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THE FOUR PROVEN WAYS TO BECOME A MILLIONAIRE ($1 Million and above)

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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.

  1. 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 was once paid more than $3 million within three months, while Jack Welch received a contract termination fee of $ 417 million.

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.’

  1. 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.

  1. Starting Your Own Company

You can become a millionaire by starting a company and giving it all you got.

Many millionaires have used this formula. For instance, Richard Desmond ($ 1.45 Billion), and Mike Ashley ($ 3.8 Billion) built their million-dollar companies from scratch.

The hard part of this method is that it will require you to eventually 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.

  1. Using Your Talent

Some people have used their talents to enter millionaire-hood. Musicians, like Eminem ($190 Million), Dolly Parton ($ 500 Million), and Lil-Wayne ($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.

Concluding Remarks

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.

follow me on Twitter and Facebook. Twitter username – Isaac Wechuli. Facebook Username – Wechul Isaac

Facebook Group – The Unbounded Wisdom Community

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2 Comments

2 Comments

  1. Pinchez

    May 18, 2018 at 3:05 pm

    Wonderful post

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SUCCESS

Top 5 Lessons You Can Learn From Eminem’s Success Story – (Net worth – $190 Million)

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Marshall Mathers (Eminem), a rapper, actor, and music producer is my favorite rapper, and one of the best rappers in the world.  He has won two Grammy awards and a number of MTV Music Video Awards.  Furthermore, he has released one of the fastest selling albums in rap history.

I love Eminem because besides being a successful rapper, he has proved that anyone can defy the odds. His rags-to-riches story is inspiring to those who want to achieve greatness.

As one of his biggest fans, I have listened to most of his songs and read almost every story about him. Therefore, I have managed to learn some lessons from him that make me believe in achieving greatness.

Here are five crucial lessons I learned from one of the world’s greatest rappers.

  1. Your Economic Background Does Not Matter When It Comes to Achieving Success

Eminem was born in a very poor family.

Eminem and his mother once lived in a trailer park. Besides the trailer park, they also lived in public housing projects, and they were so poor that they relied on government assistance.

However, the poor family background never stopped Eminem. He worked so hard and eventually became one of the richest artists alive.

  1. You Don’t Need To Succeed in School For You To Succeed in Life

Despite his huge success, Eminem was poor at academic education. In an interview, he revealed that he failed 9th grade three times, and he never completed school as he dropped out when he was 17 years old.

For this reason, Eminem proves that your academic performance does not determine what you will achieve in life.

  1. You Can Defy the Odds

When Eminem entered the rap game, rap was considered an African-American art, and people believed that White-Americans could not rap. For this reason, people always laughed at Eminem whenever he went on the stage to rap because he was white. In his song, Lose Yourself, he raps that he was often, ‘chewed out, and spit out, and booed off stage.’

However, Eminem defied the odds, and he became one of the best rappers in the world even though he was a White-American. He has sold more than 200 million records across the world.

  1. You Can Use Pain to Fuel Yourself to Greatness

Most of us succumb to depression, claiming that life is unfair to us, whenever we face pain in our lives.

However, Eminem was not this type of person. He always used his pain to fuel him to greatness.

In some of his songs, Eminem revealed how pain pushed him to work very hard. He revealed that the pain of living in a trailer park, and the psychological pain he felt because he lacked enough money to sustain his family made him work very hard in the music industry where he eventually became a huge success.

All the pain inside amplified by the fact that I can’t get by with my 9-5, and I can’t provide the right type of life for my family. Cause man this God-damn food stamps don’t buy diapers  – Eminem, Lose Yourself

  1. Never Ever Give Up

Despite being told that he won’t make it in rap because he was a White-American, despite being booed when he tried to rap on stage, Eminem never chose to give up.

Most of us would have given up if we could have faced such obstacles. However, after being booed, Eminem always ‘upped his game,’ and went back to the stage to rap again till people acknowledged his rapping skills.

‘I’ve been chewed up, and spit out and booed off stage. But I kept rhyming and stepped right in the next cipher (Rap Competition)’ – Eminem, Lose Yourself

Which point inspired you most? Anyway, you can add more lessons you have learned from Eminem in the comment box below.

