by Robert Hall
Most people have dreams of becoming a millionaire.
They see the big houses and fancy cars, and wished they
had one. They see the abundance around them and long
for the good life. For 90% of these people this dream will
never come true. They will wake up one day in old age
flat broke. Why?
Because this dream is so big they don't know where to
start. When it comes down to the nitty-gritty of how to
do it, they are completely lost. They give up before they
even begin. They just don't believe they can do it.
They don't have the patience to endure time. Their
dream cannot be accomplished overnight so why try.
They haven't learned the secret...with time all things are
possible. They quit too soon.
To become a millionaire we must think and act like a
millionaire. So, what do millionaires do?
(1) They develop patience. They know success does not
happen overnight. They learned how to suppress their
human desire of instant gratification. They do not fall for
that "get rich quick" schemes. They learn how to build
their money slowly.
(2) They set aside a portion of their income every week
for their Millionaire Fund. Many have started out with
just $20 per week. They then invest this money in an
interest bearing savings account while they look for
better ways to grow their dollars.
(3) They think small. The road to becoming a millionaire
begins with just one dollar. They recognize the power of
compound interest. They look for ways to turn $20 into
$21 and so on.
(4) They live within their means. They live in their homes
and drive their cars longer than the average person. Their
Ego is not tied to their possessions...they don't try to
keep up with the "Jones". When they get a raise at work
they don't rush out and buy a fancy new car. Instead they
look for new ways to invest their raise into income
producing streams.
(5) They create multiple income streams. Their income
comes from three or four different sources. If one stream
dry up they still have their other streams to live on.
Millionaires are constantly looking for ways to invest
their money into income generating ideas.
Here's how you can use these five ideas starting today.
*Before you buy anything ask yourself: "Will this
purchase help me to become a millionaire?". If the
answer is no...don't buy it.
*Determine the amount of money you are going to set
aside each week and do it.
*Open a savings account and mark it as your
Millionaire Fund.
*Do you have a high car payment? Consider trading
down to a lower price car. Take the money you save
each month and put it in your Millionaire Fund. Look
for ways to lower your expenses.
*Create another income stream. Search for a way to
earn an extra $50 per week. (A part-time job at 7-11
doesn't count.) You want this income stream to run
on auto-pilot. Once going you want it to requires
little or no work on your part. After you get one
stream going look for second one.
Make the decision today to become a millionaire. Do
what it takes to get there. Look for ways to increase
your income. And don't forget...with time all things are
possible.
Good luck on your new adventure.
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Copyright 2000 by Robert E. Hall.
Bob is the publisher of "Streams Of Income" newsletter.
He helps people create multiple income streams from
home. Change the way you work in the 21st century.
Go to http://www.streamsofincome.com