5 ways to become millionaire

Earning more than what you spend: Avoid any habit that causes you to spend recklessly. The more money you strive to earn, the closer you will find yourself to your goal of being counted among the millionaires in the country. Not all money making ways are interesting. Some are downright boring and may seem nothing out of the ordinary. It is important to keep earning money and continue to save for both short-term and long-term purposes. However, no matter how much you toil hard to earn money, it is never enough. The idea of becoming a millionaire seems like a far-fetched dream then.

Investing in stocks: Inflation is hard to beat and current interests on savings account do not allow one to save for future exigencies. However, careful financial planning and keen evaluation of stock performance can help to earn better returns on the money invested. However, acute business acumen in realising the true worth of stocks and assess the expected returns from them in the future. People with too little knowledge of finance will find it difficult to evaluate the return on investment on these stocks. Also, the returns earned on these stocks are not fixed and have a lot to do with the market movement. No matter how careful and calculated one may be, the risks riding on the share market are high and incomprehensible to the ordinary mind.

Marry well: Forget the idea of having a supportive life partner. Marry a millionaire so that you do not feel left out in the race of earning millions like others. Since accumulating millions in wealth takes time, marrying someone rich and financially sound may help in your quest of becoming a millionaire overnight.

Run your own business: This idea stems from the fact that a major percentage of millionaires are actually business owners. To do business, first identify the product or service that the society may be in dire need of. Then identify your potential consumers. Calculate the costs involved and the amount you will have to invest. Assess the profit per head you would like to earn. Evaluate how much sales you will have to make to earn millions in a short period. Simple as it may sound, it surely is not easy. Not all know how to start or carry on a business. You may not have the required attitude to build a successful business. Also, it takes years to build a name and reputation in any business. Till then, your dream of becoming a millionaire has to wait.

Playing lotteries: Straight and easy, as all you have to do is to identify the lottery games you wish to play, identify the online platform from where you want to buy tickets and then choose the required number combination. Though fate is a deciding factor in winning the big game lotteries, repeated winners have claimed that careful observation of certain tips and consistent participation ups the chances of winning millions of dollars in a jackpot. In contrast to all other methods that involve considerable investment and an uncertain waiting period, winning a jackpot in any of the big lottery games can make you a millionaire overnight.

Indian laws allow lotteries to be played in 13 of the country’s states only, thus, explaining greater inclination of Indians to participate in international lottery games. Lottoland is coming to India soon and you can participate in several lotteries to your heart’s content.