So, you want to be a self-made millionaire? Bingo! You and almost every other person on the planet want the same thing. However, only a small percentage of people are able to do it. Here’s why: millionaires attribute their success to habits they learned from their parents or mentor or book mentors. The secret to their success is the habits they picked along the journey to success. Becoming a millionaire is not an easy task, one has to stick to rich habits. Here are a few secrets on how to be a rich by 30.
PURSUE BIG DREAMS
To become a millionaire, you must first believe in your dreams. Set a target, create a structured action plan to achieve this goal, and raise expectations for yourself that you can make a difference to the company, community and the world.
Do not limit yourself, do not settle for the status quo. Your dreams are counting on you.
SURROUND YOURSELF WITH DREAMERS
How many wealthy people do you hang out with? You cannot learn to make money from someone who doesn’t have much. Spend time with people who are successful at their business. Get a mentor, a teacher, a role-model who will give you constant motivation, knowledge, and many opportunities others don’t get. You may genuinely learn a thing or two from others and emulate their success.
Did you know that 81% of millionaires maintain a to-do list? According to Thomas Corley, author of Rich Habits: How To Build Wealth Daily, millionaires break down goals into action steps that make up their to-do list.
DON’T PUT ALL EGGS IN ONE BASKET
Millionaires never depend on one flow of income. Instead, they set up multiple revenue streams. You should do the same. Raking millions from one business is very easy, but if you don’t diversify your revenue chances are your only revenue source may get swept by an economic meltdown. The rich see money as a tool for savings or investment. The average millionaire saves or invests 20% of their income. For them, churning out additional revenue streams is works like an insurance. Similarly, instead of spending all your moolah on desirable things like super-cars, shift your income towards sensible investing.
WALK THE WALK
The rich know time is more valuable than money. You’re kidding yourself if you believe the rich don’t work hard. Millionaires are consumed by their hunt for success and work to the point that they free up their time to chase their goals.
“Sixty-seven percent of the self-made millionaires in my study watched less than one hour of TV each day and 63% spent less than one hour a day on the Internet,” write Corley in his book. Use all of your freed-up time to chase your dreams, learn, read, volunteer, network, and exercise.
The key to success is habit change. To become a self-made millionaire by 30, you must adopt new habits and track them until you notice how your life has begun to change for better. It takes time and effort, but in the end, it’s worth it.