Luke


I’m only 25, but still at my age, I”ve just gone through lots of schooling, and spent all my money on things like housing, car, vacation, etc, all those frivolous things, and I never really saved, I’m n ot a millionaire, and I don’t have a 401K or any type of plan yet. I have lots of family friends, and I live with my partner, who has some of those things, but I’m starting to feel like maybe I should already have some sort of a plan.

Personally, I just don’t think that far in advance, because I could be dead by then, but just HOW important is saving for retirement.

Worst case scenario, if you have no plan, money, friends or family by then, will you end up being a homeless senior citizen, where do you technically end up?

I’m not familiar with the programs this country has, if any.

I’d like to start planning something, however it makes life SO monotone, everything is a plan. work, schooling, shopping, retirement,

it takes the FUN out of living. Blah.

Ryan


Becoming a millionaire is not easy, but fundamentally it is not very hard either. Learn to develop these habits of millionaires and you will become rich automatically.

There are actually no secrets on how to become a millionaire, but that’s because self-made millionaires were born with a preconditioned mindset that allowed them to become rich. Along the way, they simply have developed particular wealth creation habits that have allowed them to create income streams and accumulate wealth faster than the average person. Nothing they do is by any means rocket science, they are just determined, have a vision and have the patience to realize that wealth is created and built over time. They have simply programmed themselves to become millionaires. Here’s how:

Millionaires Don’t Carry Bad Debt: Self-made millionaires realize that in order to become a millionaire, you cannot accumulate money fast enough if you have outstanding debt. Most investments will not come close to beating a 22% interest rate on a credit card. Therefore revolving debt must be paid down before it is possible to get ahead.

Millionaires See Long Term: When you look at how powerful compound interest really is, and understand the time value of money, you realize the importance of being a long-term investor. The longer you are in the market, the more often your money will double, and the greater the chance to become a millionaire.

Millionaires are Risk Takers: Self-made millionaires have the tolerance to take some managed risk. When they see opportunities that have an upside potential that far outweighs the potential loss, they jump on those opportunities. However, they learned to become a millionaire by limiting their risk in order to reduce the chance potential losses and accelerate their wealth creation.

Millionaires Realize the Importance of Income: Obviously the more money you can make, the wealthier you can get. But in order to become a millionaire, you really need to embrace this concept by finding ways to create income streams. They spend their time setting up systems or purchasing investments that will produce income without much involvement, which allows them to spend their time creating additional income streams.

Calvin Woon


I hope you’ve read my other article, the ‘Seven-Step Formula to Financial Abundance’. If not, I highly encourage that you read it as in this article I’m going to elaborate further into adopting the million- dollar mindset, which is the first in the Seven- Step Formula to Financial Abundance.

This is widely regarded as the most important step too. This is because in order to be achieve financial abundance, your mind has to be first conditioned for it. Always remember that millionaires think and see the world very differently. Unless you condition your brain to think the same way, you will fail to identify and spot the opportunities and lessons hidden amongst obstacles and failures. Only with the million-dollar mindset will you develop the drive, focus and determination to take the necessary action to propel yourself towards financial abundace.

You may ask this question ‘Is the Million Dollar Mindset really so powerful?’ The answer is ‘Definitely!’ If you have the million- dollar mindset, you will not let failure destroy you. And mot importantly, when faced with obstacles, you do not admit defeat but rather you will overcome them and emerge stronger.

One very good example would be famous real estate mogul and host of popular TV show ‘The Apprentice’ – Donald Trump. The Donald Trump you see today is a billionaire and has achieved immense success. However, many people may be unaware that he actually lost his entire fortune when property prices crashed in the early 1990s. Most people facing such a huge setback would inevitably concede defeat. But certainly not Donald Trump, who managed to overturn a $900 million personal debt and nearly $3.5 billion in business debt into a $3.7 million fortune. The reason is because his mentality is different from the average Joe and he refuses to let setbacks dominate him.

So what is the million- dollar mindset? Basically, it is the way we perceive the world. It is the way we frame, filter and make sense of the events and experiences in our life. Thus, the million- dollar mindset is made up of your habits, beliefs, values and attitudes. So with that, lets move on to explore the ‘Nine Habits of Self- Made Millionaires’ which will enable to think like a millionaire too.

Millionaire Habit 1: Be a Value Creator by Always Exceeding Expectations

There are basically three categories of people in life. The first is what I deem as the ‘Value Reducers’. People who fall under this category have a habit of doing less than expected. Therefore, they reduce the value in whichever organization they belong to. As such, they are considered as liabilities and expenses to a company.

