6 Ways to Become a Millionaire While Working for Someone Else

A steady paycheck is a better start to achieving economic security than you might think.

You’ll never get rich working for someone else, or so they say. Many feel the risky, adventurous life of an entrepreneur is the surefire pathway of becoming a millionaire but what if you're happier and more comfortable working for a boss who pays for your medical insurance?

According to some estimates, if you’re considering becoming an entrepreneur you’ll have to make 35 percent more than your current salary to fully replace the income a day job brings in each month. For someone with a family to support, leaving the safety of a salaried position is risky, even if it might be more lucrative down the road.

If you’re set on becoming a millionaire, but you also want the security of working for someone else, here are a few options to consider.

1. Earn partner status

Partnerships aren’t just for law firms. Look for a small business or startup where you have a shot at becoming a business partner at some point. While many business owners either choose to form a partnership or sole ownership from the start, a small business founder can definitely change that as a company grows. Read more

John Boitnott - Entrepreneur - 27 June 2017

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