Tag: how to become a millionaire

8 Things You Should Do Now To Become A Millionaire

Becoming rich has more to do with hard work and hustle than anything else. If you plan well and commit, anyone can become a millionaire. In this post, I shared with you 8 things you should do now to become a millionaire.

Becoming recognized as a ‘millionaire’ is one of the most sought after titles and accomplishments many people want to achieve. However, it’s anything but easy to achieve that status. The road to becoming a millionaire isn’t easy and unless you get lucky and win the lottery, you’re going to have to work your ass off to achieve it.

In order to achieve your goals and become a millionaire, you’ll have to navigate your route to prosperity. Self-made millionaires have admitted that becoming ultra wealthy takes a specific mindset and approach that very few have. It takes money, investment of time, discipline and a little luck to make your first million.

If you want to reach the seven-figure mark, here are 8 things you should do now to become a millionaire:

1. Make A Commitment 

Every journey begins with a single step. Before you make that first step, you have to decide to make that step. The same goes for becoming a millionaire. If you want to become a seven-figure earner, then you should already visualize what it will take to get there and what it will feel like once you’re there.

Make it a commitment to become a millionaire. Not only that, but you need to have clear intent in your mind that you will become a millionaire one day. But don’t get caught daydreaming about your first million for too long because without action, you won’t earn a single dollar. Commit to the massive goal of becoming a millionaire mentally and physically before you embark on your journey.

2. Have Multiple Sources of Income

The average millionaire has 7 sources of income. It’s very difficult to make $1 million dollars from just one business venture. However, millionaires understand this and they expand themselves across numerous possibilities. Those 7 sources of income can include smart investments, small side businesses or even a job.

To make money in this world, you have to be willing to invest and take risks instead of stuffing it in your bank account. Pitbull said it best when he said, “Scared money don’t make money.” You can become a millionaire 30 years from now if you save enough money and do all the right things, but who wants to wait that long? If you want to become a millionaire quickly, you’re going to have to make tough decisions with your cash.

3. Spend Less, Earn More

Let’s face it, more and more people are consumers than they are producers. Having ac consumer mindset means that you spend more time focusing your attention on what you will spend your money on instead of what you will buy with your money. Millionaires are the complete opposite. Instead of thinking of what to spend their money on, they’re constantly thinking of what they can produce to earn more money.

Earning more than you spend, can help you earn the millions of dollars you want. Cutting on expenses that are not essential can help you save a lot of money. To live within your means is the key to financial success. If you want to really become a millionaire, focus on spending as minimally as you need to so you can invest more.

4. Be Decisive 

In life, you’ll always be faced with crossroads. When you embark on a quest to earn a million dollars, you’ll definitely be faced with many tough decisions. Through my experience as an entrepreneur, I’ve learned to deal with the decision making process in a few ways. Access the risks and rewards of each decision and make a decision sooner, rather than later.

I’d rather make a decision, be terribly wrong and learn from it than sit there for months contemplating what the best decision may be. If you want to be truly wealthy, you have to be willing to make decisions quickly and deal with the consequences afterwards. Being decisive is a key to financial success.

5. Aim For More Than A Million

Aim for more than a million rather than settling for just a million. 20 years ago, a million dollars was really a lot of money and a lofty goal. However, nowadays it’s not as valuable as it once was. Many people may not even be able to retire off of just $1 million.

When you want to become a millionaire, you have to think big. You should not limit yourself into wanting just $1 million dollars only, try to commit yourself to a loftier goal such as $10 million. There is no shortage of money in the world; there is only shortage of people who are willing to go out and get it.

6. Surround Yourself With Professionals 

People who became millionaires and billionaires also need help from financial professionals. Find yourself a good financial planner that can help you to fill your portfolio with the right investments. Not only that, but a good financial planner can recognize bad investments and help divert your attention away from those.

The big thing with financial planners is that you really need to find one that you can trust because some of them may not have your best interest in mind. However, if you do find a financial planner that is knowledgable, they can give you the insight you need from their experiences to help you earn really good returns on your investments.

