how to become a millionaire

how to become a millionaire

“Money should never change one’s values… Making money is only a report card. It’s a way to tell how you’re doing.”

― Thomas J. Stanley, The Millionaire Next Door

Contrary to the popular belief, a millionaire life is a modest life. Despite the stereotype of having glamor, glitz and flashy gadgets, in reality, millionaires are huge savers and live an intentional life. They prefer their money in bank accounts and investments, rather than showing it off.

Millionaires direct their funds to improving their business and seeking better investment and financial advice, rather than on irrelevant expenses. Even though they are frugal, they never compromise in the health and well-being of themselves and their loved ones.

We need to give more emphasis to financial independence than luxury. A prerequisite to spending smartly is to plan smartly. The secret formula to becoming a millionaire is to plan and structure your expenses and spend less than what you make. If you start thinking long-term and have a great plan in place, you too can become a millionaire!

PS: If you enjoyed this essay, I encourage you to read or listen to my book Daily Wealth (The Daily Learner, Book 1). This short book is an attempt to distill the life-changing ideas from the best books on finances, money management, and investing in clear and concise daily meditations. I can confidently say that your money game will reach a new higher level in record time if you put the principles mentioned in this book into practice.  

You can order Daily Wealth here:


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