Then you have the second category of people who have the habit of doing exactly as expected. These people sustain the value in whichever organization they belong to as they merely do what is expected of them. As such, they are considered as dispensable assets and low return investments to a company.

Lastly, there is this minority but yet most powerful category of people known as the ‘Value Creators’. These are the people who do a lot more than expected. Through their own initiative, they will always exceed others’ expectations of them. Hence, they create tremendous amount of value for their companies. And because of that, they are considered indispensable assets and high return investments to their company. These are the people who do not have to worry about getting retrenched because their bosses will eventually notice their efforts and pay them more and more in order to retain them. Even if their current bosses do not recognize their value, they do not need to worry as other companies will definitely hunt them down for the value they create.

Thus, tell yourself that you must always strive to be a value creator from this moment onwards!

Millionaire Habit 2: Be Proactive and Make Things Happen

The second millionaire habit u need to adopt is to be proactive and make things happen. People who are proactive do not wait for things to happen, but rather, they take the initiative to make things happen. When there are no opportunities around, they do not sit and wait for opportunities to come knocking on them. Rather, they go out and seek opportunities for themselves. Likewise, when faced with setbacks or problems, proactive people will go all out to find solutions to their problems and overcome their setbacks. Therefore, they have the choice to change and control their life.

On the other hand, reactive people wait for things to happen. If there are no opportunities around, they just sit back and wait for opportunities to come. But they fail to realize that opportunities do not just come by so easily. Reactive people when faced with setbacks or problems will simply concede defeat and choose to complain instead of trying to improve the situation. As such, they are often not in control of their lives but rather, they choose to let other people control their lives.

Hence, only when you are proactive will you be in full control of your success and wealth. So start making things happen straight away!

Millionaire Habit 3: Do What You Love

The next habit you need to adopt is to do what you absolutely love most. This may sound stupid as you may ask why will anyone do what they ****. However, take a good look around and you would see many people working in industries they do not have a passion for. Why do most people complain about going to work each day? Its simply because they do not have a passion for their work, and thus they simply dread it. When things do not go their way, they will simply complain.

However, most successful individuals have one thing in common. They love what they do. And it is because of this intense passion for they what they are doing that drives them to succeed. To these people, their work is equivalent to play. Thus, they are enjoying every single moment of their work and their motivation is natural.

Only when you eat, breathe and sleep your field of work, will you be the best in the industry you are in. And in today’s competitive world, when you are far from the best in your industry, you are going to find it extremely hard to survive. Hence, start identifying what you are strongly passionate about. Thereafter, think of who can learn from in that industry and strive to be the best. When you are able to do what you love, you will never have to ‘work’ another day of your life!

Millionaire Habit 4: Believe in Delayed Gratification

This is one habit which many people are guilty of not being able to keep up with, including myself. Yet, it is one habit which will determine if you are going to be financially free or not. You see, there are effectively two ways you can use your money. One is to spend it, the other is to save or invest it. Most people opt for the former, because you get instant gratification from it. When you spend your money on the new watch or designer clothes, you get instant happiness. Thus, instant gratification is the habit of wanting to enjoy now and not having the patience to wait for future benefits. People who constantly desire instant gratification rarely have the discipline to save and let their money compound and grow. Not surprisingly, they will never be wealthy.

On the other hand, people who opt to save or invest their money believe in delayed gratification. These are the people who will not spend their money impulsively on things which will not bring them future benefits. Rather, they will spend their money wisely, choosing to invest in seminars, books. They will also invest their money in stocks and bonds, and allow their money to compound and grow. Initially they may not see huge returns, but they have the patience to wait for their money compound slowly but surely.

Therefore, start analyzing your spending habits today and ensure you believe in delayed gratification.

Millionaire Habit 5: Never Get Complacent and Constantly Improve Oneself

What major reason why people fail is because they get complacent. Problems often occur when you get complacent. When you are complacent about your business, you tend to relax and that’s when your competitors will overtake you. When you are complacent about your health, you tend to neglect it and that’s when illnesses will attack you. Therefore, no matter how successful or wealthy you might think you are, always ask yourself how can be the best.

Hence, always strive for excellence in whatever you do and continuously seek ways for improvement in all areas of your life.

Millionaire Habit 6: Be 100% Committed and Make it a MUST to Succeed

So what does it take to be 100% committed? People always think that they are committed to achieving success or wealth. However, there’s a clear distinction between wanting to succeed, and being 100% committed to succeed. When you are 100% committed to succeed, you make it an absolute MUST to succeed. You will do whatever it takes to succeed. If it means having to only sleep 4 hours a day, you will do it. Do not worry though, as I’m not encouraging you to sleep only 4 hours. But you must be able to see the clear distinction. Making something a MUST means making it your number one priority and stretching yourself way beyond your comfort zone to achieve it.

