10 Steps You Need to Follow in Becoming a Self-Made Millionaire Of Your Family

5. Invest Wisely

Learn about different investment options and create a diversified portfolio. Consider stocks, real estate, mutual funds, and other investment vehicles that align with your risk tolerance and financial goals.

6. Live Below Your Means

Avoid lifestyle inflation. Instead of increasing expenses as your income grows, focus on maintaining a frugal lifestyle. This allows you to save and invest more for the future.