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Sunday, July 29, 2007

Who Wants to be a Millionaire?

In this month's issue of Pink Magazine Della de Lafuente looked at Four successful female millionaires. Here are the few simple steps she outlined as helping you get on the right path.

  1. Map out a plan:Prepare a realistic budget and decide whether you will invest in a business venture, real estate, the stock market or other income generating investments.
  2. Keep your credit in check:A good credit score and strong bill payment record means you'll be able to get more money to make more money.
  3. Save, save, save: Start with a little, say 3% and work your way up to 10%.
  4. Erase Debt:Avoid making purchases on credit unless you have enough money to pay the purchases off within a month.
  5. Become a money expert:Research a company's stock and the real estate market before you make an investment decision.

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