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How To Really Become A Millionarie

Essay by   •  December 30, 2010  •  443 Words (2 Pages)  •  942 Views

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Becoming wealthy is a goal that many people have. However, most people don't know or have the wrong idea about how to become wealthy. Many people try the lottery or wait around for a wealthy relative to die, which are not good methods of gaining money.

There are, however, many thing you can do to manage your money better and get the right track to making money. Some of these include getting a good education, working long, smart and hard, making good purchase decisions and investing well.

The first step towards wealth is to get a good education. Not only does getting a good education open the door to better, higher paying professions but statistics also show that even in more common careers, the more education you have under your belt the more money you will earn.

The second step to becoming wealthy is working long smart and hard. Of course putting in more hours will help you earn more, but working diligently and working on what is really important and what needs to be done is what will help you in the long run.

Another tip to helping you get and stay financially flush is making good purchase and money management decisions. First, learning how to handle your money is paramount, knowing how to balance a checkbook and apply for a credit card or loan is essential. Also making smart purchases will help you in the long run, spending less than you could spend is one way. Most generic brands of products are just as good as their name brand competitors and often at a much lower cost, also gathering information before making big purchasing decisions is important, know where the best price is and what specials are currently in effect will help you massively with keeping more money in your pocket. Also it doesn't hurt to know how to manipulate a sales clerk.

The last step to becoming wealthy is investing well. Saving early and often is a good strategy, when you get home at the end of the day with a few quarters in your pocket

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