millionaire offers help for you to become a millionaire
TRANSCRIPT
Content 1. Millionaire Offers Help for You to Become a
Millionaire
2. Millionaire Income or Lifestyle? - Think Carefully
Before You Answer!
3. Finding A Millionaire Mentor To Help You Achieve
Financial Independence
4. The Millionaire Secret - Some Facts
5. Top 5 Reasons Millionaires Need to Be Economically
Intelligent
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1. Millionaire Offers Help for You to Become a
Millionaire
Have you been working hard for that past 10 years and yet you still
haven't reached the millionaire status? It is no surprise why a lot of
people like you have been working hard but still do not even reach
the million mark in their career. Well, you may have probably been in
the wrong side of the boat for the longest time which is why you still
haven't reached your goal in becoming a millionaire. I am here to
help you achieve that dream of course with the help of other people
who have become millionaires.
There are a lot of millionaires who offer on how you can become a
millionaire, but the problem is that only few have understood and
put effort on to their dreams so they succeed. Few of the key factors
in becoming a millionaire is having the perseverance, patience, self
motivation, confidence and knowledge. Without this, it is impossible
for us to achieve whatever goals we have in life.
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You maybe earning quick money out of your little ideas but the
question is, can it help you earn stable finances? If you try to observe
some of your friend's financial status you will notice that when the
bills arrive they often have little left, why? Because often times, they
are not using their knowledge in their finances. But if you use your
basic knowledge and understanding, you will notice that you seem to
have an overnight success with your finances. Take for example you
are always researching on how to make money through internet
business with little investment, in time you are able to use all your
knowledge in internet business, thus you will then be making enough
income that can stabilize your finances. The problem with this is that,
if you are spending more money than what you are earning, then
you will never succeed in becoming a millionaire.
Here are few steps you can follow on how to reach your goal in
becoming a millionaire;
• Earn Money - Whether you have a business or working in a
company, it is very important that you have a source of income.
• Spend less than what you earn - It is important that you spend less
than what you are earning, if not, you are surely creating your own
financial problem in the future.
• Creating income stream - It is always best that you have other
source of income rather than depending only on one source of
income.
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• Save money - In this time of economic crisis, it best that you always
save money to be used only for emergency.
• Get yourself out of debt - Having financial troubles will not lead you
to becoming a millionaire; which is why it is best to get of debt
before starting your goal in becoming a millionaire.
• Invest something for yourself - Even if you are saving money it does
not mean that you deprive yourself from things, you also have to
invest something for yourself.
• Surround yourself with millionaire friends - Having friends who are
millionaires will not only help you get good vibes but also they will
give you advice on how to achieve such goals.
These maybe simple steps, but to be quite honest, this is a bit tricky
and difficult if you do not know how to start and do not have the
patience to do it. Becoming a millionaire does not happen overnight
so you have to have a plan on how to achieve it.
Generally, you will find that it is a millionaire that offers help to you
no how to become a millionaire.
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2. Millionaire Income or Lifestyle? - Think Carefully
Before You Answer!
"Who Wants to Be A Millionaire?!" That's the simple question Regis
Philbin would ask at the start of every episode of the game show
(he's now moved on to his other millionaire ventures). The show
quickly became a smash hit from its origin in the UK to the US and
instantly around the world. Why?
"Generate Insane Profits on Auto-Pilot & Become an Instant
Millionaire While You Sleep!" If you've conducted any online
research looking for home business opportunities, you've likely
found yourself on dozens of web sites screaming outrageous
promises to you of overnight riches and millionaire status. How
come?
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Because there is a common bond among the vast majority of people
that is the "American Dream." This dream has one very simple and
consistent component: the relentless pursuit of money. It is this
pursuit of riches that makes you want to live in a nice house, with
multiple luxury cars, and expensive toys.
