Published by Selby Webb
Co-founder, Editor and Head of Marketing of SuccessField
1 year ago
It’s never too late and definitely never too early to possess a seven digit account. There’s no guideline to success, but there’s a path. Here a three important things you can do, which can enable you to become a millionaire before you turn 30.
If you take a closer look into the biography of rich people, you’ll notice that they never really put their focus on precious metals or paper currency. Sociologist Thomas Druyen has spoken to many wealthy individuals and tried to figure out how their mindset towards money is. In general, most of the millionaires barely cared about it. The interviewed targets, mostly entrepreneurs, put their focus on turning their vision into reality.
If you want to make a lot of money, don’t focus on money at all. The best example are lottery winners, who spent all of their won money within three to four years. This statistics applies to 70% of them.
Just thinking about it makes it almost impossible. Imagine all of your friends laying back in the hot sun in the Bahamas during a summer day. They must be enjoying their holiday. So why should you avoid doing the same? It’s simple. Because just like your friends, you’ll be able to enjoy that level of luxury only for a few weeks. After that, you’ll be back to work and start from square one.
A rich man can play broke forever, but a broke man can’t play rich for a long time.
We all love vacation, but not all of us deserve it. This is a very direct and offensive statement, but it’s the truth. Set milestones for your success and only take a vacation when you have reached or surpassed them. Don’t travel only because the season has come. Summer repeats itself every year, so does winter. A real ambitious person takes a break when he’s done, not when he’s tired.
Just to make themselves feel better, unsuccessful people tell themselves that most of the rich people inherit their wealth. Let’s take a look at Germany: 80% of the millionaires over there earned their net worth and didn’t inherit it. But did everyone of them work that hard so that he/she could make all of this money? What many people don’t see is the benefit connections to these kind of people can do for someone. The best example is Mitt Romney. The former presidential candidate accumulated an estimated net worth of $250 million. According to his statements, he made all of the money by himself. Even though his father was a very wealthy man, Romney “only” got half a million, this statement can’t be referred to as wrong. Romney really earned the rest of the money all by himself. However, he didn’t mention the rich contacts his dad enabled him to connect with. We’re not trying to put a negative light on his success, but we’re trying to open people’s eyes. Kids of people with great influence have a better chance to turn into people with great influence. If you have a chance to benefit, stop wasting time and use your opportunity.
The younger you are, the higher the chance that you don’t carry a lot of weight on your shoulders. These weights can be in the form of a child, burden, debts etc. If you still live at home with your parents, have a stable job and a great business idea, why not risk it? What can you lose? Only money! An entrepreneur who doesn’t try only because he’s afraid of loosing money doesn’t have enough faith in his business. He’s not even worthy to be called an entrepreneur. The term “wantrepreneur” suits people like this better. Take the risks not only because you want to be successful, but also because you’ve got not much to lose.
If you take no risks, you will suffer no defeats. But if you take no risks, you win no victories.