How to become a Millionaire

by Professor Money on December 21, 2009

How to become a Millionaire

The desire to become a millionaire has probably crossed your mind at some point in your life. Whether it was to get away from your day job or because the business you are in is tough and slow doesn’t matter. What most people fail to realize is that becoming a millionaire requires going beyond their little narrow-minded box. Becoming a millionaire is like becoming a best-selling artist. It takes creativity, it takes hard work and it doesn’t fall from the sky. If you think otherwise, stick to your day job. Period.

If you search the internet, you will come across countless “ways” to becoming a millionaire – some even promise to show you “proven methods to become a millionaire in 15 minutes. If you are naive, lazy and greedy enough to believe this then so be it – you will definitely never become a millionaire. Other ludicrous tips to become a millionaire include the following:

Save money: If you believe this will make you a millionaire, think again. Let’s say you can put 500 USD/Euros aside every month. That would mean you would reach a million in 2,000 months. Oh wait a minute that’s going to take over 150 years. Let me see, how old will you be then? No need for further explanation.

Invest wisely: Investing is surely how some people made millions, but that is definitely not the secret to making a million or more. Look at it this way, millions of people around the world invested in the stock market over the past few decades – chances are their “investments” were wiped out or reduced to peanuts in the recent financial crisis. One thing that you must take into account which nobody tells you, is that the financial crisis has changed the playing field. Unless you are an ace in investing in the stock market or trading currencies – stay well away from it! The same goes for property, unless you are an experienced property investor who can read the market, keep your money out of the real estate market.

Another joke circulating the internet reads something likes this: “Llearn how I made a million dollars”. This might be an entertaining read, perhaps even motivating but it will most probably never teach you how to become a millionaire – right, never! Why? Simple, because either this method is outdated or it was far too related to the person’s life and personality.

The truth about becoming a millionaire is that there is not one way or one method of becoming a millionaire. A whole variety of ideas and people have become millionaires, instead of trying to get a quick fix to become a millionaire, you need to apply a set of guiding principles to becoming a millionaire to your life. These guiding principles are what we call the Ten Golden Principles. Get them now:

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{ 1 comment… read it below or add one }

Mark Anton December 22, 2009 at 8:38 am

Amazing read, thank you so much for the insight! This is the first time I have ever read anything so truly eyeopening on the internet, thank you. Happy holidays, Professor!!!

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