Quote:
Why, also its not gonna happen.
If Bill Gates had that mindset we would all be using Apple today
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You won't become a billionaire unless you invent the next Facebook, Instagram or something of that sort. Becoming a millionaire however is fairly simple but you will have to sacrifice a lot and prepare yourself to be hindered by everyone you know including those who you love the most!
To be able to become (and remain) a millionaire you need to have ATLEAST 7 passive income sources which you have full control over. This is not an easy undertaking and will demand a lot of energy to set up. The sources can be anything from physical companies (abroad) to websites, it doesnt matter, as long as you can monetize it.
To achieve these goals you can not be afraid of networking. Use every single person you know in every way you can to reach your goal. Even if it means that you'll have to sacrifice a few relationships after you have attained it. Remember the goal is 1.000.000 and not friendship. Do not steal, do not con and do not hurt people intentionally, keep it professional and strictly business.
Take your time. Your million will not arrive overnight. I have been following this path for about 4,5 years now and i have just setup my 5th passive income stream. I work 10 hours each day, including weekends and most of my earnings are directly re-invested in my undertakings. Rest assured that you will have periods of time where you only eat canned beans while watching your financial portfolio grow to that million (ofcourse provided that ur parents arent well off already).
Be persistent, never give up no matter what "they" say and always keep your eyes on the prize. During your endeavour you will not have time for relationships other than the casual lay so dont bother falling inlove. Lastly remember:
Would you rather be a poor man with a whole bunch of friends or a rich man with some enemies?
How do you decide what to invest in? I'm looking at a couple of businesses to buy and have as passive income streams but they are very small, probably make £5k-15k a year net profit if I had a manager running it day to day and probably doesn't have much opportunity for growth but would break even on my initial investment within three years, not that that's a problem if I keep my current job on for now (I'd love to sack it off if I had a way of earning enough money outside).
CHAT
