So you want to be a millionaire?

Oct 24 2007 by Print This Article

Studies have shown that the majority of college students on business courses believe they will eventually become millionaires. In fact, a good number of them think they will reach that mark before they reach the age of thirty.

The question is, of course, how does one go about this? This piece on by Barbara Reinhold has some ideas.

First, keep in mind that millionaires don't earn money just to spend it. SO you need to change the mentality that says that the money you bring in needs to go right back out again. Those who are wealthy have learned to save and invest their money over a long period of time.

Learn to focus your efforts rather than spraying your skills all over the place. Write down your goals and keep them where you can see them.

A third tip is to learn the word "persevere." Once you have a goal, you should make it your single-minded purpose and focus on achieving that goal no matter what.

If you take careful or calculated risks, you can reap huge rewards. It pays to think about these risks and plan for them, but a streak of rebelliousness seems to run in most millionaires. Don't be afraid to take a risk.

Finally, it seems millionaires and those who have achieved their success financially also are very generous. While there are tax benefits to giving away large amounts of money to charity, there seem to be other reasons why those with money give plenty of it away.

So, if you follow the tips in the article and keep them in mind, you would be well on your way to being a millionaire. The rest, of course, is entirely up to you.