In the 1st decade of your life, you were a kid and your parents took your care, in the 2nd decade you became a teenager but you was still cured either by your parents or by the government. In the 3rd decade of your life, you completed your studies and decided what you want to do in the rest of life, sounds real??? Yes, because mostly this happens to everyone. Most of the part of our life is overtaken by the academics and studies which are actually a necessity but the curriculum that is being taught these days is not up to the mark. We are being taught that
We are being taught that a couple of people invented a hot air balloon or Thomas Edison invented the bulb but, mostly we are never taught that how and why they invented these things? or what were the reasons or circumstances that take the level of creativity of these people to some next level and they thought to do something out of the box. Thinking creatively and generating ideas has a very deep connection with money. Yes, for what we all are working to full fill our needs of bread and butter. Have you ever heard from someone that this world is a money making paradise? If you ever heard this statement from a person, he/she must be a businessman or an entrepreneur. Because these are the people who make their way to success themselves by making decisions.
If you have crossed your 20’s and still thinking about how to earn money? Then, you are my target reader. Today with the help of this article I am going to tell you about 10 proven ways which will help you out to become a millionaire by the age of 30. All you need to have is the courage to read, spirit to start, and risk to bear. The ways I am going to mention in this write-up are endorsed and admitted by all successful businessmen and famous entrepreneurs of this world. Although, getting rich and making a lot of money is a taboo topic but still I am writing on it because I am not giving you the money but showing you the proven set of ways on how you can achieve your target. A famous international sales expert Grant Cardone left the college at the age of 21 but when he was 30, he was a millionaire. Want to know how he was able to do so? Your wait is over, here are the 10 ways to become a millionaire in the third decade of your life:-
Look For Ideas And Opportunities
As a famous proverb says that, Ideas are bullet proof. If you have an idea that could make the life and living of general public better, then believe me you have the potential to invade the world. If you want to earn money you should not have to stop thinking. Just keep thinking for the betterment of others as a resultant you will end up on the betterment of yourself. Don’t miss out the golden opportunities you have to give at least a try. I heard from a very renowned intellectual that everything that happens in your life is not useless, either it is a lesson or it becomes a blessing for you. So, you have to keep looking for the opportunities and whatever matches with your mind and idea dive straight away into it. This way you will not just open new ways of earnings but you will learn from your experiences.
Just Keep Staring At The Money
I know, the title may sound rude or very materialistic but believe me this is the actual way you can do things not just better but the best. All you have to do that just focus on earning, As Grant Cardone said that “In today’s economic environment you cannot save your way to millionaire status” you have to keep your primary focus on increase your income, increments and keep repeating the cycle. Earning money is not that easy and for this, you have to keep looking for the options and opportunities as discussed above.
Generate Income From Different Ways
If you want to earn more than you have you earn from different streams. Relying upon only just one way isn’t an option. According to the 5 years study self-made millionaires by Thomas C. Corley, he stated that most of the self-made millionaire never relied upon one way of earning. 65% of them had three different ways of earning, 45% had four income streams and 29% of them had five or even more source of incomes. This proves that for being a millionaire by the age of 30 you need to step into different markets like real estate rentals, technology, stock market investments and much more.
Follow The Billionaires
Since you have to think big you have to follow and study big too. Learn about the billionaires of your era and study that how do they become a billionaire because remember that a billionaire was once a millionaire and most important part is that these successful persons never stay quite they always shout out and tell people that how they manage to achieve their targets. For this, it is a must to follow blogs like Wanentrepreneur, Entrepreneur, and etc. to learn more about the success stories and study what was the actual thought process which took up so high that they are sharing their success stories in their lives with others.
