This post is the first in a set of three

Becoming a millionaire is simple. Not easy, but simple. Save more than you spend, invest, and so on. It’s a compilation of all those common sense things that ‘get rich quick’ books and idealists pound into your head over and over.

Set your goals

Before you go on your exciting quest of moneymaking, let’s figure out how much you actually need. When I think of being rich, I think about a lawn chair and a glass of lemonade. Herein lies the problem, you don’t have to be rich in order to do that! So my definition isn’t quite that valid financially.

For the sake of this post, I’m going to say the goal is seven figures. One million dollars and you’ve done it. It may be more or less for you. One million dollars isn’t a whole lot if you are pessimistic about it, but it’s more than most people have sitting around.

Next let’s focus on a timeframe. When do you want the money? Right now? Same here! How about something a little more doable, let’s say ten years. Becoming a millionaire doesn’t happen overnight 99% of the time! So we’re all doing is trying to raise $100,000 a year for the next ten years. That’s only double your yearly salary? Maybe it is only half of your yearly salary? It may be four times what you make in a year.