Many people like you in the past have started with nothing
and they have been able to amass a great amount of riches and wealth. You too
can achieve this feat if only you can follow the following 12 Tips to make your first millions;
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1. It's never been
Easier.
It has never been easier, so don’t make it so difficult.
There is so much money in the world today and so many ways to get your own. The
first thing you have to know is that Much Money is out there and it’s not that
hard.
2. Saving won’t do.
The old ideas of saving every penny is not the way today.
You can’t simply save your way to the first million without becoming old, at
which point the money probably won’t matter to you.
3. Live below your
means.
In other to become richer in Life, you have to start living far
below the money you are making. Not because you are depriving yourself, but
because you are seeking to bank millions. Live below your means until you don’t
have to anymore.
4. Push every tax
angle you can.
Learn the tax code and use it to your advantage. Quit
bitching about taxes and learn how it can benefit you. The code was put
together to give preference to earners.
5. Mature from
income to investor.
The way to get rich is to make investments, but you can’t do
that if your income doesn’t allow for you to set aside money to invest. The
only reason to make and save money is so that you can invest it. Only invest
money in projects you know will score and never give up your income.
6. Start acting
like a boss.
Quit acting poor and quit acting like you are a spectator.
Boss up in everything.
When the bill comes for dinner, boss up! When you have to
invest money to get information, buy a list, grow your brand or learn to sell
you need to write the check like a boss, not like a little whiner.
7. Automate a
pay-yourself-first program.
Set up with your employer to pay yourself to a savings
account so that you have money deposited each month before you get a check to
pay your bills and live your life. This is one thing I started doing when I was
26 years old that kept me "broke" without money to lose or waste and
forced me to continue to hustle. This is the step that will make number five
possible.
8. Be in a hurry.
Be the hare, the turtle and the millionaire! The only thing
that comes to those that are patient are the crumbs left behind by those in a
hurry.
9. Do the
millionaire math.
Do the math on what it takes to hit a million. If you make
$50,000 a year and can figure out how to put away 40 percent of it (that is my
saving target) it will take you 50 years times $20,000 per year to get there.
If you don’t do your
math you won’t get there
because you won’t have the
right mindset. Math is a universal language.
10. Do not
diversify.
I know the diversification concept is popular, but it’s
wrong. If you are going to bank a million before you are old and tired you need
to pick something you believe in and know it's going to work and go all in.
11. Seek multiple
flows. (Get Multiple Revenue Generators)
If you don’t
get multiple flows happening you will never create financial freedom. Don’t confuse number 10 with
multiple flows. These are not conflicts -- have parallel flows going. Don’t
make your first flow disconnected; make it similar so that it takes less energy
and less resources.
12. Avoid spending
money or tying up your money in homes.
I know it’s not popular, but these are traps. Show me
someone that became a millionaire from buying homes, other than me. Flipping
homes, by the way, is not buying homes -- that is a real estate play. Wall
Street has convinced you to do these things to trap and immobilize you.
You deserve financial freedom. You should have your
financial targets to be a millionaire up until the point that you become one.
Then your target should be to hit 100 million!
See you at the top!
Awake the giant in you!!
Become the best you can be!!!
Notice:SpeakersBay the social network for
people that has quality things to speak about is launching soon. Kindly email
me for an exclusive invitation to be among the first set of Speakers on
SpeakersBay.
It’s a great day.
Credits to Grant Cardone, International Sales Expert.
Through Entrepreneur.com
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