There is no harm in having an early start in life. Most of
those who are millionaires and billionaires in the society
today did not stumble on wealth. They had plans which
they followed step by step until they became known for
who they are today.
In a free system as this, there is no restriction to the
amount of money somebody can make if they are
hardworking and focused. This means that you can
make as much money as you want with the effort you
put into the acquisition of wealth.
If you are keen on making and having a seven-figure
number before the age of 40, then there are some tips
you need to follow. These tips have been discovered
to be useful as they come from people who have
made it big in life.
Since you do not have anything to lose in trying out
these things, then you can make use of them and see
how different your life would be afterwards.
Check out some of the things you need to do if you
want to have an early start in life and be a
millionaire before the age of 40:
1. Learn how to save and make investment
It does not matter how old you are, if you are keen
on making it in life, then you have to start by
learning how to save.
Nothing is too small to be saved; these savings can be
kept in secure accounts that you do not have access
to. This will help you not to touch the money even
when there is an emergency.
Whatever you save should be invested and not placed
into another savings account. The best way to tie
money down is to invest it into a profitable business
that will yield return. If you are working, a part of
your salary should be saved every month.
Contribute money towards your retirement so that
you are not stranded in any way when you are no
longer in active service.
2. Have more than one source of income
The bitter truth is that you will die a poor man if you
stick to one source of income. While you have a
sustainable means of income, make investments or do
businesses that will continue to bring in money from
You cannot afford to make plans based on a source
of income; in planning to become a millionaire, you
need to start thinking like one. Think and grow rich;
it is a must for your ideas to lead to streams of
Depending on your net worth, you can own a
business venture or be a part owner. Either way, you
need a business by the side to bring in money so that
you will not get broke. The more streams of income
you have, the more financially stable you will be.
3. Concentrate on earning
If you want to be a millionaire, then you have to put
your eyes on the prize. Do not take your eyes off the
concept of making more money. You have to find
means of increasing your income while doing things
to double your savings.
Concentrate on earning and do everything possible to
make more money. Follow the money and it will help
you see opportunities that can yield in more money.
Find high paying jobs you can have by the side,
supply services to those who need and you will make
more before you know it. It is important for you to
read books that will widen your horizon and teach
you the basic things you need to know before staring
4. Work on your mentality
If you want to be a controller of millions, then you
need to change the way you think. Firstly, you have to
believe you can make the money while you go in
active pursuit of things that will bring you more
Being rich has to do with your thinking; do not join
the masses in believing something is impossible.
Create goals and make sure they become actualized.
While you are all about becoming a millionaire, you
have to invest in your personal development. Read
one or two pages of motivational and inspirational
books everyday. Listen to the news; let your
knowledge of things be vast and you will have ideas
pouring in. Have mentors that can set you on the
Do not stick to your field alone. It is essential for you
to be an all rounder if you want to be a renowned
millionaire. Many of the millionaires in the society
are readers. They consume knowledge and make it a
must to learn everyday.
5. Move out with like minds
As a millionaire in the making, you have to associate
yourself with people that you want to be like. The
positive energy they emit and their success stories
will push you beyond limits and help you actualize all
Move with people who support your dreams and will
set you on the right paths. Strive to be with talented
people who understand your objectives in life and
will help you inspire you with their dreams.
Remember great minds think alike. If you are
surrounded with people who shares your vision and
understands the importance of making it in life, you
will break grounds.
Peradventure you turn out to be a millionaire who is
surrounded by shallow thinkers, you stand the
chance of losing your net worth and investment.
Millionaires’ way of thinking is really different from
that of middle class people.
6. Aim high
Even as you plan on becoming a millionaire, have it
in mind to have go beyond the first digit. Having the
first one million should not be end point for you;
strive to have up to ten million and use the above tips
to double the amount as you start.
Learn to think big and chase you dreams. Not doing
this is the mistake most people make.
Culled from Naij.com