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How To Become A Millionaire

By on 16:20

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! Don’t buy luxury watch or car until your businesses and investments are producing multiple secure flows of income.

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.

4. Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. You can borrow money for a car if only if its could increase your 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. Never try to be the smartest or luckiest person -- just make sure you outwork everyone.

7. Poor makes no sense.  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. Don't wait to start big, just start no matter how little your capital is now.

10. If you are a guy, forget everything about girlfriend for now because most relationships today cost money and time and that will distract you from your target- making money! (This may sound so impossible and difficult to do but if u can adhere to it, u will be so glad u did, remember, pleasure cost money and it comes after money...but if your pleasures comes first, your money may be at stake)

Form a mentality that all women today love money or prefer rich guys to broke guys, and that will be your motivator on daily basis to chase after money first.

*and if u are too sex...ually active that u can't do without a girlfriend now that u are broke, and u aren't committed to God, then learn to self-service to keep yourself emotionally calm when high; its safer, zero cost and better too.

11. Celebrate other successful people: don't envy, hate or harbour dislike or hatred for successful in your mind....celebrate them openly and secretly and always make a silent prayer with faith in your heart to be like them someday.

12. Act and stop complaining: when you see a viable biz opportunity, act immediately. If you don't have money to venture into it, then learn to convince friends and family members to invest in your ideas.

Stop seeing challenges all the time cos there will always be a challenge no matter who you are.

13. Forget paper education:
 pursuing your PhD, masters, etc are all good ideas but if you truly want to be a millionaire, then you must stop thinking just about which paper qualification to acquire and think business and money-converting ideas for now. Acquiring of certificates and big degrees can always come later when u succeed and u may even get them conferred on u for free cos of your financial success.

14. Give! Give! Give! If you want to be rich, then learn to be generous. Make it a priority to give someone an arm each day or week. It mustnt be an official beggar...it can be a kid....an old woman....etc. Giving activates unmerited favour. I don't know if its spiritual, natural of philosophical....but its real.

15. Spend less time on social networks (BBM, whatsapp, facebook, twitter, 2go, etc) unless it is bringing you money or adding to your financial/business growth cos the more time u spend on social networks chit-chatting, the more money u are making for the already rich guys that own these social network platforms while wasting and killing your own precious time.

16. Monetize 95% of your time and activities in life, if possible, monetize your sleepsmiley

As for the bad Nigerian economy, its an advantage to anyone who aspires to be a millionaire if you know what to do and how to do it. So don't let the economy situation discourage u @Chisun.


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