Eight slow, difficult steps to become a millionaire
Here are the steps I'd suggest. They're neither fast nor easy. Some information in it may no longer be current.
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Share Text Size Money of course isn't everything. 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 mine: "Success is making those that believed in you look brilliant.
Hard, cold, beautiful bendy stacks of cash. I know there are a lot of people that say money is evil and your nostrils will catch on fire if you want anything other than world peace, but usually—and pardon me for saying this so abruptly—they're usually not very good at making it. But there is plenty of money to make.
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?
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Story continues below advertisement Here are the steps I'd suggest. But, they're more likely to work than the quick and easy path. Stop obsessing about money.
A change in attitude is needed. And then work harder than you ever have before
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. So shift your perspective.
Start tracking how many people you help, even in a very small way. The most successful people I know — both financially and in other ways — are shockingly helpful.
They're incredibly good at understanding other people and helping them achieve their goals. They know their success is ultimately based on training strategies for binary options success of the people around them.
So they work hard to make other people successful: their employees, their customers, their vendors and suppliers… because they know, if they can do that, then their own success will surely follow. 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 you only have a few customers and your goal is to make a lot of money, you're incented to find ways to wring every last dollar out of those customers. Story continues below advertisement But when you find a way to serve a million people, many other benefits follow.
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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.
And, in time, your business becomes something you never dreamed of — because your customers and your employees have taken you to places you couldn't even imagine. Serve a million people — and serve them incredibly well — and the money will follow.
The psychology of making money.
See making money as a way to make more things. Generally speaking there are two types of people.
More money is better than less money, right? That is the conventional wisdom.
One makes things because they want to make money; the more things they make, the more money they make.
What they make doesn't really matter that much to them — they'll make anything as long as it pays.
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The other wants to make money because it allows them to make more things. They want to improve their product. They want to extend their line. The 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 is it difficult to make money of what is it difficult to make money love. They dream of building a company that makes the best things possible … and making money is the way to fuel that dream and build that company they love. Story continues below advertisement 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.