I was thinking about the ways you can become a millionaire recently and thought I would put a list together. I must admit I am not a millionaire yet but I am working on it. When I say millionaire I mean someone who has a million net worth. There net worth is their total assets minus their total liabilities. There are lots of ways of becoming a millionaire but not all of them will allow you to do it in your life time.
Now that we have started to get our finances on track it is time to start looking at what we can do with any cash we have after paying all our bills and paying money into our retirement fund.
One of the things we want to look at doing is paying extra payments into our house as a minimum we really want to be paying off at least one extra monthly payment a year but if you can afford to pay off more it will mean that your house will be paid for that much quicker and you will be able to become totally debt free. By doing this you not only own your house, but you also save a lot of money on interest payments that you no longer have to make.