Wednesday, March 4, 2020

6. Start your own business

In their book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy,” authors Thomas Stanley and William Danko say that two-thirds of millionaires are self-employed, and that entrepreneurs represent the majority of that group. The rest are professionals, such as doctors and accountants.
Entrepreneurs create most of the country’s wealth. Most millionaires in the making — 8 out of 10 — earned or increased their assets on their own, a survey by Fidelity Investments found. That holds true for actual millionaires as well.

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7. Get professional advice

A good financial planner can help you fill your portfolio with the right investments and dump the wrong ones. You don’t need to relinquish ...