This Is Unbelievable! Quick Fact from My Quick and Dirty Google
Search
First, before I share my findings with you, let me ask you this: If you
have a choice (which you absolutely do) of being a millionaire or a
billionaire, which would you choose to be?
So here's what I just did as I was writing this article. I ran two
searches. One for the term "millionaire" and one for the term
"billionaire." I found it mind boggling that there were roughly 6.76
million search results for "billionaire" compared to a whopping 16
million results for "millionaire!" But after taking a moment to think
about why such a discrepancy exists, it all makes sense.
First, there are many more millionaires in the world than there are
billionaires. According to Forbes Magazine, as of March 2007, there
are 946 billionaires in the world with 178 of them being newcomers.
(I did the math for you: the world now has 23% more billionaires
than it did a year ago!) And this compares to the 9.5 million
millionaires in the world (Merrill Lynch & Cap Gemini, The 2007
Wealth Report).
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The second reason this discrepancy makes sense is that there were
millionaires in the world way before billionaires existed. Back when
having a $100,000 net worth was considered filthy rich, there were
very few millionaires relative to today's numbers. For example, in
1900, there were fewer than 5,000 millionaires in the US. Not until
inflation and world economic productivity grew to a certain level did
we have our first billionaire (John D. Rockefeller became the world's
first billionaire in 1916).
Third, it's getting easier and easier to become a millionaire these
days. Inflation plays a key role in this. As prices go up, and household
income levels go up, it follows that making a million dollars isn't as
big of a milestone as it was a hundred years ago. But don't get me
wrong, making my first million is probably the most exciting thing to
happen in my life!
So let's get back to the question at hand: is it the millionaire income
or is it the lifestyle that you're really after? Well, that's entirely based
on where you are at this point in your life, where your mindset is,
and what you still feel like you haven't yet accomplished. The answer
likely surfaces when you ask yourself this question a few times and
take the time to write down what it really is that being a millionaire
means to you. How will being a millionaire benefit you, make you
happy, and relieve all stress and worries?
Take this simple exercise and let's get to the root of it right now.
Take 60 seconds to jot down all the ways you would complete this
sentence:
"Aah, if I had a million dollars I would..."
Time yourself. Go ahead, I'll still be here. 60 seconds might seem like
not enough time, but just do it right now and I'll explain to you why
in a minute. :)
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Okay, if you have your list, then it's probably short and sweet and
primarily comprised of the most important things that you want. And
that's precisely why you only had 60 seconds - to make sure you
didn't go off naming every make and model of every car you want in
your driveway! Now you have a list of those things you consider to
be of highest priority.
What you want to do next is, beside every item on your list, put a "$"
symbol if that item represents something that requires money and a
"*" next to the items that don't. For example, if you wrote "pay off
debt," that gets a "$" since you need money to pay off your
mortgage, credit card debt, etc. If you wrote something like "spend
more time with kids," that gets a "*" because you don't need to write
a check to do that.
If you wind up with more $ signs than * symbols, then what you're
probably after at this point in time is the millionaire income. If you
have more * on your list, then you're more likely in pursuit of the
millionaire lifestyle. This is a quick, simple exercise to get you
thinking about what you really want, income or lifestyle. You might
find that you are balanced and you want a little bit of both. And your
mindset will change over time as you get closer to achieving
millionaire status, and perhaps decamillionaire status!
You might try this exercise in 12 months and realize that your
answers have changed significantly. If they change, analyze the
reasons why and make sure that you fell comfortable with those
reasons. If they haven't change in a year, you should ask yourself
why. There's a good chance you haven't taken any steps toward
achieving the goals essential to becoming a millionaire.
Final Thought
If you've ever thought to yourself, "I will never be a millionaire," then
it's true. The mind is a powerful thing, and your thoughts are what
make or break your reality. If you share the American Dream, then
take the time to understand what it is that you're really seeking and
why. Then, and only then, will you be in full control of your destiny.
See you at the top!
