Timo Yla-Soininmaki


Even though a million dollars is no longer as much money as it once was. Not too long ago one could almost retire on one million, but it is still a lot of money. If you are old enough to retire near future one million dollars could help you a great deal to have a nice comfortable retirement.

That is if you have lived within your means for the last 10 to 20 years. But if you have a lot of debt and expenses you can burn through a million real fast. You may not even be able to retire as this is the case for too many people today. They have trusted their good luck or just wish for some sort of miracle that will enable them to retire in debt free. Most people in US don’t have enough money to retire and to keep their current living standards.

According to the Social Security Administration; take any 100 people at the start of their working careers. Follow them for 40 years until they reach retirement age, and here’s what you’ll find:

- Only 1 will be wealthy.

- 4 will be financially secure.

- 5 will continue working, not because they want to but because they have to.

- 54 will be dead broke – dependent on their meager Social Security checks, relatives, friends, and even charity for a minimum standard of living.

- 36 will be dead.

- That means only 5% of the work force ends up being financially successful while 95% retire more or less destitute.

What group of people you will belong to at your retirement? Even if you are close to a retirement age, there are still many things you can do to better your future. And if you are still young don’t trust your good luck that you will be ok at the retirement age, even if the most of the population does so.

Simple solution: Be smart; plan early and act on your plans. Be careful with your money. Start saving money early. Spend less than you earn. Invest smart. And the most importantly live healthy so that you will not be one of the 36 who will be dead. Find your passion, eat healthy foods, don’t put on excess weight, live clean life without drugs and cigarettes, eat your vegetables, stay mentally and physically active, take your vitamins, exercise and reduce your stress levels. Stress kills!

If you are already close to the retirement age; make a clear plan for the next few years with a calculator in hand. Sell all the junk you don’t need. It’s surprising how much money you can make that way and you will feel better when your closet and garage are empty. Stop buying junk and start saving like there is no tomorrow. Get rid of useless second cars, boats, trailers, summer homes etc. if you are not using them. Pay off your debt; especially credit cards. Put your savings to work by investing them to something that will give you good return, but since your are close to the retirement invested safely. Try to find a second source of income if possible. Something that you can do on the side like; selling stuff on EBay, making something by hand that you could sell. Write book and sell it. Do consultations on your field of business etc. This second ‘job’ should be something you truly enjoy doing not just a job. You will need something challenging and interesting to keep you going once you retire. Sell your home and downgrade it; you may not need as big of a house or apartment any more. All this can easily save thousands of dollars that will be very handy once you retire. Most folks have no plans what so ever. A good plan is half the battle.

There is a way to retire rich, but it takes a lot of planning and doing. If you are from a rich family then it’s a different story, but if you are on your own, then you must be very smart in order to retire wealthy. One mistake is that especially when it comes to investing and stock trading people expect huge returns or they have no good plan as how to make the market to work for them. You must be patient with the market. Don’t spend your hard earned money on stock recommendation letters that promise you something that sounds too good to be true. Find a turtle that delivers positive returns year after year.

Actually it doesn’t take that much growth to have a nice nest egg at retirement if you have the luxury of time. For example…. actually why should I do it for you? You calculate yourself how much money you need to save to retire in style (millionaire) and maybe you will learn something in the process. Yahoo site below has a ton of financial calculators. It even has a ‘How to become a Millionaire’ calculator.

Good luck with your quest for money and happiness. Don’t forget the happiness part it is more important than money. Too many people work for long hours for years practically killing themselves trying to become wealthy to be totally disappointed once they reach the riches. Enjoy the trip; you may or may not reach your monetary goals, but you will have a certain amount of time on this great earth; use it wisely by enjoying it as much as possible at any given time of your life.

If you like stock market, gold and ETFs check out my www.etf-gold-stocks.com website. It offers 3 free months limited time and no credit card needed.

http://finance.yahoo.com/calculator/career-work/sav-01

http://finance.yahoo.com/calculator/index;_ylt=AnULo0WF5MqIm5Kcz5nudMq7YWsA

Rex Arlington


There are many get rich plans on the market or people who will offer their advice on investments. Some have written books and some have infocommercials etc. Only few have proven that their techniques work when carried over to the masses. Of course, many times, the programs that are offered to people are from people who happen to have success at it and realizing that it cant be done by everybody or forever, they package up and sell their ideas. You know the deal, its those shows you see on your TV at 3AM in the morning. Its some guy selling his real estate package because he made some good money once maybe 20-30 years ago.

