Advertising
Advertising

Here Are The Signs You Could Still Become A Millionaire

Here Are The Signs You Could Still Become A Millionaire

We’ve passed the first half of the year mark and you may seem overwhelmed with the distractions and demands of reaching your financial goals. But that doesn’t mean you need to be dazed by the odds you are faced with. Rather you should focus on the possibilities and know that your resolution to become a millionaire is still attainable, but only if you are aware of the effort that is involved.

Here are the signs you are still on track to reach your goal:

Advertising

You are financially educated

Courses in financial education are not something they teach in public schools. But you have taken the initiative and got started with reading books by Robert Kiyosaki, The Millionaire Next Door: The Surprising Secrets of America Wealthy by Thomas J. Stanley, and many other financial books that will get you on track to make your first million. You understand that you simply cannot save to become a millionaire. You have to take the strategic step of increasing your income steadily. Don’t we all need to follow the money and take advantage of opportunities? So save your money to invest it and focus on the long term benefits rather than just living for the moment.

You are willing to outwork everyone

Money doesn’t sleep. It doesn’t know night, days, holidays, or any season. Money is always in motion and the way to catch up with it is by outworking everyone and doing that extra service to get you noticed. Besides, it is better if you are not known for the amazing clothes and jewelry you buy, but rather for your work ethic. So focus on the work and watch your wealth grow.

Advertising

Avoid debt that doesn’t pay you

Some treat money as a disposable commodity. But not you- you treat money as a jealous lover and you guard it with everything you’ve got. While debt may seem attractive to others as it may allow them to live a luxurious life, you see debt as a way to gradually allow you to become a millionaire. You have made it a rule to use debt to make you more money. Many wealthy people are in debt, but not in a negative way, because they have used their debt to leverage investments and their cash flow.

You hate being poor

Some view wealth as evil. But you don’t see wealth that way, rather you understand that wealth could offer you the freedom to pursue every dream you have always wanted to have. Being poor sucks. Every wealthy person who was once poor knows this. That is why they work hard daily to protect their wealth.

Advertising

You are focused on learning and doing what works best for you

There are a million ways to become wealthy but everyone has to choose a unique channel that applies to them. Learning should go beyond what you learned in school, but instead be a continuous education that stems from following your passion and dreams. You are not trying to compare yourself to others but rather you are willing to define your path based on your terms and the knowledge of what works best for you.

You have a millionaire mentor

You might believe you have limitations because you grew up in a lower middle class family or in a low socio-economic area. However when you have a millionaire as your mentor you are focused on duplicating the methods that saw them attain their wealth.

Advertising

You think big

Wealth is not limited in our world. You know this. You are not only willing to shoot for a million, but you are also willing to shoot for ten million. You think big because you know that is what the world needs from people striving for greatness.

Featured photo credit: http://www.pixabay.com via pixabay.com

More by this author

Casey Imafidon

Specialized in motivation and personal growth, providing advice to make readers fulfilled and spurred on to achieve all that they desire in life.

8 Reasons Risk Takers Are More Likely To Be Successful 15 Signs Of Self-Absorbed People Master These 15 Skills for Success to Get Ahead in Your Career Follow This Simple Success Formula to Stop Feeling Stuck in Life 20 Signs You’re A Charming Person Though You Are Not Aware

Trending in Money

1 How to Develop a Millionaire Mindset in 6 Simple Steps 2 How to Eat Healthy on a Budget (The Definitive Guide) 3 9 Millionaire Success Habits That Will Inspire Your Life 4 Top 5 Spending Tracker Apps to Manage Your Budget Smart in 2020 5 How to Set Financial Goals and Actually Meet Them

Read Next

Advertising
Advertising
Advertising

Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

Advertising

2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

Advertising

If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

Advertising

4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

Advertising

5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

Read Next