The document provides tips for how to become a millionaire by following common traits of millionaires such as having a positive attitude, setting goals, saving money, and living frugally. Some key habits include believing in oneself, planning for the future, saving without spending more than one earns, and staying out of debt other than for major purchases like a home or education. The author is a serial entrepreneur and CPA who helps companies grow through franchising.

1. How to Become a Millionaire
by Kevin D. Romney
Everyone wants financial security, and most people would take great joy in seeing their assets reach and
exceed $1 million. To achieve this, one does not necessarily need to come up with a brilliant new idea or
an exciting business. Rather, knowing and following the right habits can help nearly anyone reach the $1
million mark.
The following are some common traits of millionaires:
- A positive, confident attitude. Belief in one’s self is absolutely critical to making money. Confidence
breeds success. Success, in turn, breeds confidence.
- The ability to plan and set goals. Successful people know where they are going and have an idea of how
to get there. They also know when to adjust their plans and accept that a particular direction is not
working.
- Saving money. A key for success in business, discipline is also required for saving money, without which
there can be little if any asset growth.
- Living frugally and staying out of debt. Living within your means is especially necessary to build wealth.
Spending more than you earn will make it impossible to grow your wealth. Buying luxuries now will limit
future discretionary spending. Acceptable debt includes a mortgage in addition to car, school, and some
types of business loans.
About the author: Las Vegas-based serial entrepreneur Kevin D. Romney serves International Franchise
Solutions, through which he introduces the franchise model to profitable companies to facilitate their
growth. A certified public accountant, Kevin Romney received his Bachelor of Arts in Accounting from
Brigham Young University.