And effective. By Jeff HadenContributing editor, Inc. Or a multimillionaire. Or hey, even a billionaire.
Why not? The goal is clear Dharmesh sees a clear, if slow and difficult, path to becoming a millionaire--or to reaching whatever level of financial success you aspire to. Here's Dharmesh: Money of course isn't everything.
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Not by a long shot. Where your definition of success is concerned, money may rank far down the list. Everyone's definition of "success" is different. Here's my definition: Success is making the people that believed in you look brilliant.
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For me, money doesn't matter all that much, but I'll confess it did at one time probably because I didn't have very much. So let's say money is on your list. And let's say, like millions of other people, that you'd like to be a millionaire. What kinds of things should you do to increase your chances of joining the millionaire's club?
Here are the steps I'd suggest. They're neither fast nor easy. Stop obsessing about money While it sounds counterintuitive, maintaining a laser-like focus on how much you make distracts you from doing the things that truly contribute to building and growing wealth.
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So shift your perspective. See money not as the primary goal but as a byproduct of doing the right things. Start tracking how many people you help, even if in a very small way The most successful people I know--both financially and in other ways--are shockingly helpful.
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They're incredibly good at understanding other people and helping them achieve their goals. They know their success is ultimately based on the success of the people around them. So they work hard to make other people successful: their employees, their customers, their vendors and suppliers And they will have built a business--or a career--they can be truly proud of.
Stop thinking about making a million dollars and start thinking about serving a million people When best advisors trading robot only have a few customers and your goal is to make a lot of money, you're incented how to quickly make a million without investments find ways to wring every last dollar out of those customers.
But when you find a way to serve a million people, many other benefits follow. The effect of word of mouth is greatly magnified. The feedback you receive is exponentially greater--and so are your opportunities to improve your products and services.
You get to hire more employees and benefit from their experience, their skills, and their overall awesomeness.
Serve a million people--and serve them incredibly well--and the money will follow. See making money as a way to make more things Generally speaking, there are two types of people. One makes things because they want to make money; the more things they make, the more money they make.
Get the Course Learn More 3. A k also lowers your taxable income. Some employers offer to match. Even if you have high-interest consumer debt, like credit card debt, you should invest enough to get the match because it is free money! Your employer will offer you a few choices of different investments; most plans are made up of mutual funds that include stocks, bonds, and money market investments.
What they make doesn't really matter that much to them--they'll make anything as long as it pays. The other wants to make money because it allows them to make more things.
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They want to improve their product. They want to extend their line. They want to create another book, another song, another movie. They love what they make and they see making money as a way to do even more of what they love. They dream of building a company that makes the best things possible While it is certainly possible to find that one product that everyone wants and grow rich by selling that product, most successful businesses evolve and grow and, as they make money, reinvest that money in a relentless pursuit of excellence.
But how do we use that money to boost our finances? You either have to save diligently, make a lot of money on a business deal or invest. Creating real security requires saving a lot more than you think. It's also expensive to continue growing a business after it's successful. That's why I'd invest.
Do one thing better Pick one thing you're already better at than most people. Become maniacally focused at doing that one thing. Be ruthlessly self-critical, not in a how to quickly make a million without investments way but to ensure you continue to work to improve every aspect of that one thing. Financially successful people do at least one thing better than just about everyone around them.
Of course it helps if you pick something to be great at that the world also values--and will pay for.
Excellence is its own reward, but excellence also commands higher pay--and greater respect, greater feelings of self-worth, greater fulfillment, a greater sense of achievement Make a list of the world's 10 best people at that one thing How did you pick those 10? How did you determine who was the best? Options trading lesson did you measure their success?
Use those criteria to track your own progress towards becoming the best.
If you're an author, it could be Amazon rankings. If you're a musician, it could be iTunes downloads.
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If you're a programmer, it could be the number of people that use your software. If you're a leader, it could be the number of people you train and develop who move on to bigger and better things.
If you're an online retailer, it could be purchases per visitor, or on-time shipping, or conversion rate Don't just admire successful people.
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Take a close look at what makes them successful. Then use those criteria to help create your own measures of success. And then Consistently track your progress We tend to become what we measure, so track your progress at least once a week against your key measures. Maybe you'll measure how many people you've helped.
Maybe you'll measure how many customers you've served.