10 Simple Steps to be a Millionaire

Believe it or not anyone can become a millionaire. Becoming a member of the millionaire club can even be achieved on a very modest income. The trick is to realize that what determines wealth is not how much you make, but instead how much you save and invest. Here is the proof, a New Jersey man while never earning more than $11 an hour became a multimillionaire. There are literally thousands of examples of people who started with nothing and were able to achieve their millionaire dreams.

When I started Aspire 2 Wealth I quickly decided that I would need a plan if I was going to reach my goals. As a part of that plan I wrote down a list of rules or steps that would guide me on my path to wealth. These are ideas that are embodied by millionaires all around us that built their wealth gradually and deliberately over the years. I want to share with you my Millionaire Rules.

Ten Millionaire Rules:

1. Write Down Your Goals
2. Create a Spending Plan / Track Your Progress
3. Learn to Say "No" to Your Wants (and those of others)
   
4. Set Up Automatic Savings
5. Save an Emergency Fund
6. Payoff Debt (except a mortgage or federal student loan)
7. Fund 401(k) to Get the Full Match
8. Fund a Roth IRA to the Limit
   
9. Buy a House and Cars You Can Afford
10. Generate Multiple Income Streams

While implementing all of these rules in your life may not always be easy I can tell you that they are simple. The rules are simple because they are things that anyone, no matter how much income or level of finance education, can understand and apply to their own life. To follow these rules you do not have to clip coupons or live like a monk. It is about making small, practical adjustments to our relationship with money that will allow us to spend less than we make and invest what's left.

Aspire 2 Wealth is all about a shared journey to become wealthy and taking even some of these rules to heart will have a drastic effect on your lifetime wealth. Take some time to read the full article for each rule and decide to put them into practice in your life. It will take years to "get rich" this way but even after only a few months of following my own steps I have started a drastic change in my finances. I have spent less each month and saved more, while still meeting all of my needs and most of my wants. It is worth it. Start Now!