At first glance, building a net worth of $1 million might seem unattainable, but it's more realistic than you think. In fact, you don't even need a winning lottery ticket or a trust fund to join this exclusive club.
Your annual income certainly plays a role, but the way you allocate your funds actually matters more than your salary. When properly planned, a solid work ethic, responsible spending habits and savvy investing can grow your fortune to $1 million -- and far beyond.
Achieving this goal will require you to make some sacrifices, but the feeling of financial security is priceless. If you're serious about becoming a millionaire, it's time to start making some major moves. Craft a solid game plan by incorporating some -- or all -- of these 12 tips into your lifestyle and get on your way to making your first $1 million.
(By Barbara Friedberg)
(Laura Woods contributed to the reporting for this article.)