7. Upgrade Yourself

It isn’t the strongest or the smartest who thrives in the game of life. It’s the one who is able to adapt and constantly educates themselves. Whether you’re 50 years old or just turning 13, education is the true key to success in life. You need to constantly be learning and growing yourself if you want to be extremely successful.

One of the keys to success and becoming a millionaire is to really upgrade yourself. You can get knowledge by doing a number of different things. You can listen to relevant podcasts, seek out for mentors, read, take courses and unlock any knowledge gateway that can give you information you need. Some of the most successful and wealthy people are voracious readers and have never stopped learning every day.

8. Associate With Millionaires

If you want to be successful and become a millionaire, surround yourself with them. Your net worth is your network. Not only that, but there is no better way to think like a millionaire than by constantly associating with others who are that wealthy and getting insight on their way of thought.

Surrounding yourself with the people who share the same vision as you will help you reach your goals much more rapidly. When you associate with millionaires constantly, you become one of them because of what you learn.

Conclusion

Becoming rich has more to do with hard work and hustle than anything else. If you plan well and commit, anyone can become a millionaire. In this post, I shared with you 8 things you should do now to become a millionaire.

7 Signs You’re On The Right Track For Becoming A Millionaire

Earning a million dollars isn’t that wild of a thought anymore. In this post, I share 7 signs you’re on the right track for becoming a millionaire.

 

While some people like to argue that money isn’t a true measure of success, money is just a way to buy yourself freedom. It gives you the freedom to do the things you always wanted to do and to spend time your own way.

 

 

As a result of that, everyone has some sort of monetary goal that they want to achieve. Becoming a millionaire nowadays isn’t as hard as it may seem on the outside. With the right mindset and approach, anyone can essentially achieve it.

 

 

In this post, I’m going to share 7 signs you’re on the right track for becoming a millionaire:

 

 

1. You’re Investing Instead Of Saving

 

The best type of income is the one where you get paid without having to do much work. Why do the wealthier get even wealthier every single day? Wise investments. If you have money, don’t store it under your mattress. Instead, find a place where you can double, triple or quadruple it.

 

 

Millionaires believe in creating a rainy day fund that they never touch. Aside from that, all other money is invested into various types of money-making avenues. Every time you earn a dollar, think about how you can double it.

 

 

2. You’re Dreaming Big

 

One of my favorite quotes is, “Shoot for the moon. Even if you miss, you’ll land amongst the stars.” When people are setting a goal of one million dollars, you’re setting a goal of 25 million dollars. If you have that kind of attitude, you’re dreaming big.

 

 

What you dream and essentially think about continuously is what ends up happening. It’s the law of attraction and it plays a huge factor when it comes to wealth. Don’t go for the minimum, instead shoot for the most unrealistic goal you can think of.

 

 

3. You Never Say No To An Opportunity

 

Opportunities are always coming and going. However, millionaires don’t think like that. They don’t know which opportunity or connection it is that can take them over the top so they keep an open mind when it comes to everything.

 

 

If you’re passing down opportunities without even hearing them, you’re missing out big time. It only takes one big success to earn a ridiculous amount of wealth. Smart individuals are always waiting and keeping an open mind when someone is bringing them an opportunity.

 

 

4. You’re Learning Everyday 

 

Darwin said it the best when he said it’s not the strongest or the most intelligent of the species that survives. Instead, it’s the one who is most adaptable to change. The world is constantly changing every single day and you need to keep up with it.

 

 

If you’re stuck with the old ways, you’re not going to be wealthy or successful. Millionaires are learning and educating themselves every single day on what changes they can make to have the upper hand tomorrow.

 

 

5. You’d Rather Be Anything But Poor

 

Being poor or wealthy is really a mindset. Bill Gates said it best when he said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.”

 

 

Those are some extremely powerful words delivered by one of the wealthiest individuals in the world. If you’ve ever lived a day poor in your life, you truly understand how much it sucks. Use that as your fuel and motivation to promise yourself that you’re not going to go through that life ever again.

 

 

6. You’re A Goal Setter

 

Setting goals is crucial to success in anything. If you’re aimlessly working without having a purpose, you’re not going to be successful. You need to write down your goals and make sure that you’re working towards them every single day.

