How to become a millionaire at 25

Let's quickly walk through the rest of your life, taking a look at the steps you can take to become a millionaire (or even a billionaire!).

As a student

Most students have to scrimp just to get by, and can expect to leave university with a hefty amount of student debt (if you're feeling brave today, here's how much ).

So, becoming a millionaire at this stage in your life is a little out of reach. However, if you have serious aspirations to become rich later down the line, now's the time to get your act together.

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Set goals!

The money game is a long slog – cash doesn't grow on trees. Before you embark on your millionaire challenge, it's vital that you have a clear life plan.

You need to work out a feasible and realistic route to making your millions that draws on your past skills, experience and ambitions.

We'll touch on setting income goals later on, but if you're serious about this then you need to know how to achieve it, not just dream it!

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Sort out your spending habits

Most millionaires don't run around buying Lamborghini's all the time while cracking open the champagne at breakfast.

In fact, that's part of the reason why they're millionaires in the first place – instead of splashing the cash at every given opportunity, they've allowed their money to grow.

They say that ‘a fool and his cash are soon parted', and that's a fairly decent motto to live by if you want to join the super-rich.

Hone in on your money skills

Practicing some basic budgeting  and money-saving saving skills while you're a student will stand you in good stead for the rest of your life, so don't just write it off as ‘something you'll do another day'!

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Start earning!

Sorry for stating the obvious here, but to be wealthy you need to have income. Use any spare time you have (aside from studying and partying) to earn some cash. It's a good idea to land a part-time job , but it can also pay off to be more creative.




 Not only will this pull in some additional cash, but you'll be testing out your entrepreneurial skills before you've even graduated.

Start saving

This is another way to make money.