Mar
24
The One, Essential Trait of Every Self-made Millionaire
Filed Under Personal Finance | Leave a Comment
Ryan
Wouldn’t it be nice if there was a specific formula for making millions of dollars? “If you want to become a millionaire, all you have to do is A, B and C.” You know . . . . “Go get a degree in small-business management, talk to Jim at the bank to set you up with a Subway franchise, and invest in Microsoft today because it will skyrocket tomorrow when they report earnings.” Unfortunately, life is just not that gravy. The good news is there are some defining characteristics, habits and belief systems that self-made millionaires share in common. Take this a step further, and I believe almost all self-made millionaires’ financial success boils down to one thing.
Now, I’m not talking about the 0.5% of “self-made” millionaires that hit the lotto or scored big on buying Microsoft at its lowest-low and selling at its highest-high. I mean the people that sacrifice, slave, and sweat their way to become financially free. I’m referring to the people that spent 20-30 years on a strict budget, giving up everything to build successful businesses – all the while living well below their means, and doing it happily at that.
What makes these people not want to spend the money they worked so hard for on a nice car or an extravagant dinner? Why would they choose to read Money magazine and study business over watching the NFL draft? This lifestyle just sounds boring and exhausting. After all, what’s the point then of being filthy rich?
The answer is Drive. But not only drive – the meaning behind the drive. If you peel back the onion, you will find that what makes millionaires become millionaires is an ultimate, singular factor that keeps them grinding away to accumulate so much wealth. How else can someone willingly sacrifice so much over such a long period of time? Because they have no choice. The reason behind their motivation is so strong that there is no alternative. This is living life as they know it.
To become a self-made millionaire, without the big score or a grand inheritance, you will likely have to do it the hard way like most people in this class. If you are truly focused and determined to become a millionaire, you are far more likely not to succeed if you are unable to identify that element that pushes you through the pain. It is essential to dig down and find that “why” factor.
The reason behind your drive should be so strong that it makes you compulsive about becoming wealthy. Your “why” should establish your habits, attitudes and beliefs of money and wealth. It will invariably define who you are as a person.
Once you figure out the real reason you want to be rich, it is important to remind yourself frequently. The road to financial freedom has many ups and downs, good years and bad years, happy days and bad days. If you remember the why, the how does not matter. At least it doesn’t for those who have achieved their goals.This theory, by the way, holds true in business and life in general. It is what creates Olympic athletes, successful business leaders, great spouses and parents, etc. Those who have a relentless passion to succeed in order to fulfill their “why” are unstoppable. Discover your “why” and you have acquired the one, essential trait for becoming a self-made millionaire.
Wouldn’t it be nice if there was a specific formula for making millions of dollars? “If you want to become a millionaire, all you have to do is A, B and C.” You know . . . . “Go get a degree in small-business management, talk to Jim at the bank to set you up with a Subway franchise, and invest in Microsoft today because it will skyrocket tomorrow when they report earnings.” Unfortunately, life is just not that gravy. The good news is there are some defining characteristics, habits and belief systems that self-made millionaires share in common. Take this a step further, and I believe almost all self-made millionaires’ financial success boils down to one thing.
Now, I’m not talking about the 0.5% of “self-made” millionaires that hit the lotto or scored big on buying Microsoft at its lowest-low and selling at its highest-high. I mean the people that sacrifice, slave, and sweat their way to become financially free. I’m referring to the people that spent 20-30 years on a strict budget, giving up everything to build successful businesses – all the while living well below their means, and doing it happily at that.
What makes these people not want to spend the money they worked so hard for on a nice car or an extravagant dinner? Why would they choose to read Money magazine and study business over watching the NFL draft? This lifestyle just sounds boring and exhausting. After all, what’s the point then of being filthy rich?
The answer is Drive. But not only drive – the meaning behind the drive. If you peel back the onion, you will find that what makes millionaires become millionaires is an ultimate, singular factor that keeps them grinding away to accumulate so much wealth. How else can someone willingly sacrifice so much over such a long period of time? Because they have no choice. The reason behind their motivation is so strong that there is no alternative. This is living life as they know it.
To become a self-made millionaire, without the big score or a grand inheritance, you will likely have to do it the hard way like most people in this class. If you are truly focused and determined to become a millionaire, you are far more likely not to succeed if you are unable to identify that element that pushes you through the pain. It is essential to dig down and find that “why” factor.
