How to Become a Millionaire by the Age of 30?

Read Time:2 Minute, 42 Second

Who does not wish to be a millionaire overnight? It is such a taboo topic that is not addressed more often. For Most of the people that it is not possible to become one! But, indeed you can be. What if we tell you that you can become one by the age of 30!

Table of Contents

Jignesh Barsara tells a few tips on how to be a millionaire by that age. Excited? Read further.

1. Follow the money.

If you wish to be a millionaire, then you need to follow the money by an early age. Add multiple streams of income generation alternatives. When you will follow money, review will automatically come along and you can experience multiple opportunities to grow from.

2. Don’t show off, show up!

Work ethics are crucial to be a successful Entrepreneur. No, you don’t need to show off to other people that you have recently purchased a BMW or own 10 properties at a posh location. By this we mean, luxuries may give an individual temporary happiness, but you need to make sure that you’ve done enough investments to create a legacy further.

3. Save to invest, don’t save to save.

As laymen, we often forget to invest our money. We save it not for the investment purpose. When you save your money in a secured account, and don’t touch that money in any case of emergency, you will be able to increase your income. This is a continuous process.

4. Avoid debt that doesn’t increase your cash flow.

Most of us fall in the debt trap to create new things just for the time being, because we don’t have enough money. It is ideal to say, that borrowing money will make you fall deeper in the debt trap for the things which can not generate money. Millionaires use the borrowed money to leverage investments such that it can increase cash flows. Never make this mistake of making rich people richer.

5. Treat money like a jealous lover.

Be fearless in the pursuit of creating more and more money. Make it a priority and end-term goal that you can become a millionaire and you will do anything and everything in order to become one. Money is indeed like a jealousy lover. If you won’t run after it, it’ll run after some other person who loves it. Ironical, isn’t it?

6. Outwork your competition.

You need to outwork your competition. Cash flow is not aware of the holidays, offs, or timings and honestly, to become a millionaire; you should not be either. Have a great work ethic and money will flow your way!

7. Get a mentor.

It has found that most of the cream class has immense resources and knowledge. Get yourself a mentor and you will be able to expand the parameters of the confined brain.

The best financial advice would be to think big enough. If you set a goal for 10 million, then you may achieve 1million. We hope these tips may help you to reach your goals.

Be ethical with your work practices and never give up on your goal. Success and cash flow will knock your door in no time!