8 Tips to Become a Millionaire This Year致富有更多与克制,tenacity than it does brilliance or luck.

Millionaire.It's a title that plenty of us would love to have. But, is that actually feasible?

Believe it or not, becoming a millionaire is a goal that can be achieved this year. In my life, I have been a millionaire several times. Most of the time before my 30s, however, I gambled my money away on cars, homes and a lifestyle I had no reason to be living.

Despite the chance that you too will blow millions, the process for you or anyone to become a millionaire has been consistent over the years. If you follow these eight valuable pieces of advice, I can guarantee that eventually you will become a millionaire. Here's to making this happen this year!

1. Develop a written financial plan.

One of the main reasons why someone can never become a millionaire is that they haven't written afinancial plan. Developing a financial plan forces you to take action, instead of just talk. It also guides you in making the right decisions in order to achieve all of your dreams and goals.

Financial planner Scott D. Hedgcocksaidthat, "When planning for a more secure future there are two inputs that are indispensable: how much money you have and how much money you spend.

"The basic point I want to stress about these two inputs is that they are absolutely fundamental to all financial planning regardless of how large either of them is," Hedgcock said.

"In my experience, the biggest difference between those on the right path vs. those on the wrong path was the amount of time and effort they put into devising a plan for their finances." But taking the time to create a plan and see it through "is the one thing all financially successful people have in common."

Hedgcock added that, "The success experienced by those who do this occurs regardless of their relative wealth. Likewise, the failure of those who do not follow a plan is unrelated to their wealth."

When creating a financial plan:

• Focus on what matters most and don't obsess over the past.
• Focus on what you control by listing your known expenses first in your budget, and with the income left over, list the discretionary categories.
• Focus on your future by anticipating how much your future self will need to survive.

Related:What It's Really Like Once You Become A Millionaire

2. Focus on increasing your income.

"In today's economic environment you cannot save your way to millionaire status,"wrote Grant Cardone, who went from being broke and in debt at the age of 21 to becoming a self-made millionaire by 30. "The first step is to focus on increasing your income in increments and repeating that," Cardone said.

"My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money, and it will force you to control revenue and see opportunities."

谢天谢地,你有几个选项来提高your revenue, like investing inhigh ROI businessesandside hustling.

Related:20 Signs You're Destined to Become a Millionaire

3. Take advantage of Uncle Sam's generosity.

"The best way I know to become a millionaire is to put the power of compound interest on your side. By giving your money more time to compound and keeping your rate of return as high as possible, you greatly increase your chances of reaching a seven-figure net worth," Brian Feroldi wrote onThe Motley Fool.

"Of course, earning a high return on your nest egg is easier said than done, as many factors to create that return are outside of your control," Feroldi continued. "However, all investors do have control over two huge factors that can put a serious drag on long-term returns: investment costs and taxes. If you want to become a millionaire, focus on keeping both as low as possible."

Feroldi went on to write that if you have "a 401(k) or 403(b) through work, then any money you contribute to the account can grow tax-deferred, allowing your money to compound more quickly." He also suggested opening up a traditional or Roth IRA, because those plans "keep Uncle Sam away from your money, either now or later."

You should use a broker or brokerage firm "that charges very little per trade -- and not to trade too frequently, Feroldi advised. "If you want to become a millionaire, you need all the help you can get. Making sure your investment fees and tax bill are as low as possible will go a long way toward helping you achieve your goal."

Related:3 Actionable Ways to Become a Millionaire

4. Increase your streams of income.

After studying the very wealthy for five years, author Thomas Corleydiscoveredthat 65 percent of self-made millionaires he studied had three streams, 45 percent had four streams and 29 percent had five or more streams. This could include starting aside business, working part time, making investments and renting out everything from your home to your car to household items.

Related:7 Mental Shifts That Allowed Me to Become a Millionaire at 22

5. Automate your savings.

If you want to become a millionaire, then you absolutely need to get into the habit of saving by contributing to your 401(k), Roth or traditional IRA, and contributing to anemergency fundthat's been placed in a money market fund. However, the way to make this work is by automating your savings. This will automatically withdraw a percentage of your salary and place it into your contributions without your ever seeing it. It's suggested that you put 10 percent toward investments and 5 percent toward savings.

Related:7 Mental Shifts That Allowed Me to Become a Millionaire at 22

6. Upgrade your skills and knowledge.

"Read at least 30 minutes a day, listen to relevant podcasts while driving and seek out mentors vigorously,"wroteTucker Hughes, who became a millionaire at just the age of 22. "You don't just need to be a master in your field; you need to be a well-rounded genius capable of talking about any subject whether it is financial, political or sports-related. Consume knowledge like air and put your pursuit of learning above all else."

Related:Part 2: Mental Shifts That Allowed Me To Become a Millionaire at 22

7. Live below your means and lay off the credit.

It's widely known thatthe wealthiest people in the world are frugal. They don't spend excessively on designer and luxury items. They use coupons. And, they're known for living below their means by purchasing modest homes and vehicles.

They're also known for keeping their debt under control by using credit sparingly. Take a cue fromT. Boone Pickens, who only carries around as much cash as he needs for what he intends to buy.

Related:11 Mistakes Standing Between You and Your First Million

8. Associate with millionaires.

"In most cases, your net worth mirrors the level of your closest friends," Steve Siebold wrote forBusiness Insider. This isn't exactly a new philosophy. It's been around ever since Andrew Carnegie embraced theMaster Mind principle.

“接触比y更成功的人ou are has the potential to expand your thinking and catapult your income," said Siebold. "We become like the people we associate with, and that's why winners are attracted to winners."

"The reality is," he said, "millionaires think differently from the middle class about money, and there's much to be gained by being in their presence."