Tips to Become a Millionaire in 2018
Wednesday, January 17, 2018, 6:00 PM | Leave Comment
What do you think when you hear about someone who’s a millionaire? Perhaps an old man lounging and drinking whiskey in his mansion?
Or you think about a lady wearing an expensive dress, confidently walking in her office waiting for a business partner to land a business deal worth $5 000 000.
And if you don’t try, you will never become a millionaire. Envision yourself as a millionaire and imagine all the good things you can do for the world.
Believe you can be the one that can change the world and it could be simpler than you think.
Source: https://pixabay.com/en/coins-currency-investment-insurance-948603/
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DEVELOP A WRITTEN FINANCIAL PLAN
One of the main reasons why some people can’t become millionaires is because they haven’t written a good financial plan.
Developing a plan guides you in making decisions and taking actions in order to achieve all of your goals and dreams. Think about how much money you have and how much your spend.
When creating a financial plan, consider the following:
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Focus on your future by anticipating how much your future self will need to survive.
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Focus on what you control by listing your known expenses.
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Focus on what matters most and don’t obsess over the past.
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FOCUS ON INCREASING YOUR INCOME
If you want to become a millionaire you need to focus on increasing your income in increments and repeating that. Train your mind to see opportunities in everything.
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DON’T BELIEVE DISCOURAGING PEOPLE
As soon as you accept that you are not going to become a millionaire, you settle for the ordinary and you probably won’t!
Your beliefs about your future matter a whole lot, and will – in part – help determine your future.
Don’t forget that your beliefs affects your actions and your actions affects your results.
Some people may try to drag you down – don’t listen to them! Instead, prove them wrong!
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DON’T GET CAUGHT WITHOUT AN EMERGENCY FUND
You always have to have some cash in your savings account, otherwise the chances to go into debt or borrow form your family and friends are greater.
Don’t be the one that drowns in debt or owes his parents. According to some studies, you should have 3-6 months of expenses in your emergency fund. Bad stuff happens, so you have to save some of your income for those days.
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ASSOCIATE WITH MILLIONAIRES
Your net worth mirrors the level of your friends. So, exposure to people who are more successful than you to expand your thinking.
We become like the people we associate with, and people who have money think differently from the middle class.
There is much to be gained by being in the presence of millionaires. Plus, don’t forget that winners are attracted to winners.
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GET OUT THERE AND BECOME A MILLIONAIRE
Many of these techniques are very surprisingly easy to understand. However, don’t pursue millionaire status for the fame, but for your community, your family and a purpose that is greater than yourself.
