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7 Tips To Becoming A Millionaire

Money is the harvest of your production. Everything that you have is in direct proportion to your actions.

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Becoming a millionaire is easier than it’s ever been.

Many people have been writing me with the notion that it’s an impossible task. They say, “It’s pure luck. You have to be born into a rich family. You’ll have to win the Lotto. Your parents have to help you out a lot.”

A single mother with five children wrote the following, “Daniel, I read your article and I believe in what you’re saying. However, I’m 50 years old and work long hours at two dead-end jobs. It’s Christmas time and I barely have enough money to buy gifts for my children. What should I do?”

Another man wrote, “Well, if you work for the government or a non-profit, you cannot expect to become a millionaire. After all, you’re on a fixed salary and there’s little time for anything else. By the time you get home, you’ve got to play with the kids and entertain yourself.”

Related: 7 Truths Every Millionaire Knows About Business

The truth is that all of us can become as wealthy as we decide to be. None of us is excluded from wealth. If you have the desire to receive money, whatever the amount, you have all of the rights to do so. There’s no limit to how much you can earn for yourself.

Money is like the sun. It does not discriminate. It doesn’t say, “I will not give light and warmth to this flower, tree, or person because I don’t like them.”

Like the sun, money is abundantly available to all of us who truly believe that it is for us. No one is excluded.

Here are 7 tips to becoming a millionaire:

1Change Your Thinking

You have to see the bigger picture. When most people see just trees, you need to look at the entire forest. This way, you’ll be able to chart your own course and get to where you want to be. By having a vision and the goals to attain that vision, your possibilities are endless.

You’ll have to go through plenty of self-discovery before you earn your first million. Knowing the truth about yourself isn’t always the easiest task. Sometimes, you’ll find that you’re your biggest enemy and best friend – even in the same day! Nonetheless, changing your thinking is a requirement for wealth.

2Save Relentlessly

This will address the queries that I’ve recently received. For many individuals, there’s too much month at the end of the money. However, you’ll have to make your best effort to save as much as you can, even if it’s a ridiculously low number.

There are many techniques for saving money. You need to find your own system and start building your wealth.

Even if you’re on a fixed income, you need to find the discipline necessary to save. Whether you start out with saving R500 or R5 000 per month, do the best you can and invest this money in the best way possible.

3Learn from Millionaires

richard-branson-kim-khardashian-and-britney-spears

Most people are surrounded by what I like to call “Default Friends.” These friends are acquaintances that we see at the grocery store, gym, school, work, and other places.

Related: Self-Made Billionaire David Rubenstein’s 7 Habits Of Success

We naturally befriend these people as trust grows. However, in most cases, these people aren’t millionaires and cannot help you become one either.

If you truly desire and aspire to be a millionaire, these people may tell you that it’s impossible.

They’ll tell you that you’re living in a fantasy world and why you’ll never be able to make it happen. Instead, learn from millionaires. Let go of these relationships and seek new ones that can help you get to the next level.

4Indulge in Wealth

To become wealthy, you must first learn about wealth. This means that you’ll have to put yourself in situations that you’ve never been before.

For instance, you can test drive a new car, get a realtor to show you an expensive home, or get a brownie from the finest bakery in town.

Most of this will not break your bank. In fact, some of it is free. You’ll have to go where 97 percent of people aren’t willing to go if you want to make your financial dreams happen.

Are there luxury golf courses, spas, or museums in your area that will allow you to indulge in wealth? If so, take advantage.

5Believe It’s Possible

If you believe that it’s possible to become a millionaire, you can make it happen. However, if you’ve excluded yourself from this possibility and think that it’s for other people, you’ll never have money. Also, be sure to bless rich people when you can. Haters of money aren’t likely to receiving any of it either.

The best way to do this is to learn relentlessly about yourself and money. You can do this by reading books that have been written by millionaires themselves. By gaining a well-rounded education and staying inspired, you’ll be able to get the wealth you’ve been looking for.

6Enlarge Your Service

Your material wealth is the sum of your total contribution to society. If you know my famous question, “How do I deliver more value to more people in less time?” then you’ll know that you can always increase your quality and quantity of service. People are waiting to be served.

Enlarging your service is also about “going the extra mile.” When it comes to helping others, you must give it everything you have. Don’t think about if the people you serve will appreciate it or not. You just plant the seeds and nature will take care of the rest.

7Seize All Opportunities

In every neighbourhood, no matter where you are, there are always opportunities to do good. Your community desperately needs your help. If you would only open your mind and heart to these opportunities, you’ll find that they will be ready to reward you in due time.

Related: 3 Daily Routines For Becoming Happier And More Successful

Furthermore, you cannot say “no” to opportunities and expect to become a millionaire. You must seize every opportunity that has your name on it. Sometimes the monetary reward will not come immediately, but if you keep planting seeds, eventually you’ll grow your fruitful crop.

