You can become a Millionaire! My personal twist on Grant Cordone’s 8 Steps to Become a Millionaire.
Step 1: Decide to become a Millionaire!
Start to think like a millionaire, lose the middle class mind. Watch inspirational movie i.e Cinderella Man. Ask phenomenal questions… How can I? Focus on the goal.
Step 2 : Write down a Plan.
Lots of ways. (Flare it out into a full blown plan. Exactly what tasks you will do. Daily, weekly, monthly, quarterly, 6 months, 1 yr, 2 yr, 5 yr, 20 yr)…
Annual salary 50k * 20 years
Annual salary 100k * 10 years
5000 people by a 200$ product
10.000 people buy a 100$ product
Step 3 : Increase your income flows.
Set income targets and do whatever it takes to reach them. Increase in increments first and in leaps later. Track your net worth!
Step 4 : Ask yourself, “Who has got my money?”
What people, who is it exactly that you want to serve? Make a list of people/type of people, who have “your” potential money. The money that they are willing to exchange for your product or service. Focus on those and only on those.
Step 5 : Be Frugal.
Move your increased income (from Wholesale & Sales) to a sacred (Charter bank) account that is out of reach. Keep operating like you’re broke, humans perform best out of necessity.
Step 6 : Save to invest.
When the timing is right, use (sacred account money) as down payment for rental property.
Step 7 : Multiply income flows.
Creating multiple flows of income is the only way to become a millionaire and is the holy grail of creating financial freedom and true wealth. This could be multiple strategies within one industry. I.e Wholesale, Fix n’ Flip, Buy n’ Hold, Developing.
Step 8 : Repeat, Reinforce, Hyperfocus.
Think BIG from the start. Surround yourself w/a GREAT TEAM i.e Attorneys, CPA’s, Realtor, Property Manager… save/make yourself tons of money from the get go. Repeat steps 1-7. Surround yourself w/like minded people and people that are smarter than you. Change your surroundings, change your life, change your habits, change the people you hang out with and evolve into a Millionaire, a Multi Millionaire!