How Do You Save A Million Dollars?
It’s easy enough to save a million dollars if you come into a large inheritance, win the lottery or strike oil on your property. It’s a great idea to simply stick one million of your windfall into the bank. Yet, it’s not that simple or quick for most of us. Don’t let that fact discourage you. It is possible to save this much money over the course of your lifetime. You can even do so within a decade if you are careful with your money. Yes, you can save a million dollars with a bit of forward thinking and some financial restraint. Spend less than what you earn. This is the fundamental principal of personal financial success. No matter how much money you make, you can blow it all if you don’t make a conscious effort to spend less than what you earn. Socking the difference away in savings and investments can make all the difference. Diversify your income sources. Keep your income high. Insure yourself against job loss by creating multiple sources of income. In addition to your primary job,