Money is the harvest of your production. Everything that you have is in direct proportion to your actions.

If you’ve done everything that you can do and have a purpose leading your life, you can expect to become wealthy. You must desire wealth and eventually the money will come when you are ready for it.

The more seeds (service) you plant, the more plants (money) you’ll have.

This article was originally posted here on Entrepreneur.com.

Personal Finance

10 Tips To Become A Millionaire This Year

Becoming a millionaire requires changing your mindset and implementing some changes.

Murray Newlands

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Becoming a millionaire may seem out of your reach, but it’s possible with the right attitude and guidance. The fact of the matter is your income can only grow as quickly as you do, so you need to change your mindset to achieve your goal of becoming a millionaire.

Once you have a millionaire mind, you can’t lose it, no matter what financial or business mistakes you make along the way. To get yourself there, you’re going to need some structure. To help you, I’ve outlined the top ten tips you should follow to become a millionaire this year.

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Personal Finance

If You Think These 5 Things, You’ll Never Get Rich By The Time You’re 30

Five common mistakes entrepreneurs make when starting a business and how to correct them.

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Last week, I had lunch with a millennial who wanted some advice about a business he’s starting. After the usual small talk, we got down to discussing his business plan. Within a short time, it was clear that his business idea was great, his plan for executing was fairly solid and he had gathered together a strong team to help him make it happen.

So far, so good. But, to be frank, this guy has no chance of being successful with his current mentality. What it takes to be rich (or successful in any measure) has a lot more to do with your mindset than your ideas and plans.

From the time we started in business at the ripe ages of six and seven, our Grandpa Joe taught my brother Matthew and me many lessons about the details of running a profitable business. Over the years, we learned about how to create a business plan; how to market our products and services; and how to take care of customers, vendors and employees. All this knowledge has been invaluable to us in creating and running successful businesses. But, what our grandfather taught us about attitude and mindset trumps all other lessons.

Without calling out the specific individual I spoke with recently, below are five “hypothetical” attitudes that will get you nowhere in your journey to success – and the attitudes that should replace them.

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Personal Finance

5 Habits That Lead To Millionaire Business Success

You need the right habits if you’re going to succeed.

Timothy Sykes

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What do all millionaire businesspeople have in common? Well, a lot of things.

I found from a recent study that 80 percent of all millionaires still go to work every single day. They’re working people just like me. But, they have to keep themselves in work or it all grinds to a halt. So what are the habits you need to make your business a success?

1. Patience

Nothing is ever going to come easy. You can look at the likes of Steve Jobs and Bill Gates, as well as the other usual suspects, to realize that success didn’t come with their first venture. Many of them failed time and time again. It took patience for them to become successful.

I read an article recently about 36-year-old teacher Andrew Hallam who became a self-made millionaire on a teaching salary. But, in his spare time he invested smart and lived frugally.

It proves you don’t have to inherit lots of money or become an instant success to make a millionaire business.

Related: 4 Ways To Become A Millionaire Even When You Start With Little

2. Dedication

You have to be dedicated to your craft if you’re going to become successful. Going back to Bill Gates again, he started his business in the back of his garage. Now that’s dedication.

It’s what I tell all my students. If they’re not dedicated to this, then they should leave. You need to be able to push through the barren periods if you’re going to reach the oasis of success.

3. Ambition and big dreams

Have you ever heard the quote, “Shoot for the moon. Even if you miss you’ll land among the stars”?

I take that to heart because even if you aim to become a billionaire and miss you still might be a millionaire many times over. Take the Wright Brothers as an example. Not content with creating a successful glider in 1902 they went on to create the world’s first airplane in 1903, making four brief flights in Kitty Hawk. It demonstrates the importance of dreaming big because you never know what you might achieve.

Related: 12 Millionaire Habits To Start Making Serious Money Soon And Build Wealth In A Hurry

4. Learn from mistakes

Every good businessperson will mess something up. It’s inevitable. What’s important is how you learn from your mistakes over time. Do you adapt after making your mistakes?

Millionaire businesspeople always set some time aside to reflect. Then they create a plan of action for ensuring that it doesn’t happen again. Most failed businesspeople put it down to “bad luck.”

5. Focus on niches

This important! Try to take over a whole industry at once and you’ll inevitably get swallowed up by the competition. Start small and control your own niche before moving into another niche. When you master your small area, you can push on and expand.

Related: 21 Choices Millionaires Make That You Aren’t Making But Should Be

You’ll be amazed at how much easier it is to expand after you master your own niche/audience first.

Do you have what it takes? That’s the question I always ask novice businesspeople. You need a plan and you need the right habits if you’re going to succeed.

This article was originally posted here on Entrepreneur.com.

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