A 27-year-old millionaire reveals how he built his wealth

This week I came across an interesting article on Anton Ivanov, a 27-year old who has became a millionaire through his own hard work, diligent saving, and astute investing. Here is the link to the article:

Yahoo Finance: http://finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html


Here are 10 key pointers summarised for your easy reference:


1: Start investing early and stick to it

2: Fund investing can work if stocks are not for you

3: Rebalance your portfolio at least once a year

4: Read books (useful ones)

5: No need to waste money on expensive/branded things

6: Keep an emergency fund

7: Increase your income streams

8: Automate your savings

9: Never rely on credit

10: Believe you can do it!


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