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.
My income was $3,000 a month and nine years later it was $20,000 a month.
Start following the money and it will force you to control revenue and see opportunities.
2. Don’t show off — show up!
Stop showing us the luxurious life you are living while deeply you know you are a Slave:
A slave to your own business, You need to create passive income.
I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire.
Be known for your work ethic, not the trinkets that you buy.
3. Save to invest, don’t save to save.
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).
To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.
In a real-life situation, the poor Save to save while the rich get their savings in form of loans to invest and get profit out of it.
That is the truth that most start-ups are not aware of.
This can be hard but you should keep in mind that Success takes sacrifice.
At times we should be ready to lose our most precious things in life. 😥
4. Avoid debt that doesn’t pay you.
Make it a rule that you never use debt that won’t make you money.
Why take a loan to buy a luxury car instead of investing and increasing your Asset column?
Rich people use debt to leverage investments and grow cash flows.
Poor people use debt to buy things that make rich people richer.
5. Treat money like a jealous lover.
Millions wish for financial freedom, but only those that 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.
6. Money doesn’t sleep.
Money doesn’t know about clocks, schedules or holidays, and you shouldn’t either.
Money loves people who have a great work ethic.
When I was 26 years old, I was in retail and the store I worked at closed at 7 p.m. Most times you could find me there at 11 p.m. making an extra sale. ~Grant – International Sales Expert
Never try to be the smartest or luckiest person — just make sure you outwork everyone.
I have had just enough and that sucks almost as bad.
Eliminate any and all ideas that being poor is somehow OK.
Bill Gates has said, “If you’re born poor, it’s not your mistake.
But if you die poor, it is your mistake.”
8. Get a millionaire mentor.
Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group.
I have studied millionaires to duplicate what they did.
Get your own personal millionaire mentor and study them.
Most rich people are extremely generous with their knowledge and their resources.
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.
The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last 10 years. My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to give me income.
Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.
Most business owners have automated their selling by using Resources like ConvertKit, Ready-made websites or anything that makes them use less effort but make more money.
You Can invest your money here and start a solid online business!
10. Shoot for $10 million, not $1 million.
Your brain is capable of great things when you put your idea to work. What once seemed a dream can turn to be a reality.
The single biggest financial mistake I’ve made was not thinking big enough. I urge 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. -Grant Cardone from Entrepreneur.com
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.
See you, Future Millionaire!
Grant Cardone is an internationally-renowned speaker on sales, leadership, real estate investing, entrepreneurship and finance whose five privately held companies have annual revenues exceeding $300 million.
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