How to Make a Million




You could marry rich, win the lottery, or, like these 12 people, have a goal and a plan for getting there.


So you want to be a millionaire -- who doesn't? If you're looking for a little inspiration on your quest for wealth, get tips from people who already have made their millions. These success stories run the gamut from Grammy-winning songwriter to first-generation entrepreneur to every-day people who simply lived below their means. Their paths to wealth are diverse, but what they have in common is a 24/7 commitment to their goals. Learn from their experience what it takes to become a millionaire.

Plus, with the help of market research firm TNS Financial Services, we found where the nation's millionaires live. We put together a slideshow revealing the top ten cities and towns in the U.S. with the highest concentration of millionaire households. The results may surprise you.

TIP No. 1: Seize an Opportunity
When the tech industry tanked and her company "was almost down to a liquidation plan," Nina Vaca bought out her partner and reinvigorated the business by changing its focus.

TIP No. 2: Have a Fallback
Josh Abramson and Ricky Van Veen started their college-humor Web site while still in school. "If you fail, you just go back to being students," says Van Veen.

TIP No. 3: Learn From Your Experience
Dave Grotz's losses on tech stocks taught him a lesson about diversifying that helped get his tree nursery off the ground.

When Will I Be a Millionaire?





TIP No. 4: Take a Chance
Diane Warren, a Grammy-winning songwriter who has composed dozens of top-ten tunes, maximized her earning potential by forgoing a salary and striking out on her own.

TIP No. 5: Forget Stereotypes
"I'm not a natural businessman, and I'm not motivated by money," says Jeong Kim, who sold his telecommunications company for $1.1 billion. The key to success is "having a goal and the motivation to do something significant."

TIP No. 6: Simple Ideas Work
Investing regularly and living below their means helped Paul and Doris Cloud amass a million-dollar portfolio before age 50.

TIP No. 7: Find Your Niche
Emily Mange and Doug Zell run a specialty-coffee business in Chicago that competes successfully with Starbucks.

Currently experiencing technical difficulties. Please refresh page or try again later.

Credit Card Nightmare

credit card horror stories

Whether it was your fault -- or the credit card company's -- tell us about the biggest credit card mess you've gotten in.