Becoming a millionaire is no easy feat. Earning your first million before you’ve turned 30 is about as improbable as it gets. But if you really had the mindset of a millionaire, you wouldn’t let the odds deter you. After all, we live in a time of unbelievable prosperity.

If you’re a teenager or 20-something looking to earn your first seven figures before turning 30 (a lot of math in that sentence), there are a few steps that might help you get there. Rest assured these tips aren’t a get-rich-quick scheme. Rather, they are simple, proven strategies for making money. The more you put these strategies into action, the more likely you are to watch your money grow. So read this top-ten list and begin counting down to your 30th birthday. With a little bit of luck and a lot of hard work, you too may join the exclusive millionaire’s club.

1. Increase your income

You really shouldn’t roll your eyes at this. How else do you expect to become a millionaire before you’re 30? To achieve this lofty goal, you need to increase your income. Period. Whether this means upskilling, earning a new credential, starting a business or opening up a trading account, you simply must increase the amount of money coming in. This usually entails diversifying your income streams. You’d be surprised just how many income sources millionaires have (hint: it’s way more than one).

2. Invest, don’t save

You know that extra money you have left over after you’ve covered all of your living expenses? It should probably go into an investment account where it has the best opportunity to grow. A secure, long-term investment account is one of the best ways to grow your money. Through compound interest, regular contributions and higher asset valuations, an investment account provides far more growth opportunity than traditional savings.

3. Get out of personal debt

If the debt doesn’t pay you, it’s probably personal debt (credit cards, lines of credits, etc.). Pay it off in full as soon as you can or forget about becoming a millionaire any time soon. Personal debt is one of the biggest impediments to becoming wealthy. Don’t fall into the habit of trying to pay off debt and build wealth at the same time. Focus on one strategy at a time.

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