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3. Finding A Millionaire Mentor To Help You Achieve
Financial Independence
In order to reach ratified air and become a millionaire, I highly
recommend you find yourself a millionaire mentor. Don not beat
around the bush trying to find ways to become wealthy, instead find
a millionaire mentor.
Where do you find a millionaire mentor? Great question and I will
address your important question.
One of the best ways to find a millionaire mentor is to take the direct
approach. Identify someone in your sphere of influence and or local
community, call them and ask to take them to lunch or to have a cup
of coffee.
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Perhaps you will contact a entrepreneur, doctor, lawyer, investment
analyst, banker, or a CEO of a company. The bottom line is, there are
a lot of millionaires and you simply have to take the initiative to
schedule a meeting to network with and request they mentor you. It
is understood it takes a team to become a millionaire. Ensure the
first team member is a millionaire. Why?
Where are you trying to get to? Millionaire status is the correct
answer.
There is no better way to become a millionaire than being mentored
by one, because they have been where you are trying to go. What do
you request of the millionaire mentor? After the millionaire accepts
your request for mentorship, simply learn everything you can about
being a millionaire. Take into consideration your values should align
with your mentor and if they do not, I highly recommend you find a
millionaire with similar values.
One of the first things you will learn about millionaires is they think
differently. In other words, they thoroughly enjoy being rich and do
not allow triviality to get in the way of what they are trying to
achieve.
Limitations, setbacks and the quicksand of life are mere momentary
obstacles waiting to be overcome by persistence and perseverance.
The key consideration to keep in mind is how millionaires think.
Millionaires who lose all of their money know how to become
millionaires again and again because they know how to do it.
Millionaires have the knowledge, wisdom, and skills to get knocked
down financially and get back up to reclaim what it meant for them.
Make no mistake about it, your quickest path to wealth is finding a
millionaire with similar values as yours and learning everything you
can learn from them. You will get to the next level of your financial
independence by finding a millionaire mentor.
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4. The Millionaire Secret - Some Facts
Becoming a millionaire is the dream of most of the people. Anyone
with at least a million units net worth of any currency is a millionaire.
However, in order to be called a millionaire universally, all currencies
need to be converted to a common denominator currency. In most
of cases, this is the US dollar (USD).
The other factor will be the price index. Because of inflation, the
value of a million dollars is now far less than in the past. While
comparing the net worth of individuals, they need to be expressed
not only in terms of a common currency, but also with reference to a
point of time.
There has been a big jump in the number of millionaires not only
because of inflation, but also because of the increase in the value of
real estate. Because of this, equity in the principal residence of a
person is excluded while calculating net worth of an individual.
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While being a millionaire is itself prestigious, there are many other
associated millionaire terms like multimillionaire, hector-millionaire
and m-millionaire. A multimillionaire is a person with more than 2
million and a hector-millionaire with more than 100 million units of a
currency.
Though the number of millionaires and billionaires constitutes a
small portion of the overall population, they control vast resources.
According to Forbes, there were 949 billionaires alone in the world in
terms of USD. The number of millionaires is much more. In North
America, 1,900,000 households, the largest, are reported to be
having a net worth of more than $1 million.
According to World Wealth Report 2007, the overall worth of
millionaires with individual assets of more than 10 million amounted
to about $37.2 trillion USD in 2007. The sharp increase in this is
partly attributed to huge devaluation of the USD.
It is the desire of a large number of people to be in the category of
millionaires. Wile inflation and real estate prices have made it easier;
the real purchasing power of $1 million has considerably gone down.
As time passes, the number of millionaires is likely to increase
further all over the world.
How to become a millionaire? For most of the people there is no
short cut to this. One sure way for becoming a millionaire is through
hard work with a little bit of god luck. Some people inherit millions
and some find it by sheer good luck. But vast majority of people have
acquired millions only by hard work.
Inspiration and guide to amassing millions can come by learning
about the life of self made millionaires. Being a self made millionaire
is a joy in itself and satisfaction.
