5 Actionable Ways to Become a Millionaire

5 Actionable Ways to Become a Millionaire

feature

Becoming a millionaire is a classic dream for young people all over the world. There are now 14.6 million millionaires in the world. It would be fantastic to have lots of money so you can buy houses, cars, and anything else you desire. But for most people they prefer to dream. They make plans and take no action, and that’s why the majority of people will never get rich.

You are going to learn about some of the actions you can take to make yourself into a millionaire.

1. Step Out of Your Comfort Zone

Those who are content to live their lives as normal will never become millionaires because they are not willing to try anything new. They have no desire to do anything different. And in order to become something greater than you are now you need to be willing to accept new challenges.

Try to step out of your comfort zone and try something new for a change. It doesn’t have to be something huge. Just try doing something different every day and get into the habit of trying new things. You’ll be surprised at the difference it can make to your state of mind.

2. Work Harder…NOW 

Getting rich has no magical formula that you can follow. It’s about working harder than the next guy. Most millionaires got to where they are today through hard work and determination. They stayed late after work and they traded partying at the club for spending some extra hours working on their latest project. 

Millionaires know that they can go to the party later. They are focused on the long-term not on the short-term. If you are constantly finding yourself wasting time, fill that time with something productive. Read a book, take up a course, or start a part-time business.

The possibilities are endless.

3. Take Time to Reflect

Working hard is one thing, but you don’t want to get into a situation where you are working harder not smarter. Successful people will take time from their day to take a step back and reflect on their successes and failures. If you don’t understand why you failed in the first place, you are never going to prevent that same failure from occurring again.

Set a specific time every day for when you will sit down and think about your day. Occasionally, you should take a vacation away from where you live for a complete reflection of your life and where you stand right now. 

By taking time to reflect, you are taking an honest look at your life and coming up with ways to improve.

4. Improve Your Mind and Body

Do you know how successful people can seemingly go at all hours of the day?

It’s not because they drank a whole pot of coffee. They are taking steps to actively reduce stress. They are combining mind-body strategies to crush stress and lead healthier lives. More than ever before, people are growing unhealthier because they are forever switched on.

Successful people know that they need some downtime. They can’t afford to work 22 hours every day with only two hours of sleep. You can get unhealthy in order to meet a deadline, but it should never become a normal part of your life. Eat healthy and set some time aside for regular exercise. By doing those two things alone you are one step closer to success.

5. Start Saving

One of the biggest misconceptions about successful people is that they are constantly making money. This couldn’t be further from the truth. Most millionaires are known to be frugal. They are saving money to make money. It doesn’t mean that they are the type of people to avoid spending when the right opportunity comes around, but they will save if the opportunity doesn’t seem right.

Setup a savings account today and portion off some of your salary in the form of a direct debit. This will ensure that you are going to save every single month. The money will go into your savings account before you can touch it.

Taking Action Today

If you want to become a millionaire, you need to adopt the mindset of a millionaire. One thing the average millionaire will never do is sit on their hands. They are always taking action. They may not always be successful, but one thing they can always guarantee is that they will reflect on their mistakes and bounce back. 

That’s what separates the average person from the successful people in society.


About the Author

I am a regular writer for Forbes, Inc., Huffington Post, Entrepreneur Media (among others), as well as CEO and Chairman of Alumnify Inc. Proud alum from 500 Startups and The University of San Diego. Follow me on Twitter @ajalumnify

Start your free 14-day trial of Shopify