How Self-Made Millionaires Aim for Success

Who doesn’t love the idea of being a millionaire? You could wake up in the morning, climb out from under your high thread count Egyptian cotton sheets, wash your face in a diamond studded sink, and order your 10 servants to get busy with making the breakfast. Why 10 servants to make breakfast, you’re asking? Because you can afford it. Why else?

The problem with being a millionaire, however, is that you first actually have to earn millions. This is no easy task of course, or everyone would be a millionaire. It takes skill, determination, a little bit of luck. and a lot of hard work.

Though, what about those self-made millionaire stories you hear about? Is there another, easier way to rake in a few million? Let’s take a look.

The Ultimate Success Story

Timothy Kim is a 31 year old who was recently declared a millionaire. But in an interview with CNBC, and after being featured on Business Insider, Kim revealed a startling truth. He says he wasn’t especially smart, and possibly even has ADD. His success could instead be attributed to simply following the advice of millionaires and acting on it. According to him he accepted a stock investment tip from a professor at Biola University, and this got him on the right track.

You may now be thinking that following stock investment tips from strangers who claim they know what is best is one of the things most commonly cautioned against things at stock investment sites, and you’d be right. In this case, however, it worked out for Kim. From there he did a few smart things in stock market investment, and lo and behold was a millionaire soon after. Interestingly, his story isn’t unique, and there are several others like him.

Changing Your Thinking

The story of Kim goes to show one very important thing; changing the way you approach life is the most important part of having an impressive amount of zeroes in your bank account. The truth is that toiling away at your job, day in and day out, is not going to breed further success, unless you change how you approach that job, and your life in general.

A 9-5 office job has its benefits, of course, and no one is suggesting that you punch your boss in the face and march out the front door. But perhaps adjusting your stance towards the money you earn is the simple secret.

According to the majority of literature about self-made success, mind set and attitude is roughly 90% of achieving millionaire status. Books such as What Self-Made Millionaires Do That Most People Don’t by Ann Marie Sabath, and The 21 Success Secrets of Self-Made Millionaires by Brian Tracy, simply reiterate the thinking that getting into smart habits is far more important than dreaming up a brilliant idea. Meaning that coming up with the idea of Facebook is not necessarily what made Mark Zuckerberg stand apart, but rather how he approached building the company.

So finding a fun remote job for example, is fine, as long as your approach to it matches the aspirations of an individual looking for major success.

Act Like a Millionaire

So to sum up the success of Kim and the self-help books about getting rich, follow the advice of millionaires, copy what they do, and you’ll soon be rolling in it. The trick is, though, that Kim took the bull by the horns, changed how he approached life, behaved like a millionaire, and the zeroes soon started find their way into his bank account.

Act like Kim and like a millionaire, and you bank account might soon likewise not be so empty!

 

What are options for cash emergencies?

Sometimes no matter how well you plan you can face bad luck in life.   Between cars, homes, apartments, medical bills, and just general expenses life can knock you back.

While many financial professionals all state that you should have 6 months of your salary saved for an emergency, many of us know that is just impractical.  It’s hard to save 6 months of your salary in the world today. So, what do you do when a disaster strikes?

Here are some things you can do.

First, you can get a short term loan.  One option is to get a car title loan. These generally have high interest rates and are designed to be a short-term loan.  Contact Family Title Loans to learn more.

Second, you can look into refinancing any credit cards into a lower interest rate.  Refinancing your home is one option.

Third, consider taking a loan from friends and family.  But, before you do this be prepared to talk through things ahead of time.  A relationship can be ruined if money comes in between people.

Fourth, contact your current creditors.  If you are going to get behind in paying your bills many times your creditors can and will work with you.  Contact them to setup a payment plan. Whatever you do, always strive to pay your mortgage first.

Fifth, look around your house for things you can sell for quick money.  Look into posting things in your local neighborhood group or Craigslist.  Getting a part-time gig can be a way to earn additional money, but that does take a lot of time, unfortunately.

Finally, look at what expenses you can cut.  Many times you can cut the cord on cable tv or satellite and still get excellent entertainment.  Getting clothes at second hand stores works, and being frugal. You can clip coupons, budget effectively, and be creative.  The internet has every type of idea imaginable. From making your own laundry detergent, and growing your own food–you can figure out a way if you have a cash emergency to get by.