Name recognition is something that wealth builders use to promote their products. Some are real and viable products such as Loral Langemeier Millionaire Maker. But many of the products you see are not that good and have questionable ability to make a profit for the majority of people who invest in such programs. Sometimes Wealth Building programs have good name recognition because they deserve it and sometimes its marketing strategies that promote these systems and packages.

You should learn new investment strategies to increase returns; get your money working for you; building wealth by building cash producing assets instead of letting your money sit in savings making less than 5% Adopt a millionaire mindset; overcome your psychological barriers to creating the wealthy lifestyle you deserve. You should learn how to structure your business entities properly and cover the costs of owning a home, sending your children to college, and securing an enjoyable retirement. You should learn how to eliminate credit card debt while you create consistent, diversified streams of cash.

If you want to make money and you want to make millions and learn from a Millionaire Maker, it’s best to learn from quality sources such as Loral Langemeier.

Rex Arlington


Everybody wants to be a millionaire. There are game shows to make a million dollars. There are get rich schemes to make a million dollars. There are lottery tickets that pay a million dollars. There are many many ways that people try to get rich and as the old saying goes, become a millionaire. Sometimes on TV I hear comments like “there is a millionaire made ever 90 minutes or something funny like that. They act like even if you made a million dollars, it was no big deal because everybody has a million dollars.

Ok, hold that thought. Thats rediculous. Most people are not millionaires. Most people will live and die without being milionaires. Oh sure, if the average working person saved all their pay for a lifetime and someone else paid their bills their entire life, its possible that person would save a million dollars. But if a person starts from scratch with no money and works for a living in an average industry making and average salary and has average bills.

If a person wants to million dollars, normally in life, a structured plan is a good idea. If the desire is to make a million dollars, then using quality methods and investments are the correct path to success. The real way to make a million dollars is to learn from professionals who have experience not only in making money but sharing their knowledge with others. There are obviously many examples of these entities such as Armando Montelongo. The point is to find exactly what your interested in and then align yourself with good support. For example, if your specifically interested in Real Estate, then align yourself with a Real Estate Coach. If your interested in investing money and an array of investment options, align yourself with a professional wealth build expert.

Ryan


Becoming a self-made millionaire is not easy work, unless you get luck. So how do you become a millionaire?

1. Becoming a millionaire takes desire. Most self-made millionaires and business owners have a passion that cannot be stopped. It makes them tune out the nay-sayers, dedicate everything they have to achieving their goals and taking some risks.

2. Becoming a millionaire takes having an ability to solve problems. By solving problems, self-made millionaires have the uncanny ability to create and provide value. When you can do that people are willing to pay top dollar for your service, experience and work.

3. Becoming a millionaire takes patience. Being a part of the affluent class does not (usually) happen in short periods of time. You have to see the big picture, have a long-term goal and realized the little bits and pieces will eventually evolve into great wealth.

4. Becoming a millionaire requires controlling emotions. Self-made millionaires at times have to take substantial risks, which means making decisions because of a set of rules or strategy, and not based on emotion.

5. Becoming a millionaire requires creating your own luck. When being in the right place in the right time and having things constantly work out in your benefit happens all of the time, it is not actually luck. Creating your own luck is possible, it just requires putting yourself out there and being able to see opportunities and take action.

These are just some of the characteristics of self-made millionaires. Some of these are innate characteristics that people are born in, but if you find your passion they can be developed.

Ryan


Do you think you could become a millionaire if you paid yourself $20 a day? How long would it take you?

If you simply put $20 every day of your life in a piggy bank, it would take you 135 years to save $1 million. Unfortunately, at a 3% inflation rate, by the time you saved that much money it would not be worth very much.

But what if you saved $20 a day and invested it – how long would it take? Considering the stock market returns about 10% a year when invested over the long run, and take compound interest into consideration, your investment would turn those $20 bills into a million dollars in about 25 years. That’s quite an improvement.

Of course that is easier said than done. In order to actually accomplish this you would have to actually save $20 a day (or about $600 a month) and then have the discipline to actually invest that money in a diversified fund.

But that’s the easy part. How many ways can you decrease your spending to save an extra $20 a day? Think about the amount of money you regularly spend on things you could really do without. Sure these are the greater things in life that you work hard for and deserve to enjoy, but would you give up enjoying lattes in exchange for having an extra $1 million in your bank account?

If not, then think about the alternative. That is to find ways to increase your income by an extra $20 a day. Discover your talents and skills and figure out a way that you could use those unique qualities to provide a valuable service. Once you find a way to provide value you have an opportunity to bring in a lot more than an extra $20 a day.

Ryan


What would you do if you were a millionaire? Would you travel more, spend more time with your family, or would you like to use your money to help others.

