How to Be a Millionaire

How to Be a Millionaire

In other words, you can inherit money from a rich relative, win the lottery, save for most of your life, or earn a million in your own business.

Inherit Money

This one is pretty straightforward. You either come from money or you don’t. Movies are full of stories about people inheriting millions unexpectedly from long-lost relatives, but don’t count on it. Even if you do have rich relatives, you could wait years and years before the millions become your own.

Bottom Line: It’s not your money, so don’t waste your life waiting for it.

Win the Lottery

The odds of winning the lottery mahzooz ticket price in a single state lottery are about 18 million to one. Looking to win one of the multi-state Mega-Millions? Your odds of winning jump as high as 120 million to 1.

Your odds of being struck by lightening are about 2.65 million to one. You are 6 to 45 times more likely to be struck by lightening than to strike it rich on your next lottery ticket.

Bottom Line: Buying that lottery ticket is about as productive for your financial future as striking a match to that dollar and watching it burn.

Save Money

Finally, a guaranteed way to become a millionaire! If you discipline yourself to save and safely invest 10% of your income from the time you are 18, there is absolutely no doubt in my mind that you will have accumulated at least a million dollars by the time you are ready to retire at 65.

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