How to Make Extra Money – Legitimate Ways to Boost Your Income

Last week I wrote an overview of how to reach millionaire status. The nature of the process is simple: earn money, spend less than you earn, save and invest, and repeat the process.

The Million Dollar Question – How much extra money do you need to earn to become a millionaire?

How much do you need to earn to become a millionaire?

Obviously, The more money you earn, the easier it is to become a millionaire, provided you spend less than you earn and are able to save and invest the difference. But how much do you need to earn?

As I mentioned in my earlier article about how to become a millionaire, you don’t necessarily need to earn six figures to become a millionaire. A New Jersey man became a millionaire several times over and never earned more than $11/hr. He amassed his fortune and decided to donate over a million dollars to a local college. He made his millions through hard work, simple living, and wise investments including real estate and stocks.

While it is very difficult to become a millionaire on $11/hr, especially in today’s society, it is possible to become a millionaire on much less than a six figure income. The important thing is to start young, live well within your means, make wise investment decisions, and repeat this process over many years. If you want to speed up the process, you can do one of several things: earn more money, save more money. and receive better returns on your investments. In this article, we will share some ways to make extra money.