3 Ways You Can Become a Millionaire Working from 9 to 5

Lower Your Tax Liability

How many times have you heard that old saying "The more you make, the more they take”? It’s a phrase all too familiar with the United States Federal Income Tax system. Losing money hurts. But, all the tax breaks go to the rich, right? Wrong. Investing in a tax-deferred retirement plan, like a 401(k) can help you reduce your tax liability.

To get on track for potential millionaire status, use tax breaks and grow real wealth in a tax-deferred 401(k) plan.

Live within your budget

The ever-popular book, The Millionaire Next Door by Thomas J. Stanley shares a surprising fact about America’s wealthy -- they live far below their means. Even saving $20 a month can lead to a surprising nest egg for retirement; especially, if invested wisely. (Spoiler)

Saving money is easier when you choose to live in a smaller home or drive a used car for a few years; the savings you build up by reducing interest payments really adds up!

Invest wisely

The stock market is an enticing way to make money, but can be complicated and lead to significant losses. Some business-minded people watch for market signals that help them navigate the market volatility.

If you are uncomfortable with how the stock market works, find a trusted financial expert who can guide you through the best investments to reach your retirement goals. As you build your income, other investment opportunities will open up.

Sure, these 3 points seem basic (cue the eye-roll); you're right! It's just like going to the gym -- you need to start somewhere, but it is important to start. Build your foundation; build your wealth.