You have probably seen My Millionaire Mentor’s sales video already. You know, the one that starts off with the lady showing you how much money she made… by typing that number into her calculator app in her iPhone!
I took the time to read the whole post too. You are so good to make sure and sum things up with the ten items at the end, thank you! I particularly enjoyed how you hit on the fact that we don’t learn wealth management or wealth building in schools. I remember struggling when I did my taxes by myself out of college (thanks dad for always doing them up to that point) but I wondered… and why did I just go through Calculus?
Investing in trainer will help you get your head in the game and play bigger. If you have nothing to lose than you will not work as hard. Unfortunately it is true people are motivated towards pain than pleasure.
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.
MOBE’s products cost THOUSANDS. I don’t know about you, but there’s no way I would drop $30,000 on a useless product on the chance that I might be able to resell it how to become a millionaire reddit someone with a 5-figure price tag.
Discrimination and pigeon-holing people is a nasty business. The cost of missed opportunity by being a total idiot and ignoring people based on surface level nonsense is a game you don’t want to play.
“Three streams of income seems to be the magic number for the self-made millionaires in my Rich Habits study, but the more income streams you can create in life, the more secure will your financial house be,” he writes.
Has anybody contacted the owner of this blog? There are a lot of people on this website now, and more “lurking” I’m sure. Apparently, the owner knows how to get “ranked”, I found this at the top of google. I am not affiliated with them, nor am I them. I’m just making an observation.
Accept setbacks. No one gets absolutely everything right all the time, so it stands to reason that on your climb to billionaire status you will make a mistake or two with investments, stocks, or other monetary areas. As long you learn from your mistakes you should be able to brush off the loss without too much trouble.
The Penny Hoarder – The Penny Hoarder pays up to $800 (rarely), depending upon the number of page views you receive. The pay starts at $100 for 50,000 page views, so this isn’t a guaranteed paid article, but it can potentially be highly rewarding.
Do people in your life ask for loans? Do they ask for a bailout when times are tough? Do they want to lean on your good credit because they ruined their own? Do they take advantage of you on an ongoing basis?
Employer-provided retirement plans offer the best route to success. Contributions to a 401(k) are pretax, which lowers your taxable income. Money inside the account grows unfettered by taxes, which boosts your annual return.
The best time to plant a tree was 20 years ago. The best time to start investing was also in the past. If you haven’t started yet, don’t sit and wallow in regret. Tomorrow doesn’t exist for people who don’t do something today.
Action item: Email or look on Clarity.fm for one successful person you have been wanting to get a hold of and offer to pay for his/her time… assuming the other strategies above haven’t worked for you.
Saving and Investing in Real Estate is a great way to build wealth, Buy wholesale and sell retial is also another good option, all you need to do is identify something which can turn a profit, no matter how small and keep compounding it until substancial wealth is attained. It may take a while so one has to be diligent and patient.