How to Become a Millionaire: Simple Method6:22 PM
Everybody wants to become a millionaire and get rich. Some people just don’t know How to Become a Millionaire or where to start. You can ge...
Everybody wants to become a millionaire and get rich. Some people
just don’t know How to Become a Millionaire or where to start. You can get rich in your own way and you
can start today. These tips will get you started on visualizing the
road ahead of you and enable you to set goals to make more money than
you ever dreamed you would. Here are 9 different exercises for you to visualize how to become a millionaire and achieve financial independence. So a million quid ain’t what it used to be. It’s actually getting easier
every day thanks to things like inflation. So for many budding
rich-listers it’s a question of lifestyle and not having to worry about your finances.
|How to Become a Millionaire|
How to Make More Money: Start By Writing Down Your IdeasBuy a spiral notebook. Carry it with you if you possibly can, and write down every idea that comes to you throughout the day. Review this idea log on a regular basis. Sometimes, one idea that you have while you are driving along, sitting, reading, watching television, or in a conversation may be the insight that will lead to the start of your fortune. If your goal is to make more money, write down all of your ideas as to how you will achieve this goal. The rule is, “Catch the idea and write it down.” If you don’t write it down quickly, you will very often lose it.
Goal Setting: Relax and Reflect on Your Financial GoalsTake regular time-outs to relax and reflect on your goals and the obstacles that are holding you back from achieving them. During these times of relaxation, ideas will often pop into your mind that can save you hours, days, and sometimes years of hard work.
Gaining Financial Independence Using The Magic Wand TechniquePractice the exercise of fantasizing on a regular basis. Sometimes this is called the “magic wand technique.” Imagine that you have a magic wand and you can wave it over your current situation or problem. Imagine that as a result of waving this magic wand, all the obstacles are removed from between you and your financial goals. Tip: Don't waste time by thinking How to Become a Millionaire, work hard instead thinking, it will work for you.
Project Forward and Think Back on Your Financial GoalsImagine that your goal is to build a successful business in a particular field. Project forward three to five years and imagine that you now have a successful business in that field. What would it look like? How big would it be? What kind of people would you be working with? What kind of reputation would you have in the marketplace? What would be your level of sales and profitability? How would you be running this business? And especially, what could you start doing right now to make this future dream a reality.
How to Become a Millionaire By Practicing “Mind-Storming” on Every ProblemPerhaps the most powerful method of stimulating creative thinking is called “mind-storming,” or the 20-idea method. More people have become wealthy, including me, using this idea more than any other method of creative thinking ever discovered. In fact, this technique alone could enable you to gain financial independence. The method is simple. Take any problem or goal that you have and write it at the top of a sheet of paper in the form of a question. For example, if your goal is to double your income over the next 12 months, then you would write, “How can I double my income over the next 12 months?” You then discipline yourself to write at least 20 answers to that question. You can write more than 20 answers if you like, but you must use your discipline and willpower to write at least 20 answers.
Save Your Money and Become a MillionaireAt the very simplest, if you were to save $100 per month, from the time you started work at the age of 20 until the time you retired at age 65, and you invested that $100 per month in a mutual fund that yielded you an average of 10%, you would be worth approximately $1,118,000 by the time you retired. Chances are, your discipline and your resolve to continue saving, year in and year out, would have such an effect on your character and your personality that you would end up earning far more than 10% per year. But at $100 per month, anyone can become a millionaire.
Think BiggerGrant Cardone went from broke in college at 21, to an internationally recognized millionaire entrepreneur by 30. He’s helped build up several businesses and consulted for sales training in multiple Fortune 500 companies. What’s more, he’s also authored five books in five years, one of which went on to become an NY Times bestseller.
Don’t Give UpYou might think that this last tip is a little obvious (and it is), but there’s a cool story behind it.
Brenton Hayden started his career at 19, working a sales route for Kellogg’s snacks. He became very successful at it in a very short amount of time, but then a screw-up got him dismissed from the job. He got another job at a real estate company, but unfortunately that didn’t pan out either in the long run.
Brenton finally decided to go into business for himself and started the groundwork for a property management company. His initial marketing strategy?
One the first three calls, Brenton got turned down. But again, the guy refused to give up.