How To Make Your First $1 Million

AAA

The Millionaire's Mindset

When your grandparents lamented that a dollar just isn't a dollar anymore, they weren't just bellyaching. Inflation attacks the value of a dollar, reducing it as time goes by so that you need more dollars as time goes on. That is one of the reasons that $1 million is often thrown around as a retirement goal. Back in 1900, a $1 million retirement would include a mansion and a bevy of servants, but now, it has become a benchmark for the average retirement portfolio. The upside is that it is easier to become a millionaire now than at any time before. While you won't be buying islands, it is still a goal worth shooting for. Keep reading to find out multiple ways to make your first million.

  1. No results found.
Related Articles
  1. Managing Wealth

    Why Some Millionaires Have the Middle-Class Blues

    Recent studies show that a large percentage of U.S. millionaires classify themselves as middle class. Here's why.
  2. Retirement

    The Millionaire's Retirement Plan

    We show you how to hit the millionaire mark step by step.
  3. Retirement

    Retiring: Is $1 Million Enough?

    Find out why this magic number has lost some of its lustre as a retirement savings target.
  4. Investing

    Forget A House - Buy An Island

    While most of us would assume island ownership to be something completely unattainable, a little research reveals that it may not be as impossible as we think.
  5. Managing Wealth

    Find the Private Island of Your Dreams

    The perks, the problems and the pleasures of owning your own little piece of paradise.
  6. Retirement

    Life After Retirement: Is Money Really the Priority?

    Is “having enough money to retire” the most important thing to think about? Here's how to find out.
  7. Insights

    Why Many Millionaires Don't Feel Rich

    Learn about the millionaire mindset, and how you can benefit from millionaire market moves.
  8. Personal Finance

    7 Millionaire Myths

    Millionaires: tax-evading golfers that inherited their fortunes, right? You'll be surprised to find how average millionaires actually are.
  9. Retirement

    Six Critical Rules for Successful Retirement Investing

    Understand which investment vehicles and strategies build you the most fiscally sound retirement.
  10. Retirement

    Investing for Retirement Needs, Wants and Wishes

    Use different investing strategies for your retirement needs, wants and wishes.
Hot Definitions
  1. Free Cash Flow - FCF

    A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents ...
  2. Leverage Ratio

    Any ratio used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to ...
  3. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
  4. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  5. Expense Ratio

    A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual ...
  6. Mezzanine Financing

    A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies. Mezzanine financing ...
Trading Center