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5 Steps You Must Take in Your Early 20s to Become a Millionaire

5 Steps You Must Take in Your Early 20s to Become a Millionaire

Most of us work to earn money and fulfill our desires. For you, that may include owning a huge villa with a dozen of foreign cars parked outside. While most of us have dreams like these, there are very few people that are actually able to fulfill these. Becoming a millionaire is not easy. You have to put in a lot of hard work while also having lady luck on your side. And it’s definitely an accomplishment that is easier said than done.

If you are thinking of living a luxurious life in your 50s, don’t think so far ahead. Things have changed now and there are loads of millionaires under 30. What’s the point of getting what you want when you cannot even enjoy all of its benefits?

If you wish to be rich, you need to start today. And to help you in this regard, provided below are five simple tips:

1. Put Social Life Aside, Study Now

We know, your early twenties is a time to rejoice and celebrate life in a careless, somewhat reckless manner. However, since being a millionaire is one of your immediate goals, you will need to muster up the courage and patience to put your social life on hold, so to speak, and focus on how you want your career to shape up.

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The drive and energy you have at this age can be put to much better use than just partying and “hanging out with your compadres”. Study with relentless focus, work on your professional skills, and hone your talents. All of these will be key driving factors when you start developing your very own product or service.

But now comes the question of self-made moguls like Bill Gates and Steve Jobs, who dropped out of college but managed to become huge names. As stated above, studying is not only about your course books, it is about knowing your talents and polishing them. These millionaires and billionaires, for example, did not drop out of college to party. They did it because they had a vision and they needed time to make it come true.

If you have an idea, you need to choose it today. If your college isn’t teaching you what you wish to learn, find other ways to do it. Put socializing aside and focus on refining your talents as it will pave the way to becoming a millionaire.

2. Boring Niches Can Be Very Profitable

When people dream of becoming successful millionaires, they tend to focus too much on widely known or accepted niches. This is a mistake.

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Fact: It can take eons to become a millionaire by going down the traditional doctor, lawyer, or banker career route. Many of these job descriptions also have earning caps, which are difficult to push through.

Here’s an idea: Ditch preconceived notions. Working or launching a business in a common niche does not guarantee you millionaire status. And you certainly don’t need to spend several years in school or work mainstream jobs to become one. Tap into a relatively untapped niche, offer something unique, and work hard towards your goals. This is how any sort of a business succeeds.

Mark Zuckerberg once said, “People don’t care about what you say, they care about what you build.” So do it and show it to the world.

3. Start Investing Today, It’s A Shortcut

While it is true that there are certain shortcuts to earning big money, the truth is, not all of them work for everyone. However, one of the easiest ways is to start investing today. Stock exchange is a big game and if you can play it right, you may be able to turn your modest account into a great fortune overnight.

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Warren Buffett, for example, started to invest at the age of 11, and today he is one of the richest men in the world. There are other examples, like Nicolas Darvas, who explained his story in his book, How I Made $2,000,000 in The Stock Market.

Today, you have more opportunities than ever before. There are several options to invest in other than stocks. You can take a forex course or invest in bitcoins, which is considered one of the safest investment options. If you’re not comfortable trading yourself, there are a lot of forex signal services that allow you to copy the trades of experienced, profitable traders.

4. A Resilient Mind Is Key

The difference between mediocrity and epic success is being able to work with unwavering focus and productivity for at least a few hours at a time. It’s during these long stretches that you get work done and discover your own drive and limits.

Fast track your abilities. Be aware of the distractions that are keeping you from performing in tip-top shape, and especially during moments when you start to lose focus. Take your daily activities apart each night and feverishly look for opportunities to improve.

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Now, we know most of this sounds like basic common sense talk, but applying it practically can really boost your productivity, and you’re going to need that in your arsenal big time if you’re looking to hit that million dollar mark early in life.

5. Failure Is Perfectly Normal – Use It As A Stepping Stone

Irrespective of what line of work you’ve chosen for yourself, you’ll be dealing with plenty of disappointments along the way. It’s perfectly normal and what separates the winners from the losers is how you perceive them.

Drew Houston, Dropbox CEO, said, “Don’t worry about failure, you only have to be right once”. This explains the need to never give up and continue to walk until you achieve your dreams.

As an investor, for instance, you might lose a lot of trading stocks for the first couple of months, but when you get the hang of it, you’ll know what was holding you back. Accept these failures and use them to better yourself in every way imaginable.

These are just a few steps you can take to ensure you reach that millionaire status early in life. Don’t give up, keep your eye on the prize, and learn to make some sacrifices early on to make your dreams come true.

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Ahmed Raza

CEO of Samurais.co

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Last Updated on November 5, 2019

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

But it all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

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  • Visual learning style (what this article talks about).
  • Aural or auditory learning style (learning by listening to information presented).
  • Verbal or linguistic learning style (learning that involves speech and writing).
  • Tactile learning style (learning by touching and doing)

But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

How to Know If You’re a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

How to Use Visual Learning for Success

Here’re 4 ways to use visual learning to boost your career or business:

1. Bring back the to-do list. Then add shapes and colors to boost productivity.

We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

2. Add graphs, charts and symbols to your reports.

Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

3. Effectively brainstorm with mind-mapping.

Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

4. Add video streaming to meetings.

What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

Is Visual Learning Better Than Other Learning Styles?

No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

More About Learning Styles

Featured photo credit: Unsplash via unsplash.com

Reference

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