How To Become A Millionaire
|Author: John Curry Posted: 2014-01-07
Would you like to learn how to become a millionaire?
Lets talk about making money, being successful, and becoming who you want to be.
4 Steps on How to Become a Millionaire:
Step 1: First, you must find out why you want to be a millionaire. Without having a deep understanding of why you want to be successful, it will be very difficult to accomplish your dreams. The reason knowing why is so important is because there are so many roadblocks, obstacles, jagged cliffs, venomous snakes, acid spewing giant hornets, and people trying to pull you down, and telling you that you canâ€™t do it.
If you don’t have a big enough reason WHY to climb the mountains, battle the snakes, and get over the roadblocks, you will probably just go back home and quit. How bad do you want to become successful? Are you willing to give it 110%?
One of my many reasons why is because I know what its like to be dead-broke, and I donâ€™t want my family to have a father and a husband who is never home, because he is always working and stressed out. My family deserves better, and so does your family.
Step 2: Decide that you will become a millionaire. Make a commitment. No matter what, you will do whatever it takes to be successful.
Step 3: PLAN! Nobody has ever become successful on accident. Virtually everyone that has been successful has made a plan, and stuck to their guns. There are several ways to become a millionaire. The video below gives a basic explanation of the four possible routes you can take to success.
With this in mind, lets examine your options on how to become a millionaire.
Option A: You can be an employee, or Self-Employed. Doing this, it will take almost forever to become a millionaire. Employees, people with JOBS use the saving method to get money. They will save their money in a 401k, or other various types of "retirement" vehicles.
Example How long will it take you to reach $1,000,000 by saving $500 every month @ 8% interest per year (which is very generous) and a 3% inflation. Take a stab at it.
It'll take about Thirty-Four years to reach your million dollar goal. With inflation, your 1 million dollars will only be worth $366,000. That means, by saving $500 a month, it would take you well over 68 years to actually accumulate one million dollars worth of money!! Do you have an entire 68 years to wait around for your $366,000? Of course not!
Hopefully you recognize the problems with option A. What are you going to do 34 (or 68) years later when you finally get your million dollars? You’l be much older (or dead), your kids will be grown up and gone. You will have sacrificed years of doing less fun things with your family and friends, missing out on many life experiences, only to have a million dollars, or worse yet, never even reaching your goal.
Lets say you go spend it, you go on vacation, buy a car, go out to eat more, buy some cool toys to enjoy the million dollars you saved up. (remember, your much older now)
Guess what. When you spend the money, it is gone. Because of expenses, you won't even be able to spend all of your money because you have bills to pay.
What if I told you there was a better method of learning how to become a millionaire?
I want to tell you about Option B. This option is something most people are aware of, but are too afraid to try. With Option B, you can create a system, or plug into a system that will generate money for you every single month for years and years and years to come, whether you work or not. Even while you are scuba diving in Hawaii, or laying in a Hammock while your kids play on the beach, money will be flowing into your bank account.
Option B will give you the freedom to do what you want, when you want, and you can literally retire within a couple years if you do it right, even if you are broke right now.
Option B is this. Become an Entrepreneur.
As an entrepreneur, you will learn how to become a millionaire; invest your time, and money into creating a system, or plugging into a system that over time will provide you a virtually unlimited potential stream of income, even if you decide to sleep in all day. There are actually hundreds of ways to make money as an entrepreneur.
Step 4: Take action. Begin your journey. NOW. No excuses.
Go to my blog below, and learn how you too can become a successful entrepreneur. This blog will take you to some valuable videos that will help you on your journey to becoming a Millionaire.
Take a look at this blog to check out some incredibly valuable and motivational videos to inspire you to pull out the best you have inside of yourself. Become a Millionaire
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