Thank You For Reading

N/B- Follow me on twitter and Facebook. Twitter username – Isaac Wechuli. Facebook Username – Wechul Isaac

Facebook Group – The Unbounded Wisdom Community

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SUCCESS

I Just Realized 5 Great Sacrifices We Have to Make for Us to Be Filthy Rich

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Getting rich is as a hard as rocks. Despite having to work hard, persist, persevere, build discipline, and embrace patience, we also have to make enormous sacrifices for us to increase our chances of meeting massive financial success.

As I was reading the biographies of self-made millionaires, I realized that none of them became successful without sacrificing a thing or two. Therefore, whether we like it or not, we’ll have to make sacrifices on our journey to riches.

It also dawned on me that the more things we can sacrifice, the quicker we move towards financial success.

I pinpointed the main things I realized we have to sacrifice for us to be rich.

  1. Sleep

Sleep is sweet, and most of us would sleep forever if given a chance. However, to achieve financial success we must sacrifice sleep because the less we sleep, the more time we’ll have to work on our projects.

When asked when he sleeps,50 Cent (Net worth 15 Million USD) revealed that sleep is for poor people because he spends most of his time working.

Besides 50 Cent, Marissa Mayer (CEO of Yahoo), Donald Trump, and Jack Dorsey (Founder of Twitter) sleep less than 6 hours, and they agree that part of their success is owed to sacrificing sleep.

  1. Time with Friends

Secondly, for us to be filthy rich, we have to sacrifice the time we spend with our friends, especially unsupportive friends.

When we are with our friends, we always gossip or remind ourselves about childhood memories. We talk and do many things that are not related to financial success. We forget the fact that time is running and time is also money.

We don’t realize that we’ll progress quicker if we use this valuable time to work on our business or cultivate the skills we need to climb the corporate ladder.

  1. Social Status

Most of us hold a social position that defines who we are in the society, and we are willing to die for it. Little do we know that for us to be wealthy, we must never care about our social status.

The journey to wealth requires us to be as humble as hell. Sometimes we’ll have to live a modest lifestyle so that we invest a large percentage of our income in our businesses.  Besides this, we might be forced to do odd jobs for us to find money to fund our projects.

To be successful, you need to sacrifice who you are for who you need to be – Eric Thomas

  1. Entertainment

Entertainment wastes a lot of our time.

For instance, we waste more than 6 hours on TV everyday even though it provides zero benefits to us.

For us to be rich, we need to minimize the time we waste on entertainment and use a large part of our time to work our asses off.

  1. A Relaxed State of Mind

Most of us wish to have a relaxed state of mind. We want to be free from anxiety and stress. However, if we’re going to get rich, we must sacrifice having a relaxed state of mind because the journey to wealth is full of anxiety and stress.

The journey to wealth is full of uncertainties. We’ll always worry about whether we’ll make it or not. And we’ll also be stressed because most of the time, we’ll invest lots of money in projects which will fail. Besides this, we’ll meet millions of obstacles that will stress us to the point of giving up.

For this reason, we must be ready to sacrifice a relaxed state of mind and start embracing worry, anxiety, and stress if we want to be rich.

Concluding Remarks

In conclusion, getting rich is a tough job, because apart from the hard work, we’ll have to sacrifice lots of things. Many people give up after realizing that they’ll have to make significant sacrifices.

However, you and I are not many people. We are the next 1 percent because we have already decided to do whatever it takes. I always encourage myself to make both big and small sacrifices because I know that life is marvelous on the other side.

I hate an ordinary life, I’ve been on the cheering squad for long, it’s time I get in the game, play and get people to cheer for me. Therefore, I’m ready to make as many sacrifices as possible, and I believe I will make it. If other people can be rich, why not me? I don’t see why.

Thank You For Reading.

follow me on Twitter and Facebook. Twitter username – Isaac Wechuli. Facebook Username – Wechul Isaac

Facebook Group – The Unbounded Wisdom Community

Also, if you enjoyed this post, please consider sharing it on social media platforms, i.e facebook, instagram, or twitter.

N/B – Photography – @simplykech – 0735891691

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