Topics like “Getting Rich” and “Becoming A Millionaire” can be a taboo conversation. Grant Cardone thinks this shouldn’t have been a taboo topic! He even proves it is possible! To live like a millionaire, you don’t actually need to have a million dollars in the bank. In today’s age, 99% of ‘millionaires’ actually don’t have such large amounts in the bank. Today, what it takes to actually be a millionaire takes more than being right on top of all your finances and investments! Being a millionaire can mean all sorts of things to people. In this post, we’re essentially going to look at a realistic path in which you can build up your wealth to a target beyond $1,000,000!
MULTI-MILLIONAIRE GRANT CARDONE EXPLAINS HOW TO BECOME A MILLIONAIRE BY AGE 30
THE 10 STEPS TOWARDS BECOMING A MILLIONAIRE
In today’s economic environment, you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. If you made $100 this month try and make $200 next month. Calculate how much you need to make every day to make $200 a month! (200/30= $6.67 per day)! Now focus on that goal every day! Follow the money throughout your day and figure out the opportunities in your life that can make you that $6.67 per day! If you fail today, add it up to your goal for the next day (aim for 13,34 the next day!). Follow the Money!
Don’t buy your luxury watch or car until your businesses and investments are producing multiple secure flows of income.Be known for your work ethic, not the trinkets you buy. Don’t Show off! Show Up!
The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything – not even an emergency. This will force you to continue to follow step one (increase income). Save to Invest, Don’t Save To Save!
4. Avoid Debt That Doesn’t Pay You.
Make it a rule that you never use debt that won’t make you money. Borrowed money for a car only because if you know It could increase your income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer. This is the difference between assets and liabilities! Assets generate more income for you, while liabilities don’t generate more income for you and sometimes can even cost you more money in the long run. Avoid Debt That Doesn’t Pay You!
Millions wish for financial freedom, and only those who make it a priority have millions. To get rich and stay rich, you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority. Treat Money Like a Jealous Lover!
- Grant Cardone
- Cardone Enterprises
- Edition no. 1st (01/01/1970)
6. Money Doesn’t Sleep.
Money doesn’t know about clocks, schedules or holidays and you shouldn’t, either.
Money loves people that have a great work ethic. Never try to be the smartest or luckiest person; just make sure you outwork everyone. Money Doesn’t Sleep.
7. Poor Makes No Sense.Eliminate any and all ideas that being poor is somehow okay. Bill Gates said to a group of college graduates, “It’s not your fault if you were born poor; it is your fault if you stay poor.” Poor Makes No Sense!
Related: Is Money the Root of All Evil? What Have You Been Taught About Money?
8. Get a Millionaire Mentor.
Most of us are brought up middle class or poor and then hold ourselves to the limits and ideas of that group. Get your own personal millionaire mentor and study him or her. Most rich people are extremely generous with their knowledge and their resources. Get a Millionaire Mentor!
9. Get Your Money to Do the Heavy Lifting.
Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work. If you don’t have surplus money you won’t make investments.
Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting. Get Your Money to Do the Heavy Lifting!
10. Shoot for $10 million, not $1 million.
The single biggest financial mistake people make is not thinking big enough. We encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough. Apply these 10 steps and they will make you rich. Steer clear of people who suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up and once you make it, be willing to help others get there, too. Shoot for $10 million, not $1 million!
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Let us know when you get there. Be great. Nothing else pays. Shoot for $10 million, not $1 million!