Today, May 20 is National Be a Millionaire Day. If you’re not a millionaire, how might you celebrate? We’ve got some ideas just for fun:
- Grab a stack of one-dollar bills and practice making it rain
- Wash your face in sparkling grape juice
- Add “darling” to the end of every sentence
- Eat something new for dinner with a name that sounds fancy
Now that you’re in the mindset of a millionaire (or not, but we hope you had some fun), maybe it’s time to talk about how people become millionaires. It’s not usually easy, but over time, you might be surprised at how your money grows with the right tactics.
- Get a high-paying job, then don’t buy anything. Extra points if you can live with your parents! In all seriousness, you might consider a no-spend month or join a no-buy group on social media. You might be surprised as you transition from automatically buying an item to seeing if anyone already has it and will give it to you or let you borrow it. It will kick-start a mindset of spending less.
- Open a savings account. Of course, this is not a magic account. You will have to deposit money in order for it to grow. Start by setting up an automatic monthly deposit from your checking account. You will start to accumulate an emergency fund, then you can move on to bigger plans, such as investing for the future.
- Pay cash. Make a decision to stop financing purchases and limit yourself to buying only what you can afford with cash. Your debt will shrink, your savings will grow and you will find yourself no longer tempted by financing deals.
Another way to build wealth? It’s through business growth, using a strategic approach to your marketing. Through a coordinated approach with a trusted marketing agency (us!), you will connect with the individuals most likely to make a purchase with your company.
Don’t sit around just dreaming of business growth. Let’s get started on making your dreams come true through a comprehensive marketing strategy. And we promise to call you darling now and then along the way. Contact SJC Marketing to get started!