5 Tips to become a Millionaire ASAP

Check out these 5 tips to help you become a millionaire as soon as possible

Destroy your debt

If you have any outstanding debt that should be priority #1. Before you can think about making millions you need to get out of the hole of credit card debt. Not only are you paying high interest on that money, but having a high utilization rate is going to kill your credit score making it difficult to buy a home or get a loan in the future. Its also hard to create a million dollar business when your constantly having to allocate your income towards your credit cards.

Start Investing

The longer you wait to start investing, the longer it will take to get rich. It’s not enough to save money. To get rich you must put your dollars to work by investing in markets. The earlier you can start investing the earlier you can start reaping the benefits of compounding interest.

Avoid the schemes

There’s no get rich quick scheme. No matter how many gurus online tell you that you can make a million dollars overnight. Their almost always trying to sell you some course or product of theirs that just takes money from your pockets and into theirs. Next time you here someone telling how to make millions, look to see if their trying to sell you something.

Stick to the basics

There’s no secret to becoming wealthy, the millionaires and billionaires have paved the path for everyone to follow and almost all achieve their wealth through these 3 golden categories.

1. Real Estate

2. Stock market

3. Starting a business

Apply the FIRE approach

This approach ensures the fastest ways to wealth but takes extreme determination, persistence, and patience. The FIRE approach Implies that you live of the absolute bare minimum and allocate those savings to getting out of debt, investing in stocks, buying real estate, or starting a business.