4 Paths to Becoming a Self-Made Millionaire


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So, you want to be rich.

Well, you’re standing in a very long line.

But, you may be standing in the wrong line.

You see, there are four primary paths to becoming rich. But not every path is the right path for you.

Each of us is different, genetically. Each of us was raised in a different household. Each of us grew up in a different neighborhood. Each of us has different strengths and weaknesses. Each of us has different interests. Some of us like numbers. Others words.

Everyone’s different.

And because everyone’s different, each path to creating wealth, is different for each person.

So, let’s explore the four different paths to riches:


What if I told you that there is a guaranteed path to becoming rich? There is a path to becoming a self-made millionaire that does not require any unique set of skills, does not require special knowledge and does not require taking courageous risks.

The Saver-Investor Path is one almost any individual can take. It has only two rules that you must follow:

  1. Save 20% or more of your income by living off of 80% or less of your income and
  2. Consistently and prudently invest your savings.

According to my Rich Habits Study, this chosen path took 32 years to accumulate an average of $3.3 million.

This path is not for everyone. It requires enormous financial discipline and a long-term commitment.


Working for a big company and rising up the ladder into senior management is another path to riches. In most cases, the wealth these self-made millionaires accumulate comes from either stock compensation or a partnership share of profits.

This path is also not for everyone. You must devote yourself to one company for a long period of time. And there are risks. The biggest risk is you could be fired.

A secondary risk is profitability. If the company struggles financially, for whatever reason, your time investment in the company may not be rewarded, to the extent you expected.


Virtuosos are individuals who are the best at what they do or possess knowledge which sets them apart from all of the competition.

Becoming a Virtuoso requires an enormous investment in time, and often money.

Skill-based Virtuosos devote themselves to many years of Deliberate Practice and Analytical Practice.

Analytical Practice often requires the services of a coach, mentor or expert who can provide immediate feedback. This feedback, in most cases, costs money.

Knowledge-based Virtuosos must spend many years in continuous study. Oftentimes, this requires formal education, such as advanced degrees (PhD, Medical Degrees, Law Degrees, etc.).

Again, this path is not for everyone. Not everyone has the ability to devote significant hours every day practicing their skill, or the financial resources to pursue advanced degrees.


The Dreamer Path requires the pursuit of a dream. This might be starting a business. It might involve becoming a successful author, musician, actor or artist. It might be the creation of an app, product or some unique service, which provides added value to a significant number of people.

According to my Rich Habits research, this chosen path it took approximately twelve years to succeed and become rich.

This path requires a high tolerance for risk, stress and uncertainty. Not everyone has the fortitude, being a Dreamer requires.

There are other secondary, improbable paths to accumulating wealth, such as marrying into money, inheriting money or winning the lottery. These are strategies, however, that depend more on random good luck than anything within your control.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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