionaire's lifestyle, how do millionaires invest, and how did they become millionaires.


To further enhance your spirit and kick off that self motivation, you can also read the success stories of some famous people for it to serve as an inspiration to us that we too can also become millionaires like them.

a. Manny Pangilinan Success Story - The success story of Manny Pangilinan, the highest paid Chief Executive Officer of a company here in the Philippines.

b. Henry Sy Success Story - The success story of the richest person in the Philippines who owns all 33 SM Malls, banks Banco de Oro and a portion of China Bank, and several other business interests.

c. Jollibee Success Story - The success story of Jollibee, the undisputed leader in fast food chains here in the Philippines, knocking off multinational food chains such as Mc Donalds and Kentucky Fried Chicken.

d. Gokongwei Success Story - The success story of John Gokongwei Jr., a great rival of Henry Sy with several business interests.

Lastly, let's hear from Adam Khoo, Singapore's youngest millionaire on his million dollar interview as he exposes his strategies and techniques on how did he become a millionaire at a very young age of 26.

2 comments

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  2. Anonymous // August 1, 2009 1:25 AM  

    I;ve read an article about being a millionaire..check this out

    http://www.bizamo.blogspot.com