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.
I have recently been reading an American book called the Millionaire Next Door it was released in 1996 and was written by Thomas J. Stanley and William D. Danko. The book is based on research carried out by the two authors over several years. It looked at how millionaires became millionaires and what they did to accumulate this wealth. It also looked at deciding how you can identify if a person has a high net worth compared to their current wages. I though we would look at deciding if we have a high net worth and at a later date I will look and doing some more posts.