Making money is the most important part of becoming a millionaire, but another most important thing is keeping that money with you. It will generate more money. If you make 5000 dollars a month and spending all that money in the same month, that means you are left with no money at the end of the month.

If you save 10-20% of what you earned in a month will make you more money. See, if you earn 5000 Dollars a month and you save 20% of the same i.e. $1000 at the end of the month you will have $ 12000 at the end of the year. If you put that money in the bank for interest it will earn another minimum $ 1000 at the end of the year. At the end of second year you will have

Last years saving $12000
Interest for the year on last years saving @ 9% would be $ 1080
Current years saving $ 12000
Total savings at the end of the year $ 25080

If you keep on invest, you will become a millionaire after 25 years. It's just an example with investment of $ 1000 per month. If you double the investment i.e. $2000 per month in 19 years you will be a millionaire.

If you closely study the life of self made millionaire, you will notice that they are investing more % of money every year. The more you have, the more will be the income. So try to keep money with you, that means invest money every month.

One of the general habit of the people are that most people spend according to the ratio of what they earn. With $3000 a man can live a month. Another live a month by spending $4000 some other spend $ 6000 As per the earning most people increase their living standard. Branded dress materials and Business class air travels are more expensive. This tendency of increase living standard, make them stay poor in their financial health.

Make a decision to spend only on what is of value and necessary. It will help you to accumulate and multiply your wealth very faster. There are people out there who spend there money like there was no tomorrow. We could find that kind of people around us.

"What is the point of making money if you are not enjoying it?" People may ask. It is noted that buying jewelry or branded cloths or sitting first class will give joy for a short while. It will not last. Then you have to keep on buying thing to make you happy. To make yourself happy, do things which will beneficial and meaningful.

Happiness should come from doing the life's work, not from buying new things like Rollex watch, or branded items/cloths etc.

If you really want to become a millionaire you need to save more and spend less.

Have a happy earning life.