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Making money: The path to becoming a millionaire

This is not impossible, and sometimes it happens very fast; other times it takes longer. This is not a get rich scheme, and no matter what there is a price you have to pay to become a millionaire.
I guess the first step is to have the burning desire to being a millionaire in the first place. It kind of reminds me of a guy I was in the army with. He had a golden cross in his footlocker, and three times a day he would take the cross out to pray for money. This was over fifty years ago, and you know what he made it too. Today he is worth millions.

Another way to become a millionaire is being cheap, and saving all of your money so you can live on beans. You'll find that you can become a millionaire this way, but your cheap ways will follow you all your life. I had a boss like this once. He always looked like a hobo to the extent that his son called the police to remove some hobos that had setup a jungle on part of their property. The first one they removed was the owner; he looked more like a hobo then the real ones.

The fastest way to gain great riches is to win the lottery. The trouble with this method is that it is pure luck, and the odds are stacked against you. Most of the people who are lucky enough to win are broke a year or two later. The money just doesn't stick to them.

You'll never become a millionaire working for someone else. They may become millionaires on the fruit of your labors. Neither will you make a million working as a self employed person. This is potentially possible but without other streams of income you'll be lucky to make a living wage. The real trouble with these methods is that the tax burden is heaviest on both of these groups. This alone is enough alone to keep members of these groups from ever reaching their goal.

The ones who are most apt to become millionaires are the risk takers. These are the people who have other people working for them in their businesses. They are also the group who has more then one stream of income. Much of this income comes too them through what we call passive earnings. This means that the income comes to them by their not having to work for it themselves. Examples of this are interest, dividends, rent, royalties, and other sources of money that just come to you by themselves.

This is how to be a millionaire!

Learn more about this author, John Carter.
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