My Millionaire To Do List


I’ve always been one to stay organized and on top of my money but not until recently have I been inspired to use those skills to become a millionaire. When I finally landed a full-time job in November of 2009 I decided to become much more serious about budgeting and saving money, so I started looking on the web at all the personal finance blogs. I had no idea there were so many and that I would soon become A-DDICTED!

A big props to J Money at — it is the one blog I look at every single day and read almost every single comment. It really is the personal finance blog that won’t put you to sleep. J Money is the one to inspire me to not only “hope” to become a millionaire but set the GOAL and create systems to reach that goal. And also the inspiration for starting a personal finance blog myself. So here we are!

The things I need to do in order to become a millionaire one day are as follows…………*drum roll please!*

1. Don’t spend money senselessly!!!

This is the biggest thing I see people my age group NOT doing (I’m in my 20s). People spend money on any and everything they want. The new $50 video game. The $3 energy drink to stay awake at work. The candy bar out of the vending machine. The $100 new gadget they’ll use once and then throw in their closet until they sell it on ebay 2 years later for $7.50. I refuse to be one of these people. I can take my lunch to work so I don’t have to eat out all the time. I can sleep so I don’t need an energy drink, and who needs candy bars anyway? Do you know how many calories are in that thing?? The way to spend smart is to keep a BUDGET. Yes, I said the B word. It doesn’t have to be boring. It can be really really exciting if you will let it.

2. Save at least %20 of monthly income.

This is cash savings for my emergency fund, cash savings (for insurance deductibles and car repairs/tires, etc.), as well as for planned vacations and certain items I may want (new cell phone, certain pair of expensive shoes, etc.)

3. Enroll in my employer’s 401(k) plan as soon as possible and contribute the max to it yearly.

I am not eligible to be a part of my 401(k) plan until November 2010 but when that time comes, they will match my contribution up to 5% of my income (I will give everyone a financial snapshot of what I make, what I owe, what I have, etc. in another post.)  This is definitely a “to-do” though I do not know how this is going to work out in the next few years as I am building wealth.

4. Max out my Roth IRA every year.

Once again, until my income increases a little bit I’m not sure if I’ll be able to do this but it’s definitely a goal and a “to-do” once I can so I can become a millionaire one day!

5. Pay and keep off debt!

Right now my only debt is student loans. They were well worth it for me to take on but I want to pay them off as soon as I can. It will only drag me down in the future. My plans to takeon debt in the future are very limited. Right now I am thinking a mortgage is the only other debt I want to get into.

So there you have it! I’m going to spend smart, save lots and keep off debt. Sound simple? It is. But it’s the way to become a millionaire.

Are you ready to be a part of the Million Dollar Club?
Visit and read others’ to-do lists to help start your own!


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