At the same time we should remember that wealth in millions and
happiness may not necessarily go together. There are countless
instances where millions have not brought any joy or happiness to
people. So wealth is no measure of happiness. These are two
different things and may or may not go together. One may be filthy
rich, but not happy and vice versa.
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5. Top 5 Reasons Millionaires Need to Be
Economically Intelligent
Becoming a millionaire is a secret or overt dream for many
youngsters. As we know, some people are born with the silver spoon
while some others are born to become millionaires. It is a reality that
over the past few decades there has been an increase in the number
of people who have become millionaires at an early age. Moreover, if
you get a chance to look into their life, most of these self-made
millionaires are college or school dropouts and came from an
average family background. Now, the question is how these people
are upholding their status in terms of money?
Apart from strong determination, commitment, hard work, and
management skill; there needs to be few special characteristics to
become the most consistent millionaire. The so-called special
characteristics are, Love and passion for money, being well informed
of investment opportunities, ready to take risk, and most importantly
to learn and update their knowledge over the economy. Having
gained all the attributes of a perfect millionaire, it is important to
know the market, this is where statistics over the economy also
remain.
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Who are millionaires in the first place? Well, millionaires are just
people who took the career path as entrepreneurs. To be precise, as
the population grew, entrepreneurs noticed a need for food and
other life-sustaining products in the cities and towns that were being
established. Most of the entrepreneurs were middlemen, meaning,
they bought products from producers and sold them to consumers.
Other entrepreneurs set up small manufacturing facilities at their
homes and created products for sale. As the market grew bigger
amongst people around the world, these entrepreneurs were
supported vastly which helped them to become the wealthiest
people in the world. In this process, studying every link of
economical chain was pivotal.
It is important for all the millionaires to have a motivating factor to
be consistent in what they are doing. So, 'Economy' is the key factor.
There are five top reasons why millionaires need to be economically
intelligent.
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To know where you stand: You could possibly be one among many
millionaires in the country, but there is no way you could hit the 'red
carpet' without recognizing your power and beyond. Knowing all
about the country's economy is very pivotal. It simply helps you to
thrive more in your field or even in a new industry.
To Hold Highly-Profitable Sectors: It is highly crucial to develop a
quality list of the most profitable industries, strategize on ways to
develop a competitive edge, and fill a need within these
industries.Doing some refined research over a specific market and its
economy will help millionaires get a hold of the right stratagem to
achieve success and more wealth over that industry. Without a pinch
of knowledge over the so-called economy, there is nothing to gain.
To Develop Innovative Business Models: Upon deciding the best
industry, it is important to move ahead and make necessary plans to
launch the business. For a millionaire, he or she certainly does not
want to mislay their reputation, in that case, it is significant that they
study the market thoroughly and develop a business model that fits
today's economy. As you understand, without having the right skill
over studying the current economy, you will not be able to achieve
goals as desired, even if you are the richest person on the planet.
To identify New Trends: A growing number of Americans are
achieving millionaire status simply by identifying trends and then
waiting for the right time.Of course, this is not a task that can be
achieved overnight. It is something that takes time and various
studies about the market. Time and again, the economy plays a vital
role in changing the trends in the market. So, all the millionaires
need to be cautious over the market trends as and when the
economy swings.
To Reserve a Place in the Top Ten List in Forbes: You can be a
millionaire or even a billionaire like Mr. Bill Gates, but do you think
you are acknowledged of all your hard work? It is important that you
work straight-forward and get the glimpse over the status of the
economy. You will never know that by doing the right job in the right
way would definitely fetch you the reward. Probably even a name
amongst top ten richest people in the country. But remember, you
should be economically intelligent to accomplish your aspiration as a
millionaire.
Thus, keep reading and studying more about business, economics
and finance, but more importantly, practice your business, financial
skills and develop a millionaire's mentality!
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