Tips to Become a Millionaire

We know that everyone wants to become a millionaire.
Unless you win a lottery there are no easy way but to build your wealth gradually.
Here are some tips to become a millionaire over a period of time.

Borrow less
Pay your credit card bills on time.
Do not pay high interest rates
Invest in good mutual funds
Invest in good companies which pay good dividends.
Enroll in DRIP (Dividend Reinvestment Program)
Buy a house and pay it of as quickly as possible.
House is going to be your biggest asset in your life
If you can invest in small rental properties which you can manage even if there are no tenants for about 6 months.
In other words have a cash reserve for 6 months to cover the rental property mortgage.
Invest in long term investments like treasury bonds
Start a small business if you do not have one.
You can write off many expenses for the business and slowly build your business.
Start a business in which you truly have an interest.
Examples include Pizza shop, Sports specialty store, day care center, tutoring, etc.
Try to do more than one job.
The additional money should be invested in either stocks or real estate.
Explore the web for new business opportunities and wealth building techniques.
Never give up.
If your business fails stat again.
Many millionaires were bankrupt before they turned their life.
Invest in gold as a hedge against economy and currency fluctuations.