Being a millionaire does
not mean having a million dollar in your bank account. If you have assets such
as houses, cars, stock, savings and other investment equals or greater than $1
million, then you are a millionaire.
This is the same story for so many
Americans who have unlocked the secrets to wealth creation, success and
freedom.
Now let’s quickly discuss
how to become a millionaire before or by early 30. The first question we need
to ask is that how did we do it and what does it take to continuously produce
huge income so early in life.
Below are some of the
three strategies which i have noticed in this global elites of young
millionaires
1. Early Prioritization
During my high school
days, i was very clear on my future wants and how i want my life to be before
30. Where ai would like to live, the kind of business i would like to do, if i
would be married and have children, the type of freedom i would like to have
and so on.
On my graduation day, i
never forget to write my personal vision and mission statement in a portable
notebook. To avoid being deviated, i plastered my goals everywhere where i
would be seen it on a daily basis.
The next line of action
was to began a reverse engineering thinking of what it would take to actualize
my vision, The required behaviour to adopt, the way and manner to budget my
money. Nothing was left to chance even including the type of girl i should be
dating.
Now what do you think about this, does it look
“over-structured” or too complex for any young person.
My answer is that, it is
not difficult due to the fact that this is the level of early prioritization
that actually makes distinction between those people who find wealth, success
and freedom and those who don’t find anything of such.
2. Be Aggressive Achiever
According to one of the
online successful blogger, name withheld, he said one of his favourite quote
is, “Obsessed is the word indolent people use to describe the dedicated” and
you know quite well that millionaires and the word obsessed usually go well
with each other.
It is like an ailment you
want to cure, you need to be addicted to instruction and drug administration.
To achieve success in
life, you have to be fanatical in implementing your plans to realise your
dreams. Once you know where you are heading to, you don’t need to waste time in
making sure your dream become a reality.
Success requires a dogged
determination, perseverance and self-discipline to create amazing wealth and
join the millionaire club.
One of the major reasons
that take young people away from achieving their dream is the attitude of
wasting time. Young guys involve in unprofitable activities that wasted their
precious and productive time and it really take them very far away from
actualizing their dream.
If you want to have
freedom, take vacation and only work when you want, you need to be aggressive
in pursuing your dream.
3. Must Be A Good Money Manager
It takes a unique level of intelligence and
discipline to manage your money effectively even if you are coming from a
family who does not get it right before. This is a critical age when you need
to get things right something that will delay your fortune and make you work
without having retirement age.
There are 3 things which
young millionaires understand:
-
The Kind of effort they
can put to undoubtedly make money: It could be starting a business,
generating passive income or positioning them for a lucrative career.
-
Living Below Your Means: You don’t need to live
your life with debt after debt. You can eradicate debt completely no matter the
situation. There is nothing wrong in saving 20% of your income at least in a
month. Stop buying what you don’t necessarily need and do everything possible
to keep your expenses low.
-
What makes a good
investment: Maintaining a good investment is when you cultivate the habit of
reinvesting the profit made back to your business with low risk and high ROI on
investment.
Fortunately, it is
possible to learn all i outlined above within a short period of time. You can
take short part-time classes, taking and reading few books. A strong dedication
to sound financial management will definitely put you ahead of the crowd.
Conclusively, before i go,
i need to ask you about how you are planning for your millionaire path. In
case, 30 years of age is too early, you can decide to be a millionaire at age
of 32, 33, 35 or even 40. Just try to identify what is working in your strategy
and keep doing it over and over to produce substantial income.
To Make sure you realize
your dream of becoming a millionaire at your desired age, i have compiled some
list of motivational, money making and investment guides that will teach you
exclusively and smooth your journey to create unlimited wealth, financial
independence, maximum freedom and geographical independence.
The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad
Your comment will be highly appreciated and can also inspire someone today and forever
Your Friend,
Sulaiman Oladele
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