I quite often get asked "how can I become a millionaire", nearly as often I get asked "how can I become a multi millionaire" a good number also ask "can I become a millionaire". Well the good news is yes, you can become a millionaire and probably a multi millionaire. The bad news is there aren’t that many ways and there are no shortcuts, despite what you might read on the Internet.

Writing on this recently Seth Godin notes there are six ways to become a millionaire:

There are four ways to make a million dollars. Luck. Patient effort. Skill. Risk.

(Five if you count inheritance, and six if you count starting with two million dollars).

I think he’s missed marriage off the list but the key point that he goes on to make is:

Conspicuously missing from this list are effortless 1-2-3 systems that involve buying an expensive book or series of tapes. Also missing are complicated tax shelters or other ‘proven’ systems. The harder someone tries to sell you this solution, the more certain you should be that it is a scam. If no skill or effort is required, then why doesn’t the promoter just hire a bunch of people at minimum wage and keep the profits?

I’d have to agree with him there too. Out of all of these however I’d suggest you try patience effort (start a business and work hard at it), skill (excel at something) or a combination of skill and patience effort (be the best at something and work damn hard at it). So take a read on my post How To Make A Million Pounds and browse the Business Opportunities and Business Ideas on this site and get stuck in.

Oh and for those that want to know how to become a multi millionaire, the answer is simple, keep working hard once you make the first million.

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