How To Become A Millionaire In 10 Easy Steps9:25 AM
My dream is to become millionaire by age 30! I carefully learned "how to become a millionaire with no money" And now I'm prep...
My dream is to become millionaire by age 30! I carefully learned "how to become a millionaire with no money" And now I'm preparing to take steps to start making money. It seems the road to become millionaire is very rocky, and I have to go throw this and have to achieve success.
If you are planning to become wealthy, common and join me, lets walk to become famous.
Things to know before taking steps to become millionaire:
- Becoming a millionaire is not a reality show on TV, that makes you wealthy overnight. (Read here, how to become overnight success)
- If you are not lucky enough, you won't reach your destination.
- Most of the people things to be rich, but they stopped before went half of the way.
- You must have to consider that it will take time to make you wealthy, probably months, years...
- You have to consider to change your lifestyle. most of the people failed to become millionaire because they can't change their lifestyle.
- Its not too late to start, trust me, any one at any age can start being wealthy.
Becoming a millionaire by age 30 is possible, and you don't have to invest a huge amount of money. but you must have had clear conception and planning that what you gonna achieve and how you walk on the road to millionaire.
It's a matter of choices
I'm not suggesting you to decorate your home in plastic lawn furniture, forgo cable TV and dine on macaroni and cheese every night. I'm telling some important things to re consider if you really need those things or if you can avoid those expenses.
- Do you really need to buy a car that's so expensive that you must stretch the payments out 5 or more years?
- Do you really need that luxurious flat to live?
- Do you really need to use 3 or more smartphone, which is unnecessary money killer?
- Do you have to have that 50-inch
ultrahigh-definition TV right now?
Becoming wealthy is really only matter to your wish. Becoming rich takes serious willpower and long-term vision. You have to be able to keep your eye on the prize of financial freedom, be willing to sacrifice your present wants for the sake of your future and develop good habits to win.
The No. 1 reason people don't achieve financial independence they don't have strong wish to achieve. Be changed. Set your mind to reach the goal, and stay constant on it.
Follow the money
As the old saying goes: The early bird catches the worm… or, in this case, gets to retire in style. The sooner you put your money to work, the more time it has to grow. In today’s monetary surroundings you can’t spare your route to millionaire status. The principal step is to concentrate on expanding your pay in additions and repeating that. Do anything (avoid unlawful work) that makes you money, every moment of your life should be used to earn money. Remember earning money is the only key to become wealthy. No one will give you properties without doing anything, you have to earn it, achieve it. Its the perfect time to start. Begin after the cash and it will drive you to control income and see opportunities.
Have a financial plan
Save, save, save
The main motivation to save cash is to further invest it. Put your spared cash into secured, sacred (untouchable) accounts. The end result of your financial plan should be systematic investment. Get in the habit of saving money. Build an emergency fund in a money market account so you don't have to raid the rest of your savings and investments when there's an unexpected major expense. Make it a point to save at least half of every pay raise.
Live like you’re poor
Have you ever met someone who is unassuming and modest and then were surprised to later learn that they are actually rolling in dough? Millionaires are all around us, and many of them are probably not who you would think. This is because they smartly live below their means and save their money rather than showcase it. Don't be a walking billboard for overpriced designer clothes, shoes, sunglasses or jewelry. Don't allow your house or car payments to be budget-busters.
Of course, it’s easy to live below your means when you have millions, but even if you have far less, getting into the habit of spending minimally now will help you have a lot more later.
Make your money work for you
Cash doesn’t think about timekeepers, plans or occasions, and you shouldn’t either. Cash affection people, have an extraordinary hard working attitude. It takes money to make money, but that doesn't mean you need a lot to invest. Open an account with a mutual fund company that has no-load funds and low expense ratios. Build a diverse portfolio and you can reasonably expect to earn 8% to 10% annually on your investments over the long haul. Never attempt to be the smartest or most fortunate person, simply verify you outwork everybody.
Be an entrepreneur
The third option for becoming a millionaire is in the time-honored tradition of entrepreneurial pursuits. Starting a business and taking it to success isn't always easy, but for those with good business sense and the ability to spot start-ups that have potential to be great, entrepreneurship can be the vehicle to great wealth. Billionaire entrepreneurs might work in one of two ways: either by coming up with a great idea and taking it all the way, as in the case of Bill Gates and Microsoft. Or by spotting someone else's good idea and investing in it early on, helping to carry it to huge success.
Related: 10 most profitable home-based business ideas to startup
Be goal oriented
Related: 10 Tips to achieve you goal and success
Shoot for $10 million, not $1 million
“The single biggest financial mistake I’ve made was not thinking big enough,” writes Cardone. “I encourage you to go for more than a million. I force you to strive for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.
Don’t give up
You might think that this last tip is a little obvious (and it is). You never really know exactly when you’ll succeed. Don’t make the mistake of giving up halfway, because you might be a lot closer to your goal than you think.
Success is closer than you think. So don’t give up!
Become a millionaire, over to you
Money does, however, have some wonderful attributes. It can help you feed your family and can help you feed other families. It can help you spend more time with your family — IF you utilize your time right (there are countless stories of millionaires who are deadbeat parents). It can help you give to your church, to your political party, or to charities. It can free you from the need to answer to a boss that you dislike, the fear of knowing where the next mortgage payment is coming from, the pain of knowing you can’t afford the medication needed to help your sick spouse.
Money is not everything. Becoming a millionaire is not everything. It’s a fun goal to have — but, at least for me, it’s the journey that is the real prize. It’s making a plan and seeing your plan come to fruition. It’s knowing that “I did it.”
So do you truly want to become a millionaire?