This post 10 Things Nobody Tells You About Being a Millionaire appeared first on Daily Reckoning.
Tim Sykes here, taking over from Nilus.
When most people fantasize about being a millionaire, they think about the sexy parts.
The hot cars…
The cool house…
Maybe even swimming through a pool of money, Scrooge McDuck-style…
Don’t worry: With time and effort, these things can be yours.
But to get there… you’re going to have to wade through some slightly less glamorous times and put in a lot of hard work.
Here, we’ll talk about some of the truth of the matter.
Allow me to offer a realistic view of some of the things you should anticipate as you begin to work toward your dreams.
The 1st Thing Nobody Tells You:
It’s Simple.
Yup, right here, right now, I’m going to say it: Becoming a millionaire is simple.
BUT… let me immediately clarify: Simple doesn’t necessarily mean easy.
At the most basic level, making millions is truly a matter of learning a trade, then refining and streamlining it in a way that allows you to make a profit, over and over again, and sticking with it over time.
Simple, right?
What makes it difficult is exactly the same as what makes it easy, though.
You have to take the time to learn a trade. There are few things that you can just jump into without a little training.
Then, you have to commit to the work of refining your methods, which requires a lot of patience, effort, and difficult self reflection.
And perhaps hardest of all, you have to stick with it over several years.
You’re not going to become my next Millionaire student by giving up the moment things get hard.
The 2nd Thing Nobody Tells You:
You Don’t Need a Formal Education.
It’s true: you don’t need a designer degree, or any degree at all, to become a millionaire.
Mark Zuckerberg, Ted Turner, and Richard Branson are proof positive that it’s not vital: None of these extremely rich and talented men completed college.
No, this is not to say that college is worthless. If you attended school or are thinking about going back to school, it certainly won’t hinder you from making millions.
But for those of you who think that making millions isn’t possible for you because you don’t have that slip of paper on the wall, I’ve got news: It does NOT mean the difference between millions and mediocrity.
Remember that.
The 3rd Thing Nobody Tells You
You Need to be Willing to Learn.
As noted above, you don’t need a degree to become a millionaire.
But you still have to learn and refine your trade.
There are a number of different ways to master your trade outside of a formal school setting.
A commitment to learning your chosen trade, be it reading this e-letter everyday for inspiration and focus, taking a weekend course, or reading an old-fashioned book, learning is vital to mastering whatever type of business you’ve chosen.
The 4th Thing Nobody Tells You
It Doesn’t Need to Take Decades.
Plenty of potential millionaires shoot themselves in the foot with this silly phrase: “it’s too …read more
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