how to become a millionaire the reality
of the world is that whether young or
old jobless are employed we all desire
to be rich a look at some of the world's
richest people gives us a peek into the
kind of lifestyles we all wish we had
unfortunately only a few of us ever
really get there which means there are
certain skills that the rich apply in
life that most of us don't could it be
that we're not following the right
principles or maybe we're simply not
smart enough or is it that we're just
too afraid to give entrepreneurship and
the possibility of living the good life
a shot sure it's true you could lose all
of your money your job and even become
bankrupt while pursuing your dreams so
the question then becomes is your
financial freedom worth it the truth is
that the transition between converting
your money ideas into practical methods
is daunting it's quite easy to look
the wrong family or that we don't have
the necessary connections capital or
skills to fulfill our dreams for most of
us it's easy to believe that getting a
seven-figure income could only come from
holding a position such as a CEO or
manager in an extremely successful
company which is obviously impossible
for everyone this means that to become
financially free you have to become
either self-employed an investor a
business owner or a successful
entrepreneur so in this video I'm going
to share with you some of the traits and
habits that millionaires use to become
rich and successful which you can borrow
and apply in your life to help you on
your journey to financial freedom
number one mindset is everything though
highly repeated the mindset concept is
still very poorly applied among most of
us remember that your environment is one
of the key determinants of who you
become in the future for most of us
becoming rich or financially free rarely
crosses our minds for very long even
when the thought does occur it's mostly
a fleeting fantasy of what life could be
in another world our schoolmates friends
workmates gym partners the people around
us and who we socialize and interact
with are most likely in the same
financial bracket that we're in which is
most likely living paycheck to paycheck
or if they're lucky just getting by so
we have nothing to measure up to except
the little we see around us some of us
even have role models who are not
wealthy or if they are wealthy they're
probably some form of Playboy a
celebrity a muse
a artist or someone who recently made it
filthy rich and what all these people do
is show you their nice big houses their
posh cars and jewelry they're amazing
quote unquote fun life filled with
amazing parties every weekend and just
an amazing attractive life that we all
dream of having and what do we do we eat
all of it up although I've got nothing
against these people they never give you
the full picture and besides they're
simply not good role models to look up
to in your financial journey you should
instead be inspired by people like
Warren Buffett Bill Gates Steve Jobs
Rockefeller Phil Knight Oprah Richard
Branson and Robert Kiyosaki just to name
a few read their books and
autobiographies watch their
documentaries and be inspired by their
often humble beginnings some of these
folks started with almost nothing
there's a lot that we can learn from
them you can also get inspiration from
your local entrepreneurs your role
models don't necessarily have to be
millionaires or billionaires it could
even be your next-door neighbor so have
a chat with them find out things they
are doing to make that extra dollar it
could surprise you they might even be a
business owner who wouldn't mind
mentoring you visit your local bakery
supermarket owner restaurant owner or
any person that you admire ask to meet
them they're usually more than willing
to share their stories of how they
started or maybe even mentor you it's
worth a shot and you won't lose anything
by trying consider the case of Adam
Horowitz the developer of mobile
monopoly no not the game but a tutorial
for learning mobile marketing at 15 he
had one goal in mind and that was to
create a million dollar company by the
time he was 21 as unbelievable as it
seemed at the time Horowitz continued to
challenge himself and by the time he was
18 he successfully reached his
million-dollar goal his platform teaches
businesses how to generate money by
earning mobile marketing leads this is
just one example of a person a child to
some who had a goal in mind and who was
able to discipline himself focus and
with hard work achieve his goal so
achieving our dreams is in fact very
possible but changing your mindset is
the very first step to achieving your
dreams number 2 indecisiveness in
becoming successful while many of you
have pictured owning a business or
becoming self-employed you do not see
yourselves becoming extremely successful
entrepreneurs you limit your thinking to
a certain extent where you feel life is
just
okay and okay is good enough but this is
seldom true your social conditioning
could be the reason you're still in an
old job that you hate or the same reason
you've never made plans to pursue what
you love perhaps you have never imagined
self-employment as a way of bringing
value to the world successful
screenwriters authors actors bloggers
business owners and entrepreneurs create
something of value that impacts people's
lives so much that people are always
willing to pay them for the services or
product they are selling by doing this
they bring value to the world which the
world then rewards them with riches
popularity and high status to become
rich you have to bring value to the
world Elon Musk said we are rewarded for
the difficulty of tasks we solve so if
there is a huge problem in the world and
you solve it you will most likely become
very very rich
number three having low self-esteem
towards business okay so it's quite easy
to always postpone or blame other
factors for not pursuing your goals for
financial freedom and independence right
sometimes you might feel you lack the
right education the necessary skills the
money or that the economy isn't doing
that well so you keep postponing your
plans hopefully things will look better
next year you tell yourself but the
reality is it most likely won't these
are all excuses that people continually
give themselves and end up wasting time
