Wednesday, January 18, 2012

Million Dollar Club!

So I recently discovered this great group of bloggers who are members of the Million Dollar Club. It's a club that helps you achieve your goal of becoming a millionaire. I have had this goal for many many years and am taking necessary steps to becoming a millionaire. Paying off my line of credit, car loan and mortgage were some of the steps that I have taken. But there's more!

1. I've decided to save my old bi-weekly mortgage payment of $809, actually I'll just round it up to $1000/bi-weekly
2. Max out my TFSA contribution of $5000/per year
3. Start and grow my side business
4. Always spend less than I make
5. Continue to contribute to my companies pension plan

I have much more income coming in this year, which will all go to savings. I will update this as life changes.

How are you planning on becoming a millionaire. Or are you already? Please share your tips!

2 comments:

J. Money said...

That is SO incredible. Seriously, a) PAYING OFF your mortgages like that, but even more so b) SAVING it all now! That's great - good for you. Very very inspirational.

Thanks for joining our club! :)

debt freedom plan said...

Thanks for the tip about the million dollar club. It's a club I would love to be a member of.