6 steps to become a millionaire Becoming a millionaire is more about discipline and good decision-making than anything else. It is extremely important to keep your goal in mind all the way through the process and to let that goal guide your day-to-day spending decisions
Budgeting is probably the most important step towards becoming a millionaire. In order to build wealth, you have to be disciplined in your spending AND saving. Sticking to a budget will free up money that you can then use to its full potential.
Expose them to positive money habits. Show them how to save, spend and donate. Read them books about making and managing money. You can teach your children by example to have a better relationship than maybe you were taught to change their adult lives completely.
Investments are the most effective way to make your money work for you. The dilemma for most people is which one to choose. What you must remember is that any (relatively) safe investment is better than no investment.
Consistently choosing to invest your money will be key in your quest to become a millionaire. Even if you are only able to put $20 each paycheck towards reaching your goal, that consistency will play a big part in growing your wealth.