Okay. I know. This isn’t an easy one to implement. Creating a successful smartphone app today, in a field littered with apps, is monumentally difficult. But it’s not just the app creation that’s hard itself, it’s the marketing of that app. With so many apps vying for peoples attention, and so much money to be made by the sheer volume of the industry, it’s no wonder why competition is tremendous.
Start by purchasing a home that you can comfortably afford and drive vehicles that suit your lifestyle without straining your budget. You don’t have to be pulling down $75,000 a year and drive a 1992 Civic Hatchback or live in a dump, but throwing your money at a 4,000 square foot home in a gated community with luxury cars or SUVs that cost as much as one year of your salary won’t help you become a millionaire. Some may argue that an expensive home and real estate in general is a good way to become a millionaire, but I will touch on that later.
I appreciate your kind words. Thank you. My Millionaire Mentor is nothing like what it pretends to be. It’s not a generous millionaire offering to help you become a millionaire too. It’s all a lie told by a charlatan trying to steal your money.
Just as we mentioned before, to save for investments, it is also important to ensure that you saving in multiple departments with a goal in mind. While you savings and investment accounts are multiplying with the goal of becoming a millionaire by 30, you day-to-day savings should have a reason as well. You may remember the multiple times you encounter a sell on shoes and because it is 25 percent off last week’s price, you feel that you are making a good economic decision by buying this sale item.
It might not sound all that glamorous, but becoming a virtual assistant is something that can help you get by, especially if times are tough. Depending on where you live and what the wages in that area are, becoming a virtual assistant can either be a solid move or something that can simply help to keep the lights on, so to speak.
Having a foundation in personal finance is necessary for becoming (and staying) a millionaire. Living on less than you make, saving, investing, and controlling your money are vital skills for growing and holding onto wealth.
Money magazine’s website has a useful tool called The Prioritizer to help you figure out which of your goals are most important to you. You can enter up to 15 items, and they can be a mix of short- and long-term goals. You answer a series of questions that ask you to choose between every possible pairing of the goals you entered. When you’re done, The Prioritizer shows you how you ranked your own goals. Check out The Prioritizer as you plan for your future as a millionaire.
Step four. Get customers. Knock on every door. Call up every biz dev person. Make a how to become a millionaire in your 30s of 1000 potential customers and start updating all of them about your offerings, your new offerings, your customer development, your testimonials, your outreach and so on.
Monitor cashflow with an eagle eye in your start up business. This is one time in life where obsession is a good quality. Every cent counts and if it’s not in your savings or being churned back into your business, it’s in someone else’s pocket.
For Andrew, I got a high level guest post and asked if I could include him in it (they had over 200,000 subscribers) We ended up chatting on the phone and I asked him to come on my show then. (instead of emailing him over and over, give first, then ask!)
How to invest your money is the easy part. With the mutual funds available today from companies like Vanguard, finding low-cost well-diversified investments is really simple to do. But the key is saving at least 10%.
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It’s important for us as Africans to change our mindset about the process of getting rich and the journey to becoming successful. Now you know how powerful a penny can be, now you know how tough the journey is and that results will only start to show at the very end of your entrepreneurial journey.
Not only that, but when you think about your 10X goal, you’ll probably have ideas that scare you. When you do work that scares you, you cross a boundary that most people never cross. Scary work is often highly profitable and valuable work.