Sunday, August 19, 2007

Want to become a Millionaire??

Since the day i have grown up to understand what a million means, i have been dreaming of becoming a millionaire.While i surf internet the very first thing i look for is How to become a Millionaire. My mother always says if you save and invest money every month one day you will surely become a millionaire.This might seem funny to people but this is the fact. As Einstein puts it, compound interest is the “eighth wonder of the world.” It all depends on how much money you currently have, how much interest that money will earn (the tricky part), and how much you can save each month and, of course, how long you can wait.
A million dollars sounds like a lot of money and a good amount to shoot for but depending on your lifestyle, it probably won’t be enough to retire on when the time comes if that’s your goal.
I used to think differently on this topic until i read this article Who wants to become a Millonaire which emphasizes on savings and interest earned. I have started following this to become a Millionaire before i retire:)

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