Millionare | How To become a young millionare | Entrepreneureship | Bootstrapping | Business: Caution : Highly Informative for those who want to be a millionare by 9 to 5 job.
A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money. Like Bill Gates made computers and Operating System affordable for everyone. An idea is the base of the pyramid when it comes to the business as a whole. The characteristics of a promising business idea are
Hence it is not possible that everyone has a great idea to build an EMPIRE. If we take examples of Mark Zukerberg, Steve Jobs, Bill Gates, Elon Musk or Larry page. They had one thing in common, and that was a Great IDEA. The ideas and dreams which they say was a miracle. Can we imagine world without Google.com; most probably the answer would be, "NO".
Don't worry even my answer is the same.
We cannot imagine world without smartphones. we cannot imagine world without Facebook.com. We cannot imagine the world without Microssoft. Yes it is the truth that these things were founded by some crazy people who had some crazy ideas. But it is the sad truth that even everyone can not afford to have such great ideas. Hence, it should be said that it is not possible for them to beocme a millionare or a billionare by the way.
But my answer will be, " No, it is very much possible for anyone to be a millionare !!!"
I have read many Millionare books like - "Think and Grow Rich-Napoleon Hill" , "The Four hour work a Week-By Tim Ferris" , "The Millionare Next Door" , "The Richest man in Babylion" , "The Millionare Fastlane" etc. And I strongly recommend you to read these books. Reading will always open up your mindset and you will at least think like a Millionare. And it is a good sign because before becoming a millionare you need to feel and think like a millionare.
In this article I will be explaining you that how a common man or rather a 9 to 5 person can become a millionare within 5 years. But before we begin let us reflect to what Warren Buffer says about investment and money.
Rule 1 : ON EARNING :- "Never depend on single income. Make investment to create a second income."
Rule 2 : ON SPENDING : "If you buy things you do not need, soon you will have to sell things you need".
Rule 3 : ON SAVING : "Do not save what is left after spending, rather spend what is left after saving"
Rule 4 : ON TAKING RISK : "Never test the depth of the river with both feets."
Rule 4 : ON INVESTMENT : "Do not put all egges in one basket."
Rule 5 : ON EXPECTATION : "Honesty is an expensive gift, do not expect it from cheap people".
So, we saw what the magician of the stock market i.e. Warren Buffer who tells his golden rules of success. Ok, now lets get back to the point, "How to become a millionare in average income ?" In this aritcle I will give you step by step guide to become a millionare. Make sure that you follow them and thank me after 5 years. Good luck !
Step 1 : Double your income every three year
Yes, it really very necessary to have an increment in your income every now an then. But it is also true that you will no where get a job in which you will give you an increment every now and then. But if you are unmarried then You can manage your expenses in very less cost and save maximum of your income. Hece, I want to say that it is possible to save that money in order to make more money.Now what you have to do is that you can invest the saved money in mutual funds or in stock market or even in the FD's. Since FD give the maximum returns of 8% to 12% per annum. Which is not sufficient enough to make more if you have a small salary.
Now what I want you to is ; Since there is a period of three years which are more than enough to make a second source of income. I want you to learn stock market.
Yes, I make almost my maximum through the stock market itself. I have lost lot of money in stock market when is was 18 years old. And yes it was my beginning days. I even did't knew that money can made through stock matket. I have a habbit of reading newspapers and specially the international news and the BUSINESS news. This newspaper always has a section that talks about the the stock market. I want you to read it daily, You will be a expert in stock market within three years. When I lost money I tried to find out the reason behind that loss, and today i can undersatnd it very well.
So, Yes it is now possible that you can produce a second income for yourself. Make sure that this source is passive and doesn't takes your working time. This can be a method to give you a sense of freedom. But wait now you don't have to spend these money you have to invest them again in different streams.
(If you want me to explain stock market then please comment in the comment section.)
Step 2 : Save , Save, Save , Save ..........
You need to save the money because money speaks only on e language
"If you save me today, I will save you tomorrow."
Step 3 : Now keep the complete record of your income:
You have to mentain a register or a passbook for yourself, so that you can keep the complete record of your expenses. I have a register which is having the record of all the things that i buy or sell daily. This register helps me to have a track of all the tasks that I am performing. Then I also make a graph of my Income vs Time.Step 4 : Generate Passive Income
You can also start your own You Tube channel or Affeliate program of Amazon.com to create another passive income.Step 5 : Always love your family
It should be considered that you need to take care of your family members also. Make a good budget and spend accordingly. This is what even Countries do. They release a annual budget and the entire year works according to that only.Keep one thing in the mind tha you are doing everything for family only. Financial freedom will help you to have a good freedom.
These 5 steps are sufficient for anyone to become a millionare. Now you might be thinking that what was new in this but keep in mind that these ordinary things are only going to change your life. I bet if you follow this you will be thinking kuipeer for this. And I believe in
Now, let me talk about some common things and traits which rich people have in comon.
I have observed that rich people Value time more than money. If you are making $25,000 which is the average salary of a common man which is considered more than suffuicient. But are we made for only $25,000.
No, we are not ! You have to learn the game of money and learn to invest in order to make 12Million dollers every year excluding the taxes so that you can call yourself super rich.
CAN MONEY BUY HAPPINESS ?
"No money can't buy happiness, But even poverty can't"
"If you think money can't buy happiness, then please transfer them into my bank account."
Thank you
CEO kuipeer
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