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 in the future. 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. Retirement

    $1 Million: Does It Still Mean You're Rich?

    Being a millionaire used to mean you were on top of the world, but now it means you're still climbing the ladder.
  2. Retirement

    How Investors Can Identify Retirement Goals

    Everyone's ideal retirement is different. Think about how you want to spend yours and start saving to make it a reality.
  3. Retirement

    The Millionaire's Retirement Plan

    It's not impossible to retire with $1 million, but it does take timing, luck and commitment.
  4. Managing Wealth

    Find the Private Island of Your Dreams

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

    How to Grow Your Retirement Plan to $1 Million

    Want to grow your retirement plan to $1 million or more? This article is for you.
  6. Retirement

    Enjoy Life Now and Still Save For Later

    Find out how to balance living well today and retiring well tomorrow.
  7. 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.
  8. Managing Wealth

    Retirement: Saving First Million Is the Hardest

    Once retirement savings reach $1 million, building wealth becomes much easier. Here's why.
  9. Managing Wealth

    I Make $50K a Year: How Much Should I Invest?

    Find out how much to invest each year if your annual income is $50,000. The key is knowing the final benchmark for your retirement goal.
  10. Retirement

    Planning for Retirement the R.I.T.E. Way

    With proper financial and tax planning, you’ll be better positioned to achieve your retirement goal.
Hot Definitions
  1. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  2. Intrinsic Value

    Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, and may differ ...
  3. Current Assets

    Current assets is a balance sheet item that represents the value of all assets that can reasonably expected to be converted ...
  4. Volatility

    Volatility measures how much the price of a security, derivative, or index fluctuates.
  5. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  6. Cost of Debt

    Cost of debt is the effective rate that a company pays on its current debt as part of its capital structure.
Trading Center