These Are 9 Smart Things You Need To Do In Your 20s That Will Make You A Millionaire Before 30 – #4 And #8 Is A Must

At a time when the recession is biting harder than ever, there is nothing great than having to learn on or two secrets of wealth, especially how to acquire it at an early age. And it’s never too early to start. To help you reach the seven-figure mark by 30, we have rounded up 9 important nuggets of advice from people who became millionaires at a young age, as well as those who have studied hundreds of self-made millionaires. That one would become a millionaire cannot be guaranteed, but doing these things won’t hurt your odds.

Timothy Sykes

1. Focus on earning

Earning more money is often easier said than done, but most people have options. Read about 50 ways to bring in additional income, some high-paying jobs you can do on the side, how you can earn passive income, and the first step to take before starting any business, from an entrepreneur who earns up to $170,000 a month.

2. Develop multiple streams of income

3. Save to invest, don’t save to save

Investing is not as complicated or daunting as we make it out to be. The simplest starting point is to contribute to your 401(k) if your employer offers one, and take full advantage of your company’s 401(k) match program — which is essentially free money — if it has one. Next, consider contributing money toward a Roth IRA or traditional IRA, individual retirement accounts with different contribution limits and tax structures — which one you can use depends on your income. If you still have money left over, you can research low-cost index funds and look into the online-investment platforms known as “robo-advisers.” The key to consistently setting aside money is to make it automatic. That way, you’ll never even see the money you’re contributing and you’ll learn to live without it.

4. Don’t show off — show up

Need inspiration to save more and spend less? Read up on tips and strategies from regular people who saved enough of their incomes to retire before 40.

Edifiedminds

5. Change your mindset about money

6. Invest in yourself

Many modern-day successful and wealthy people are voracious readers. Take Warren Buffett, for example, who estimates that 80% of his working day is dedicated to reading.

7. Set goals and visualize achieving them

Budgets Are Sexy

8. Hang out with people you admire

9. Shoot for $10m, not $1m