 

 

By setting goals, you don’t just want to set that big goal of earning a ton of money. If you want to earn $10 million dollars in 5 years. You might set a goal such as earning $500,000 the first year, $1.5 million the second year and so forth. Set small goals that lead towards your larger goal.

 

 

7. You’re Passionate 

 

If you’re not passionate about what you do, you’re not going to be successful at it. Talent can only take you so far. If you don’t love what you do, it’s going to be real hard to get up and put the work in every single day.

 

 

Millionaires are so successful because they love what they do and they’re willing to put in additional hours even if it doesn’t necessarily mean getting paid for that time. Find a passion of yours and use that to generate income. You’ll be much happier this way.

 

 

Conclusion

 

As mentioned earlier, earning a million dollars isn’t that wild of a thought anymore. In this post, we shared 7 signs you’re on the right track for becoming a millionaire.

 

 

photo credit: Tom Wolf | Photography via photopin cc

 

How To Become A Millionaire By The Time You’re 30

In this article, I share my personal guide on how to become a millionaire by the time you’re 30. See the exact tips and strategies I recommend.

 

While money shouldn’t be the only thing you go after in life, it’s definitely a great reward for your successes. What you do with your money is clearly up to you, but money is very powerful.

 

 

It gives you freedom and the ability to change numerous things. One goal that many people have is to be filthy rich, but they wait too long to set that goal. I made a conscious decision to become financially free by the time I’m 25 years old.

 

 

I’m only 21 years old and have a while to go to fulfill that goal, but I’ve been fortunate enough to learn some big-time secrets of conquering wealth from some great minds.

 

 

In this article, I share my guide on how to become a millionaire by the time you’re 30:

 

 

Make The Decision Early

 

When I turned 19, I made up my mind that I was going to be financially free by the time I’m 25. You need to decide what exactly it is that you want. If you want 1 million dollars by the time you’re 30 years old, tell yourself just that.

 

 

After you’ve set the goal, you need to believe it yourself. Tell yourself all the ways you plan to achieve that goal, create dream boards with motivation for what you’re going to do with the money and surround yourself with those kinds of thoughts every single day. What you believe is truly what you achieve!

 

 

Be Relentless

 

Every single successful people I know share one common characteristic. They refused to give up and that is why they are successful today. Making $1 million dollars is extremely tough, if it wasn’t….everyone would be doing it.

 

 

If you want that goal, you need to be relentless with it. Put in the work you know it will take to get that far and don’t stop until you get to your goals. Hard work is the only true answer for massive success.

 

 

Make Money Your B*tch

 

Each day I see and talk to people who are slaves to the money. They work day and night doing a job they hate to impress the people they don’t like. If that’s your approach to money, you’re never going to get wealthy.

 

 

While most people take their extra money and put it in their savings, you need to do the opposite. Save a minimal amount and invest your cash into things that have the potential to make you income while you sleep. Having multiple income streams is just the beginning to earning millions of dollars.

 

 

Don’t Get Comfortable

 

If you get comfortable, you get screwed. Why do we have such a large middle class? People want a half-decent life and they are absolutely okay with it. Millionaires on the other hand aren’t satisfied until they get where they want to be.

 

 

If you want your situation to change, you’re not going to be comfortable. You have to choose between comfort and change in order to be successful. Making a million dollars is never easy and you have to be awfully careful of getting comfortable somewhere along the way.

 

 

Surround Yourself With Others On The Same Mission

 

The best decision I made when I became an entrepreneur was to surround myself with hundreds of other like-minded individuals. Even though we weren’t directly competing in the business world, the competition was still there.

 

 

Imagine surrounding yourself with individuals who are accomplishing new things on a daily basis. They not only keep you focused but give you that extra motivation to work a little harder each day. Your network is your net worth.

 

 

Conclusion

 

In this article, I shared my guide on how to become a millionaire by the time you’re 30. If you’re serious about it, take massive action with the steps discussed in this post!

 

 

photo credit: Blosterblu – YT via photopin cc