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Becoming A Millionaire Is Easier Than You Think

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It is easier than you think to become a millionaire. The fail proof calculation for getting rich is to simply make more money than you spend and then make sure that you invest that money in a venture that is profitable. From the times of the ancient Babylonians every advisor about wealth has recommended these three principles

1. Owning land or property

2. Paying your bills on time or in advance of their due date

3. Paying yourself first by always putting ten to twenty percent of everything that you earn in a high interest savings account

Here are some other ways to boost your wealth that might help you become a millionaire in as little as two years.

1. Get out of the wage slave mindset and become an entrepreneur. The richest people see jobs as being only a means to an end so they can go onto running their own business or to a profitable hobby like investing in real estate. Many people have become very rich in just two years by brokering houses in foreclosures to people who want to fix them up and flip them. Others have become rich by being self-styled gurus such as the marketing masterminds behind the best seller "The Secret."

2. The much-acclaimed magazine Adbusters maintains that one way to get rich is to "buy nothing for an entire year." This means no magazines, stereos, clothes, shoes. Buy nothing but the barest necessities and invest the money that you saved a high interest saving accounts or a GIC. Then let this money sit in there for ten years. This is one of the techniques that twenty somethings can use to become a millionaire by age thirty.

3. Choose a high yield checking account. High yield checking accounts are the wave of the future. A good example is ING, which pays 3% interest on your daily balance. However the drawback is that these types of accounts are often paperless so you can't use them as true checking accounts. You have to transfer money or take out cash for a money order.

4. Automate your debt payments and bill payments. If you do this then you will never miss a bill payment again. This helps you keep a pristine credit rating, which is important if you want to have a low interest rate on not only your loans and credit cards but also on your insurance.

5. Set goals for yourself. The most successful people in the world set goals for themselves and make a point of meeting them. This seems to work because saving money then becomes like a game that one must win against one's evil self that would like to spend, spend, spend. The key is to not make a budget so strict that you feel deprived. Like diets, budgets that are based on too much restriction are easy to fall off.
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