When you are not 100% committed to achieving something, you will never achieve it. This is because the path to success and wealth is never easy. Thus, people often give up when the going gets tough. It all boils down to the fact that they have not make it a MUST. When you are 100% committed to be a millionaire, you will do whatever it takes to overcome the challenges you might face. However, if you only ‘wish’ or ‘want’ to become a millionaire, your mind will eventually be filled by other ‘wants’ that will eventually take away all you attention and time.

Start asking yourself this question now, ‘Is success and wealth a must for you? Or is it only a want?’ If your answer is a ‘MUST’, then you should change the way you are spending your time now and be 100% committed to achieving it.

Millionaire Habit 7: Instill a Sense of Integrity

This is indeed one very important value you need to adopt, as people will only trust those with integrity. Once you lose your integrity, you also lose the trust that people have in you, and you will lose your friends and business partners. Having integrity involves doing what you say you will do. You must be someone who is reliable and responsible and only then will people want to associate with you.

So, start instilling a sense of integrity in you right now and wealth will come to you!

Millionaire Habit 8: Have Self- Discipline

In order to succeed, you must have the discipline to go through all that is necessary for you to succeed. Even if the journey is tedious and boring, you must have the discipline to persist. You must have a set of rules for yourself and you must stick by it no matter what it takes. Only with discipline can you overcome all challenges and create wealth.

So, start instilling a sense of self- discipline in you and never compromise on your rules.

Millionaire Habit 9: Perceive Failure as Feedback and Turn it Into Success

The final millionaire habit is the ability to perceive failure as feedback and turn it into success. What many people do not know is in actual fact, many millionaires today have experienced major failures in their life. The truth is that everybody fails at one point or another. However, while most people will allow failure to kill their faith, successful people are able to perceive it as feedback and turn failure into success.

There are three ways people respond to failure. The first group of people will get extremely disappointed and they just give up completely. The second group are slightly more determined as they will not give up instantly. Rather, they will keep trying but using the same strategies over and over again. As a result, they will continue to fail many times until they become disillusioned and also give up eventually.

However, successful millionaires perceive failure differently. Every time they encounter setbacks, they do not see it as failure. Rather, they perceive it as feedback that they are not using the right strategy. Hence, they will accept this feedback and change their strategy until they achieve what they desire.

Remember this quote: ‘Success is the result of good judgment. Good judgment is the result of experience. Experience is the result of bad judgment’ Anthony Robbins.

Hence, accept the fact that we will bound to experience failures. However, do not perceive it as failure but rather see it as feedback and let it help you achieve success!

So, there you have it! The Nine Habits of Self Made Millionaires. Master them, and I guarantee that you will experience a positive change in your life. To study the other steps in greater depth, you need a practical, powerful and comprehensive wealth creation programme. To learn more about how you can create, manage, multiply and enjoy your money, visit Best Secrets of Millionaires

Prophet Muhammed


I know a millionaire. He was a mechanic. He saved a lot of money and started his own business. Then he expanded and invested in other peoples business. When I asked him how he does it, he answers. “I just do it, don’t talk about it, I don’t keep on planning and speculating over it. I just do it.”

This got me thinking. Is it really hard becoming a millionaire. Is it a great achievement? Or is it just like he says, taking the plan in to action. To actually DO something?

precious


10 TOP STEPS TO BECOMING A MILLIONAIRE

 

There are perhaps no more important decisions than to take charge of your own financial future. We live in a world of opportunity and yet most of us are buried in poverty and depth. We are surrounded by people who are getting rich, but most of us are running in place. If you can read this you are literate, have a computer, you are part of the “wired generation” you can become financially independent as you wish to be. Here are top ten keys to your financial success:

1.       DECIDE TO BE FINANCIALLY SUCCESSFUL; this is different from wishing, hoping or even desiring to be rich. Make a commitment that this is going to happen, financial independence is not an accident or matter of luck, and it usually require inconveniences. Have you decided to achieve this goal?

 

2.       UNDERSTAND HOW MONEY WORKS; most of never studied finance or investment in school. Most of us were never thought even to balance a checkbook! To master anything, you have to understand it, read, study what successful people do. take classes or attend seminars.

 

3.       MASTER YOUR RELATIONSHIP WITH MONEY; some of us spend for excitement, to show off, to prove we can. Some of us are addicted to spending, and some of us are just careless about it. Whatever your relationship with money understand it and develop a relationship of respect, appreciation and gratitude. Use it wisely.

 

4.       SET SPECIFIC GOALS; they should be challenging not unbelievable, just out of reach but not out of sight. Challenge yourself to be out of depth by a specific date. Make a commitment to saving an exact amount each month.

