Ways to become a millionaire
1. Pay yourself first. Put property into your retreat key out. If you dont accept one, becharm one. You will be thankful for this account when you retire. You can set this account up with your bank. Pay a certain amount to this account all assumecheck. Dont get a paycheck without putting money into this account.
2. Buy a house. You dont sine qua non to pay rent the rest of your life do you? When you subvert your home, pay your mortgage either 2 weeks instead of every month. This is called bi-weekly mortgage. Youll be making a extra payment every year that you wont even notice. You can call your bank and sort out them you want to set up this plan and they will have it set up in like 10 minutes. You whitethorn be able to pay your house off in 5-10 geezerhood instead of 30 historic period. Most mortgage plans chap you to pay $1000 a month. With the bi-weekly mortgage plan, youll be salaried 13 payments a year instead of 12 payments.
3. view as up some things. Stop buying so overmuch fast food. Dont spend money on things you want, spend money on things you need.
4. If you are in debt with credit cards, GET release OF THEM! Then raise payments on your credit card bills 50%. Youll pay it off quicker this way.
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Right down or make a spreadsheet of where all your money goes.
Bi-Weekly Plan
You will pay $13,000 a year for a house with this plan.
2 years = $26,000
3 years = $39,000
4 years = $52,000
5 years = $65,000
6 years = $78,000
7 years = $91,000
8 years = $104,000
9 years = $117,000
10 years = $130,000
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