The reason behind your drive should be so strong that it makes you compulsive about becoming wealthy. Your “why” should establish your habits, attitudes and beliefs of money and wealth. It will invariably define who you are as a person.
Once you figure out the real reason you want to be rich, it is important to remind yourself frequently. The road to financial freedom has many ups and downs, good years and bad years, happy days and bad days. If you remember the why, the how does not matter. At least it doesn’t for those who have achieved their goals.This theory, by the way, holds true in business and life in general. It is what creates Olympic athletes, successful business leaders, great spouses and parents, etc. Those who have a relentless passion to succeed in order to fulfill their “why” are unstoppable. Discover your “why” and you have acquired the one, essential trait for becoming a self-made millionaire.
Mar
17
Become a Millionaire Before 50
Filed Under Personal Finance | Leave a Comment
Ryan
In order to become a millionaire, all you have to do is have a little bit of self-discipline, a long-term outlook, and a saving attitude. Believe it or not, these characteristics are far more relevant than your actual income. Study upon study show that the general population of self-made millionaires is not actually high-income producers. Instead, they simply have an ability to save part of the money they do make, put their money to work by investing in low risk index funds, and keeping their debt low.
The rules to become a millionaire are not difficult to understand, but most people have a hard time following them because they can not get past the first requirement, which is to develop a spending attitude. In general, people spend their paycheck before they even get it, and by the time they pay taxes, their bills, and their credit cards, it’s all gone. Unfortunately in most cases people not only all gone, they still owe more money that they don’t actually have.
So how do you become a millionaire by 50, and how do you create a saving attitude? It really starts with having a vision. If you have a deep desire to become a millionaire, have thought about what it would be like, how it would feel and what you would do, the rest of the pieces will fall in place. Without a vision and a desire, it will be too difficult to achieve your financial goals because you will see more benefit in spending the money you earned today rather than saving for tomorrow.
Once you have identified exactly why you want to become a millionaire, the next step is to focus on a plan to actually make it happen. This is the easy part. Simply make a commitment to set aside a certain amount of money from each of your paychecks. This will first go to becoming debt-free, and then to accumulate wealth. This is simple to do because you don’t allow yourself to make the decision, you force yourself to save by setting up automated balance transfers with you bank account. That way you completely remove the emotion of having to save money and you’ll quickly learn to leave within your adjusted “take home” pay.
In order to become a millionaire, all you have to do is have a little bit of self-discipline, a long-term outlook, and a saving attitude. Believe it or not, these characteristics are far more relevant than your actual income. Study upon study show that the general population of self-made millionaires is not actually high-income producers. Instead, they simply have an ability to save part of the money they do make, put their money to work by investing in low risk index funds, and keeping their debt low.
The rules to become a millionaire are not difficult to understand, but most people have a hard time following them because they can not get past the first requirement, which is to develop a spending attitude. In general, people spend their paycheck before they even get it, and by the time they pay taxes, their bills, and their credit cards, it’s all gone. Unfortunately in most cases people not only all gone, they still owe more money that they don’t actually have.
So how do you become a millionaire by 50, and how do you create a saving attitude? It really starts with having a vision. If you have a deep desire to become a millionaire, have thought about what it would be like, how it would feel and what you would do, the rest of the pieces will fall in place. Without a vision and a desire, it will be too difficult to achieve your financial goals because you will see more benefit in spending the money you earned today rather than saving for tomorrow.
Once you have identified exactly why you want to become a millionaire, the next step is to focus on a plan to actually make it happen. This is the easy part. Simply make a commitment to set aside a certain amount of money from each of your paychecks. This will first go to becoming debt-free, and then to accumulate wealth. This is simple to do because you don’t allow yourself to make the decision, you force yourself to save by setting up automated balance transfers with you bank account. That way you completely remove the emotion of having to save money and you’ll quickly learn to leave within your adjusted “take home” pay.
Mar
15
What are some good ways to invest for starters (ie stocks, cd, mutual funds, t-bills)?
Filed Under Investing | 6 Comments
jXoannee
Hi, I want to explore and learn about investing my money. What are some good ways to start with a small amount of money (ie $1000 — beginners gotta start somewhere).