 

5.       DEVELOP A BUDGET; a budget is set of dreams and aspirations. Is how you really, really want to use money to benefit your family and run your life. A budget is a map of your destination. Have one and use it!

 

6.       REDUCE SPENDING; yes, this comes after making a budget, because when you begin getting control of your money, you have powerful new reasons to reduce expenses. Most self millionaire live far below their means! You should too.

 

7.       BEGIN INVESTING; most of spend or speculate. Both are roads to disaster! Invest in things you understand. To invest is not to ”make a killing” but to get rich over time, know and obey the distinction between gambling, and putting your money to work for you.

 

8.       INCREASE ASSETS; most people try to increase their income, and that is a mistake. Making more money means paying more taxes. It time and hard work. And, when wealth arrives in the form of cash, it’s easier to spend . millionaires buy stocks and buildings, they invest in assets that will make them rich.

 

9.       REDUCE TAXES; they poor and middle class don’t realize how much they pay on taxes because it is deducted from their pay check. The wealthy know that there are legal and appropriate way s to shelter income, to invest in socially-responsible ways, and that the tax code encourages this. Learn the tax law and use them for your benefit! { yes it is the most boring reading you will ever do, and worth it!}.

 

10.   USE YOUR WEALTH WISELY; someone once said, the reason why most of us aren’t rich is that we we’d spend it all on ourselves. Give, share and help others. When you use money to make a difference, to have a positive impact, you get the chance to do more. Being greedy and selfish will not draw money to you. Investing on others will!

 

To know more on how you can be financially independent and be free from poverty, to be exposed to business and job opportunity visit www.businessjop.com, under business and job opportunities  and be handed over all you need to be a millionaire.

 

 

scotto destructo


I hear alot of people say 90% of mutual funds under perform the market. But I know some who have out performed it for long periods and besides who says you have to hold the same funds the rest of your life.

Soulja Girl


My teacher said that my intellectual capacity is 13 going on 30. I always sort of feel like Bill Gates when it comes to money. But, as a teen- I have no idea how to become a successful millionaire. I wonder, is there such thing as stocks… For teenagers? I mean, I really want to invest my money in long term things, and my future goals are: to be an actress, a model, run for president, and retire leisurely in Bel Aire. Please help, and don’t criticize me.

happydawg


I heard this on the Oprah show about 3 years ago. A lady was on their and said that small amount of money would make a kid rich and she went on to say $1 dollar a day for a childs life would make the kid a rich adult. . My niece is about to have a baby, and I would like to invest some money for it, not a lot, just about a dollar a day. Where did Oprah’s guest get that idea? Do you have to be smart about investing because God knows, I am no Allen Greenspan.

Corey Whitlaw


The mind of a millionaire may seem tricky, but it’s not as complex as you might think. When you look at it in depth, most millionaires have a few things in common. If you are going to learn how to become a millionaire, you’ll be best served to learn how to think like a millionaire.

One way to start is with reading the right books. Two good examples are How to Think Like a Millionaire and The Millionaire Next Door. Once one digests the information inside, the millionaire mindset becomes apparent. In particular, there are five things that stood out for me:

1. Passionate to succeed in life’s goals – If you want to be successful in anything, passion is a requirement. If you don’t have that passion, achieving your goals is going to be like climbing Mt. Everest.

2. SMART Goals – This is a famous project management skill. SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. If you make sure your goals have those qualities, you should know where you stand.

3. Belief in Self – While you may think this is common sense, you’d be surprised how many people miss this crucial detail. You simply have to believe in yourself or no one else will believe you have what it takes to become a millionaire.

4. Learn from Mistakes – Everyone makes mistakes – you are going to make them too. The difference is that millionaires learn from them and use it to their advantage. If you are like many people, you may be tempted hang your head in shame. That’s a recipe for failure. Worse yet, you may stop trying to execute on the plan for fear of making more mistakes. Remember, even Bill Gates misjudged how important the Internet would be.

5. Ability to Save Money – It’s hard to have a million dollars in the bank when you are spending it at every point. There’s some truth to that. However, a lot of people who have a million dollars did it by saving and investing in small increments over time. In order to have this money to invest, you should try to spend less than you earn. Of course you could just be lucky or extremely talented, but since you can’t count on luck or being that talented, you can control your own millionaire destiny by being frugal.

Are you on your way to becoming a millionaire? Do you have the millionaire mindset?

atique


a graduate in commerce with in depth accounting knowledge and own business experience with FMCG company distribution for over 17 years. had to close the business because of financial problems. looking for opportunities to work from home in accounting field or any business opportunity with FMCG products with minimum or no investments.