Yes, You Can Become a Millionaire In A Year!

How would you like to be a millionaire within a year? With Christmas coming up fast, it’s likely a little too late for you to grab this achievement this year from a standing start, but there’s absolutely nothing to stop you reaching this goal within the next year, starting from the time of reading this.

What you do need is a consistent game plan so that you can effectively drive yourself up to this exalted position. First, you’ll need a financial plan – a serious one that helps you take stock of where you are, and what you need to do to get where you want to be.

The next step is obviously to increase your income; you won’t be able to become a millionaire with just $3,000 a month, but if you can push this up to $20,000 and beyond, you’ll be in a much better place – and compound interest is one of your best friends – make use of tools such as a 401(k) Roth IRA to keep Uncle Sam out of your finances!

You will also want to boost your income streams. Why depend on just one when you can enjoy multiple streams – the more you have, the more money you make. This is a no-brainer, and maximizing your streams is a confirmed path to riches.

At the same time, you’ll want to consistently be upgrading your skills and knowledge so that you know where you are going. Mastery isn’t vital – but a broad knowledge is. Knowledge should be as fundamental as the air you breathe.

As you can see, becoming a millionaire is hard work and certainly requires a lot of self-motivation and change – but the reward is well worth it.