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Old 12-12-2006, 01:39 PM   #14 (permalink)
Still Growing
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Join Date: Nov 2006
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Default Best way to become a millionaire

There are two types of self created millionaires. The first type did what they loved and really didn't think about it but they hit on a BIG IDEA. The second type, or most common, intentionally set up to do it and then study how others did it.

I'll discuss the later.

You should:
1. Read one book a month about others who have started from nothing but created wealth.
2. Live 30% below your means and save while others are spending.
3. Set out on a journey to discover what it is that you love. If you cannot see how this could create money then consider this a hobby and move to the next thing on your list.
4. Think goal oriented. Create long, medium and short term goals and then work towards completing those goals.
5. Don't think about money first. Think about your service or product and really get into perfecting this. The money will come.
6. Take chances. The average millionaire has a string of failures and in some cases have lost everything at some point.
7. Early to bed , early to rise.
8. Get connected with people that can help you.
9. Be giving of your time and knowledge to the right people
10. Etc. Etc.

If you think that all of this is "Not for you" then maybe you don't really want to change.

I am writing the above on the fly and I am sure that if I took the time I could take things off the list and add things on but I need to get back to working my own plan for the day.

I wish you the best!



Quote:
Originally Posted by FutureBillionaire View Post
What is the best way to become a millionaire in your opinion?
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