Many people will not
believe that they will have chance to become a millionaire before their 30. But
anything is possible. Let’s us see the man’s experiences that makes him
becoming a millionaire.
Here are the 10 steps that
will guarantee you will become a millionaire by 30.
1. Follow the money. In
today’s economic environment you cannot save your way to millionaire status.
The first step is to focus on increasing your income in increments and
repeating that. My income was $3,000 a month and nine years later it was
$20,000 a month. Start following the money and it will force you to control
revenue and see opportunities.
2. Don’t show off -- show up! I
didn’t buy my first luxury watch or car until my businesses and investments
were producing multiple secure flows of income. I was still driving a Toyota
Camry when I had become a millionaire. Be known for your work ethic, not the
trinkets that you buy.
3. Save to invest, don’t save to
save. The
only reason to save money is to invest it. Put your saved money into
secured, sacred (untouchable) accounts. Never use these accounts for anything,
not even an emergency. This will force you to continue to follow step one
(increase income). To this day, at least twice a year, I am broke because I
always invest my surpluses into ventures I cannot access.
4. Avoid debt that doesn’t
pay you. Make it a rule that you never use debt
that won’t make you money. I borrowed money for a car only because I knew it
could increase my income. Rich people use debt to leverage investments and grow
cash flows. Poor people use debt to buy things that make rich people richer.
5. Treat money like a jealous
lover. Millions
wish for financial freedom, but only those that make it a priority have
millions. To get rich and stay rich you will have to make it a priority. Money
is like a jealous lover. Ignore it and it will ignore you, or worse, it will
leave you for someone who makes it a priority.
6. Money doesn’t sleep. Money
doesn’t know about clocks, schedules or holidays, and you shouldn’t either.
Money loves people that have a great work ethic. When I was 26 years old, I was
in retail and the store I worked at closed at 7 p.m. Most times you could
find me there at 11 p.m. making an extra sale. Never try to be the
smartest or luckiest person -- just make sure you outwork everyone.
7. Poor makes no sense. I
have been poor, and it sucks. I have had just enough and that sucks almost as
bad. Eliminate any and all ideas that being poor is somehow OK. Bill Gates has
said, "If you’re born poor, it’s not your mistake. But if you die poor, it
is your mistake."
8. Get a millionaire mentor. Most
of us were brought up middle class or poor and then hold ourselves to the
limits and ideas of that group. I have been studying millionaires to duplicate
what they did. Get your own personal millionaire mentor and study them. Most
rich people are extremely generous with their knowledge and their resources.
9. Get your money to do the heavy
lifting. Investing
is the Holy Grail in becoming a millionaire and you should make more money off
your investments than your work. If you don’t have surplus money you won’t make
investments. The second company I started required a $50,000 investment. That
company has paid me back that $50,000 every month for the last 10 years. My
third investment was in real estate, where I started with $350,000, a large
part of my net worth at the time. I still own that property today and it
continues to provide me with income. Investing is the only reason to do the
other steps, and your money must work for you and do your heavy lifting.
10. Shoot
for $10 million, not $1 million. The single biggest financial mistake
I’ve made was not thinking big enough. I encourage you to go for more than
a million. There is no shortage of money on this planet, only a shortage of
people thinking big enough.
Apply
these 10 steps and they will make you rich. Hope these tips will help you make
it!
http://www.fx77.com/inte?lang=en&lrx
没有评论:
发表评论