How To Become A Millionaire Before The Age Of 30

Today, there are more ways you can turn yourself into a self made millionaire by the age of 30. The chances now are better more than ever and it’s not just a fantasy. It doesn’t matter what your status is right now, if you start making smart financial decisions and adopt methods to interest your money, you can be a millionaire before you turn 30.

Remember it’s not your fault to have been born poor but it’s your fault to die one. Here are the ten ways you can grow your net worth to become a young millionaire.

1.Increase your income
You can save your way to millionaire status, the first thing you need to do is focus on increasing your income increments. If you follow your money it will force you to control revenue and see opportunity.

2. Plan to invest
Saving is not smart saving because your money is just sitting there unproductively and not gaining any interest. Save to invest, not saving to save. Find ways in which you can get started creating a portfolio of investments for yourself.

3. Show up not show off
It’s not the wisest thing to start buying luxury cars and watches at this stage, put your money into investments until it starts producing multiple secure flows of income. Be known for your work ethic not the luxuries that you buy.

4. Get a millionaire mentor
Most people are not born into millionaire families; it’s usually middle class or poor. This results in having little knowledge on how to succeed if one even believes they deserve to. Find a millionaire who can mentor you, study and model them. Most successful people are generous with their knowledge and resources.

5. Grab the free money
Most people ignore free money, most commonly offered by employers. It can be in form of student loan payment assistance or any other benefits a company might offer. Stay informed on these programs before and even after getting hired.

6. Save for the right reason
While your savings and investment accounts are multiplying with the goal of becoming a young millionaire, your day to day savings should also have a reason. Make good economic decisions and gain satisfaction through the deals you gain on bills and household necessities.

7. Avoid unproductive debt
Never use debt that won’t make you money. Rich people use debt to leverage investments and grow cash flows; poop people use debt to buy things that make rich people richer.

8. Get your money to do the heavy lifting
Investing is a big part of becoming a millionaire and you should make more money off it than your work. If you don’t have surplus money you won’t make investment. Investing is the only reason to do other steps and your money must work for you and do your heavy lifting.

9. Money doesn’t sleep
Money is not aware of the clock, schedules or holidays and neither should you. Money is attracted to people with great work ethic. Don’t try to be the luckiest or smartest, just work harder than everyone.

10. Stay committed
The most important thing is to always stay committed to your goal. It is a long term goal that will continue to go on well after you make your first million and it’s important not to live with the hope of dying with only $1m but to have even x10 your original goal.