To become a millionaire or not to become a millionaire! 10 ‘penny plain’ steps to blow that penny up into a fortune!
Money!! The world runs on money, revolves around money and exists for money. No matter which part of the world you have been brought up in, one common motive which has been instilled in all of us, right from our inception – make money to make it big. To become a millionaire is the forever coveted dream.
1 How do I become a millionaire?
In order to convey our message to you in limited words, we can’t particularly draft out a financial strategy for you to take up. But we can tell you how you’ve got to tune your thinking, your talking and your actions, in order to make a million bucks.
2 Aim High! Dream Big!
If you want to become a millionaire, aiming to possess one million in your bank account is not going to get you anywhere! Let your dreams go wild! (Not too wild, a little practicable too!). If you want to make a million, set the bar to your target much higher, say 10 million. Push your limits! There’s no shortage of money in this world but only a shortage of people who think big enough.
3 Work on something you love and are passionate about
Your mind works much better when you’re working with something you love. You won’t be making any excuses or compromises. Working hard will never seem like a burden when you’re doing something you love. If you do not happen to like what you’re doing to make money and still want to make millions, then learn to like it! Anything done in haste never lasts long. Passion is the most powerful driving source towards success.
4 Success and failure are two sides of the same coin
This is a reference made to the famous poem ‘If’, by Rudyard Kipling. Triumph and disaster, success and failure are the imposter twins, imposters of time. Neither is permanent in your life and you must understand that. In case you succeed, learn how not to be haughty and bask in your success but learn how to capitalize on your good fortune. If you fail, slumping down and giving up is definitely not the answer. Everyone makes mistakes and encounters losses in business. Take this as a lesson and use it to better yourself in the future.
5 Lend a listening ear to potential millionaire mentors
Having the confidence to be able to say that you can handle your matters on your own is definitely an admirable quality if you want to become a millionaire. But confidence has this ability to make you proud and conceited also. If someone experienced and worthy of lending you advice gives you their piece of mind, be sure to listen, understand, analyze, and then take it up. They probably would have a better insight into financial matters as their knowledge would be posteriori, in comparison to your priori knowledge.
6 Similarly, never give way for confidence parasites
Don’t ever believe in discouraging people. Some have a knack for draining out your innate confidence and convincing you that all your efforts will be futile in the long run. If you listen to discouraging people, then you will be letting them accomplish their goal, which is to basically drag you down and ensure that you don’t surpass their success. Never ever succumb to these mere obstacles, blocking you from your success. Instead, try to prove them wrong, by letting your actions speak, not your words.
7 The popular saying, treat money like a jealous lover
Wherever the money goes, you go! You must learn to prioritize and put money right on top above all. This is indispensable if you want to become a millionaire and stay a millionaire. If you ignore its worth, then in turn so will money and in the worst case scenario, it might even leave you for someone who sets it as his/her highest priority. So yes, handle money with utmost care.
8 There are two crucial keys to become a Millionaire
Number One – Investing
Investing is rather simpler than you think. Investing is the first step you take towards making money and you must not be afraid to take that leap. Sit down, analyze, strategize and make sure you invest in something worthy of being invested in. Many people have started exploring the investment opportunities that come from putting money into cryptocurrencies. However, others have noticed that their lack of understanding surrounding these emerging technologies is acting as a barrier to fully embracing things like Bitcoin. Using the easy to understand articles from VanillaCrypto that breakdown the basics, investing in cryptocurrency becomes a very real prospect.
It doesn’t matter even if you don’t have much money in your hands to invest initially. Think long term, so that the amount you invest matures into a greater sum down the years. Also, the stock market has its ups and downs, so wait it out before taking any decision.
9 The other is saving
None of us have crystal orbs such that we can foresee danger. Anything is liable to happen at any point of time and we can do nothing but be prepared for what life has to throw at us. Emergencies can occur. And if you do not have any cash ready to deal with your troubled predicament, then you my friend, will land up in debt.
Allocate one segment of your savings for any ‘force majeure’ and one segment of it for further investments. Save to invest, don’t save to merely save.
Optimize and mitigate your overall expenditure by budgeting. Always make sure that you’re spending much lesser than how much you’re earning to prevent overspending and debt. Budgeting is an integral part of any business, whether you are just starting your company or are looking to control spending in your already established franchise. If you are looking for more information on why budgeting is essential, you may want to visit a consulting blog similar to this Porte Brown blog to learn more.
Also take a look at habits which you will have to let go in order to become rich.
10 Outwork them and outsmart them
To become a millionaire, you’ve definitely got to go the extra mile, and there are no two ways about it. Identify your competition. Let them not be the only ones to learn from their mistakes, but make sure they serve as a lesson to you also. Exercise your common sense. Act according to the times and go with the flow. A marriage of promising hard work and timely, smart decisions is bound to take you to new heights.
11 ON a lighter note, If you’ve got what it takes, enter a reality show
If you’ve got that sleight of hand, Minute to Win is the answer for you! If people tell you, your voice is worthy of being a flavor of a scented Christmas candle, then try your luck on The XFactor! Or as the name itself suggests, if you’ve got the grey matter it takes, contest on Who Wants to be a Millionaire. Because let’s face it, who doesn’t?
Happy money making!