Ten steps to take to get, and stay rich in the earliest stage of your career.
Apply these 10 steps and they will make you rich. Steer clear of people that suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up, and once you make it, be willing to help others get there too.
1. Follow the money. In today’s economic environment the first step is to focus on increasing your income in increments and repeating that. Start following the money and it will force you to control revenue and see opportunities.
2. Don’t show off — show up! Be known for your work ethic, not the trinkets that you buy.
3. Save to invest. The only reason to save money is to invest it. Put your saved money into secured, accounts. This will force you to continue to follow step one (increase income).
4. Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things.
5. Treat money like a jealous lover. Millions wish for financial freedom, but only those that make it a priority have millions. To get rich and stay rich you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.
6. Money doesn’t sleep. Money loves people that have a great work ethic. Never try to be the smartest or luckiest person — just make sure you outwork everyone.
7. Poor makes no sense. Bill Gates has said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.”
8. Get a millionaire mentor. Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. Get your own personal millionaire mentor and study them. Most rich people are extremely generous with their knowledge and their resources.
9. Get your money to do the heavy lifting. If you don’t have surplus money you won’t make investments. Investing is the reason to do the other steps. Your money must work for you and do your heavy lifting.
10. Shoot for $10 million, not $1 million. There is no shortage of money on this planet, only a shortage of people thinking big enough.
Source: How to Become a Millionaire by Age 30 by @GrantCardone