5. Save $100,000 And Invest The Rest
Setting a significant savings goal, such as saving $100,000, demonstrates your ability to make and keep money. Once you reach this milestone, invest the remaining funds to build your wealth.
6. Stay Out Of The Red
Debt is a major issue that prevents many people from becoming millionaires. While certain types of debt, like student loans, may be more reasonable, credit card debt is not.
If you find yourself in debt, it’s important to work towards paying it off as much as you can, even if it takes a while. Once you’re free from debt, or if you don’t have any debt to begin with, make a conscious effort to avoid getting into that situation again.
