Tuesday 2 August 2011

RETIRE A MLLIONAIRE IN 10 STEPS

                            Many people do invest or invest in stocks so as to make money, build a good financial future or even to become a millionaire some day. With a positive thought, you will be able to think and focus on your investment and grow your wealth. Thought like retiring a millionaire will help one to focus and build a good wealth. Below are ten steps that will help you to retire a millionaire:

1. Plan (plan to retire rich)

2. Save (you have to cultivate the habit of saving. This will go a long way to becoming a millionaire)

3. Get aggressive. ( If i talk about aggressiveness, what i mean is that you must involve yourself in the stock market. You must actively take part in the stock/share market. That is a good place to build a good wealth. So i say play the stock/share market)

4. Build an emergency fun. (Rainy day)

5. Increase your savings.

6. watch your spending. (Vacations/cars/kids/expensive home)

7. Monitor your portfolio.

8. Take advantage of every savings opportunity.

9. Find more ways to save money. (you can search the internet for more ways or see  money manager/adviser to help you out.)

10. Patience is  a virtue. (Lastly, what i will add is that you have to invest early, invest often and accept that the road to riches is often long and slow)