How to be a millionaire in 8 steps

It may seem nonsense, but it is not. Anyone could become a millionaire - including you. But just like anything we do in our lives, this depends on the right steps. Buying actions and betting on luck is not enough. In order to help you with this mission, we put together a step-by-step of things you should be doing to reach this life goal.

Use your intelligence

First, know your place. Know where you are and where you’d like to get. Only then, identify your competition, analyze your strengths, know the right moment to explore the opportunities you have. Don’t try to sell ice-cream during winter. Instead, get ready to plan a killer strategy to sell your ice-cream at the park in the summer. Changes and pauses are mandatory during the planning stage, and can definitely increase your efficiency and improve results.

Work hard

I bet you know people who are not afraid to actually make things happen. These are the ones who usually get promoted and end up becoming the company’s must-haves. Don’t just stand there waiting things to happen. Do it yourself.

Make mistakes, get better, keep trying

Sometimes it’s hard to accept our mistakes, but hey - we’re not perfect. Move on, learn from them, and admit your flaws. Some people spend their whole lives punishing themselves instead of trying to do something different the next time. Understand that millionaires don’t give up their dreams because they commit errors along the way. They just keep going.

Create something you love

Usually, millionaires know that the best ideas arise from the passion of making the world a better place. An example of that is the invention of the microwave, back in 1945, when the engineer Percy Spencer accidentally melted a chocolate bar while making popcorn and adjusting a radar.


Working in projects that keep you going is one of the secrets to succeed. If you love what you do, people will notice that. Also, remember that some of the most brilliant ideas come from experiments.

Control your budget

If you can’t even manage yourself, it’ll certainly be difficult to become a millionaire. Well, maybe if you win the lottery, but still… if you don’t control your earnings and expenditures, all that money would only last for a few months. Controlling your budget is about spending less than what you earn, and the only way to know how much you’re spending is to keep notes.

Invest

Usually, millionaires keep being rich because they’ve learned how to invest and get good returns. The good news is that investing isn’t as hard as many people think. There are websites and apps, such as Betterment, designed to lead you towards the best way when it comes to investing your money.

Don’t believe everything people say

What you believe affect your actions, and that has direct impact on your results. Some people will try and pull you down along the way, and that happens to everyone, even though you can’t let them take you - no matter what. Prove them wrong, show them you’re capable of reaching your goals.

Save money for hard times

Medical emergencies, for examples, can turn into regular occurrences, sometimes lasting months or even years. Accidents happen, companies and jobs are not immune to market changes. Don’t become the person who needs to borrow money from others because you don’t have a savings account. Save an amount to be used in such cases. Don’t wait for things to happen to only then think about a way out.

Now, it’s in your hands. Are there any other tips to help us becoming millionaires? Share them below!