Description

I'm not a millionaire…YET!

But, it's something I'm actively working on and it's something that is realistic for everyone. It may be harder for some people compared to others, but it is possible.

There are 8 steps that everyone can take to work towards millionaire status.

Step 1: Affirm your million-dollar savings goal.

Step 2: Reduce your negative "profit margin".

Step 3: Live a life of frugality.

Step 4: Ask for a raise (or start making more money).

Step 5: Start investing.

Step 6: Remember, your 401k is an investment.

Step 7: Change your circle of influence.

Step 8: Stay consistent and be patient.

Anything worth having is worth working for. Don't give up until you reach you millionaire status!

Here's a glance at this episode:

• [06:28] Increasing your profit margin over time is the goal. The more you have leftover after your bills are paid, the more you can save and invest to get to the million dollar milestone.
• [11:13] Investing is one of the best ways to reach a million dollars, especially if you're getting a later start with your savings.
• [15:12] Leverage an online calculator to help you determine what you need to contribute towards retirement.

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This helps me support more people — just like you — to make the best money moves as they make their way to their dream life.

Resources mentioned in this episode:

Start investing with Betterment

Save your spot in the Launch Your Business Intensive! 

Merrill Lynch Retirement Calculator