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business or investment, but don't put it in plain old certificates of deposit either. Look for good solid investments with long-term track records such as paid-for real-estate and solid mutual funds. You need to be investing a large portion of your income to become a millionaire in any reasonable amount of time, upwards of 40% or 50% of your income. Remember, the more you invest, the sooner you'll become a millionaire.

Keep Looking to Improve A lot of us mathematicians put in the effort and do the math to see how long it would take to become a millionaire based on how much money we have, the track record of our investments, and how much money we are investing, and often we come out with numbers around 20 or 30 years from now. This can be a bit discouraging, but usually things will work out a lot better than the math says it will. You'll get raises, find ways to save and invest more, find better investments, and the like. You just need to keep looking for ways to improve your financial situation. This could mean getting a better price on insurance, finding ways to spend less money on your regular expenses, eliminating debt, taking on a part-time job or part-time small business, or practically anything. Just keep looking for ways to make your financial situation just a little bit better.

Becoming a millionaire is certainly not easy. There's no complex secrets of the wealthy that you need to know, you just need to do very smart things with money for a long period of time. Live on dramatically less than you make, keep looking to improve your career and financial life, and invest. That's all there is to it.

Learn more about this author, JQ Adams.
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