Issue 89 : Becoming a Millionaire the Hard Way!

Now that we are on the same page and agree that Becoming a Millionaire is going to be harder than we thought, why don’t we look at a few steps you will have to go through in order to achieve Financial Freedom and roll around in stacks of Hundred Dollar Bills! These are a few things that will help you turn into a Millionaire…
10 Steps To Becoming a Millionaire
- Don’t Waste or Lose Money.
The first step to Making Money is to control how you spend! When you do become financially secure you will be able to spend all you want. Be patient and don’t waste money that you could invest into your future! - Save Money.
When you do start Making a little bit of money whether it is online or offline, through your job or through a business. Set up a savings account and deposit some money on a regularly scheduled basis. This will give your financial state some consistency and you will be able to accumulate some interest on your earnings. This is crucial! - Change Your Mindset.
You simply have to change the way you think. If you think a certain way then you might be setting yourself up for your downfall. Imagine knowing that you will not succeed before even starting. I wrote an article about the “Millionaire Mindset” that has gotten a lot of buzz on Ezinearticles. Check it out. - Make a Plan.
If you want to Become a Millionaire so badly then you must have some sort of plan of action that will supposedly Make you a lot of Money. Once you come up with something that you think is concrete that you think will work you might want to meet with a Financial Advisor or Consultant to get a second opinion. If you plan on starting a business then come up with a good, Rock Solid Business Plan. I’ve networked a lot with Business Professionals in the past year or two and to be honest with you, a lot of the new Business Ideas that I hear about are crazy. A lot of Money lost because of a stupid idea is something that can be avoided. - Take Action.
Once you have a good plan that you know will generate good revenue.. take action! It is funny how many people have so much talent, knowledge, skills, etc.. and you wonder why they didn’t go far in life. It is probably because they didn’t take action when they needed to. Millionaire by Chance.. or Millionaire by Choice? The Millionaires who worked their way from the bottom only got there because they took action! - Invest Your Money.
Once you get some good money coming in.. you should make investments. Big Return, Small Return, etc. An Investment in my opinion is like waiting a few minutes extra before dinner, because food seems to taste so much better when you are more hungry. When you Invest your Money.. you wait and then it comes back in bigger quantities! I know that if you are just starting in something like Internet Marketing you may not have much money to invest.. or maybe you want to try to start from scratch with nothing. It is a lot harder than you may think! - Diversify Your Investments.
Never put all your Money in one place. I figure that this is common sense. Anyone who knows anything about Business knows that there is a lot more Money to be made if you make diversifications either internally or externally. Instead of just placing Google AdSense ads on your website, why don’t you try your hand at Affiliate Marketing? Diversify and you will notice that with Multiple Streams of Income, you will end up with more Money than you can keep track of. - Take Risks.
I am sure that most of the Millionaires living today got there by taking Big Risks at one point or another in their lives. Taking Risks; is sometimes, the only way to make a critical change in your life. To take you from Point A to Point B. - Have Some Fun.
Remember that this is still your life and you shouldn’t miss at a chance at living and having fun just for something like money. I know that money can make a lot of people happy, but precious life moments will make someone much happier than a big pile of cash. - Help Others In Need.
This is one thing that I personally like to do. Whenever I feel like I have been successful I like to take time to help out others. When I learned how to Make Money Online I started this blog to help others do it too. In the end you won’t regret it and you will notice that by helping others… one day others will be there to help you.
Becoming a Millionaire is a dream, but it doesn’t mean that you can’t reach it. I’ve always said to myself that I would make my dreams come true at any cost. Just keep in mind that for some people it isn’t worth chasing a dream that will not bring much fulfillment to their life. Do you really want to Become a Millionaire?
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August 14th, 2008 at 10:26 pm
yow, nice job, keep it up man
August 15th, 2008 at 1:36 am
Very informative yet entertaining at the same time…. becoming a millionaire the hard way, road less traveled but it’s worth it!
Reading those 10 steps just reminds me of how I struggle through some of my personal challenges. I once heard somewhere that obstacles exists in order to show how bad you want to achieve your goals and dreams.
“An Investment in my opinion is like waiting a few minutes extra before dinner, because food seems to taste so much better when you are more hungry…”
August 15th, 2008 at 5:22 pm
Thanks for the great comments…
Greenguy : This site is my passion… I’ll keep it up , thanks
Jill : Thanks for reading… means a lot that people are reading my stuff and that maybe it can change the way they look at things or help them understand the challenges that they need to overcome. and i agree with what you wrote.. i’ve heard that somewhere before too
August 16th, 2008 at 1:16 pm
Nice blog mate but have a query.
You say don’t loose/waste money but you then go on to say Take Risks, surely sometimes when you take a risk it will fail and you will waste money?
August 17th, 2008 at 3:13 pm
PS3 : The losing money/wasting money part is the first step. This indicates that most people who want to start making money online don’t have much money to start off with. They will need every extra dollar to help start their online career or jump off their business. What I mean is that you shouldn’t intentionally waste money on things that are unnecessary. Once you are further along on your way to financial freedom that is when you should take risks to expand your online business.
August 18th, 2008 at 12:56 am
Couldn’t disagree with you on #1, you have to be willing to lose money, yet you have to have controls in place in order to limit that risk.
August 18th, 2008 at 10:19 am
What a beautifully written post!! And it’s all true sometimes we need guidance and goals to stay on track. That was wonderful, I enjoyed this.!!
I’m glad you put in “help others in need” what good is money if you can’t help others?
August 18th, 2008 at 6:17 pm
Sounds interesting! The information about Steps To Becoming a Millionaire is really good. Thank you so much.
August 22nd, 2008 at 6:29 pm
A lot of sound advice you’ve come up with there. Especially the first five items on your list, in terms of someone looking to become involved in Internet Marketing. Don’t waste or lose money on cheap “make money online” marketing programs that aren’t based on sound business fundamentals.
So many of the programs that people promote are simply gimmicks that rely on impulse buying tactics because they seem as though they will make money, when in reality they are short term (rather than long term) profits and don’t provide the buyer with any real benefit, other than to get others to sell the same cheesy program to more unsuspecting prospects. These are the programs to stay away from.
Once a person has done their homework and come up with a good business plan and a vehicle to get them to the income level that they want, then, as you say, TAKE ACTION. This is what holds back so many people from finding out what online success can be like, is that they are afraid to take action and dive in. Once you begin making your first few sales, you’ll begin to see what works and what doesn’t. Once your fear of the unknown is taken away by actual experience in the field, then you can push forward with confidence, knowing what you have to do to become a success.
Best of success to you,
Thom
August 23rd, 2008 at 5:54 pm
I would add something about risk. Take CALCULATED RISKS. The risks you take should have the odds in your favor.
Blog Savvy, one of Warren Buffets rules is “Don’t lose money”. Perhaps a better way to state it is don’t be careless with your money but don’t fret if you lose some.