Multimillionaire the self-made way: 7 steps to getting there

Posted on 06-26-2015 by Sudip Chaudhuri
Tags: change , career advancement , Upgrading Your Skills , career management , productivity

We all have dreamed that we were a millionaire, but for some of us dreaming about was just not good enough. For those of you who want to reach that dream, Entrepreneur has 7 steps to getting there.

1. Decide to Be A Multimillionaire

The first thing you have to do is decide you want to be a self-made millionaire.

2. Get Rid of Poverty Thinking

Get rid of poor thinking like "Eat all your food; there are people starving," "Don't waste anything," "Money doesn't grow on trees." This can cause fear. Wealth doesn’t come from these kind of thoughts.

3. Treat It Like A Duty

When things get tough, self-made multimillionaires raise expectations for themselves because they see the difference they can make with their families, company etc.

4. Surround Yourself With Multimillionaires

Know what people are doing to create wealth and follow their example: What do they read? How do they invest? What drives them? How do they stay motivated and excited?

5. Work Like A Millionaire

The wealthy know time is more valuable than money itself. As a result they hire people for things they're not good at or aren't a productive use of their time. These people are consumed by their hunt for success.

6. Shift Focus from Spending to Investing

The rich will not buy things, but invest in them. While you buy a house and can't write it off. The rich, on the other hand, will buy an apartment building that produces cash flow, appreciates and offers write-offs year after year.

7. Create Multiple Flows of Income

The rich never depend on one flow of income. Instead, they create a number of revenue streams.

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