How to Become a Millionaire

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Here are some tips below on to increase your wealth to a million
Step 1
*Save vs. Spending*
If we take the time to save more as oppose to spend our money on unnecessary stuff we do not really want, then this is the best start to a brighter future.

No matter how small it is , we need to save a part of a salary , an average of 10% will eventually build up. For example 10% of $2000= 200 per month, which is $2400 in a year. In 10 years that is $24,000
Step 2

*Retirement funds*As young people, you need to save for retirement and one of the best way to do so is through a retirement fund. 401(k) and IRA.For example if are 23 years and deposit $250 per month, at 8% average annual return by the time you retire at age 65 you will have saved $985,749

Step 3

*Invest*You can buy shares online for as little as $4 per share from online brokers , such as sharebuilder. Do automatic investment by setting up a regular deposit to a mutual fund or broker. There are many ways to invest, and as long as you make wise investment decisions and let time and compound interest work for you, you will be successful.

Step 4

*Marketing Tools*Visit http://milliondollarebooks.blogspot.com/Here you will find a vast amount of Ebooks, with valuable tools that will help you to succeed.

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