They had a lot of money, despite never earning more than $40,000 per year.
Jim and Sue McIntyre were very successful in their fifties.
However, if you use that money wisely, it’ll go far enough to make that possible. You may not think you can become a millionaire if you earn less than $40,000 per year. You just need to save small amounts regularly, and you’ll eventually reach your goal. Big Idea #1: It’s not necessary to have a lot of money to become an automatic millionaire. In this passage, you’ll learn about the “latte factor”, cash flow, and how to feel rich while your wealth grows. As it turns out, all you need to do is make small payments to yourself and commit to them every payday. With this method, anyone can set themselves up for a secure future.įurthermore, with the automatic-millionaire plan, you don’t need to be making a lot of money. It involves setting up an automatic savings account that allows you to take money out of your paycheck and put it into savings without even thinking about it. It’s actually easier to become a millionaire than you might think. Or you can invent something revolutionary and start your own business. You could win the lottery or some popular game show, but that’s not likely. However, there are many ways of becoming one. What assets do you have? How much debt are you in? What is your monthly income and cost of living? The first step to improving your finances is understanding what they currently are.Īlmost everyone wants to be a millionaire. Take a moment to look at your current finances. 1-Page Summary of The Automatic Millionaire Overview
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