(Newswire.net — August, 8, 2013) Phoneix, AZ– Becoming a millionaire isn’t for the young and innovative which some might have you believe. You don’t have to be a tech guru to earn some serious cash (although it doesn’t hurt to be up-to-date on technology). Anyone can become a millionaire at any age regardless of their background. Below are a few tips on how to become a millionaire at any age:
Look for a mentor: Mentors are an important tool for any potential millionaire to have. They offer you insight and advice ranging from how to handle your finances to what business venture you might consider investing in (whether it’s your time and/or money). FYI, finding a mentor who is already a millionaire will be the best option for you.
Starting you own business: The majority of millionaires became millionaires by starting their own business. Many of these businesses aren’t huge multinational corporations, but small local ones. In fact some of your local business owners in your town might be millionaires, but you would never suspect it (they might be people who wouldn’t mind being be a mentor even). Make sure that if you start your own business it’s something you will enjoy doing for the next 10, 20, 30 years. Many millionaires know they can retire at any time, but they enjoy what they do.
Invest: Like the majority of people, investing can be a complex and confusing process. Knowing what to invest in and not invest in can become overwhelming. Talk to a financial planner to help you decide on what investment options will be better for you (opening a mutual fund, DRPS, etc.) and your family in the long-term. Do your homework on your financial planner such as asking about their credentials, schooling, what they are licensed to do, etc. Also if they are pushing you to buy something you are not comfortable with then that might be a sign they are not a right fit for you. Plus do your homework on well-known self-made millionaires. One that comes to mind is Mike Dillard, who also has a site the offers tips/advice on how to become a millionaire.
Hopefully the above steps are helpful for you in learning how to become a millionaire. As mentioned before ask around for advice and learn from those who have been successful in becoming (and staying) a millionaire.