Everybody wants to be a millionaire, who doesn’t want to, right? To become a millionaire is easy in fact, what it needs is persistent and commitment in taking massive actions. However, this is what most people will not do about, because most people are lazy and they resist change.

Therefore, if you want to be a millionaire today, the first thing you need to do is to accept the change that you want to be a millionaire. You want to live a different live and you want to be rich. You want to have time freedom and you want to be financially free. Accept and make the decision first before you actually become one.

Like what I have said above, to become a millionaire is not difficult. You can follow the 10 steps that I’m going to show you if you want to be a millionaire today. As long as you stick to these 10 steps, you will find that you are moving closer toward your millionaire goal each and everyday. However, if becoming a millionaire is such an easy task, why isn’t everyone a millionaire?

You have to know this, millionaires are different from ordinary people, they have higher determination and they are very committed in everything they do. The most important criteria is, they are willing to take MASSIVE and CONSISTENT action in order to achieve their goals. This is what separates millionaires from ordinary people. Most people just talk and dream about becoming a millionaire, they will never take the necessary action that will bring them there. Even if they take the action, they will not do it continuously for a long time. That is why most people are not a millionaire.

If you want to be a millionaire today, you have to decide that you MUST take consistent action each and everyday toward your goals. What action steps you take here are not important, the key here is the habit of doing it, the habit of developing yourself as someone who are committed, have the determination and willing to take action to achieve what you always wanted in your life.

So now have you decided to become a millionaire? If you are not, make sure you know what you really want in your life before you read on. If you are, proceed to discover the 10 steps how to become a millionaire.

Step #1 - The Power of Savings

No matter who you are today, you must learn to adopt the habit of saving. It is the number one factor that will bring you to become a millionaire. Think about it, can you become a millionaire even if you are earning $500,000 a month but you tend to spend all of the money? No matter how much money you earn today, if you are not saving them, you will never become a millionaire.

You have to learn to save your money before you can be rich. It is a common sense. How did Warren Buffet made his first million? Through saving and investing. Without saving, you will never have the extra money to create other streams of income. I strongly encourage anyone to save a portion of their earnings.

The problem with most people is this, they tell you that they don’t have the money to save! Make this clear, how much you save is not important, even if you save $1 a month, you are still saving. The amount is not important here, the key here is the habit. Again, you have to develop the habit of saving. If your earning is small, then start from saving small. You don’t necessarily have to save $100,000 straight away.

Save a small portion of your money if you don’t have much, and save more when you have a lot. Remember, you want to develop the habit of saving.

Step #2 - Frugality

From the famous book, “The Millionaire Next Door”, the author, Thomas J Stanley and William D Danko revealed that most millionaires are frugal, they live well below their means. They carried out surveys 20 years ago to study how people became wealthy. And they discovered something odd, many people who live in expensive homes and drive luxury cars do not actually have much wealth. And many people who have a great deal of of wealth do not even live in upper neighborhoods.

Amazing discovery indeed. Today, what are the lifestyles you are living? Do you drive luxury cars, stay in big houses and dining in the finest restaurant? If you are, ask yourself, are you wealthy? Is your net worth more than one million? The thing is, most people are having the wrong perception of how rich people live their life.

Many people thought that rich people, millionaires all live their life luxury, they drive big cars and stay in big houses, they wear branded clothes and they dine in top restaurants. This is not true, simply because millionaires know very well that if you do so, you will never be rich. Why? Because you have spent all your money into luxury items instead of growing them!

Often, the media also plays an important role in shaping our life. If you notice, the media is actually showing the wrong image of millionaires as well. In almost every movie that you have watched, rich people are those greedy bad people who drive sport cars and they dominate over the poor. Is this true in the real world? Not likely. Read The Millionaire Next Door if you want to find out, you are going to be amazed by what you read.

Here is a similar post that I have written previously, Don’t Go Wrong Together With The Media.

Step #3 - Think Like a Millionaire

Yes, you have to think like a millionaire if you want to be a millionaire. It is the millionaire mindset that you must adopt in order to become a millionaire. Many people do not think like a millionaire. A millionaire adopts a victor’s mindset, while most people adopt the victim’s mindset.

Imagine and ask yourself for a while. If you fail to achieve your goals, say in making money in your business, what will you do? Blame the prospect for not buying? Blame the economy? Blame the whole world except yourself? Or are you going to give excuses like the economy has been down, or the prospect cannot afford to buy what you offer? Giving excuses and blaming other factors will not make you a millionaire. It only sink you down and stay in the victim’s mindset forever.

Everything starts from your mind. It is your mindset and beliefs that will determine what decision you will take. And it is the decision that you make that will lead you to your life today. If you are living poor today, it is because of your mindset. Think about it, when you go to a shopping center and a stranger approach you with some ‘flyer’ like of papers in his hand. What comes into your mind? Will you think that it is just another sales pitch? Or will you think that it is a great offer?

This is just an example. I just want to show you that what you have in your mind will determine what you have in your life. Therefore, if you want to be a millionaire today, think like a millionaire. What will a millionaire do when they come across opportunities in their life?

Learn to control your mindset, always adopt empowering mindset that will lead you to higher success. Your mind is your greatest asset in your life, invest in it and you will have infinity percentage of return.

Step #4 - Do What You Love

To be a millionaire, you have to do what you love. Look at all the rich people in the world, Bill Gates, Warren Buffett, Donald Trump, Robert Kiyosaki, and more. They are all doing the things that they love to do. And it is because of this, they are wealthy today. If you are doing something you love, you will never feel boring and you will be motivated all the time. This is because it is fun for you and it is not working anymore.

Do you feel boring the moment you read and research on a company’s annual report? If it is so, it shows that you don’t have the passion in this field. Do some other things that you are passionate about. Think for something that you do in your life which you think you are passionate in, and do it more. It is the natural motivation that will bring you to your success. This is the secret to be a millionaire. Many people have the wrong beliefs, they thought that:

Make Money –> Enjoy The Money and Do What I Love –> Live a Happy Life

This is wrong. If you think that you should work hard to earn all the money first, then only you can enjoy the money by buying what you love and enjoy your life, you are wrong. This is not the way. If you are following this route, it is going to be difficult, because you are not doing what you love and you thought that it is the money that can buy you happiness.

Millionaires have different mindset, they think of this:

Do and Enjoy What I Love –> Make Money –> Continue To Do What I Love

This is the real path to riches. You should choose to do something that you love and only then money will follow. This is because when you are doing something you love, it is not working for you, it is enjoying. When you do something for the sake of money, you will feel all the difficulties and it will be hard for you.

However, if you do it because you love it, you will never work for another day. You will be driven all the time and you will have the drive that keeps you going. This is exactly what you need.

To learn more about this topic, read: The Millionaire Habit #5 - Do What You Love

Read the second part, 10 Steps How to Become a Millionaire (Continue).

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Posted on August 5th, 2008 by Shawn
Filed under: Millionaire Mind Mastery

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