RULES to Become A Millionaire by 30

Want To Become A Millionaire by 30? Do these things

HELLO😃😃,

Becoming a millionaire by 30 in today’s marketplace, is completely different than last 20 years ago.  All you need to do is follow these easy steps.

Choose to take control of your financial life. Know that your financial future is up to you and no one else. Get smart with your money. Get prepared. Take action. And go make things happen.

RULES :

1)  Focus on earning

The first step to becoming a millionaire is having the capital to fund your investments that will compound your money. To get this money, legally, find a career where you will get commissions and bonus along with salary.

You should work to always make yourself marketable as a way of not only maintaining your current job, but moving up the ladder to a better position or company.

If you are in the technology sector, consider to stay on top of tech news and improvements. Even if you are outside of the tech industry, learning a few technical skills can improve your income.

Always focus on increasing your income, even if you are currently comfortable.

If you want to become business man / woman. Find out best product or service you can deliver to ideal customers and earn money. Invest it. Again and again until you reach your destiny. For that focus on right target.

2) Develop multiple streams of income

“65% of self-made millionaires have a 3 streams of income”

Working at a 9 to 5 job can help you generate income to invest but if you’re on the path to become a millionaire by 30, you may need to add other income streams to the mix.

Entrepreneurs create most of the country’s wealth. Most millionaires (8 out of 10) earned or increased their assets on their own, a survey by Fidelity Investments found. Every entrepreneurs try start multiple stream as soon as possible to ready for future.

Some of these methods require more of an initial investment of time and money than others, but they can all lead to regular income to supplement your pay check

Just because you are employed does not mean that you cannot have something else that you do in your spare time. We are living in the Information Age where it’s easier to start a business today than it has ever been before. And if that business involves something that you love to do passionate about it, its pure win-win, isn’t it?

The trick is to come up with a successful ‘side hustle’ or micro business that provides an alternative source of income.

Yes, two things: Create multiple sources of income and invest.

List of Numerous jobs that you can do on the side.

·         Online tutor

·         Language coach

·         Blogger, Writer

·         Social media consultant

·         Caterer, baker

·         Researcher

·         App designer, web designer

·         Graphic designer

·         Photographer

·         Videographer

·         Editor or proof reader

·         Singer, band musician

·         Personal shopper, stylist

·         Travel planner

·         Fitness trainer

·         Diet and nutrition consultant

·         Pet groomer

·         Artist, craftsman

Creating additional income streams will accelerate your savings and investment plan.

Often, such ‘side’ activities can be the stepping stone to an entrepreneurial career.

3) Save To Invest, Don’t Save To Save:

We spend a good part of our lives trying to earn a living so that we can ensure material comfort and mental gratification for ourselves and our families. Ironically, we are so intent on making and saving money that we forget how to invest it optimally. Millionaire people spend first few percent money in stock, real estate, bonds, company (they invest in asset) then spend liability.

You can save up all your money and become a millionaire but you are more likely to become a millionaire before 30 by investing a substantial portion of income.

You can invest in stocks, you can invest in real estate or you can invest your money back in business. Investing would make you richer a lot quicker and you would become millionaire before 30

4) Don’t Show Off, Show Up

Unsuccessful people started making money and spending it on trips to Vegas and hot girls and nice watches. Successful or millionaire people was making money. In the first five or six years, they grew that business to Million from Zero, and few years later, they build multimillionaires empire. Until they reach their financial freedom goal they don’t shoe off. After that spend money wisely and invest for grow

 You have no reason to start acting like something special until you actually have something special to show for it. Unless your brand is glamorous, live simply, and even then be practical and calculated.

Once you’ve reached your brand and business goals, then you can start living it up (without putting yourself into debt, because that’s insane).

5) Learn How To Sell Something

This is one of the big ones here. It doesn’t even have to be your own products (you don’t have to create your own products) but the vast majority of the people who become millionaires are people that sell something

By starting their own business

You certainly have to learn how to sell something if you want to become a millionaire by the age 30 or within the next decade.

6) Invest In Yourself

You don’t need a formal education to start your own business and make millions.

If you really want to achieve financial freedom then you have to invest in yourself. What I mean is

·                   ⚫️ Read more books.

·                   ⚫️ Invest in educational seminars, workshops and conferences.

·                   ⚫️ Listen to Audio books, Podcasts, CD’s.

·                   ⚫️ Read financial newspapers and magazines.
                There are hundreds of books about money and investing for those of you who are just getting started.

If you don’t know where to start with your own financial education, start by reading a personal finance book. This is how I started teaching myself about money. Never stop Learning.

All the books in the world can help us to solve all the problems in the world. So, for instance, if you wanted to learn about money, you better be reading personal finance books or if you want to learn how to manage your relationships, or to become a better communicator, there are a lot of books on that

Remember, Leaders are Readers. If you want to succeed, you have to read.

7) Avoid debt that doesn’t pay you

This is a shift in mindset in how you think about money and whether you buy luxury toys or utilise money to make money. Make it a rule to never use debt that won’t make you money.

The wealthy use debt to leverage investments and grow their income streams. Poor people use debt to buy things that make rich people richer.

Get your money to do the heavy lifting for you. Investing is the ultimate road to becoming a millionaire and beyond.

Investing is the only reason to follow any of the other steps and make your money work for you rather than you working for your money.

Taking on debt is the easiest way of raising capital. What you choose to do with the capital has the power to make the debt good or bad.

GOOD DEBT:

An investment that will grow in value and/or produce long-term results.

Good debt makes you richer.

BAD DEBT:

A liability that takes you farther away from your financial goals.

Bad debt makes you poorer.

8) Start hanging out with people you admire

Here, apply 10X rule. Find somebody 10 times further ahead of you. If you want to learn how to grow a $1 million company, you have to find someone who has a $10 million company.

Surround yourself with these people and learn from them. Don’t be afraid to go to the top. Those people are 10 or 20 years ahead of you. They’ll make you feel a little bit uncomfortable, but that’s what you want.

Remember, you don’t want to make the mistake that most people make with mentors, by finding somebody just a little bit better than them. You don’t want to be the blind leading the blind.

In-person mentors are great. So start hanging out with people you admire.

Surround yourself with people who are constantly learning, investing, growing, and that will push you to do the same thing.

9) Shoot for $10 million, not $1 million.

There is no shortage of money on this planet, only a shortage of people thinking big enough. – Grant Cardone

Grant Cardone went from broke in college at 21, to an internationally recognized millionaire entrepreneur by 30. He’s helped build up several businesses and consulted for sales training in multiple Fortune 500 companies. What’s more, he’s also authored five books in five years, one of which went on to become an NY Times bestseller.

Grant says that the biggest financial mistake he ever made was “not thinking big enough”. He recommends that instead of shooting for $1 million, you shoot for $10 million. Aim high and put in enough work, and there’s a very real chance that you could be worth 7 figures before 30.

In his article Grant also advises that you “be known for your work ethic, not the trinkets you buy”. Frugality can be crucial — even when Grant reached that coveted millionaire status, his vehicle of choice was still a Camry. Luxury items typically shouldn’t be on the table until your income is both large and secure.

Apply these 9 steps and they will make you rich.

Conclusion

Are you doing these 9 things?

How aggressively are you doing them?

Do you want to become a multi-millionaire?

Are you ready to think and act bigger?

You’ve got this.

Comment if you start Journey toward Millionaire.

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