Sunday, April 12, 2009

How To Be A Millionaire

Have you ever noticed that wealthy people aren't always the most educated, the most hardworking, or even the smartest? What makes them different is that they have a millionaire mindset and you have to nurture the traits of a millionaire to be one step closer to become a millionaire yourself.The subconscious mind is so powerful that what you perceive is true will become true.

A few important mindsets of Millionaire are:
  • Integrity
  • Dare to dream big
  • Focus mind
  • Sustained Unwavering Belief
  • Self Confidence
  • Clear vision
  • Definite plans
  • Doing what is right at the right time
  • Ready to learn and invest on learning
  • Generous in sharing their thoughts

Here is a slow and steady way of becoming a millionaire at your age of retirement.You can invest a portion of your money every year (at least $2,000) into a secure investment that has a return of around 20% a year and do it consistently for at least 25-30 years and you'll automatically become a millionaire by the time you retire. The key is to start investments at a young age as time is indeed money. Its important to multiply your cash through some stable and low- risk investments as the interests of saving account are just too low to keep up with the inflation. The power of compounding can make you a millionaire.

The following are 29 faster ways of becoming a Millionaire:
1.Write a bestseller. Look how the Harry Potter series made J.K Rowling progressed from living on welfare to U.S Dollar Billionaire status within five years.
2.Stock / Options/ Forex / Commodities trader
3.Own an Internet Business e.g Amazon
4.Venture Capitalist
5.Franchise Owner e.g KFC, McDonald
6.Become a celebrity e.g Athlete, Entertainer, Model
7.Real- estate developer
8.Executive positions such as CEO, COO, CFO, director in large corporations
9.Create a popular websites. E.g Mark Zuckerberg created Facebook, online social networking website.
10.Collector of valuable antiques or paintings
11.Inheritance
12.Start a Technology company to fill a demand/solve a problem etc.
13.Be a seminar/motivational speaker or guru
14.Business owner
15.Sell Infomercial products
16.Scientist
17.Own a Winning Sports Team
18.Salesperson
19.Financial Advisors with wealthy clients
20.Coaches of Sports Teams
21.Gambling/Lottery or World Series of Poker Tournament
22.Inventor
23.Annuities Sales
24.Top TV anchor e.g Larry King
25.Fashion Designer
26.Famous song writer
27.Famous screenwriter/ film producer/ director
28.Consultant
29.Celebrity Trainer

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