It’s not worth dreaming about because it’s not that easy to become a millionaire, right? Wrong!

Do you want to know the secret to the easiest way to become a millionaire? Chances are you already know but haven’t realized just how easy it really is.

Just about anyone can become a millionaire without even trying. If all you did was max out your 401k every year for the next 20 years, you will have $1 million, based on a 10% rate of return. That’s without even considering company matches to your contributions.

Imagine, a 30-year-old just by investing in their company’s 401k plan can have a million dollars by they time they reach 50-years-old.

If that same person started made those contributions when they got out of college, let’s say age 22, and continued to make those contributions until age 65, guess how much money they would have accumulated in their retirement fund? Over $9.5 million, and again that is when not even considering employee matches.

As you can see, just by participating in mindless, automated investing programs like your 401k, you can become a multi-millionaire without even really trying.

But there’s another lesson here. The secret to investing is not so much buying the right stock at the right time or by a stroke of great luck. The example above is how much you can make just by investing in average returns. The key difference between one million dollars and 10 million dollars is time.

The sooner you start investing, the amount you make is compounded. The difference in just a couple years can make such a huge impact in the amount of money you can have sitting in your bank account during retirement.

Get started on building the life that you want to enjoy and take advantage of the easiest way to become a millionaire.

Ryan


Wouldn’t it be nice if there was a specific formula for making millions of dollars? “If you want to become a millionaire, all you have to do is A, B and C.” You know . . . . ” . Go get a degree in small-business management, talk to Jim at the bank to set you up with a McDonald’s franchise, and invest in Microsoft today because it will skyrocket tomorrow when they report earnings.” Unfortunately, life is not that gravy. The good news is there are some defining characteristics, habits and belief systems that self-made millionaires share in common. Take this a step further, and I believe almost all self-made millionaires’ financial success boils down to one thing.

Now, I’m not talking about the 0.5% of “self-made” millionaires that inherited their money or scored big on buying Microsoft at its lowest-low and selling at its highest-high. I mean the people that sacrifice, slave, and sweat their way to become financially free. I’m referring to the people that spent 20-30 years on a strict budget, giving up everything to build successful businesses – all the while living well below their means, and doing it happily at that.

What makes these people not want to spend the money they worked so hard for on a nice car or huge houses? Why would they choose to read Money magazine and study business over watching the NFL draft? This lifestyle just sounds boring and exhausting. After all, what’s the point then of being filthy rich?

The answer is Drive. But not only drive – the meaning behind their drive. If you peel back the onion, you will find that what makes millionaires become rich is an ultimate factor that keeps them grinding away to accumulate so much wealth. How else can someone willingly sacrifice so much over such a long period of time? Because they have no choice.

The reason behind their motivation is so strong that there is no alternative. This is living life as they know it.

To become a self-made millionaire you will likely have to do it the hard way like most people in this class. If you are truly focused to become a millionaire, you are far more likely not to succeed if you are unable to identify that element that pushes you through the pain. It is essential to dig down and find that “why” factor.

The reason behind your drive should be so strong that it makes you compulsive about becoming wealthy. Your “why” should establish your habits, attitudes and beliefs of money and wealth. It will invariably define who you are as a person.

Once you figure out the real reason you want to be wealthy, it is important to remind yourself frequently. The road to financial freedom has many ups and downs, good years and bad years, happy days and bad days. If you remember the why, the how does not matter. At least it doesn’t for those who have achieved their goals. This theory, by the way, holds true in business and life in general. It is what creates Olympic athletes, successful business leaders, great spouses and parents, etc. Those who have a relentless passion to succeed in order to fulfill their “why” are unstoppable. Discover your “why” and you have acquired the one, essential trait for becoming a self-made millionaire.

Ryan


What makes a millionaire a millionaire? Obviously the amount of money and assets a person has determines if they are millionaire or not, but what is the actual makeup of a millionaire? If you were to take away all of their wealth and all of their assets, what would you have left?

Henry Ford thought if you took everything away from him, he would just earn it all back. That’s because, like many millionaires, they have something deep within their bones that makes them characteristically different then the average person.

A self-made millionaire is generally someone who has had some tremendous experiences of building a lifetime of wealth. Most likely, they actually experienced a poor lifestyle at an early age and developed a mindset that would not allow them to be anything but wealthy. As a result, they become successful business leaders, creative entrepreneurs, and opportunists. They are willing to take some financial risk, but only when it is well calculated, and they understand that becoming a millionaire does not happen overnight.

So how can you develop these habits of millionaires? The first thing to do is to develop a saving attitude. If you spend more than you make, you will never get ahead financially. And when you get deep in debt, it take that many more years to dig yourself out of debt just to get back to 0 and start working towards accumulating wealth.

