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7 Things To Know In Order To Be A Millionaire. - Nairaland / General - Nairaland

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7 Things To Know In Order To Be A Millionaire. by taofeeq137(m): 7:32pm On Dec 05, 2014
1) BE YOUR OWN BOSS
Although there’s no guarantee that self-employment will earn you a
million dollars, it’s really unlikely that working for someone else
will get you there either. There are very few jobs that pay million
dollar salaries.
Don’t quit your day job tomorrow to launch a business, however.
Instead, consider keeping your day job while you start a business
on the side.

"Mind your busines"- Robert T. Kiyosaki.

You’ll have the security of your current salary along
with an opportunity to create a business where you can earn extra
cash.

2) LEARN TO TAKE RISKS
People don’t become millionaires without taking risks. Taking
a risk doesn’t mean you need to invest all your money into a
single investment or that you need to gamble earnings foolishly.
However, taking calculated risks is often part of good money
management. No one gets rich on the interest they earn from the
bank. Instead, millionaires know how to invest the interests wisely.

3) BE CREATIVE AND TAKE ACTIONS ON YOUR GOOD IDEAS
It’s one thing to come up with million dollar ideas, but a
completely different thing to act on them. If you are more a
dreamer who never puts his money where his mouth is (all talk and no action), you will
never get rich. Millionaires don’t sit around and watch others
advance in life. They take action to help them reach their goals.

4) MANAGE YOUR MONEY WISELY
The average person has the potential to become a millionaire in
today’s world. Sound investments, a solid budget, and clear goals
can mean that a person who earns an average salary can become
a millionaire by retirement.
If you don’t manage your money wisely now, however, it’s
unlikely that you’ll be able to handle a million dollars with good
sense. Establish a budget and create goals for yourself to help you
save money now.

5) SET GOALS FOR YOURSELF
People who don’t have clear goals aren’t going to make smart
money decisions. You need goals to help you save money and
invest wisely.
Create goals, such as getting out of debt or saving up for a vacation
home. Creating goals will help you determine whether or not you
should spend your money on other things that come up in the
meantime. If you’re saving with a specific goal in mind, it’s much
easier to say no to tempting opportunities to spend money.

6) PUT IN A LOT OF TIME, EFFORT AND ENERGY
No one makes a million dollars by watching TV or sleeping 12
hours a night. Unless you’re lucky enough to win the lottery or
inherit a windfall, becoming a millionaire takes hard work.
Millionaires consider the time and energy they put into a project to
be an investment. They understand they won’t get immediate
results but are willing to put in the hard work it takes to see the
fruits of their labor. Learn how to manage your time wisely so you
can become more productive with your efforts.

7) ASSOCIATE WITH THE RIGHT PEOPLE
You won’t become successful in life if you spend time with lazy
people who aren’t interested in managing their money wisely.
However, if you surround yourself with energetic, successful
people, it will rub off on you.
Develop relationships with successful people in your community.
Look for people who can mentor you in your efforts to manage
your finances, invest wisely, or build a business. Spending time
with others who share your goals can help fuel your passion and
efforts to become a successful millionaire.

Note: Everyone might know these, but not everyone is bold enough to take actions on them, probably me inclusive.
Re: 7 Things To Know In Order To Be A Millionaire. by motherlode: 7:45pm On Dec 05, 2014
Ok goodluck cheesy
Re: 7 Things To Know In Order To Be A Millionaire. by acenazt: 7:46pm On Dec 05, 2014
Hhehheeh I love taking risks. even Put my hand in a crocodile's mouth to take out my Ball. hmmmmmm stinking bascard
Re: 7 Things To Know In Order To Be A Millionaire. by taofeeq137(m): 7:54pm On Dec 05, 2014
acenazt:
Hhehheeh I love taking risks. even Put my hand in a crocodile's mouth to take out my Ball. hmmmmmm stinking bascard

ok
Re: 7 Things To Know In Order To Be A Millionaire. by Ploy(m): 8:06pm On Dec 05, 2014
What about money rituals, baba ijebu and .... enm what is that other one?

Thank you @op, may you walk and never stumble, may your dayz be long and may you become rich like us, me and Dangote
Re: 7 Things To Know In Order To Be A Millionaire. by Fabdedon(m): 8:09pm On Dec 05, 2014
Noted will put the to practise thanks for that

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