I always wonder how some folks manage to reach the Millionaire Status while a large percentage of the world’s population struggles with financial difficulties.
For this reason, I usually spend a large part of my time studying the self-made millionaires’ biographies to check how these individuals reached massive levels of financial success.
From their biographies, I realized the 4 main ways to become a million-dollar millionaire.
- Climbing the Corporate Ladder
You can become rich by climbing the corporate ladder. Millionaires such as Brian Dunn (Best Buy’s CEO), and Jack Welch (General Electric CEO) were once junior employees, but they became the CEOs of their companies.
Brian Dunn commenced his career as Best Buy’s sales associate, while Jack Welch started as a Junior Engineer.
Climbing the corporate ladder is, therefore, one good way to become rich. However, it’s not easy to climb the corporate ladder because you have to work extremely hard for you to do so.
Brian Tracy teaches that for you to climb the corporate ladder and reach executive level positions, you have to enjoy working for your company so much that you use your free days working. Besides this, he teaches that you have to treat the company as if it’s yours, and you always have to be the first one to arrive and the last to leave.
If you work so hard, you’ll be highly skilled in whatever you do, and your firm will do anything, including promoting you so that it retains you.
I wonder how today many people hate working hard for their employers, and still expect to rise to high positions. If you are one of them, kindly forget this method as a means to ‘millionare-hood.’
- Investing in Businesses While Still Working For Another Person
Some individuals have become millionaires by investing a large percentage of their incomes in various businesses.
If you can’t climb the corporate ladder, you can, therefore, invest your income in businesses or stocks.
However, this method is also hard because you’ll always have to find time for managing your investments. People who became millionaires through this method rarely slept because they had to work for both their bosses and still manage their investments.
It’s hard to work on different things. However, it’s not impossible because there are some people out there doing it. If they can do it, why not us? Why? I don’t see why.
- Starting Your Own Company
You can become a millionaire by starting a company and giving it all you got.
The hard part of this method is that it will eventually require you to quit your job if you have one because starting a million-dollar company from scratch requires a large part of your time. You have to work for the company day and night.
Also, you might fail to receive profits in the first few years. For instance, Jack Ma’s company, Alibaba, never received profits in its first three years.
You have to have high levels of confidence in your company for you to dedicate all your efforts to it without realizing profits in its early stages.
- Using Your Talent
Some people have used their talents to enter millionaire-hood. Musicians, like Eminem (Net worth-$190 Million), Dolly Parton (Net worth-$ 500 Million), and Lil-Wayne (Net worth-$150 Million), have earned millions of dollars from their music. Besides musicians, some actors and sportsmen have also made millions from their talents.
This path to riches often seems easy, but it’s also a hard method. You’ll have to find your talent, and start working on it. And, you’ll have to withstand earning few or no dollars for a long period before you become rich and famous.
This method also requires you to be very humble in the beginning stages of your career. For example, in the beginning phases of her acting career, the ‘Game of Thrones,’ actress, Emilia Clark had to accept roles that many beginning actors would have rejected. She appeared in commercials, and she also played old ladies and prostitutes.
Besides humility, for you to earn huge money from your talent, you have to work very hard on perfecting it. You have to become the best of the best for you to get noticed.
For this reason, many people give up on this method because of the amount of hard work, and humility it requires.
I believe you have noticed that none of the 4 methods is easy. They all require hard work and extraordinary levels of determination.
Riches don’t come easily, and that’s why only 1 percent of the world’s population is above the million-dollar mark.
In the USA only 14,814, 453 people out of 325,000,000 individuals are millionaires ($ 1 Million dollars and above) while in Kenya, around 9,000 people out of 47,000,000 people are millionaires.
However, I believe that we too can reach the millionaire status if we are determined, and if we decide not to discourage each other, but to push each other harder. I hope we’ll meet at the top.
Thank You for reading.
If you have any other methods of becoming rich, you are free to list them in the comment box below. Feel free to disagree.
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8 Powerful Success Lessons We Can Learn from Billionaire Art Williams’ Speech: JUST DO IT
Art Williams (Net Worth – 3. 5$ Billion) is the founder of A. L. Williams & Associates. In 1987, he gave a powerful speech which is considered one of the greatest motivational speeches ever. In the speech, he revealed the primary factors that result in winning in business.
I always listen to the speech because it motivates me to take action, and also reminds me about the things I must continuously do for me to succeed. Below are 8 success lessons I learned from the Art William’s speech
- It’s Impossible to Win in Business if You Don’t Possess Mental Toughness
Success in business requires positivity, the ability to focus, and self-confidence. People who lack these qualities seldom succeed in business because they fall for distractions and give up during hard times. Mentally tough people succeed because they can persevere the difficulties they face in businesses since they are positive, focused, and self-confident.
