There are very many reasons why you might want to be a millionaire. You are very happy in your work and in your life today? But maybe one day you would like to have more free time to spend with your children? Perhaps you would like from pre retire early to devote more time to your business? Maybe you'll be tired of the stress of your professional life? Or do you just want to be more relaxed about your future and you make a comfortable income?
![become a billionarire rich]( "become a millionaire Quickly in 5 steps")
All these reasons are good but will not make you a millionaire and unfortunately if you have not made a fortune with your company, if you are not from a bourgeois family or if you have no affinity particular with the underworld, there is little chance that you're a millionaire today!
1. Expand your income:
Of course, the higher your income will be higher the faster you will reach your goal. Yet I know people who have annual income 6 digits but possess only consumer credit or a big car whose value depreciates faster than ice in the sun. Needless to have very large incomes to become a millionaire.
The important thing is what you do with your money. You must prepare for future events in your life (birth, retirement ...) to cope financially.
You must do everything to try to develop your income. Be proactive and try to improve your situation constantly. You invest in a positive way in your work. Make a difference and take control of your life, think about the changes you can make. Develop other sources of income (business, internet ...).
Increase your income will take time but if you really want, you can do it.
2. Save :
Okay, you have developed your income and now what's happening? Regardless of your income, if you spend all or even more each month, you will not get rich! Maybe eat in great restaurants, dress in designer and roll in the last convertible fashion will make you look millionaire but will not make you become a millionaire, on the contrary!
3. Invest :
This step is very important. Many people manage to save regularly but do not invest their savings. Often by fear and / or ignorance.
Investing your money is the best way to "spend"! Let compound interest work for you and not against you. Need to be trader Defense or read the financial press every day to be a good investor.
The best advice for your investments is to invest regularly. If you follow this step, you already do a lot more than most people and develop your capital much faster. But you can increase your results by following step number four.
Do not put all your eggs in one basket!
Diversify your investments, whether in action, bonds, real estate ... Do not invest all your money in one place. You can not run the risk of losing work all your life.
Diversify your investments not only helps you reduce your risk but also increase your yields and smooth performance. Performance of the stock market, real estate, bonds ... often operate uncorrelated . When a sector is in crisis, another grows.
Develop a strategy for growth in the long term: Diversify your investments.
Fortunately, I have good news for you! There is another way to become a millionaire. And you too can get there. Need to have very large incomes, a large capital, win the lottery or marry an heiress! You simply need to follow and apply the following five steps.
1. Expand your income:
Of course, the higher your income will be higher the faster you will reach your goal. Yet I know people who have annual income 6 digits but possess only consumer credit or a big car whose value depreciates faster than ice in the sun. Needless to have very large incomes to become a millionaire.
The important thing is what you do with your money. You must prepare for future events in your life (birth, retirement ...) to cope financially.
You must do everything to try to develop your income. Be proactive and try to improve your situation constantly. You invest in a positive way in your work. Make a difference and take control of your life, think about the changes you can make. Develop other sources of income (business, internet ...).
Increase your income will take time but if you really want, you can do it.
2. Save :
Okay, you have developed your income and now what's happening? Regardless of your income, if you spend all or even more each month, you will not get rich! Maybe eat in great restaurants, dress in designer and roll in the last convertible fashion will make you look millionaire but will not make you become a millionaire, on the contrary!
Spend less than your income, is the key to your financial success. then save the difference. Obviously the more money saved, the higher you enrich quickly.
To not fail at this step, you can put your savings into "autopilot". To do this simply set up automatic payments to a savings account as soon as you receive your salary.
To not fail at this step, you can put your savings into "autopilot". To do this simply set up automatic payments to a savings account as soon as you receive your salary.
3. Invest :
This step is very important. Many people manage to save regularly but do not invest their savings. Often by fear and / or ignorance.
Investing your money is the best way to "spend"! Let compound interest work for you and not against you. Need to be trader Defense or read the financial press every day to be a good investor.
The best advice for your investments is to invest regularly. If you follow this step, you already do a lot more than most people and develop your capital much faster. But you can increase your results by following step number four.
4. Diversify Your Investments
You can become a millionaire by buying monthly shares of the same company for 20 years. You can become a millionaire by buying an apartment and hope that its value is multiplied by 10 in the next 20 years. It's taking a lot of risks with your money.
Do not put all your eggs in one basket!
Diversify your investments, whether in action, bonds, real estate ... Do not invest all your money in one place. You can not run the risk of losing work all your life.
Diversify your investments not only helps you reduce your risk but also increase your yields and smooth performance. Performance of the stock market, real estate, bonds ... often operate uncorrelated . When a sector is in crisis, another grows.
Develop a strategy for growth in the long term: Diversify your investments.
5. Repeat steps 1-4
Congratulations, you have implemented steps 1-4. Well continue. Simply repeat this process that you will achieve your goal:
1. Expand your income
2. Save
3. Invest
4. Diversify
Keep in mind your goal and how to achieve faster: increase your income by playing in your work, changing society or creating your own business, increase your savings to invest more and grow your wealth faster.
Many external factors will make the task more or less difficult. But follow this process will allow you to achieve your goal , whether it be in 5 years or 50 years. There is no secret to becoming a millionaire and if you apply these rules, you'll get there.