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 &
repeating that. Start
following the money and it will force you to control revenue and see opportunities.
2. Don't show off -- show up!
Dont buy your first luxury watch or car until your businesses and
investments are producing multiple secure
flows of income.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
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 &you
shouldn't either. Money loves people that have a
great work ethic. When I was 18 years old, I was
in retail and the store I worked at closed at 10p.m.spar geoombridge
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 out work
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 investment. That company has paid me back that every month for
the year. 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 you can make is 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.
Steer clear of people that suggest your financial
dreams are born of greed. Avoid get-rich-quick
schemes, be ethical, never give up, and once you
make it, be willing to help others get there too.