Support us with crypto to keep our newspaper alive
To become someone with wealth, you must first understand that you no longer want to be just a millionaire. You want to be a millionaire.
Even if you think a million dollars will give you financial security, it won’t. Given the volatility in economies, governments and markets around the world, it is no longer safe to assume that a million dollars will provide you and your family with enough security.
In this article, you are not going to find advice on how to be a billionaire saving for your whole life and collecting a few pennies.
You will learn how to generate a wealth of millions of dollars while enjoying the creative process and in less than 1 year!
So if you want to be a billionaire, start today to practice these 7 secrets to accumulate wealth.
1. Decide to be a millionaire
The first thing to do is decide that you want to be a self-made millionaire.
Many millionaires started with nothing – no money, just a few ideas and a lot of hard work – and created businesses and companies that could not be destroyed in a lifetime.
They all have something in common: their first step was to make a decision and set a goal.
Do the same, decide what you want to be (do you want to stay poor all your life or have great wealth?) And write this statement every day: “I am worth more than $100,000,000!”
2. Get rid of your poor mentality
There is no shortage of money on planet Earth, just a shortage of right-thinking people. To become a millionaire from scratch (and then become a billionaire), you must end your poor mentality.
Many parents do everything possible to get their two, three, or four children forward with the little salary they earn, give them the best education and have better luck in life than they do.
These are the typical fathers and mothers who instill (with the best of their intentions) a sense of fear and scarcity in their children.
“Eat all the food; there are other people who are starving, ”they tell them. “Don’t spend anything.” “Money does not grow on trees.”
But true abundance and wealth are not created with those kinds of thoughts.
3. Treat it like a duty
Self-made millionaires are motivated not only by money but by a need for the market in which they operate to validate their contributions.
Although they have always wanted to accumulate wealth, they are much more driven by their need to constantly contribute to their potential.
Millionaires don’t lower their expectations when the going gets ugly.
Instead, with every obstacle they encounter, they raise their hopes because they see the difference they can make with their families, their companies, their community, and the charities in which they participate.
Being a billionaire is taken as a duty, not pure pleasure.
4. Surround yourself with other millionaires
I don’t know if you’ve ever studied the habits of people with a lot of money. Have you read the stories of the richest men and women on the planet and see what they’ve had to go through?
If you haven’t, I encourage you to get started because these people can serve as inspiring mentors and teachers.
One thing is clear: you can’t learn how to make money from someone who doesn’t have much.
Who says “money won’t make you happy”? People without money.
Who says “all rich people are greedy”? People who are not rich.
People with wealth don’t talk like that. You need to know what people are doing to make a profit and follow their lead.
What do millionaires read? How do they invest? What drives them? How do they stay motivated and excited?
5. Work like a millionaire
Rich people treat time differently. They buy it, while poor people sell it.
The rich know that time is more valuable than money itself. So they hire people to do things that they are not good at or that are not productive for their time, like a cleaning service for their houses.
But don’t fool yourself into thinking that those who achieve great riches don’t work hard.
Financially successful people are consumed by their pursuit of success and work to the point where they feel they are earning something and not just working.
6. Change your expenses for investments
The rich don’t spend their money: they invest it.
They know that government tax laws favor investment overspending.
You buy a house, and you cannot deduct your expenses.
Instead, the billionaire buys an apartment building that produces a stream of money, securities, and offers tax breaks year after year.
You buy cars for comfort and style. The rich buy cars for their businesses that are deductible because they are used cars for profit.
Ok, surely right now you don’t have enough money to start a powerful company or to buy an apartment building that will generate profits.
But there are other cheaper ways to start getting that income that will multiply, such as investing money in the stock market.
7. Create multiple sources of income
Those who really are millionaires never depend on a single source of income, but instead create a series of different streams of profits.
If you want to be a billionaire, start your own business until it generates a 7-figure income each year, and then invest that earned money in another business activity you trust.
Once you have those two streams of money, invest in a third business and even a fourth.
In this way, if one of those economic sources of income fails you, you will continue to have others with which to maintain your lifestyle.
Finally, I am going to tell you an extra secret that may surprise you: rich people want you to have wealth too.
It is a mystery to them that others do not get rich. They know that they are not special and that wealth is available to anyone who wants to focus and persist in achieving it.
The rich want others to be rich for two reasons:
- So that you can also buy their products and services (which may now have a somewhat high price for you if you do not have much money).
- Because they want to go out and interact with other people with money like them.
Maybe before you didn’t know how to be a billionaire, but after reading these 7 secrets of the richest people on the planet, you no longer have an excuse.