Becoming a millionaire and being able to live the life you want is a dream for most, and achieving this by the age of 30 can seem like a wild fantasy. While everyone has a different journey, and there are no guarantees in life, utilising these tips will go a long way to helping you crack those seven figures. #1 Ditch the steady pay check Wealthy people are typically self-employed and determine the size of their own pay check. It’s not that there aren’t superstars who punch a time clock, but for most it’s the slowest path to wealth, promoted as the safest.
The great successes know that self-employment is the fastest road to wealth. While the elite continue starting businesses and building fortunes, average people settle for steady pay checks and miss out on the opportunity to accumulate great wealth. The masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay rises. #2 Don’t show off – show up! True success and wealth isn’t represented by your latest gold watch or fancy sports car – especially if it’s leased or put you in debt. These things may create a superficial image that makes you feel good about yourself, but time will erode this when debt eats into your wealth, and you cannot sustain the lifestyle you’ve tried to adopt too early. Many a millionaire have stated they’ve been driving an old rust box well past their first million, but have upgraded when they can pay cash. Be known for your work ethic, not the trinkets you buy! Show up, work hard, and be known for what you achieve…the money will follow. #3 Money doesn’t sleep Money doesn’t know about clocks, schedules, holidays, and you shouldn’t either.
Money loves people that have a great work ethic. If you want real success and wealth, you’re going to have to make sacrifices like foregoing some social events and putting in the hours. With the ability to utilise the internet for marketing and making money, time zones and geographic locations are no longer an issue for entrepreneurs with a dream anywhere. #4 Avoid debt that doesn’t pay you This is a shift in mindset in how you think about money and whether you buy luxury toys or utilise money to make money. Make it a rule to never use debt that won’t make you money. The wealthy use debt to leverage investments and grow their income streams.
Poor people use debt to buy things that make rich people richer! Get your money to do the heavy lifting for you. Investing is the ultimate road to becoming a millionaire and beyond! You should make more money off your investments than your work. Many successful entrepreneurs outlay thousands in cash to get their start-ups off the ground, and report making that money back each and every month for many years. Investing is the only reason to follow any of the other steps, and make your money work for you, rather than you working for your money. #5 Focus on money & make it a priority While it sounds superficial, it is a harsh reality.
To get rich and stay rich, you will have to make money a priority. Ignore it, and it will ignore you. Rarely can you just focus elsewhere and hope the money will find you, as you need to be making decisions based on what is most beneficial to your business or situation. Without focusing on these decisions financially, you had better find fulfilment in other areas of what you do. You can still be ethical and conscious of your customers or the value you provide, but keep the money in focus if your aim is to be rich. #6 Invest in yourself You don’t need a formal education to start your own business and make millions, but some form of education certainly helps to understand how to run your business! Even through self-education online, knowledge is power and helps you make better decisions, which in turn affects your wealth. Some form of education is a highly valuable investment in ourselves.
Statistics show a strong correlation between education and wealth, and it can open the door to many opportunities. Even if you can’t start your own business right now, being educated and working for someone else on a decent salary can help you to build some capital to invest. Keep in mind many entrepreneurs don’t even branch out on their own until later in life, so don’t feel like you’ve already set your path. But if you want to be a millionaire by 30, you really need to ditch the steady pay check and take that risk head on.
Fortune favours the brave! And finally, #7 Don’t be poor! Fight for it! Work harder! A lot of us have been poor, it’s no way to live. Everyone has different circumstances and dealt different cards, but don’t let an excuse be your defining legacy. Fight for it! Eliminate all ideas that a mediocre life is somehow okay! And to close out with an old expression: “It’s not your fault if you’re born in the gutter, but it is your fault if you die there”.
Now go out and get it! .
