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National Be a Millionaire Day

Today is National Be a Millionaire Day. This day is celebrated each year on May 20.

The origins of the day are unknown, but the day is used as inspiration for everyone to think and dream about what it would be like to be a millionaire and then work towards it.

The following are a few helpful suggestions to get you started:

Start a savings account. If you have an existing savings account, review it to make sure you are earning the maximum interest available. Increase the deposits into your savings account.

Review your financial portfolio with a trusted expert.

Review your investments – Look at ways of improving your investments.

Pay off your credit card.

Review your spending habits. Find ways to “spend less and save more”.

A R1-million today may not be what it used to be, however, having one R1-m in your bank account is still a major financial success. What’s the first thing you would do if you had a R1-m?

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