Is it possible to become a millionaire as an employee?
In this article, Freya Watson from Quora.com shares his opinion on several ways you can achieve that, become a millionaire employee.
Getting rich and becoming a millionaire is not an easy topic.
Saying it can be done by the age of 30 seems like a fantasy if you don’t have hard work and dedication.
However, there are some ways which can help you make money to be a millionaire.
In today’s economic environment you cannot save your way to millionaire status.
The first step is to focus on increasing your income in increments and repeating that.
My income was $3,000 a month and nine years later it was $20,000 a month.
Start following the money and it will force you to control revenue and see opportunities.
I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income.
I was still driving a Toyota Camry when I had become a millionaire.
Be known for your work ethic, not the trinkets that you buy.
The only reason to save money is to invest it.
Put your saved money into secured, sacred (untouchable) accounts.
Never use these accounts for anything, not even an emergency.
This will force you to continue to follow step one (increase income).
To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.
Make it a rule that you never use debt that won’t make you money.
I borrowed money for a car only because I knew it could increase my income.
Rich people use debt to leverage investments and grow cash flows.
Poor people use debt to buy things that make rich people richer.
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.
Money doesn’t know about clocks, schedules or holidays, and you shouldn’t either.
Money loves people that have a great work ethic.
When I was 26 years old, I was in retail and the store I worked at closed at 7 p.m.
Most times you could find me there at 11 p.m. making an extra sale.
Never try to be the smartest or luckiest person — just make sure you outwork everyone.
I have been poor, and it sucks. I have had just enough and that sucks almost as bad.
Eliminate any and all ideas that being poor is somehow OK.
Bill Gates has said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.”
Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group.
I have been studying millionaires to duplicate what they did.
Get your own personal millionaire mentor and study them.
Most rich people are extremely generous with their knowledge and their resources.
Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work.
If you don’t have surplus money you won’t make investments.
The second company I started required a $50,000 investment.
That company has paid me back that $50,000 every month for the last 10 years.
My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time.
I still own that property today and it continues to provide me with income.
Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.
The single biggest financial mistake I’ve made was not thinking big enough.
I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.
We hope that this article will open your mind to the possibilities of your future.
Even if you are now just an average employee working from 9 to 5, there is always ways to make lots of money and achieve financial freedom.
Becoming a millionaire as an employee is never just a dream. It will be a reality if you work hard on it.
P/S: Want to learn how to invest in property and become a millionaire as an employee? Come and join our Millionaire Employee Blueprint seminar, where Faizul Ridzuan shows you exactly how he did it, becoming a millionaire and achieving financial freedom the safest way. CLICK HERE FOR MORE INFO ON THE MILLIONAIRE EMPLOYEE BLUEPRINT PROGRAM