(Newswire.net — August, 6, 2013) Phoneix, AZ– Since the 2008 financial collapse, many people have wondered about their financial future. Will it be better or worse? Will the economy recover or will it sink even further? No one can accurately predict the future (not even the best financial gurus), but preparing yourself is always a good thing to do. Some may achieve millionaire status overnight while others it may take a little longer. However it is still achievable. You may just have to be more patient than you would like. Luckily there are ways how to become a millionaire in 10 years:
Pay off your mortgage as soon as possible: Getting rid of your mortgage payments means extra money in your pockets, which means more money to save/invest. Plus knowing you own your own house and the government can’t foreclose on it is a pretty nice feeling.
Get a part-time job: Many of us have full-time jobs, but adding a part-time on the side can further your financial goals even more. This can be starting a home-based business to working part-time as a security guard. In fact some people’s home-based business becomes their full-time ones later on because it generates more income.
Open your own business: Some people just go head first when it comes to opening their business. You probably won’t make a profit in the first few years, but many have achieved millionaire status by starting their own business and growing it.
Save/Be frugal: Since the 2008 financial disaster, may people have taken this tip to heart and Americans have been saving more and spending less over the last few years. Stretch your dollar whenever you can and with the extra money you can either invest it or save it for a rainy day.
Read up on other millionaires: Learn about how other millionaires obtained their wealth either by reading about them or seeing if they have a website online. One millionaire, whose online group has been gaining steam, is Mike Dillard who founded The Elevation Group in 2010. Their goal is to give people the tools into becoming a millionaire.
The above advices are ones that other millionaires have used so they are tried and true methods. Hopefully they will work for you as well, but remember to be patient.