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Today I want to share with you exactly how I retire at the age of 27 how I did it and maybe how you could do it as well you see I started very early at a young age the path of entrepreneurship I started my first business when I was in high school just with a couple of buddies mowing lawns for people in our neighborhoods that's my very first business there are three things that I did during this time that allows me to retire young and with higher rich so the very first thing is this I focus on developing what I call high income skills my high income skills skills that allow me to bring value to the marketplace in exchange of money now I define high income skills as skills that could make me $10,000 or more per month you see the first five years of my business career when I was getting started the first five years I didn't take a single day off I was working 12 to 14 hours a day seven days a week for the first five years while all my friends they were out there drinking drinking and having parties and chasing girls I was fucking working I sacrifice I made a lot of sacrifices I believe if you don't sacrifice for your dream then your dream becomes your sacrifice so I made a decision I pay the price early on I spent a few years of my life working on myself working on my business doing the things that most people are too lazy to do not willing to do so I could have what most people cannot have the very first high income skill that I develop was copywriting now you might wonder what that is well it's simply the skill to use words to sell that's it Prine persuasion or persuasion in print and our words running a one-man advertising agency myself if you watch the TV show man man that's kind of what I was doing without all the smoking and all that bullshit but I was basically a cocking gun in my early 20s working with companies working with entrepreneurs and I was making 10,000 a month $12,000 a month in my early 20s and at the time I thought he was it was like I felt like a million bucks I thought it was the most money I've ever seen and I did that then later on I took that money the income did I earn I put that aside and I started coin called a scalable business now if you want to retire early and retire young one of the most important things that you have to know is noticing identifying trends at a time I went onto the internet I saw this trend on the Internet we're talking about back then remember Netscape dial-up modem I'm talking about overture for pay-per-click you know good old days you're watching this young young guys you may or may not even know this but I'm talking about Yahoo for search engines okay Facebook and then later on Google but I'm talking about that so when I got started back then early and I noticed a trend on internet and I was importing collectibles from Hong Kong Bruce Lee collectibles actually and I was flipping them on eBay I was doing affiliate marketing I was doing digital marketing online I was selling digital products before PDF before all these things were even popular software all these things and that's how my first bucket of money then I took that money and I saw some of those physicists I cash out and I took that money and invest in real estate then my investments are able to support my lifestyle and that's how I retire at the age of 27 but here's one thing I've learned through that experience at the age of 27 I thought this was my dream I thought I want to get to a point where I don't have to work anymore I'll sit in a beach all day and that is going to be it and I did that the first month first 30 days I was sitting on a beach on English pay just to be there every single day right looking at a beach looking at the ocean I thought I have made it you know what all I got was sunburn that's it you may dream I'm sitting on a beach every day I'm telling you when you could do it I was bored out of my mind I thought this is fucking stupid I work so hard to get here and now I'm sitting on beach doing nothing this is dumb like did I work all like this heart and may all that sacrifices for this like come on because you've got to understand when you're entrepreneur I was going like this every day go go go go go suddenly when you have nothing to do when you cash out when you have investments you're like okay I guess what else do you do right after 30 days of that I was sick and tired of it I'm like this is a dumbest thing ever so the second month I did something different actually thought you know what I'm gonna I'm gonna watch the movies so at a time I rendered a lot of movies a lot I was watching six seven movies the DVDs stack of them every single day let me tell you something I love movies don't get me wrong but when you're watching six seven movies every fucking day you don't like movies so much anymore believe me okay after 30 days of that I'm like this is again the dumbest thing ever i I just felt like I so lazy I felt like I wasn't doing anything with my life then I went to talk to my mentor and he said okay Dan he's what I want you to do I want you to start in other business I said no no I'm not gonna start another business I was killing myself all these years so I could retire you don't understand I'm not gonna work he said no you're gonna start outta business I said no I am NOT gonna start down to business he said you're gonna start another business I said no but this time he said you're gonna start a business from a totally different place because now you're made it you could start your business coming from a place of strength coming from a place of abundance coming from a place of something that you want what do you want to create build it around your wor strength build it around your passion because now money's not an issue you're not just doing to make money what could you do how could you use all the skills that you've accumulated you've developed all the business acumen all the knowledge that you have how can you use that to do something great and I thought that I could do so that's my story that's how I retire at the age of 27 I don't know where you're at in your journey maybe you want to retire young maybe you want to retire at age of 45 55 65 I don't know where you're at but what I do know is it's possible and what I also do know is once you get there there's always an other step there's always an other level so don't wait don't feel like you have to get to a point where hey you know what I'm gonna spend my whole life doing stuff that I hate so I could get to a point where finally I could do some stuff that I love No enjoy the journey success is a journey not a destination
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