Above all else, living within your means is the key to financial success. If you can combine both of these principles, earning more and spending less, you will be ahead of 95% of the world. If you want to supercharge your millionaire journey, it’s important that you aren’t spending every dime that you earn.
Building your success upon a product or service that is useful to others is a sure way of guaranteeing a continuous income. Think of the genius behind Apple computers, Microsoft, or even your favorite shoe brand – these are all products/ services that people need. They are an integral part of daily life, and in this way, were created to serve people. The relationship between the brand and the consumer, or the you and those you serve, are long-term and always evolving.
10% isn’t a likely return: The historic 100 year average for US Stocks, dividends included, is around 10%. Not great at investing? Go open a Scottrade or Fidelity account and put the money in a highly diversified stock fund like SPY or VTI. Put your 10% or 20% in every month, and don’t touch it for 25 years. That will get you pretty close to 10% returns.
Rich people are typically self-employed and determine the size of their own paycheck, Siebold writes: “It’s not that there aren’t world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest. The great ones know self-employment is the fastest road to wealth.”
This is a great post. I have never interviewed anyone one yet but this is a motivation to do so. Also loved the “pay for their time” advise. Thanks for sharing the awesome information! Will be waiting for more of this kind!
Setting a 10X goal will be one of the best things you’ve ever done for yourself. This goal should be created while you are in a peak state. You get into a peak state by doing something powerful, whether that be exercising, learning, or being in a unique environment, such as a foreign country. You can even get into a peak state by being around certain types of people, the ones who inspire you to be the best version of yourself.
Asking for help wasn’t my forte, but I had to make it happen. Within months I had a lawyer, editor, personal trainer, part-time chef, and other personnel. It cost me a fortune at first, but eventually helped push me into the million-dollar mark. Most people won’t ask for help because their ego is in the way.
It is a sad fact that there are many scams out there. https://youtu.be/oqILt-n4Qns nearly fell for one just like the Ryan Matthews one myself a couple of months back when I was looking for a way into world of internet marketing.
Actually, My Millionaire Mentor sounds a lot like a product I reviewed called Digital Altitude. In fact, they sound so much alike that I had to double check to see if they were run by the same guy. They were not, so I figure one of these probably copied the other one.
I think the book is still a good, quick read and the author has an approachable easy to understand writing style. This book may be helpful for newcomers to mobile app development as it provides a good overview of the different app store and development platforms.
“The safest investment I’ve ever made is in my future,” writes Hughes. “Read at least 30 minutes a day, listen to relevant podcasts while driving and seek out mentors vigorously. You don’t just need to be a master in your field, you need to be a well-rounded genius capable of talking about any subject whether it is financial, political or sports related. Consume knowledge like air and put your pursuit of learning above all else.”
Stop spending and be thrifty. This is a key element of becoming a millionaire. Either you have the money in savings or you’re spending it on things. You can’t have both if you’re aiming to become a millionaire. Most millionaires (a net worth of $1 million to $10 million) are living a very frugal and cost-effective life, without hyper-expenditure. This includes:
If you haven’t heard already STEM jobs (Science, Technology, Engineering, and Math) are going to be on the rise and are already on the rise. Taking “STEM” classes to be able to increase your chances of getting a job in the future, as well as they are fields in which the pay check has almost no limit.
Hi James, I believe in you. You have all the tools you need inside of you and I would suggest either reading about successful people you want to be like or asking one out too lunch or interview them like I do.
The sites listed on this page have been tried and tested and are genuine. If you are already a member of any of these survey sites or any that aren’t listed then please do let us know what you think of them!
Consider saving strategies for the holidays. If you host Thanksgiving every year, consider asking guests to bring a side dish. It’ll make the meal cheaper and mean less work for you. And, of course, look at those Black Friday deals – not just for gifts, but for yourself and your household. If you need appliances or home improvements, this can be a fine time to save money on those.
I am not a webdesigner, but if I were in your shoes I would probably start offering my services on elance.com, and let people know that you are doing web work. So maybe use myspace and facebook, etc to get the word out.
Apply these 10 steps and I guarantee you will become rich, which, we all agree doesn’t ensure you will be happy. I confess that money by itself has never made me happy, I never thought it would. That being said, if I am going to be unhappy I would rather have money than not have money.