Here is a simple five-word formula for financial success: Spend less than you earn. Spend less than you earn and then save or invest the balance. This formula can make you rich.
In the whole wide world of money there are only four major ways of becoming a millionaire. No matter what your background, you can learn to master one of these areas.
1. Investments: Accumulating shares of stock, bonds, CDs
2. Real Estate: Owning properties
3. Business: Marketing products, services, or ideas
4. Internet: Expanding possibilities
Imagine yourself in conversation five years from now. Try these words on for size:
“I made my millions in real estate.”
“I made my millions by investing in the stock market.”
“I made my millions in business.”
“I made my millions on the Internet.”
Which one seems right to you?
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