Hi, I want to explore and learn about investing my money. What are some good ways to start with a small amount of money (ie $1000 — beginners gotta start somewhere).
I’ve only researched about t-bills. From my understanding, it seems like you earn about 5% by buying a discounted t-bill. Are there any better options?
Websites, info, tips, and explanations are appreciated.
Mar
4
How to successfully date a Millionaire Mate or Millionaire Match?
Filed Under Dating | Leave a Comment
Eileen Parks
Find a single millionaire may not happen everyday but if that’s your ultimate dream, you don’t have to go it alone. There are a variety of resources available that can help people just like you find millionaires or wealthy singles. Search online to find out what dating services are for the wealthy singles in your location. You are likely to find the best reputable millionaire dating services with a simple click. MillionaireCupid, WealthyChats, just name a few. Sugar daddy is not listed here since it’s not for serious dating which leads to marriage.
Take advantage of the singles events that are geared to wealthy singles. This is a great way to meet many potential partners all in one place. In some cities you can find speed dating activities, dances or dinner parties that may help you meet the type of people you seek. For example, the celebrity and millionaires dating service MillionaireCupid.com will hold a dating event for California singles in the later half of this April. And the reputable dating coach Evan will be present too. All their members can take part in this event. If you don’t want to miss this great event, join them at once.
Remember that money is not everything. While a millionaire mate can make your quality of life easier, you also need to like the person and have some common interests for a relationship to grow. You may have recognized that it is a good time for you to invest in a great haircut and some high-quality clothes that you can have on hand for various dating activities now. Ya, you are right. Keep the good work on.
Millionaires and wealthy singles do still have the desire for love. They also want to be romantically in love with the one whom they really love the most. Actually once they fall in love, they will realize that no amount of money can buy the happiness when they are with their mates. Soon they will realize that the money and the properties they posses are vulnerable to calamities, economic depressions, and many more. No matter how rich they are, they will be the same as other singles you meet in the street everyday when they are in front of their lovers. Money is not everything, love is!
Let’s have enough of the details about being a Millionaire and its disappointments in tow. Anyway, I have seen an enjoyable way to have fun on the internet. Haven’t heard of any dating websites cater for the rich and wealthy? Your neighbor may tell you a dozen, the award winning MillionaireMatch, the reputable #1 Millionaire dating website MillionaireCupid, the new comers just like MillionaireMate, WealthyChats, and the dark horse rich men dating website daterichsingles.com, just name a few.
How to Successfully Use a Millionaire Dating Service? First, you need to create a real and attractive Profile. Many people add just a few words to their profile, hoping further contact will let interested people know what kind of person they are. Most of the time, they fail. Because the first impression for other views are not attractive enough. They will simply skip to the next one. Try to add a little bit about who you are in your profile so people will be tempted to learn more! And you can learn some great profile tips if you are on MillionaireCupid. Seems some other millionaire dating services realized this problem, but they didn’t have their “profile tips” yet.
Remember who are you and what your aim is. If you are so excited when you have joined the millionaires dating service successfully that you have forgot who you are, you almost lose. Remember, love is the first and ultimate thing you will offer to your partner. No one is looking for a companion who only wants to be with them for their money. Don’t make it all about the money, even though that’s what you are looking for. Get to know the people you’re chatting with and find out what kind of person they are. Avoid asking questions about their money or finances. Leave these questions to the gold diggers and dating scammers.
Allow yourself to have some fun with the millionaire dating service process. Use your sense of humor and enjoy meeting and talking to new people. Make yourself happy and share your happiness with your millionaire match, you will get a better impression in your mate’s eyes. It should never feel like a chore and if it does. Loosen up and enjoy finding someone that takes your breath away.
As a conclusion, using a millionaire dating service can be a fun and exciting way to find the one who you will eventually spend the rest of your life with. Use the tips above and your brain to make your success!
Find a single millionaire may not happen everyday but if that’s your ultimate dream, you don’t have to go it alone. There are a variety of resources available that can help people just like you find millionaires or wealthy singles. Search online to find out what dating services are for the wealthy singles in your location. You are likely to find the best reputable millionaire dating services with a simple click. MillionaireCupid, WealthyChats, just name a few. Sugar daddy is not listed here since it’s not for serious dating which leads to marriage.