Once you have developed a saving attitude, you need to start thinking like a long term investor. Fortunes are built around programs teaching you how to get rich in the stock market, but 80 percent of professional fund managers cannot even beat the stock market. It’s a loser’s game. The millionaire knows that the average returns the stock market provides is a safe and guaranteed way to accumulate wealth. By simply investing in a plain S&P index fund over the long term, you keep your risk low and take advantage of compound interest, which can double your money in as little as 7 years.

Steve Allen


Many of us like to dream to become a millionaire. It can be very simple and easy if you know how to master this 5 steps of millionaire blueprint.

Find a millionaire mentor

- A swimming coach can not teach you how to play basketball. Every successful people like Michael Jordan has their own coach. If you want to be a millionaire, the first step is to find a millionaire to be your mentor. They are the person who have been through the whole journey and know how to do it. Therefore, you can save lots of time and resources than do it on your own way. Please do some research to find one guru that suits you, invest in their courses and materials.

Start your own business

- Yes, start your own business no matter it is part time or full time. You may have many reasons or excuses for not starting your own business i.e. no time, no resources or not enough capital etc. But the fact is, if you are working for somebody and getting a fixed pay, you are just being paid to be a working machine to help them to become a millionaire. Do you realize that 95% of the people in this world is working under the 5% business system, and the 95% of the people is not millionaire. So which Which category are you belong to? 5% or 95%?



Buy time with money

- Buy other people’s time to run the business for you just like what your boss did. Do not do everything by yourself. Outsource some of the tasks i.e those time consuming and not at your expertise to some other people who does. So you can spend more time to strategize on how to multiply your income or expand your business. Trust me, this is the best way to do it because you only have 24 hours a day despite how intelligent you are. So, spend time on the more important thing.

Invest in real estate or stock market

- Majority of the millionaires are a sophisticated investor. They know how to play with the cash flow. They will not put all the eggs in one basket. However invest in property and stock market will need capital, one of my mentor taught me that do not to go into any investment until you have a stable income from your business. In other words passive income. Take this journey slowly and steadily. Do not rush into it.



Form a mastermind group

- Napoleon Hill, the best-selling author of “Think and Grow Rich” emphasized on how important of a mastermind group. You shall have many opportunities to meet new people when you join any wealth creation seminar. Remember to get their business card or a contact number. Arrange a monthly gathering if possible. Make them to be your buddy and adviser. These are the people who can help you, motivate you and encourage you along the the journey.

The list can go on and on but the key is to take action! The difference between a successful people and a failure is, a successful people take action and a failure only know how to find excuses for not doing anything. I believe you belong to the former who wish to be success. So, stop dreaming and take action now to hop onto the path to become a millionaire!

Ryan


Do you remember that part from the movie Boiler Room where Ben Affleck is giving his “Act as if” pep talk to the young stock brokers? I know, horrible movie, but this is a great scene and has some truth to it.

If you want to become a millionaire and have loads of money, you need to act like a millionaire. What is it that you think millionaires do and how do they act? Figure that out and you will most certainly become one yourself.

What happens when you have a millionaire mindset? You start believing you are a wealthy, you feel you deserve to be wealth, and you start doing the things millionaires do? As a result, money will be attracted to you effortlessly.

You’ll start hanging out places that millionaires do, and soon they will be your friends. And do you know what millionaires like to do with their friends? They like to help them succeed. That’s because to them, money is a sport, and they like to coach and they like to win.

What happens when you start doing the things millionaires do? You start thinking in terms of accumulating wealth, rather than how much you are going to make so you can spend it. You’ll start investing like millionaires, thinking about creating new streams of income like millionaires, and soon enough you’ll start making money like a millionaire.

So Where do I Start?

How do you act as if you are rich? Find out where the wealthy people hang out in your area. Are there auction events, real estate meetings, business owener associations?

Once you find them, find a way to provide something of value. Chances are walking up to someone and saying, “Hi, I understand you are really rich and I want to learn how I can become rich too” won’t work. Just be approachable, introduce yourself and be complimentary. Find out a little about them and what they do, and maybe there is something you can help them with.

How Can I Act Like a Millionaire?

If introducing yourself to strangers isn’t your thing, then start learning how to become a millionaire by doing the things they do. Don’t waste your time watching TV. Go out and get a book on how to create wealth, listen to investing podcasts, and browse through personal finance blogs. There’s plenty of information out there to teach you how to act rich. Then take action.

When you start to act like a millionaire, you’ll start believing you are one. When that happens, the law of attraction will pull money towards you.