How to Become a Millionaire
Do you know that you can become a millionaire in a short period of time? Do you know there’s a hidden shortcut to being wealthy and financially free?
And you don’t have to work like a slave for someone else for 40-60 hours a week, only to grow old to find out that you have wasted all your life in your job – making money for your boss.
If you have looked at other websites, then you need to know that most of them are sharing with you the TURTLE path to become a millionaire. Which means that you will only become a millionaire in 20-30 years.
Here are some of the common advices you always hear…
Get a good degree, get a high paying job, save 10% of your income, buy stocks, live beyond your means, clear your credit cards…
But do you know where do you end up with using these advices?
Most of the time, you’ll end up becoming a millionaire when you are 70 years old. And this is because these advices only helps you to become a millionaire after decades of savings.
If you want to become a millionaire within 1-5 years, you would need to find out the SHORTCUT path. And this is what our website would be working towards to help you become a millionaire in 1-5 years time. Unless you don’t mind becoming a millionaire at the age of 70 years old.
Ultimate Millionaire Formula
There is one formula that can help you to become a millionaire. If you are constantly improving yourself through reading self-improvement books, you, you might be familiar with this formula.
These are the 4 steps to move towards being a millionaire. We always start off with the right mindset. Have you ever wondered why a friend is able to become a millionaire easily while another friend is struggling just to survive?
Millionaire Principle #1: Millionaire is a result, so what is the cause?
Millionaires become millionaires not because they sit down there and do nothing, but because they have planted the seeds that produce the millionaire fruits. We need to change our inner state before we can change our destiny.
And the number #1 myth about becoming a millionaire is that if you are going to work for a job that pays you $1,000 – $4,000 a month, you’ll never become a millionaire in 10 – 20 years.
If you would like to know more about millionaire mindset, subscribe to my newsletter or read more in this website.
Millionaire Strategy #1: Goal of $1,000,000 = Number of units sold + Profit Per Unit
This is one of the most critical factor of becoming a millionaire the fast way. It is not by investing in mutual fund or unit trust, nor is it by saving hard to make a million but rather it is by the formula above.
If you can make a profit of $1 for selling Product X, then you need to sell 1,000,000 units of Product X to make a million.
You make a profit of $1 because the value of you selling product X is worth $1. If you can provide more value, then you can increase $1 to a larger profit margin.
For you to sell a million units all by yourself, then it will take you a very long time. You would need to leverage on vehicles for you to sell a million units and the best vehicle is using the internet. As you can reach out to millions of people from the internet, there is no problem hitting a million units of sale.
Hence this is the reason many common people become millionaires by leveraging on the internet to reach out to the world. Of course, internet is not just the only way for you to reach out to a million people, there are other ways for you to do so. But internet provides the lowest cost to reach to out to the world.
Take Massive Action
To become a millionaire, you need to take massive action to work towards it. Simply by dreaming to become a millionaire won’t help you at all. You need to prepare to work 60 hours a week to become a millionaire.
You would also need to find out ways on how you can increase your value by increasing your product value, and also tap on different mediums to reach out to more people.
Does it mean that you will definitely succeed when you take massive action?
No, it doesn’t happen that way, you will definitely fail along the way, but as long as you treat it as a learning experience and improve on your strategy, you will definitely succeed.
That is why you see the feedback loop towards the strategy in the diagram above.
Who Is A Millionaire?
To be able to become a millionaire, you must first understand the truth about money and the significance of money. How is money created in the first place? Why do we need money?
Before someone invented money, man used to trade things with each other for foods, clothes, and even other items. Like if you want oranges and you only have apples, you can trade your apples with someone who have oranges. But what if the person who has oranges don’t want any apples, how are you going to get your apples?
In the end, money is being created where we can use it to buy things. As money can be used to buy other items, it becomes very convenient for trading to take place between one another. No longer do we need to exchange apples with oranges when the other person don’t want oranges at all. They can now trade with money where they could use the money for buying other items.
But here’s another question, can we use an orange to buy a house?
This is an obvious question that I’m sure you know the answer. That’s because the value of an orange doesn’t worth the value to buy a house.
And that goes with becoming a millionaire too. In order to become a millionaire, you, as an individual, need to be able to produce value of worth a million. The reason why most people are a millionaire after 10-20 years is because they take 10-20 years to produce the value of a million dollar.
Hence, in this website, we hope to show you how you can accelerate this path so that you could become a millionaire in just a year or a few years.
No Exact Prerequisites
You might be wondering: Am I cut to be a millionaire? There’s an easy way to find out. Just go ask yourself the following questions:
- Do you have millionaire relatives?
- Did you do well in school?
- Haven’t you experienced financial problems before?
- Do you have an office job?
If you answered “no” to each of the questions, then you are definitely one of the best candidates to become a millionaire. None of the factors above really matter.
According to studies, majority of millionaires did not inherit their riches, were “C” students, have had financial crises before, and do not work for someone else. So if you’re dreaming of becoming a millionaire one day, well, maybe you are on the right path after all. But don’t just dream about it, act to get it!
No Stoke of Luck Needed
Perhaps nothing else would hurt the feelings of a millionaire than being told he or she just got lucky. While it’s true that some people became instant rich because of winning the grand prize of the lottery or a TV game show, the “real” millionaires, on the other hand, worked so hard to get to where they are.
Such millionaires didn’t just wake up one day to see and enjoy a hefty amount of cash in their bank accounts. It took them time and energy, and even some failures, along the way to fortune. Being a millionaire is not about having good luck; it’s about making good choices on your way there.
No Undisclosed Secrets
Of course every millionaire might have put in a little trade secret of their own, but the truth is, there are really no known secrets to becoming one yourself. Even millionaires themselves are very much enthusiastic about sharing their life experiences, in their attempt to help out others also reap financial success.
If you’ve been consistently following tips on how to become a millionaire and still not getting there, it may only be because of two things: you’re not patient enough, or you’re picking up the wrong tips all this time. So if your become-a-millionaire strategies right now involve getting into large-scale businesses you’re not too keen about or trying to be too much like a popular millionaire without adequate research, then you may be treading the wrong path since the start.