Becoming a millionaire's quite simple actually. It's becoming a millionaire fast that is a little bit of a challenge. I am in Ontario, Canada. A computer person full time and a realtor part time. Simplest technique would be to buy 4 houses worth $250,000 each and the ones that have basement apartments already built. You rent the top portion and the basement out. Typical mortgage here is amortized over 25 years with 5 year terms. Obviously there are many different types but this is the typical one. So, now you have assets worth $1,000,000. You just take care of renting them out and after 25 years, the whole mortgage's paid off by your tenants and your properties are worth at least $1,500,000 by now. Now you are a millionaire. Obviously work is required such as renting the properties, maintaining them and so on but at least here's a formula for becoming a millionaire.
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