how to become a millionaire the reality of the world is that whether young or old jobless are
employed we all desire to be rich a look at some of the world's richest people gives us a peek
into the kind of lifestyles we all wish we had unfortunately only a few of us ever really get
there which means there are certain skills that the rich apply in life that most of us
don't could it be that we're not following the right principles or maybe we're simply not smart
enough or is it that we're just too afraid to give entrepreneurship and the possibility of living the
good life a shot sure it's true you could lose all of your money your job and even become bankrupt
while pursuing your dreams so the question then becomes is your financial freedom worth it the
truth is that the transition between converting your money ideas into practical methods is
daunting it's quite easy to look around and feel that we were born into the wrong family or that
we don't have the necessary connections capital or skills to fulfill our dreams for most of us it's
easy to believe that getting a seven-figure income could only come from holding a position such as a
CEO or manager in an extremely successful company which is obviously impossible for everyone this
means that to become financially free you have to become either self-employed an investor a
business owner or a successful entrepreneur so in this video I'm going to share with you
some of the traits and habits that millionaires use to become rich and successful which you can
borrow and apply in your life to help you on your journey to financial freedom number one mindset
is everything though highly repeated the mindset concept is still very poorly applied among most
of us remember that your environment is one of the key determinants of who you become in the future
for most of us becoming rich or financially free rarely crosses our minds for very long even when
the thought does occur it's mostly a fleeting fantasy of what life could be in another world
our schoolmates friends workmates gym partners the people around us and who we socialize and interact
with are most likely in the same financial bracket that we're in which is most likely living paycheck
to paycheck or if they're lucky just getting by so we have nothing to measure up to except the
little we see around us some of us even have role models who are not wealthy or if they are
wealthy they're probably some form of Playboy a celebrity a muse a artist or someone who recently
made it filthy rich and what all these people do is show you their nice big houses their posh cars
and jewelry they're amazing quote unquote fun life filled with amazing parties every weekend and just
an amazing attractive life that we all dream of having and what do we do we eat all of it
up although I've got nothing against these people they never give you the full picture and besides
they're simply not good role models to look up to in your financial journey you should instead
be inspired by people like Warren Buffett Bill Gates Steve Jobs Rockefeller Phil Knight Oprah
Richard Branson and Robert Kiyosaki just to name a few read their books and autobiographies watch
their documentaries and be inspired by their often humble beginnings some of these folks
started with almost nothing there's a lot that we can learn from them you can also get inspiration
from your local entrepreneurs your role models don't necessarily have to be millionaires or
billionaires it could even be your next-door neighbor so have a chat with them find out
things they are doing to make that extra dollar it could surprise you they might even be a business
owner who wouldn't mind mentoring you visit your local bakery supermarket owner restaurant owner
or any person that you admire ask to meet them they're usually more than willing to share their
stories of how they started or maybe even mentor you it's worth a shot and you won't lose anything
by trying consider the case of Adam Horowitz the developer of mobile monopoly no not the game but
a tutorial for learning mobile marketing at 15 he had one goal in mind and that was to create a
million dollar company by the time he was 21 as unbelievable as it seemed at the time Horowitz
continued to challenge himself and by the time he was 18 he successfully reached his million-dollar
goal his platform teaches businesses how to generate money by earning mobile marketing
leads this is just one example of a person a child to some who had a goal in mind and who
was able to discipline himself focus and with hard work achieve his goal so achieving our
dreams is in fact very possible but changing your mindset is the very first step to achieving your
dreams number 2 indecisiveness in becoming successful while many of you have pictured
owning a business or becoming self-employed you do not see yourselves becoming extremely
successful entrepreneurs you limit your thinking to a certain extent where you feel life is just
okay and okay is good enough but this is seldom true your social conditioning could be the reason
you're still in an old job that you hate or the same reason you've never made plans to pursue
what you love perhaps you have never imagined self-employment as a way of bringing value to
the world successful screenwriters authors actors bloggers business owners and entrepreneurs create
something of value that impacts people's lives so much that people are always willing to pay
them for the services or product they are selling by doing this they bring value to the world which
the world then rewards them with riches popularity and high status to become rich you have to bring
value to the world Elon Musk said we are rewarded for the difficulty of tasks we solve so if there
is a huge problem in the world and you solve it you will most likely become very very rich number
three having low self-esteem towards business okay so it's quite easy to always postpone or
blame other factors for not pursuing your goals for financial freedom and independence right
sometimes you might feel you lack the right education the necessary skills the money or
that the economy isn't doing that well so you keep postponing your plans hopefully things
will look better next year you tell yourself but the reality is it most likely won't these
