National Be a Millionaire Day - May 20, 2024

When you think of being a millionaire, what’s the first thing that comes to your mind? It could be the ability to buy whatever you want, travel the world, practice philanthropy on a grand scale, or just eliminating debt. Whatever your personal dreams may be, let’s all celebrate National Be a Millionaire Day on May 20, by doing at least one thing that makes us feel like a million. Try these: get a spa treatment, test-drive an exotic car, or at the very least, treat yourself to a special cocktail or coffee.

The point is, while you’re on your way to becoming a millionaire, focus now on whatever it is that makes you feel rich!

National Be a Millionaire Day Activities

Make a list of steps

Do you need to take some classes? Do you need to take a look at your retirement portfolio? What could you do now to set yourself up for success later? Don't start off with something hard; think of simple steps that will pay off (pun intended) later.

Take a class

Learning the ins and outs of 401Ks, IRAs, and investment strategies now may help get you moving toward your first million.

Use helpful apps

Everyone knows that once you have a million dollars you will have to know how to manage all that cash! Start now by downloading an app that tracks all your bank accounts so that you can easily keep track of your money. Getting practice will help you when you have millions to manage.

Why We Love National Be a Millionaire Day

Have any plans?

When millionaires are asked about how they achieved their financial goals, they tend to have certain, sometimes surprising actions in common. Maybe it's practicing frugality, saving regularly, or planning for their financial futures. All of these habits focus on what’s really important to you (which is different for everyone), and that means being very clear on what you actually want. This focus is the key to long-term planning

It's good to have goals

Proper goal setting can help make larger, intimidating aspirations smaller and more achievable by acting like stepping stones. When you set goals, you fuel your ambition and ensure that your life is geared towards getting the most out of every moment.

One step at a time

Any holiday that encourages people to get moving toward goals is a great one! Take the steps towards becoming a millionaire: get financial advice, find extra sources of income, save, live within your means, and commit to becoming a millionaire.

Also on Mon May 20, 2024...