Path to Millionaire

I believe what ever you want to do, if you want to success, you must have a plan. Your plan does not need to be very thorough in the beginning. But it needs to be something that you are able to start with. The plan will provide you with a sense of direction on where you are heading. It can be a very simple plan, but you have to write it down. The fundamental point is, you need to have something to work with first. When time goes by, you can then refine the plan from time to time to suit the situations. So my plan to become a millionaire employee is currently like this: 1. I will keep my day job as a software professional. This will be my main income. I believe that in order to become a millionaire by working as an employee, you need to have a salary that is high enough. But how high is high? This can be a very subjective. Aziz Ali mentions that you should be earning at not less than RM 2000 per months to aim for this. So if you got less than this figure, then you should seriously consider doing something else or getting another job. It is important that the job that I do bring in decent income for me. And it has to be a job that I love. I will make sure that I continue to learn new skills and acquire knowledge related to my job so that I can continue to be more expert. 2. I will do a part-time job. This will be my second income. There are many jobs that you can do during part-time. Examples are lecturing, multi-level marketing, writing, internet, part-time sales agent, part-time insurans agent. The ideal part-time job is a job that can be expandable and have potential to grow over the times. Take for example part-time job like multi-level-marketing, internet where you may earn not much in the beginning, but the earning can be increase when you put more time and effort over the time. I choose to work on internet business because I can do it at home after work. I like to stay at home. :) I will not sell hard goods on the internet because I don't have time to manage the inventories. I need to travel quite frequently from time to time for my day job. So most likely I will go for digital products because the maintainance is low. As a starting point, I will set up a good content site that can bring some income through affiliates and google adsense kind of ads. I am in the process of working on one. 3. I have been involve a bit in properties and stock market, and I will be continue to put efforts in this two area. Invest in property is a long term things. My strategy is to invest in a few good properties that have high rental yields. I can then rent out the properties to cover my loan installment every months. Of course the rental here have to be able to cover the loan installment. It is not impossible to find such property in Klang Valley if you do your research thorough enough. Stock market is more liquid type of investment, where it is more easy to sell and cash out the money when needed compares to properties. The extra money that I earn from stock market can be use to settle the house loan faster. This way my investment in property and stock market can complement each other well. A good book on this will be 'How You Can Get Rich from the Property and Stock Markets' by Milan Doshi. My two cents: In order to become a millionaire employee, you need to earn enough money, save as much as you can, then invest it wisely.