are all excuses that people continually give themselves and end up wasting time and never
pursuing their dreams take the example of John Kuhn a chinese-american entrepreneur artist and
fashion designer who started out by selling spare car parts he even supplied the TV series pimp my
ride with spare parts he then proceeded to sell merchandise to renowned artists such
as jay-z and jay-z making his first million at the tender age of 16 his interest in efforts in
fashion have seen him become a millionaire worth over 40 million dollars responsibility should be
taken for all actions emotions job career and all aspects of life putting off the idea of venturing
into your own business for a day turns into weeks then months then years and before you
know it an entire lifetime your own choices are limiting you from being the best you can be if
you truly desire to be wealthy and move from making maybe $30,000 to maybe $50,000 a year
you need a strategic plan to make the extra 20,000 if your job won't offer you a promotion then it's
your personal responsibility to venture out on your own and find a business or investment that
will make you the extra cash becoming financially free takes time and dedication and postponing the
agenda will not bring you any closer to your dream number four prioritizing everything else over your
dreams we always find something to interrupt our plans right a party with our friends third job an
entire day with our girlfriend or friends or maybe it could be our family there's nothing wrong with
creating bonds with those close to us however you have to set aside time to work on your own
projects if you don't absolutely have to attend the party next door don't if you can reduce the
amount of time you spend talking to your friends do it and explain to them that you have a personal
goal you'd like to achieve there are too many distractions around us and by not prioritizing
our dreams we eventually lose focus the rich know that they have to make this sacrifice because
everything comes at a cost especially your dreams prioritizing your dreams also means that you need
a solid plan and procedures to follow people do not become the best by doing everything the same
way other people do likewise you need techniques mindsets and routines that put you ahead as you
plan to be successful keep a healthy attitude and self-will to push yourself forward you also
need to see the long-term picture and dedicate more of your time towards progressive economic
success number 5 become an independent thinker standing out means that you need to be unique
in what you do and it all begins with what you think social conditioning is easy and at times
difficult to escape since we all want to belong someplace we all want the latest clothes the
latest shoes the newest car model to go to the same church service and even attend the same
schools group mentality is further extended into what we consider achievable acceptable and what is
not to become financially free you need to think independently you need to start creating your
own answers and solutions instead of relying on other people to provide them for you you need to
be inquisitive and challenge the status quo you also have to stop following others blindly and
know which advice to follow or disregard being different may be difficult sometimes but it's
also an important part of becoming rich number 6 maximize your time there's a poem by Willy jolly
that I like quite a lot and it goes like this I only have just a minute only 60 seconds in it
forced upon me I can't refuse it I didn't seek it I didn't choose it but it's up to me to use
it I must suffer lose it give a count if I abuse it just a tiny minute but an eternity in it you
see folks the rich think big and the poor think small the poor and middle class are unfortunately
the people who spend an extra hour or two running around a store looking for a 5 percent discount
on a shirt saving only a few dollars a rich person does not think like this a rich person is thinking
how can I improve myself and make my time more valuable so that one hour of my time could be
worth thousands of dollars instead of just a few dollars time is the most valuable asset we
have and it's important to use it wisely number 7 manage your money rich people manage their money
well poor people do not manage their money well for example when a poor person wins the lottery
and this is usually the case because wealthier people do not usually buy lottery tickets a lot
of the time they will lose the money very quickly because they have no idea how to manage their
money if you want to be financially successful you need to learn when to save and when to spend
an opportunity might come along for you to invest in something but if you have no money in your bank
account you will not be able to number 8 never stop learning this eighth principle is the one
that will really surprise you believe it or not very rich people typically do not have much of an
ego the moment when you think you know everything is the moment when you stop learning rich people
constantly learn and grow poor people think they already know everything rich people are always
trying to surround themselves with people who are smarter than they are the reason why they do this
is because they were always trying to learn more and more and they are never content poor people
tend to think they already know everything and they stop learning the rich understand
that learning never stops they understand that in order to grow and maintain their wealth they must
keep learning and educating themselves on best practices and strategies to pivot themselves in
their enterprises to the next level and lastly I personally believe that this last critical
tip is the most important but often overlooked or seldom mentioned piece of the success puzzle
it's so critical that even the likes of Warren Buffett and Bill Gates have cited this habit
is the reason they've amassed large fortunes and success you need self-discipline you need
focus self-discipline is the only habit that will guarantee success in your life it's not easy to
master I often struggle with it myself but if you do master it I can almost guarantee that you will
succeed in whatever you do thank you guys so much for watching and I will see you in the next one