- A College Degree in Business is Not Worth The Paper It’s Written On
According to Art Williams, a degree in business is not worth it as most business professors have no business experience because, as he puts it, “they deal with a bunch of theory.”
I support Art Williams because I have a business degree and I’ve never seen its importance in the business world. The business world needs experience and not papers. No matter how many degrees you have, you need experience for you to succeed in business. For this reason, an individual without a business degree but has business experience is more likely to win in business than a person with 100 business degrees with zero business experience.
Furthermore, many people who succeed in business don’t have business degrees because these degrees prepare students for employment. You can’t succeed in business by being prepared for employment, and being taught by someone who has never been in business.
- Artificial Things are not the Key to Winning in Business
Today, many people think that for an individual to succeed in business, he or she must have artificial things such as a high I.Q, and a college degree. Little do they know that the inner qualities of an individual are the primary key to winning in business.
That being said, a mentally tough person who knows how to relate with people is more likely to succeed in business than an antisocial, depressed person with a P.H.D in business.
- To Succeed You Must Get Excited
According to Art Williams, only the people who get excited with the journey to success succeed. Excitement makes you do things passionately and enthusiastically hence making it impossible for you to give up. It also makes you work hard because you become obsessed with whatever you are doing.
Furthermore, excitement leads to success because it makes you attract people who are willing to help you achieve your dreams. People prefer working with excited positive people to sad pessimistic folks. Therefore, GET EXCITED.
- Become a Dreamer
Art Williams agrees that having a dream is a key to winning.
I also believe that having a dream makes you win because in my experience, a dream inspires you to work hard and achieve big things. My dream to have millions of readers in my blog and to inspire the world with my pearls of wisdom always makes me excited and obsessed with working hard because I know that I will be the happiest person in the world if I live the life of my dreams.
This dream makes me work even when I don’t feel like working, and it also makes me embrace obstacles knowing that they are necessary for success.
- Believe You Can
If you believe YOU CAN’T you will fail because the subconscious mind always attracts situations that match with your thoughts. Besides this, believing YOU CAN’T will result in you wrongly interpreting obstacles since you will see them as a proof that you can’t achieve your goals.
Therefore, for you to win, you must believe YOU CAN.
- If You Want to Win You Will Be Controversial
If you want to win you will be controversial because you will have to do things that many people don’t. You will have to believe in achieving big things, and you will have to come up with unique products or services that people have never seen. For this reason, people will doubt your success.
- You Need a Firm Spiritual Life for you to Succeed in Business
Spiritual practices such as meditation can influence success in business because they clear the mind and make it possible for a person to make clear decisions. Besides this, embracing a spiritual life leads to inner peace that helps an individual succeed because a person with inner peace never worries when he or she meets obstacles on the journey to success.
You can check out my article, Does Spirituality Influence Financial Success for a detailed explanation of how spirituality influences financial success.
Hope the article helped. Thanks for reading.
You can find me at my private Facebook community: The Unbounded Wisdom Community for more ideas about success
If You Are Chasing Your Dream, You Are Fucked
This article is strictly meant for all those fucked up folks chasing their dreams. I always give you guys good news, but today I have bad news for you.
I believe you’ve put yourself in serious trouble by deciding to pursue your dreams because you have no choice but to persevere the hardships that all dream chasers face. You’ll have to endure the sleepless nights, anxieties, doubts, the feeling of giving up, and all other ‘negative’ things associated with dream chasing.
The good thing is that you can avoid these hardships by giving up. However, if you give up, you’ll have to live with deep regret and severe depression for the rest of your life because you’ll see people who were less skilled than you achieving what you gave up on.
Let’s say you want to be a rich and famous actor, and you know that you have higher chances of achieving this dream than most people. However, you give up after facing various challenges. A few years later, you see the people you knew were worse than you becoming award-winning actors. How will you feel?
You’ll feel bad, and people will notice it, and they’ll remind you that you had a better chance at succeeding yet you gave up.
That being said, it’s clear that you are fucked if you are following your dreams because you’ve set yourself for either regret or facing the many obstacles dream chasers face.
You’ll live with regret if you give up, and if you don’t give up, you’ll have to work hard till the day you’ll succeed. You’ll have to make lots of sacrifices, face criticism and rejection, force yourself to work every single day, risk failure, and experience slow progress even though you are working your ass-off.
I’m sorry for you dear because as a dream chaser, there is no turning back since you are like someone who landed on an island and burned all his boats. You just have to face the hardships dream chasers face or give up and drown in depression, stress, and anger forever. Either Way, You Are Fucked.
It’s horrifying, but it’s the damn truth. Following your dreams isn’t all fun and games, and so is living with REGRET and drowning in alcoholism because you gave up.
I love you so much. Thanks for reading
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