Earn, Save, Invest And Repeat
This is an ultimate success formula to be a millionaire in your life. Earning will be all you really need so you have to earn, it now depends on how much you save from your earning. Once you succeeded to save then think off investing that saving in the right place, for this obviously you have to follow the ideas, opportunities, and everything that is being discussed on the web or cafes. Cardone, in his interview, said that: “The only reason to save money is to invest it”. This actually sounds quite realistic and practical and remember you should never hesitate to start from anything small or at any age because the owner of KFC (Kentucky fried chicken) started with just a bucket of fried chicken in the age of 65 and with a very little span of time he was successfully able to generate more and more…
Don’t Just Save to Save
Personally, I hate math but I love counting money. J And, the joy of the counting the money is doubled when it is not from the saved resource but from the investment. As discussed in the previous point you have never to behave current with your savings. Do earn and do save but not just to save, but to invest and acquire profit from it. I have seen many people who followed and executed the ESI model (Earn, Save, Invest) only for once and as a resultant, very quickly they were left with no money. If you want to be successful then your risk appetite have to be really exceptional, you should never be afraid of investing that please make sure that you invest wisely.
Don’t Show Off And Avoid Debts That Doesn’t Pay Off
If you are still reading my words till this point it is obvious that you are agreeing with my stance. Let me tell you a real story of mine, Years back I earned $500 for writing a couple of blogs and I was having a saving of $100 so I was now having a total of $600. A third-degree friend of mine bought a good smartphone in the same period and I observed that people started getting attracted towards him. Actually having a good smartphone with amazing specs and features was being considered as a status symbol, at that time I was using a feature phone so decided to buy a smartphone with an even more advanced feature. I invested the whole $600 in buying an iPhone, I also started to get favoritism but you know what happened just after a day later. A new model came into the market at $650 and the model I purchased was dropped to $400 eventually. I lost clear cut $200 and additionally, my very same friend bought the iPhone of worth $650 and again he was now more popular in our gathering, just imagine my feelings… You are now clear with this and I am dead sure. You know I tried to show off I lost my earning and I invested in the wrong thing I ended up with a loss. So, don’t just show off your earnings by acquiring a luxurious lifestyle and don’t invest into such things which that doesn’t payoff.
Keep A Track Of Your Accounts
You cannot just rely on investing deliberately and never take care of it. You have to become a financial detective to keep track of your money that from where it comes, where it goes and where it goes. Even, if you have to hire someone or outsource your accounts to someone go for it if you can afford it. But, in the meanwhile, you have to be the audit specialist so that you can keep a check and balance on your money. In this way, you may also be able to easily identify the options and sources which are returning you more by investing little chunks.
Never Deny From Your Commitments
Commitment is something you have to full fill as being or becoming a successful businessman. Or, if you want to be a successful business person you should be famous for your commitments and promises. Even, while reading this post you might commit to yourself that now you really have to do something really great to be a millionaire by the end of your late 20s. Just remember, whatever you commit yourself just be committed to it because this is the only way that will keep you stuck and motivated with your aims and beliefs to earn and save.
Always Donate Some Amount
This may sound quite unrealistic, childish or even impractical but frankly speaking, this is one of those reasons that will amplify the chances to get you a billionaire. You know Bill Gates and you know how much charity he made every year and not just that you have the lively examples of different people like celebrities, sports person, politicians, businessmen and in fact in every walk of life you will observe this as a routine of the most successful and rich personalities of this world. Because whatever you gives in the name of charity and donations will surely come back to you. And, despite all religions and different school of thought, this belief is common between all human being that sharing is caring so when you are in process to become a millionaire don’t just forget those and leave them alone who have remained backward due to their fate.
All-in-all, I am quite sure that after reading these 10 ways you will surely be feeling quite charged and motivated and even if you are not a youngster anymore just be patient because it’s never too late to make a change. If you were unable to change your way of thinking and your thought process in your earlier age there’s still wide chances that you could do something really big and innovative because you have experienced more than any other youngster. Just forget the past and think off for the future but just make sure before starting that:-
“Your future is not decided by what you will do tomorrow but, what you will do today!”
Now get…set…ready and be a part of the race to be a millionaire at the age of 30.