A million dollars today is not equal to a million dollars 10 years ago
It's not easy to make, but not impossible.
This is an era of digitalization, globalization and technology and we are witnesses of newly self (or otherwise) made millionaires.
Magazines have increased their lists of millionaires and billionaires around the world. Wealth is created from scratch or wealth just gets bigger.
My university professor told me that there are three areas where there will always be business, being:
1) Housing - people will always want to live somewhere, either own or rent a place
2) Clothing - no people want to be left without being dressed
3) Food - a person needs to get fed
However, in the last decade (maybe a bit more), there has been a boom of these so called startups, gathering major amounts of funds, entering into stock markets, making people millionaires, sometime billionaires.
If you don't have/own that unique and special idea, then the only way is to save as much money as possible from your daily/weekly/monthly income
It is very important to be consistent, being able to set a saving rate on your gross income. say you can save 10-20% of your income per month. This amount will accumulate at some point soon and then you will have available fresh cash to invest.
Before investing you need to SAVE
More to information will follow in the next article...
