Relaxing vacations on the French Riviera, huge donations to your favorite charity and an early retirement. These are the kinds of things people think of when they hear the word “millionaire.”
It’s unlikely you’ll ever experience that. Sorry.
Unless, of course, you can overcome the following four roadblocks stopping you from achieving millionaire status. Each roadblock below also offers an “immediate action step” to help you overcome the things holding you back. Let’s get started.
1. You don’t understand how money works.
Money is not a complicated topic, but still, few seem to really understand how it works. Do you? Sure, you can blame the school system or your parents, but the responsibility is still on you to figure out how money is made, how it is held, how it is invested and how it is preserved.
2. You don’t value your education.
I get it: you are busy.
You have 25 hours of work to do every day and there simply isn’t enough time to get it all done. That’s the life of an entrepreneur, so something needs to be sacrificed. Chances are, you are sacrificing your continuing eduction, and it’s severely hurting your chances of becoming a millionaire. Wealthy people never stop learning, despite the business in their life.
3. You live to your means.
What are you doing with your extra money each month?
I know, you probably don’t have any left over. Your boss doesn’t pay you enough. Your company hasn’t taken off yet. Or whatever other excuse you have. But let’s face it: you are spending too much money. I don’t care how much you make — it doesn’t matter. Everyone lives to their means. You could make $2,000 per month or $20,000 per month and you’ll still be broke.
The millionaires I know have made a conscience decision to live on less than they make. Instead of upgrading their life every time they make more money, they choose to put that extra cash to work for them through various investments, such as their business, stocks, real estate or other assets, which I’ll talk about next.
4. You don’t collect assets.
A job will never make you rich. Neither will saving all your cash in a coffee can. So how can you build that wealth?
Start collecting assets.
An asset, as defined by Investopedia.com, is “a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.”
Millionaires collect assets. It’s as simple as that. Do you?
Everyone dreams to be a millionaire one day, but not everyone is taking the step to be a millionaire. You cannot achieve millions overnight, you will need to start from somewhere. to start making money today, CLICK HERE
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