1. Follow the money.
In the current economic environment, you can not save your way to millionaire status. The first step is to focus on increasing your revenue increases and repeating that. My income is $ 3,000 per month and nine years later, it was $ 20,000 per month. Begins to follow the money and it will force you to track revenue and see the possibilities.
2. Don’t show off -- show up!
do not buy my first luxury watch or a car until my businesses and investments produce multiple streams of income security. I was still driving a Toyota Camry, when I became a millionaire. To be recognized for his work ethic, not
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. Save to invest, don’t save to save.
The only reason to save money is to invest. Put your money saved sacred guarantees (untouchables). Do not use these accounts for anything, not even an emergency. This will force you to continue to follow the first step (increase revenue). To date, at least twice a year, I'm broke because I always spend my surplus in the business, I can not access.
4. Avoid debt that doesn't pay you.
Make it a rule never to use the debt does not make you money. I borrowed money for a car just because I knew I could increase my income. The wealthy use debt to leverage investments and cash flow growth. The poor use debt to buy things that make the rich richer people.
5. Treat money like a jealous lover.
Millions want financial freedom, but only those who make it a priority million. To get rich and stay rich, you have to be a priority. Money is like a jealous lover. Ignore it and ignore you, or worse, that will leave someone who makes a priority.
6. Money doesn't sleep.
Money does not know about clocks, calendars or holiday, and you should not either. Money, as people who have a great work ethic. When he was 26, was in the shop for 19 hours worked in closed most of the time you might find me there 23 hours to make an additional sale. Never try to be the smartest or luckiest person - just make sure you work harder than everyone.
7. Poor makes no sense.
I was poor, and it sucks. I had enough and that sucks nearly as bad. Remove any and all ideas that being poor is somehow OK. Bill Gates said, "If one is born poor, it's not your fault but if you die poor, it's your fault.".
8. Get a millionaire mentor.
Most of us were raised in the middle class or poor and we want the limits and ideas of this group. I studied millionaires play what they have done. Get your own personal mentor millionaire and study. Most rich people are very generous with their knowledge and resources.
9. Get your money to do the heavy lifting.
Investing is the Holy Grail of becoming a millionaire and you have to make more money with your investments as your work. If you do not have excess money, you will not make investments. The second company, began to require an investment of $ 50,000. This company has reimbursed me $ 50,000 per month for the last 10 years. My third was investing in real estate, I started with $ 350,000, a large portion of my net worth at the time. I still have this property today and continues to provide me with an income. Investment is the only reason to do the other steps, and your money to work for you and make your hard work.
10. Shoot for $10 million, not $1 million.
The biggest financial mistake I made was not thinking big enough. I encourage you to go to more than one million. There is no shortage of money in this world, only a shortage of people think big enough.
Apply these 10 steps and you will become rich. Beware of people who suggest their financial dreams born of greed. Avoid schemes to get rich quick, be ethical, never give up, and once you do, be willing to help others get there too.