How To Reach One Million Dollars!

Some of you might be thinking, “There is no way with my current job or plight in life I can accomplish one million dollars!”

Yes you can!!!! It is a process, but there is a method and here are some tips!

1. Live below your means! Spend less than you make!
2. Any raises or bonuses that you receive, spend half but save the other half in a bank account or investment you do not touch.
3. Do not purchase a “keeping up with the Jones’” home. Warren Buffet lives in the same $31,500 home he bought in 1958.
4. If you are not getting paid what you are worth, ask for what you are worth or move on to a new job!
5. Invest for the long run; don’t panic when you see your investments go down like they did significantly in the recent month. Plan for the long term (if you have time with your age). Don’t go for the big “all at once” win!
6. Avoid the “feel good” spending kicks. A sports car is like a hard night of drinking, it feels good at the time but you wake up the next morning saying, “OMG why did I do that?” Go to gym instead.

Action Step for You: See how many of these 6 you do, or can do, in the upcoming months. Let me know how you do!