A lot of people who tried to get rich and earn millions by age 30 did not make it. This is why many consider this taboo – a fantasy that not everyone can make come true.
What many young millionaires would say is that becoming really rich is not impossible. The following tips will guarantee you will be a millionaire by the time you turn 30 years old.
Save to invest.
Invest your hard-earned money in something secured and untouchable; don’t just save it in the bank. The reason for this is to keep your money somewhere safe – somewhere that will prevent you from spending it, not even for an emergency.
Increase your income.
When your ROI is not easily available, you will be forced to increase your income – to look for other ways to earn more.
Don’t go into debt if it doesn’t make you money.
Make this a rule and follow it. That way, you will be mindful not to take out loans that will only eventually lead you to being deep in debt. This is what rich people do – the use debt to grow cash flows and leverage investments.
Refuse to be poor.
Bill Gates once said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.” So if you think that having just enough is okay, you should know that that’s almost as bad as not having anything. If you want to gain your millions by 30, you need to start attracting it by refusing to be poor.
Hire a millionaire mentor.
Who can better teach you the ways than a millionaire himself, right? So look for a millionaire who’s willing to mentor you. Follow their lead and emulate them.
Aim for bigger millions.
When you dream, make your dreams bigger. That way, you’ll be forced aim for more than one million. With these tips, you’ll be able to steer towards the right direction in making your millions.