7 Things You Should Do in Your 20s to Become a Millionaire by 30

7 Things You Should Do in Your 20s to Become a Millionaire by 30We all wish we could be rich. But if youre young and smart and driven enough, you could be In some cases, it is possible. Particularly if youre able to make tough choices and choose to save where others choose to spend. Regardless,one of the most important things you should be doing is managing your money responsibly. If done so correctly, you may very well become a millionaire by 30. googletag.cmd.push(function() googletag.display(div-gpt-ad-1467144145037-0) ) That being said, here are 7 steps towards making your millionaire dreams come true. Start following them now before you hit the big Three-Oh.1. Write your planNo amount of desire is going to put the wealth in your account. Youll need to actually come up with a feasible plan and put it on actual paper. Calculate exactly what youd need to earnand investto reach your goal. Then plan the options on how youll do it, whether that means focusing on a Roth IRA or a 401k, etc.2. SAVEYou cant get there without this step. Period. Start saving immediatelyfirst an emergency fund, and then a high interest yielding account for everything you accumulate on top of that. Make a point of putting away half of every raise or tax refund, for example. And then dont touch it unless an emergency occurs.3. Live cheaplyYou dont need to be in poverty to live beneath your means. Just say no to high profile purchases that will crack open your budgetlike expensive cars, extravagant houses, even expensive designer clothing and accessories. Live modestly, save decadently.4. Ease off on the leistungspunkt cardsDont accumulate too many credit cardsone or two will do. And dont put anything on your cards that you cant pay off within three months. And if you cant eat itor wear itdont charge it. Keep your cash flow for investments.5. Put your money to workBuild a diverse portfolio with a mutual fund company that offers no-load funds and low expense ratios. You could be earning 8 -10% interest on your money6. Start a businessA sizeable majority of millionaires are self-employed. Channel your entrepreneurial spirit and come up with a business plan to create wealthand not just for yourself.7. Ask for helpFind yourself a good financial planner and make sure your investments are sound and working for you, not against you. If you build a good working relationship with someone you trust, you can really help your money grow.Remember, work smart not hard. It takes money to make money. But its never too late to abflug putting yours to work for you.