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Granted, this is easier said than done. If you don't make enough to stash 15%
of your income, it will be difficult to become a millionaire. But you do have a
few options available to you, such as:
Asking for a pay increase (if you think you're due for one)
Working extra hours
Getting a second job
Getting training to increase your earnings potential
Additional training pays off the most in the long run. Let's say you're a
Licensed Practical Nurse (LPN). The median income is $48,820 per year in
2020.2 Registered nurses, on the other hand, earn about $75,330 a year—
almost $30,000 more. Of course, it takes one to three years longer to become
an RN.3 But that extra money every year can really help you reach your
financial goals—especially if one of them is to become a millionaire.