Best Tips How To Become A Millionaire in 10 Years
The process to becoming a millionaire has been consistent over the years. Your income can grow only to the extent you do. Believe it or not, becoming a millionaire is a goal that can be achieved at any age at any time of the year.
One of my favorite authors, T.Harv Eker, puts it this way: “If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.” – T. Harv Eker
I absolutely agree with T.Harv!
A perfect example is lottery winners. Research has shown again and again regardless of the size of their winning prizes, most of them eventually return to their original financial worth, the amount they can comfortably handle.
However, on the other hand – the opposite happens to those self-made millionaires. Even if they lose their money or business, they can stand up again and bring back their financial state within a short period of time.
Why this thing happen?
Because those self-made millionaires , they never lose the most important ingredient to their success – their “millionaire mind”.
What is your Financial Thermostats?
Are you set generating Hundreds?
Are you set generating Thousands?
Are you set generating Millions?
Are you set generating Billions?
or maybe are you set for below zero?
The reality is that most people don’t reach their full potential. Most people are unconscious and I must admit that I used to be one 20 years ago. We work and easily settled from the money that we are getting from our job, great perks from the company we are working with, and unaware on how these Millionaires set their mindset – their “Millionaire mind”.
If you want to make a permanent change, “stop focusing on the size of your problem and start focusing on the size of you”. I’ve learned this from my good friend T.Harv Eker.
Okay now, why the majority of those people who won the lottery normally end up to the same financial state?
…Think yourself as your bucket of wealth. If your bucket is small and your money is bigger than your bucket, what will happen to your money when you pour it to your bucket?
It will continuous to spill out of your bucket and you’ll lose it.
So…that means we need to grow and think differently – to have a BIG bucket, so we can pour more and more money each day, each month, each year again and again.
Best Wealth Practices To Become a Millionaire in 10 Years
1. Treat Your Finances Like an INC.
One of the main reasons why someone can never become a millionaire is because they haven’t written a financial plan and don’t monitor their daily/monthly financial activities (the ins and outs of their money flow).
My husband and I started monitoring our own finances way back in 2007. Every single penny going out from our pocket to buy bread, water, school expenses are all accounted on our journal.
Developing this small habit of listing everything forces you to see everything, if you are living beyond your means. It also guides you in making the right decisions in order to achieve all of your dreams and goals.
2. Focus On Increasing Your Wealth
You need to think and focus on increasing your income in increments and repeating that.
If let say your income is $1,500 per month month, then you need to find opportunities how to increase this to let say $3,000 a month. Start following the money footsteps, and it will force you to control revenue and see opportunities.
Thankfully, you have several options to boost your revenue nowadays easily, and not only in investing in properties, stock market, mutual funds, you can also start earning money from home by optimizing the power of your computer and the internet and start joining different affiliate programs.
If you want to learn more about affiliate programs you can click here.
3. Rich People Focus On Opportunities
It’s true that rich people focus on opportunities while poor people focus on obstacles. Poor people normally focus on their fear and obstacles. Poor people make choices based upon fear. They normally focus what could go wrong or what if it doesn’t work?
While middle class they are a bit optimistic. Hoping and praying that everything will gonna work well for them.
Now, here’s how millionaires think…
Millionaires they take responsibility for the results in their lives, they know how to design their life into their liking because they act upon the mindset of…”It will work because I’ll make it work”.
4. Live below your means and lay-off the credit
It’s funny those wealthiest people that I have acquainted with, they don’t spend excessively on designer and luxury items. They even lined-up just to get a rebate of about $10 – I was really impressed and inspired!
And, I was really surprised and amazed to see one of the Forbes riches in the world is wearing a promo watch (yes! you heard me right – a promo giveaway watch) and another incident with another Billionaires, he is fond of using hotel pens.
And, they’re known for being generous to others.
5. Associate yourself with Millionaires
“In most cases, your net worth mirrors the level of your closest friends.” Exposure to people who are more successful than you are has the potential to expand your thinking and catapult your income. Based from the book “Secret’s of the Millionaires by T.HarvEker – “Rich people see every dollar as a seed that can be planted to earn a hundred more dollars, which can then be replanted to earn a thousand more dollars.”
According to T.Harv Eker, “the trick is to get educated, learn about the investment world. Become familiar with a variety of different investment vehicles and financial instruments. Then choose one primary area in which to become an expert. Begin investing in that area in which to become an expert.”
Now, Here’s The Question…Would You Like To Earn a Lot Of Money Quickly and Be a Millionaire?
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I’d love to hear from you. Will you be ready and willing to reinvent the way you make a living, do what you love to Design Your Future? Leave your comment below.