5 Better Ways To Become a Millionaire Than Playing the Lottery

Invest in a High-Yield Savings Account

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That’s a solid return on your investment. Even if you only spend a few dollars a week on lottery tickets, if you put that money into a savings account instead, you’ll see a decent return on your investment thanks to the power of compound interest.

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Pay Down Credit Card Debt

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Just as compound interest is a selling point for savings accounts, it’s a destructive force when it comes to high-interest credit card debt.

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Safeguard Your Retirement

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If you aren’t maxing out your 401(k) (especially if your employer matches funds), you’re ignoring a solid means of building wealth. Retirement plans aren’t exciting, but they are important.

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Put Cash Into Home Improvements

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Investing in home improvements or renovations can improve your quality of life now by increasing the enjoyment you receive from your home

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Seek Out Education or Personal Development

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Investor Warren Buffett has famously said, “Generally speaking, investing in yourself is the best thing you can do.”

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