BANGALORE:  Who doesn’t want to become a millionaire? Many people aspire to become a millionaire, but not so many people are pushing themselves hard enough to reach that particular goal. In a world where being a billionaire is the new target for the rich, becoming a millionaire is a real possibility for many, and it mostly comes down to good management, sensible thinking and occasional calculated risks.

Becoming a millionaire won't happen simply by sitting there and praying for money or entering the lottery every week. It also won't happen by simply reading how to make it happen. After learning what tools to use and what mindset to adopt, the rest of the real effort is up to you. You actually have to do something to achieve this goal.

1. Spend less

While many think that earning more is the key to wealth, spending less is often the missing piece.  Most people end up spending as much as they earn.  Instead, try to find ways to spend less than you do right now, allowing you to not only have more money, but also make more of extra income that you do make. 

Try not to increase your spending as your income increases.  This will allow you to hold on to more of your money and get you steadily closer to becoming a millionaire.