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Ninety-four percent of the people we studied said they live on less than they make, and nearly three-quarters of the millionaires have never carried a credit card balance in their lives! They also said they spend $200 or less each month on restaurants. And 93% of millionaires use coupons all or some of the time when shopping. If Kylie Jenner can become the world’s youngest “self-made” billionaire at 21, surely the rest of us can manage to become mere millionaires over our lifetimes. The truth is that there are.

By Lee HuffmanMillionaire Life of MediafeedMillionaire Life

This is no get-rich-quick scheme

There are a lot of millionaires in the U.S. You could become a millionaire too because joining the millionaire club is just a math equation involving time, the amount of money you save and the rate of returns on your investments. The more money you save and the higher your rate of return, the quicker you'll become a millionaire. Of course, your work ethic and commitment to your goal of having a million dollars in the bank plays into it all too.

To help you achieve your goals, here are some real-life strategies for how you can become a millionaire in five, 10 or 15 years.

Whether your goal is to become a millionaire in five, 10 or 15 years, there are some basics you need to get a handle on first. Reaching millionaire status requires a solid financial foundation. These 10 steps will move you in the right direction:

Related: 8 simple pieces of advice from Warren Buffett that any investor can use

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Millionaire Life was a national promotional lottery game that offered a top prize of $1 million a year for 25 years, four prizes of $1 million and 20 prizes of $100,000. It has been run four times across Canada between 2007 and 2011.

Organization[edit]

The Millionaire Life promotional lottery game is administered by the Interprovincial Lottery Corporation, an alliance of the five regional (some provincial) lottery corporations that cover all of Canada.

Millionaire life game

2007 promotion[edit]

The winning ticket was purchased by Jagtesh and Gurinder Grewal, both of Winnipeg, Manitoba.[1] They split the lump sum payment of $17 million instead of the annuity of $1 million a year for 25 years because there was more than one person claiming the prize.[2]

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2008 promotion[edit]

The winning ticket was purchased by a Burnaby, British Columbia woman, Angela Towle. She opted for the lump sum of $17 million.[3]

2009 promotion[edit]

Millionaire Lifestyle

The winning ticket was purchased by Faye Lepage of Edmonton, Alberta. She opted for the lump sum of $17 million.

2011 promotion[edit]

Millionaire Life ran from March 1 to 31, 2011, with the draw happening the night of March 31.[4] The winning ticket was purchased in Quebec.[5]

Future[edit]

Millionaire Life Coaches

Millionaire Life did not run in 2012. Ending the Millionaire Life lottery being replaced by the Daily Grand.[6]

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References[edit]

  1. ^Who Won The Millionaire For Life Lottery?[dead link]
  2. ^'OLG - Millionaire Life Frequently Asked Questions'. Archived from the original on 2009-02-27. Retrieved 2009-02-25.
  3. ^It's a dog's life for Millionaire Life winnerArchived 2011-10-06 at the Wayback Machine
  4. ^'How to win $1 million every year for 25 years'. Newswire. 2011-03-03. Retrieved 2011-03-05.
  5. ^'MILLIONAIRE LIFE 2011 Winning Numbers'. Western Canada Lottery Corporation. 31 March 2011. Archived from the original on 9 September 2012. Retrieved 24 September 2012.
  6. ^'Millionaire Life'. Western Canada Lottery Corporation. Archived from the original on 1 May 2012. Retrieved 24 September 2012.
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See also[edit]

  • Lotto Super 7 (replaced by Lotto Max in September 2009)

External links[edit]

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Millionaire_Life&oldid=963482297'