9 things to do after 20 to be a millionaire at 30
Become millionaire before your 30th? That is possible! You don’t have to invent the next Facebook or Google or win the lottery. A large number of ‘ordinary people’ preceded you.
Becoming a millionaire at a young age
To get those six zeros in your bank account, we’ve got nine pieces of advice from people who became millionaires at a young age. We don’t guarantee anything, but after doing these things, your chances are significantly higher.
Focus on earning more
Today you cannot become a millionaire by saving within your company. The first step is to focus on more income and keep repeating this.
Save money to invest, not to save
The only reason to save money is to invest it. Transfer your money to a well-secured bank. Never use the money for other things, even in an emergency.
This forces you to go back to step 1: earn more money. Make sure you look at opportunities or new projects to invest in at least twice a year, both inside and outside your company.
Ask for help
Asking for help is difficult for many. It costs a fortune, and ego often gets in the way. Hire staff who understand a task better than you and who are more knowledgeable about several topics.
As a result, your company not only grows in human resources but also in knowledge and skills.
Dare to make a decision
Decisions are a major bottleneck in productivity. If this takes a lot of time, it also takes a lot of energy. There are, of course, things that need to be discussed, but try to cut the knot as soon as possible and move on.
Be economical with this energy and make easy decisions in advance. Prepare your breakfast the night before, get your clothes ready for the next day, and make a clear schedule.
Don’t be a show-off
“I bought my first watch and car when my investments multiplied. I still drove a Toyota Camry when I was a millionaire.
Know when to take the right risks and act on them
Taking risks requires a lot of trust in yourself and others. Here point 4 is important, make decisions. As long as you believe in your choice, it will eventually happen. You have to dare to make the big jump. You can’t get rich with low expectations. Think big and play big.
Invest in yourself
The best investment you can make is in your future. Read at least 30 minutes a day, listen to relevant podcasts while driving, and look for mentors.
A mentor does not necessarily have to be someone from your field. It could be someone you can talk to about topics you can learn from, politics, finance, or sports. Warren Buffet says he devotes 80% of his workday to reading.
Develop your skills
A lot of people go wrong here because when the money starts to roll, they change. It is important that you are always nice, respected and that people give you credit. This skill will beat you to the bastards because you lose yourself.
Go for the 10 million, not the 1 million
There is no shortage of money on this planet, but a shortage of people who think big – Cardone