8 Steps to Become a Millionaire

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This is YOU!

Like everyone else, you probably live paycheck to paycheck.

If you read this, you probably want more from your life than it already offers you.

Maybe you do not want to become a millionaire, but for sure more money would help.

So now, you are not like everyone else anymore; you want access to additional sources of income. You are part of a different branch.

Your dream is 100% achievable as long as you put extra effort into reaching it.

Did you know that in the past year, over 500,000 families became millionaires? Now it’s YOUR turn.

Before beginning your journey to becoming a millionaire…

…you have to realize a few things:

  1. Only saving money won’t make you rich;
  2. Being rich won’t bring you happiness;
  3. It would be best if you had a strategy to reach your objective.

According to Grant Cardone, there are ⇓

8 Steps for Becoming a Millionaire

  1. Deciding to become a millionaire;
  2. The millionaire’s math;
  3. Increase your income;
  4. Ask yourself, “Who has got my money?!”;
  5. Stay broke;
  6. Save to invest. Don’t save to save;
  7. Multiple flows of income;
  8. Repeat, Reinforce, Hyperfocus.

Step 1: Deciding to become a millionaire

We’ve been taught to play on defense with our money, be grateful for what we have, and make our money last longer. But these can limit your earning potential.

As Cardone says: “Being rich and being happy have nothing to do with each other.”

Before becoming a millionaire, you first have to decide that you’re going to be one.

Once you make the right decision, your mind will be more inclined to do the necessary things to reach its ideals.

Did you know that 80% of the rich people became rich on their own?

This means that 80% of them weren’t born with a silver spoon to their mouth.

Initially, they were like YOU and ME!

But, they decided that they will succeed in their inquires and put in the effort to achieve it.

How do you do that?

First of all, you have to change your poverty mindset.

So they began to fight every problem they met and stop retreating into their comfort zone when a challenge would hit them.

This way, they managed to overcome their obstacles on their path to abundance.

Now YOU have to take the next decision “I will become a millionaire.”

Step 2: The millionaire’s math

Once YOU make the decision of becoming a millionaire, then you have to create a plan.

There are many ways of making your first million.

For example:

Salary

$50.000/year for

20 years

1 Million

$100.000/year for

10 years

1 Million

$250.00/year for

4 years

1 Million

Create a service/a product/a course

$100  ->

10.000 people

1 Million

$250  ->

5.000 people

1 Million

$500  ->

2.000 people

1 Million

Create a subscription-based product

$258/monthly * year to 300 people ⇔ 1 Million

Now you have to fragment the purpose of becoming a millionaire into small pieces for your dream to become mentally achievable.

On paper, it seems pretty simple, right?

Trust ME; once you get in the game and start learning, everything will become achievable.

In the era of the Internet, it’s straightforward to find additional sources of income.

Just START.

Step 3: Increase your income

Nobody can get rich if they do not increase their income.

Firstly, you want to increase your income through small steps and then move to the big steps.

Secondly, you want to:

  1. Get $100 more per month;
  2. Then $100 more per week;
  3. Move to $100 more per day;
  4. $100 per hour;
  5. And so on.

So how can you add another source of income? There are so many ways of making an extra $100.

  1. Deliver food;
  2. Driving a cab;
  3. Online surveys;
  4. Babysitting;
  5. Pet Sitter, dog walker, or sniff spot host;
  6. Get a freelance gig;
  7. Rent your extra space
  8. Sell your stuff;
  9. Get some micro Jobs – Fiverr, Amazon, Appen;
  10. Tutoring, etc.

You can even FLY a drone to deliver items!

Step 4: Ask yourself, “Who has got my money?!”

how to become a millionaire

There are 7 billion people on this planet.

Now you have to decide who do wanna spend your precious time with.

Financially you want to spend your time with people that have money. You want to know what you can offer for the information.

This could mean:

  1. Knock on their doors;
  2. Call them;

Until you reach the objective you have set.

If YOU could find a way of helping 1 million people, then you would have more than a million dollars.

The more people you will help, the more money you will make. Simple maths.

Step 5: Stay broke

Imagine.

Money is your employers, so you have the option to:

  1. Fire them, meaning to spend your money ⇔ not producing anything;
  2. On the other hand, you can hire more people, meaning to save your money ⇔ potential of bringing more income.

Once you have more money, you need to put them in an account that isn’t accessible; therefore, you won’t impulse spend them on things that you do not need.

You have to maintain a scarce lifestyle to save.

PAY the price of scarcity today, so tomorrow you will be able to buy everything you want.

An idea + a lot of effort + discipline ⇔ SUCCESS!

Step 6: Save to invest. Don’t save to save.

how to become a millionaire

Most people save their money for a house, or a car, a “rainy” day.

But rich people save their money to invest.

Once your employers add up in your account, YOU do not want them to waste their time; you do not want them to get bored.

So make them work for you.

When new opportunities arrive, you take the money from your savings account, and with their help, you create a new source of income based on what you already do.

This brings us to ⇓

Step 7: Multiple flows of income

how-to-become-a-millionaire

Income flows = Financial stability.

This is the KEY to getting rich and to financial freedom.

Mistake #1:

It is giving up an already existent source of income instead of adding a new source. Never walk away from a source of income, no matter how small it is.

Mistake #2:

To look for another source of income that is completely different from the first one and then neglect both of them.

If you add a source of income not related to the first one, you have to do not let it distract you from the other one. Different things mean more to learn about each other.

There are a lot of things to learn in order to add another source of income. Once they grow, you can make this process faster with money because you have enough to invest.

To avoid this, you have to create parallel sources of income, which can sustain the existent ones.

How? Imagine this.

Let’s say that you have a bathtub that you want to fill up with water.

The first thing you have to do is turn on the water. This is your first source of income.

The second thing you want to do is to buy a bathtub stopper. This way, the water won’t leak everywhere, so that the tub will fill up faster.

The third thing you can do is buy a bucket, with which you can add additional water to the bathtub.

As you create more ways of adding water to the bathtub, you have to do not neglect your most important source of income which is 1.

how to become a millionaire

Step 8: Repeat, Reinforce, Hyperfocus

You can be a millionaire.

For this, you have to quit the addicting mentality of the middle class and the ones that are pro-poverty.

Because they are the ones that will tell you “that is impossible!”.

Not having the courage to do something, they will try to prevent you from doing it too.

Don’t let them talk you out of your abundance mindset.

If you’re really determined to become a millionaire, then you have to add new people to your life. People that dedicate themselves to success and want other people to succeed too.

Find people that are as hungry as you are.

This way, you will make it.

Do you agree? Are you ready to go through these steps? Do you want to become a millionaire? Do you want financial freedom?

Make sure to get Grant Cardone’s free booklet.

You can also read 10 Millionaire Habits You Can Copy.

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