How would you like to join the ranks of millionaires? It is one of the social benchmarks in this country to indicate that you have arrived or that you can explore your golden years comfortably.
For many people, the only plan for becoming a millionaire is buying a lottery ticket or waiting for a wealthy relative to include them in their will. But if you are willing to work hard enough and put a plan in place – it is possible for you to count yourself among the ranks.
Regardless of where you are in life – financial professionals Joe Anderson and Alan Clopine take you through the steps that could help make you a millionaire in retirement.
Important Points:
(00:44) – Becoming a Millionaire – Millionaires Worldwide
(02:00) – The Making of a Millionaire: Save Regularly, Fast Track Your Savings, Investing for Success, What if I’m Getting a Late Start?
(02:40) – How Many Years to Become a Millionaire?
(05:03) – Fast Track Your Savings: Add to Savings Routinely, Make Yourself More Valuable at Work, Add a Side-Gig
(08:54) – Typical Investments: Stocks, Bonds, Real Estate, Natural Resources
(09:31) – How to Hold Your Investments
(10:38) – Control What You Can Control With Your Investments
(11:58) – Make Me a Millionaire Showdown
(20:00) – Strategies for Becoming a Millionaire for Procrastinators: Save! Save! Save!, Slash Expenses, Work Longer, Downsize at Retirement
(21:29) – Monthly Savings Required to Become a Millionaire (Late Bloomers)
(23:46) – Pure Takeaway: Automate Your Savings, Ways to Improve Your Savings, Investing Successfully, How Late Bloomers Can Still be Millionaires