and never pursuing their dreams take the
example of John Kuhn a chinese-american
entrepreneur artist and fashion designer
who started out by selling spare car
parts
he even supplied the TV series pimp my
ride with spare parts he then proceeded
to sell merchandise to renowned artists
such as jay-z and jay-z making his first
million at the tender age of 16 his
interest in efforts in fashion have seen
him become a millionaire worth over 40
million dollars responsibility should be
taken for all actions emotions job
career and all aspects of life putting
off the idea of venturing into your own
business for a day turns into weeks then
months then years and before you know it
an entire lifetime your own choices are
limiting you from being the best you can
be if you truly desire to be wealthy and
move from making maybe $30,000 to maybe
$50,000 a year you need a strategic plan
to make the extra 20,000 if your job
won't offer you a promotion then it's
your personal responsibility to venture
out on your own and find a business or
investment that will make you the extra
cash
becoming financially free takes time and
dedication and postponing the agenda
will not bring you any closer to your
dream number four
prioritizing everything else over your
dreams we always find something to
interrupt our plans right a party with
our friends third job an entire day with
our girlfriend or friends or maybe it
could be our family there's nothing
wrong with creating bonds with those
close to us however you have to set
aside time to work on your own projects
if you don't absolutely have to attend
the party next door don't if you can
reduce the amount of time you spend
talking to your friends do it and
explain to them that you have a personal
goal you'd like to achieve there are too
many distractions around us and by not
prioritizing our dreams we eventually
lose focus the rich know that they have
to make this sacrifice because
everything comes at a cost
especially your dreams prioritizing your
dreams also means that you need a solid
plan and procedures to follow people do
not become the best by doing everything
the same way other people do likewise
you need techniques mindsets and
routines that put you ahead as you plan
to be successful keep a healthy attitude
and self-will to push yourself forward
you also need to see the long-term
picture and dedicate more of your time
towards progressive economic success
number 5 become an independent thinker
standing out means that you need to be
unique in what you do and it all begins
with what you think social conditioning
is easy and at times difficult to escape
since we all want to belong someplace we
all want the latest clothes the latest
shoes the newest car model to go to the
same church service and even attend the
same schools group mentality is further
extended into what we consider
achievable acceptable and what is not to
become financially free you need to
think independently you need to start
creating your own answers and solutions
instead of relying on other people to
provide them for you you need to be
inquisitive and challenge the status quo
you also have to stop following others
blindly and know which advice to follow
or disregard being different may be
difficult sometimes but it's also an
important part of becoming rich number 6
maximize your time there's a poem by
Willy jolly that I like quite a lot and
it goes like this I only have just a
minute only 60 seconds in it forced upon
me I can't refuse it I didn't seek it I
didn't choose it but it's up to me to
use it I must suffer
lose it give a count if I abuse it just
a tiny minute but an eternity in it you
see folks the rich think big and the
poor think small the poor and middle
class are unfortunately the people who
spend an extra hour or two running
around a store looking for a 5 percent
discount on a shirt saving only a few
dollars a rich person does not think
like this
a rich person is thinking how can I
improve myself and make my time more
valuable so that one hour of my time
could be worth thousands of dollars
instead of just a few dollars time is
the most valuable asset we have and it's
important to use it wisely
number 7 manage your money rich people
manage their money well poor people do
not manage their money well for example
when a poor person wins the lottery and
this is usually the case because
wealthier people do not usually buy
lottery tickets
a lot of the time they will lose the
money very quickly because they have no
idea how to manage their money if you
want to be financially successful you
need to learn when to save and when to
spend an opportunity might come along
for you to invest in something but if
you have no money in your bank account
you will not be able to number 8 never
stop learning this eighth principle is
the one that will really surprise you
believe it or not very rich people
typically do not have much of an ego the
moment when you think you know
everything is the moment when you stop
learning rich people constantly learn
and grow poor people think they already
know everything rich people are always
trying to surround themselves with
people who are smarter than they are
the reason why they do this is because
they were always trying to learn more
and more and they are never content poor
people tend to think they already know
everything and they stop learning the
rich understand that learning never
stops they understand that in order to
grow and maintain their wealth they must
keep learning and educating themselves
on best practices and strategies to
pivot themselves in their enterprises to
the next level and lastly I personally
believe that this last critical tip is
the most important but often overlooked
or seldom mentioned piece of the success
puzzle it's so critical that even the
likes of Warren Buffett and Bill Gates
have cited this habit is the reason
they've amassed large fortunes and
success you need self-discipline you
need focus self-discipline is the only
habit that will guarantee success in
your life it's not easy to master
I often struggle with it myself but if
you do master it I can almost guarantee
that you will succeed in whatever you do
thank you guys so much for watching and
I will
see you in the next one
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