Take advantage of the singles events that are geared to wealthy singles. This is a great way to meet many potential partners all in one place. In some cities you can find speed dating activities, dances or dinner parties that may help you meet the type of people you seek. For example, the celebrity and millionaires dating service MillionaireCupid.com will hold a dating event for California singles in the later half of this April. And the reputable dating coach Evan will be present too. All their members can take part in this event. If you don’t want to miss this great event, join them at once.
Remember that money is not everything. While a millionaire mate can make your quality of life easier, you also need to like the person and have some common interests for a relationship to grow. You may have recognized that it is a good time for you to invest in a great haircut and some high-quality clothes that you can have on hand for various dating activities now. Ya, you are right. Keep the good work on.
Millionaires and wealthy singles do still have the desire for love. They also want to be romantically in love with the one whom they really love the most. Actually once they fall in love, they will realize that no amount of money can buy the happiness when they are with their mates. Soon they will realize that the money and the properties they posses are vulnerable to calamities, economic depressions, and many more. No matter how rich they are, they will be the same as other singles you meet in the street everyday when they are in front of their lovers. Money is not everything, love is!
Let’s have enough of the details about being a Millionaire and its disappointments in tow. Anyway, I have seen an enjoyable way to have fun on the internet. Haven’t heard of any dating websites cater for the rich and wealthy? Your neighbor may tell you a dozen, the award winning MillionaireMatch, the reputable #1 Millionaire dating website MillionaireCupid, the new comers just like MillionaireMate, WealthyChats, and the dark horse rich men dating website daterichsingles.com, just name a few.
How to Successfully Use a Millionaire Dating Service? First, you need to create a real and attractive Profile. Many people add just a few words to their profile, hoping further contact will let interested people know what kind of person they are. Most of the time, they fail. Because the first impression for other views are not attractive enough. They will simply skip to the next one. Try to add a little bit about who you are in your profile so people will be tempted to learn more! And you can learn some great profile tips if you are on MillionaireCupid. Seems some other millionaire dating services realized this problem, but they didn’t have their “profile tips” yet.
Remember who are you and what your aim is. If you are so excited when you have joined the millionaires dating service successfully that you have forgot who you are, you almost lose. Remember, love is the first and ultimate thing you will offer to your partner. No one is looking for a companion who only wants to be with them for their money. Don’t make it all about the money, even though that’s what you are looking for. Get to know the people you’re chatting with and find out what kind of person they are. Avoid asking questions about their money or finances. Leave these questions to the gold diggers and dating scammers.
Allow yourself to have some fun with the millionaire dating service process. Use your sense of humor and enjoy meeting and talking to new people. Make yourself happy and share your happiness with your millionaire match, you will get a better impression in your mate’s eyes. It should never feel like a chore and if it does. Loosen up and enjoy finding someone that takes your breath away.
As a conclusion, using a millionaire dating service can be a fun and exciting way to find the one who you will eventually spend the rest of your life with. Use the tips above and your brain to make your success!
Mar
2
Investing?
Filed Under Investing | 6 Comments
pirateofthe256
What are good things to invest in? Also, how would I invest in those things? I need tips, don’t know NOTHING about stocks, real estate, etc ..
What are good things to invest in? Also, how would I invest in those things? I need tips, don’t know NOTHING about stocks, real estate, etc ..
I will look it up and buy books if I have to. I’m just trying to make more money.
Mar
1
I know what I want, and what I should do to get there, But how to begin?
Filed Under Renting & Real Estate | 9 Comments
sf4fun
I just turned 18 and I plan to move out, and begin working towards a successful and stable future. My plans are to attend college and finish with a degree, and then invest in realestate while im working.
I have helped my father for years now, with his realestate investing, (flipping properties) but I am uncertain about one thing. Since I will be living in SF, obviously I cannot buy anything in the city, possibly the state…. How and where do I go about getting a place to makeover and resell for more, I am at abit of a loss here. Any tips or advice is greatly appreciated!
I just turned 18 and I plan to move out, and begin working towards a successful and stable future. My plans are to attend college and finish with a degree, and then invest in realestate while im working.
I have helped my father for years now, with his realestate investing, (flipping properties) but I am uncertain about one thing. Since I will be living in SF, obviously I cannot buy anything in the city, possibly the state…. How and where do I go about getting a place to makeover and resell for more, I am at abit of a loss here. Any tips or advice is greatly appreciated!