Boy if everyone knew how easy it is to become a millionaire in the US, there would be no more whining about the economy. The catch is there is no catch. Anyone can become a millionaire in this country. it is so easy it's almost criminal. you don't have to start a business and risk everything, you don't have to be a genius, you don't need a college education. All you have to do is buy a house. here's how. buy a house, any house you can afford and live in it( for at least 2 years). Don't be stupid and keep remortgaging when the property value rises just pay the original mortgage(if you do refinance only do it to shorten the term do NOT pull out any equity). fix the house up a little and wait until you can sell for 150-250K over your purchase price. Now that profit of up to 250K is tax free folks. Use some of it for a down payment on your next house and invest the rest in a solid portfolio and repeat until you are a millionaire. So easy any moron could do it right?? of course one of you wet blankets will say "What about the real estate market now, i bet you can't do that now" wrong. One of the reasons people are upside down in their mortgages is that they kept remortgaging their homes and pulling out all their equity. do that enough and you will always lose the game. Don't do it and you will be rich. This is THE absolute best time to start on your path to being a millionaire, houses are on sale folks so if there is any way you can buy do it. now If you all care about your kids you will pass this little nugget of wisdom on to them. Just imagine if your son or daughter started this simple process in their 20's, he or she could be millionaires a couple times over by the time they are ready to retire now that's a legacy to leave your family.