How To Become A Multi-Millionaire digitalbloggers.com /business/how-to-become-a-multi-millionaire Mar 05, 2017 Business, Internet and Businesses Online, Self Improvement, Reference and Education 55 views Written by Sergei VanBellinghen Articles written: 114 Joined: 23 September 2016 Niche: Internet and Businesses Online Reference and Education Self Improvement
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Apparently, it often seems that becoming a millionaire is such an impossible feat for many. Most people desire to be rich in their life, yet a huge part of the population has negative beliefs about money. But believe it or not, even becoming a multi-millionaire is a goal that can be achieved.
So how can you get rich and not stay broke? Being rich is frequently such a taboo that numerous people think it is a forbidden and prohibited ideal or a thing entirely unreal and farfetched. However, the advice of the millionaires I know or read about have taught me over these last years is to consider my beliefs around money, wealth, success, and rich people. Look at your bank account and ask yourself this question: “Am I increasing my wealth and building my net worth?” I did this a few years ago, and I realized I was 50 years old and broke. In fact, a lot of people over 50 have a big advantage when it comes to become a millionaire. Nowadays, “ 50 is the new trend”. No offense to the younger hustlers! We all recognize that younger people know more about technology and electronics, but know less about the ups and downs of life. Usually, the older you get, the more you have the life experience, and in creating wealth or financial freedom for yourself, there will be ups and downs. So, older people have a wonderful advantage to get wealthy. Related: Getting Rich After 50
The Beliefs of the Millionaire Mind You really need to stop looking at money with a position of lack and fear, and instead begin to see money for what it is: freedom, possibilities, opportunities and abundance. Multi-Millionaires are not born with this but they talk themselves into it while you are talking yourself out of it. Let’s take a look for a brief instant at your belief system and the beliefs of the millionaires and multi-millionaires, and how they think about money. In truth, they feel they are just playing a game; they see it all as some sort of Monopoly game and have fun in the process. They sell, move things, and lose some but at the same time they create value for the world around them, and they get richer. They think more about money in terms of wealth, possibility, freedom and all other great things, such as abundance, family and good health. They know that their last mistake is their best teacher. Therefore, you should regard failure as an analysis of what you did wrong. Do not worry about your mistakes because they will hold you back from getting out of your comfort zone, taking a chance and being successful. Do not let yourself be your own worst enemy! Look at successful people. They condition themselves with such affirmative and positive beliefs that they are not afraid to take risks or chances. One of the things I realized from the beginning is that all millionaires have this firm and unwavering conviction that no matter what they do or fail, they would find a way. It is a belief they create, that you can create in your mind just as I did. Related: 11 Habits Of Any Digital Self-Made Millionaire
Being Rich is not a Complex Process 2/4
To be rich, you don’t need to be a genius and it’s not such a complex process. You just need to create value and the bigger the value you create for your clients, businesses or individuals, the richer you become. Multi-millionaires as well as other wealthy people pay more for personal services today than they ever had in the past. If you can solve a problem that anyone or any businesses is disposed to pay for, you can make a substantial and infinite quantity of money. Most businesses have a remarkable budget when it comes to spend it if you create value for them. Older people have such experience, knowledge and expertise that they could offer their services to institutions or businesses as an expert consultant. There are simply so much opportunities out in the marketplace. Today’s society is a world of accumulating money but as it may, you might be confused on how to proceed. The millionaires are getting richer, and are paying for personal services like it is going out of style. There are countless kinds of services that you can start to sell to the rich because that’s where the money is. You can always become a millionaire later in life even if you have little now, no matter your age.
10 Tips to Become a Multi-Millionaire 1. Being poor makes no sense and it sucks. Eliminate any ideas of believing that being average is somewhat normal. "If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake ." – Bill Gates 2. Focus on increasing your income. These days, you cannot have a saving account to have a millionaire status. Your first step then is to focus on increasing your income via increments and repeating it over and over. Begin by managing the money you have as it will force you to control it and see chances. 3. Save to invest and not just to save. The major reason to save money is to be able to invest it. Put your saved money into a financial freedom account. Use this account as a golden goose and use the golden eggs to grow and increase your income. Do not touch at the Golden Goose! 4. Work quietly. Do not begin buying a luxury watch or a new car until your business and investments produce multiple safe streams of income (golden eggs). Be known for your work ethic, and not the jewelries you buy. 5. Avoid any debt that is not leverage. Avoid any debt that will not make you money. Millionaires use debt to leverage investments and propagate cash flows. Average people use debt to buy things and make rich people multi-millionaires. 6. Money never sleeps. Money doesn’t know times, agendas or holidays, and you shouldn’t either. Money cares about people that have a great work ethic. Work longer than most and make sure you outwork everyone. Never try to be just a lucky person. 7. Take care of money as a jealous mistress. Billions of people hope to have financial freedom, but only those that make it a priority become millionaires. To be rich and remain rich you have to take care of it. Money is such a jealous mistress that if you ignore it, it will ignore you, or even will leave you. 8. Find a millionaire mentor. Most people are brought up poor or middle class, and then believe the habits, limits and ideas of that crowd. Study millionaires to duplicate what they do and did. Find a personal millionaire mentor, learn from them and read books about them. The majority of rich people are usually generous with their knowledge and their resources. 9. Make your money work for you. Investing is the “Golden Goose” in becoming a millionaire. You should make more money off your investments than off your work. Invest in things that continue to provide you with passive income. Investing is the only way to become a multi-millionaire, start small, increase the budget and make your money work for you instead of against you.
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10. Do not be afraid to dream big. Shoot for 10 million, not just 1 million. Plan your life 10 years down the road. Do not make the financial mistake of not thinking big enough. There is no lack of money on this planet, only a lack of people dreaming big enough. Related: Everybody dies, but not everybody lives These 10 tips will help you become a millionaire, even a multi-millionaire. Most of these rich people are normal Joes like you, me and everybody else. They were average people who changed their way of thinking and decided to work. Most of them are giving back to the world by helping others, so as you reach success, you should too. Thank you for reading.
Sergei VanBellinghen, Founder & CEO of First-Class Lifestyle and sergeivanbellinghen.com, Success & Self-Improvement Coach, Freedom entrepreneur & business partner of Stuart Ross, also counselor in East Europe-West relationships, a passionate Globetrotter and an avid audio booker
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