A Study Of Money Flows In The United States How to Become a Millionaire – 8 Truths

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How to Become a Millionaire – 8 Truths

I was inspired to write this article when I read the book “The 10 Distinctions Between Millionaires and the Middle Class” by Keith Cameron Smith. The book echoes my ideas so well that I could almost write a book. I have taken some of his ideas to create this short article on how to become a millionaire, adding them to my own.

1. Millionaires think long term. I have long believed that the difference between successful people and unsuccessful people has to do with the ability to delay gratification. If we think about those people in the society who are respected and successful – they often have education, which means they are late to earn money and work hard; They delayed gratification. This is also true of great sports figures or Olympic athletes, who spend hours exercising and practicing their craft instead of sitting in front of the television.

2. Embrace change. We all long for the good old days, but the truth is these good old days will never come again, change is opportunity. Accept it, prepare for it, study for it and you will thrive.

It’s not survival of the fittest, it’s survival of the fittest, and our world is changing rapidly, the more we can adapt, the better we can do.

3. Be a constant learner. I have even gone as far as not doing television. I read instead, I believe it feeds my mind more. I believe in being a constant learner, every day before I go to bed I ask myself “What did I learn today?”.

I also choose subjects that I need to know more about and study them. This is the habit of millionaires.

4. Ask enabling questions. In most cases, empowerment questions are how. How can I do this or how can I do that, why have I resisted. If you ask why, you often get why, and that reinforces a failure loop.

Asking a big how question inspires greater action than a small how question. How you can increase sales by 6% comes back to doing the same thing with almost no changes. How you can increase sales 50% makes a difference that requires you to do something dramatically different.

5. Be thrifty. Now I don’t mean cheap – I mean frugal. Thrift is about getting good value for money, so I’m willing to pay more if I think the value I’m getting is better value.

6. Start now. I have found that life is very easy for me because I worked hard from a very young age. This created a dynamic effect that has made my life so much easier now.

7. Be grateful. I am a big believer in having an attitude of gratitude. I know I live a charmed life and I appreciate everything in life.

8. Keep on giving. Not being generous with both time and money leads to fear of lack of abundance and limited resources. Being generous backfires.

For me, time is the most difficult, because I am a time management person and my time is very precious.

9. Practice time management. I’m a big believer that most of my success comes from using my time well, which mostly consists of having the right goals, knowing what needs to be done, and then setting my priorities.

Although the title of this article is ‘How to be a millionaire’ and many people aspire to it, money is a hollow goal. Money is a byproduct of doing something I love and being fully engaged and immersed in it.

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