how to become a young millionaire

  1. Follow the money. In
    today’s economic environment
    you cannot save your way to
    millionaire status. The first
    step is to focus on increasing
    your income in increments
    and repeating that. My
    income was $3,000 a month
    and nine years later it was
    $20,000 a month. Start
    following the money and it
    will force you to control
    revenue and see
  2. Don’t show off – show
    up! I didn’t buy my first
    luxury watch or car until my
    businesses and investments
    were producing multiple
    secure flows of income. I was
    still driving a Toyota Camry
    when I had become a
    millionaire. Be known for your
    work ethic, not the trinkets
    that you buy.
  3. Save to invest, don’t save
    to save. The only reason to
    save money is to invest it. Put
    your saved money into
    secured, sacred (untouchable)
    accounts. Never use these
    accounts for anything, not
    even an emergency. This will
    force you to continue to
    follow step one (increase
    income). To this day, at least
    twice a year, I am broke
    because I always invest my
    surpluses into ventures I
    cannot access.
  4. Avoid debt that doesn’t
    pay you. Make it a rule that
    you never use debt that won’t
    make you money. I borrowed
    money for a car only because
    I knew it could increase my
    income. Rich people use debt
    to leverage investments and
    grow cash flows. Poor people
    use debt to buy things that
    make rich people richer.
  5. Treat money like a
    jealous lover. Millions wish
    for financial freedom, but only
    those that make it a priority
    have millions. To get rich and
    stay rich you will have to make
    it a priority. Money is like a
    jealous lover. Ignore it and it
    will ignore you, or worse, it
    will leave you for someone
    who makes it a priority.
    Related: LISTEN: How to
    Make a Million Dollars
  6. Money doesn’t sleep.
    Money doesn’t know about
    clocks, schedules or holidays,
    and you shouldn’t either.
    Money loves people that have
    a great work ethic. When I was
    26 years old, I was in retail
    and the store I worked at
    closed at 7 p.m. Most times
    you could find me there at 11
    p.m. making an extra sale.
    Never try to be the smartest
    or luckiest person – just make
    sure you outwork everyone.
  7. Poor makes no sense. I
    have been poor, and it sucks.
    I have had just enough and
    that sucks almost as bad.
    Eliminate any and all ideas
    that being poor is somehow
    OK. Bill Gates has said, “If
    you’re born poor, it’s not your
    mistake. But if you die poor, it
    is your mistake.”
  8. Get a millionaire mentor.
    Most of us were brought up
    middle class or poor and then
    hold ourselves to the limits
    and ideas of that group. I
    have been studying
    millionaires to duplicate what
    they did. Get your own
    personal millionaire mentor
    and study them. Most rich
    people are extremely
    generous with their
    knowledge and their
  9. Get your money to do the
    heavy lifting. Investing is the
    Holy Grail in becoming a
    millionaire and you should
    make more money off your
    investments than your work. If
    you don’t have surplus money
    you won’t make investments.
    The second company I started
    required a $50,000
    investment. That company has
    paid me back that $50,000
    every month for the last 10
    years. My third investment
    was in real estate, where I
    started with $350,000, a large
    part of my net worth at the
    time. I still own that property
    today and it continues to
    provide me with income.
    Investing is the only reason to
    do the other steps, and your
    money must work for you and
    do your heavy lifting.
  10. Shoot for $10 million,
    not $1 million. The single
    biggest financial mistake I’ve
    made was not thinking big
    enough. I encourage you to
    go for more than a million.
    There is no shortage of money
    on this planet, only a
    shortage of people thinking
    big enough.
    Apply these 10 steps and they
    will make you rich. Steer clear
    of people that suggest your
    financial dreams are born of
    greed. Avoid get-rich-quick
    schemes, be ethical, never
    give up, and once you make it,
    be willing to help others get
    there too.

thanks for the insight bro