Posts Tagged ‘millioniar’

7 Signs Show You a Millionaire

7 signs you could end up a millionaire
7 signs you could end up a millionaire

7 signs you could end up a millionaire

You need to invest the amount consistently and it can generate passive income. If you are on the right track to become the millionaire, you will reach to the seven figure status with these routines, habits and personality traits can describe you, if you do something right. You need to know 7 signs, which could be on your way to strike it rich.

You have multiple streams of income

You have multiple=

You have multiple streams of income

The author Thomas C. Corley found in the multi year study of the self made millionaire, the rich and you should not rely on the single source of income. He suggested it in the book ‘Change your habits change your life’.

He says that there are sixty five percent, who has at least three streams of income, which they create prior to make their firs million dollars like the real estate rentals, a side hustle or the part time job.

You Save to Invest

You Save to Invest

You Save to Invest

Investing the amount is how you will get super rich, ‘says self made millionaire grant cardon’. There is the only reason to save the money is one day invest money. It is important how much you save and invest than size of your paycheck. It is mentioned by a personal finance expert that he would teach you to be rich. The millionaires invest 20% of their household income each year and their wealth is not measured by amount they earn each year but how they have saved the money and invested over time.

Keep close with high achieving people

Corley says that you are as successful as those you have close association with them. The successful people agree that the consciousness is the contagious and expose to people whore are more successful and they can have the potential to expand their thinking and catapult their income. He also says that they can become like the people they live and this is the way, the winners can attract the winners.

You Are Decisive

Napoleon Hill studied about 500 millionaires and he found that they are good at making the choice. He wrote in his personal finance classic, ‘Think and Grow Rich’. He has done the analysis of several hundred people, who earned their fortunes beyond the million dollar mark, which shows the fact that everyone of them had the habit of getting the decisions promptly.

The people, who reach the decisions promptly know what they want and generally they can get it.

You have specific goals for money

If you know what you want, you are one step closer to get what it is you are aiming for. There are most of the millionaires, who made plan to get rich and make it happen. The overwhelming 80% of wealthy are ‘obsessed with pursuing goals’ both daily and long term.

You prefer books

Siebold writes in his book ‘How Rich People Think’ that the rich ‘would rather be educated than entertained’. He says that they appreciate the power of learning long after college or the formal education is finished. Then they should walk into the home of a wealthy person and they will see that there are extensive library books, they used to educate themselves on how to become more successful. The middle class reads the novels, entertainment magazines and tabloids.

Think Big

If you set your expectations high and are up for the challenge, you are on the right track. No one would strike it rich and live his dreams without the big expectations.