Millionaire Calculator: Here’s How Much To Save Every Day To Be A Millionaire.
Thomas J. Stanley, PhD, and William D. Danko, authors of Millionaire Next Door say saving is not enough.
Investing your hard earned money to see it multiply and give you returns is key.
But deciding what you are going to invest in can be a daunting task.
Finding an knowledgeable and successful financial planner is essential. Do your research, don't just hand in your money to just anyone. Ask for reference, even testimonials.
You need to be willing to give up certain things that are really just luxuries.
You don't need to eat out everyday at lunch, make your own food at home. Also, cut down your cable bill or cancel it all together.
It does take adjusting to this lifestyle but think of the light at the end of the tunnel.
Invest in a good coffee machine so you are not tempted to buy coffee everyday.
Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money That The Poor And Middle Class Do Not!, author Robert T. Kiyosaki, furthers that sentiment.
His Rich Dad, Poor Dad book sold over 27 million copies. It resonated with people when he said that you get rich by saving money not by making tons of it.
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