8 Best Ways To Make Your First Million Dollars
Posted On July 31, 2015
When it comes to the topic money there is a lot of myth and contradiction on how to become a millionaire. So many people have advice on how to get more money, how to make your first million dollars?
Meanwhile, they haven’t made even them first earnings amount significant that could proof size them as those ones that have been built themselves in a position to be part of the rich people.
If we can get back in time to reflect a little bit, we can see that money don’t talk in growing process for many families life.
Or the only thing that a child have like a real advice from the parent is to go to school to get a degree after you will make enough money to live.
Unfortunately, so many kids get graduate every year few of them as find them to make enough of what they want to earn themselves.
The contradiction that we face in our life is we take advice from where and to whom that not even have themselves what they want and we think those people know enough to tell us what we suppose to do.
Everybody wants money, most people would like to be a millionaire but living and acting in the opposite site with falsifying statement on how to earn a million dollars.
There are unfortunately a lot of People that write and speak about the shortest way to become rich, and more teach how to become a millionaire without doing the effort necessary.
Now let see what it takes for Anyone to actually make your first million dollars
1- On of the first things that I have to learn from Grant Cardone on his episode How To Make Your First Million: Its never been easy to make a million dollars but if you think you can’t make it>
If you think it impossible then yeah it is impossible.
For the same saying that Will Smith on one of his interview, ” He who thinks who can’t or who think he can’t the both right”.
That fact is that many people in them lifetime have already make a million dollars. The average household income in the USA is at $50,500 time 20 years is $1,010,000. The average wage in Australia is $57,980 time 20 years 1,159,600. The average Salary in France is $54,720 time 20 years is $1, 094, 400 This is just a few countries.
After we facts what is the reality? The reality is how to retain millions that you probably had to make in your pass time working and how to track yourself to make millions of dollars from now?
2- We often hear that some of the programs out of there say saving money can make you rich. It crucial this concept to so many people that don’t know how to explain better what is that concept.
Instead of teaching people on how they should save isn’t be better to teach people on how and what they should be spending.
Its like teaching people how to play the lottery, wouldn’t be better to teach people to save that money tickets lottery to buy educational materials and books on how really to make themselves valuable to earn any amount of wealth that they desire?
They don’t even also teach how the value of the paper money decrease by time and even the banks take profit on your saving account somehow.
We need to learn from a good source to not fool yourself with wrong information.
From the great like how Warren Buff turns $40 into $10 million and the legendary in investing now have 72.3 billion net worth now in 2015.
3- You do not really necessary need to a college degree in order to become a millionaire, even worst a billionaire we have proof of Bill Gates the richest man in the world is a dropped out college.
That’s not mean that you shouldn’t attend your college degree but it’s just not an excuse to not either having a college degree or become one of the richest and wealthiest people in the world.
The truth that we have to highlight the same concept, all the wealthiest people are self-learner.
They constantly learn and from a good source of information not by the noises out of there, they discipline them mind and thought in a certain particular way that completely different from all the rest populations.
4- If there one point, a secret, gold nugget that you could find in the life of the most successful people in the know how to invest, they have learned well and mastered this point, they know how to invest In themselves, in the marketplace, in time, in life etc…
Robert Kiyosaki in his series Rich Dad Poor Dad make clearly approach with the important to left behind the bar of an employee to become an Investor.
That is one of the first things that every entrepreneur, everyone that aspires to become a millionaire need First to invest in learning about investing.
5- Live Beyond your mean I think many of us confused what mean. Some people think that it means you have to save more and others think that it means you have to spend less.
Both can right depend on your current situation that is what they never told you about on how you should live beyond your mean in the situation that you are in.
It never means what you should do or not, it never means in what you should save or not or even in what you should spend but I rather think like on HOW should you live.
6- Redirect the money automatically to Different Account. Some people don’t know what to do because they don’t have a strategy to do things and they don’t learn to calculate numbers.
You need to have an automated plan. where that you can send a portion of your earning somewhere that it does not even touch your hand. You need learn to pay yourself first and all the rest after.
An important source of automating your income in Money Master The Game by Tony Robbins. where he shows you what the best of the best have made. Ramit Sethi a highly recommend to check one show with a clear explanation how to take charge of your life on his book I Will Teach You To Be Rich.
7- We often hear this saying that becomes a popular quote: ” If you don’t know where are you doing, you will end up nowhere.”.
People don’t take time to know exactly what it will take for them to reach a million dollars? How long will it take them?
Do the math calculation to see clearly in numbers what will be for them to earn the first $1, 000, 000? That was one of the great points that I learn from Grant Cardone.
Some may don’t know the importance to put your mind in a place to do this little work of the mind. If you don’t know how many you need in a month, in a year, in 5 years how do you think you will know to get to 20, 30 years from now.
8- Many people get stuck in one place, one source, one thing and think that they are doing the right things to get the success that they really after.
Its one of the biggest mistake that I ever made trust only one source.
The faster way to accumulate a significant amount of everything you want it when you could have multiple sources to absorb, multiple flows, Cash flow those are the terms that you need to find a way to master.
A great source to learn about it is to play monopoly to find the lesson necessary.
As we start the road to becoming a millionaire is not easy there are a lot of risks that need to be taking. There is sometimes chance that you going to fail and make a lot of mistakes.
And I want to tell that all the people that ever achieve wealth and richest have been somehow failed and make a lot of mistakes, this is exactly how they have been gathering and gaining so much because they have learned what doesn’t as much what is working for them.
You need to be present and take advantage on the time you get, practice constantly your learning curve, going from failure and failures until you win as Mark Cuban put it that way” You just need to win Once.”
It doesn’t matter how many failures you had in the past.
Keep making the effort, the attempt and implementing the necessary things in other to see your progress and success that you could find on the way, this is how you could get your chance to become what you want to become.
Persistent will be in your favor because it will prepare you for when the opportunity comes.
Winston Churchill’s Put it in an easy understanding way right for everyone: “Success consists of going from failure to failure without loss of enthusiasm.”
Its The time to write down what you going to do from now to reach your target no matter what is it your numbers.
To earn more than what you have been earn, to become who you want to become and live a legacy behind that some many people can learn from your journey.
You can be a source to inspire others by reaching your goals and desire, accomplish your dream others can benefit so much from yours.
But you have proved yourself first that you are willing to commit, have a clear focus on extending yourself to be able to grab your share in this lifetime opportunity where you can create an immense impact in your life first and millions of others.
You Have all the necessary on how to make your first Million Dollars make it worth to gain it because of it much more valuable than any current conditions or place you are right now.
Great Relate Article. How To Make A Million Dollars