How to Become a Millionaire With Only $200 a Month.
The idea of becoming a millionaire launches hundreds of businesses a year and sells a lot of lottery tickets but can you become a millionaire with only $200 a month?
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.
The next step to becoming a millionaire involves freeing yourself from debt. The less debt you have, the more money you will have available for saving and investing.
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.
Although starting now is the best time, starting sooner is always just a little bit better. The sooner you start, the more time you will have to watch the tour bag of money grow.
Loog for frugal living hacks and find ways to spend less. Things like cutting out cable and switching to Hulu or Philo can drastically reduce entertainment funds.