Sunday, September 27, 2009

Can you become a Millionaire?


This is a topic that seems to be more important as we go into the Obama age. The rich will suffer much less then we will from Obamination because of the bigger cushion that they have available to them. President Obama's plans will hit us more noticeable in our pocketbooks.

So how does one become a millionaire? There are some people who think that it can be done in ten years. Then there are others who think that it can be done in four steps. Here is another way to become rich.

It seems that no matter how you do it, it will not happen quick and you will have to learn to live within your means. I believe one topic that wasn't touched upon was that you really need to avoid using a credit card when you can. I don't mean shred your Visa or Mastercard, I haven't. You can use them for your short term high value purchases but you should be prepared to pay themn off immediately.
Save, save and save some more. You should always have at least a month worth of your salary stashed away. The optimum is at least three months. This is a cushion. Try to build upon that afterwards.
Try these things or at least hope that you are one of the lucky ones who can win the Lotto or at Las Vegas. So good luck.

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