How to Become a Millionaire

Millionaires are not as rare as you might think.  Someone in your neighborhood could be a millionaire.  One of your Facebook friends could be a millionaire.  You, yourself, could one day be a millionaire.  In fact, it is perfectly reasonable for someone to go from broke to millionaire in one year.

Zero to a Million

Most people who can go from zero to a million dollars are people who have already made their million.  They may have lost it all but they have one possession that brings millions.  They have the millionaire mindset.  If you have a mediocre mindset it will not be possible for you to go from zero to a million dollars in a year.  You have to have the drive, work ethic and vision that is present in the millionaire’s mindset.

There are people with the millionaire’s mindset that you can dump in a city unknown to them with just a few outfits and nothing else and they could go from zero to a million dollars in one year.  Their secret is nothing more than they have the millionaire’s mindset.

Leadership Skills

One of the main qualities shared by millionaires is leadership skills.  Millionaires don’t make their money by themselves.  The employ the help of others.  In fact, you can be sure that most successful business plans include people other than the owner of the business.  In order to get people to do what you want them to do to bring you money you must possess leadership skills.  Some people are born with leadership skills but that does not leave the rest of us out of the loop.  Leadership skills like any other skills can be learned.

Leadership skills is at the top of the list of skills needed to make a million dollars.  Even if you are a sole proprietor and the only one that you employ you would have to be able to lead your customers to buy from you.  So invest in your education and take in some leadership skills classes.

Are You a Millionaire?

There are at least two different ways to determine the answer if someone asks you “Are you a millionaire?”  One way to determine if you are a millionaire is to have $1 million or more in assets that you can invest.  This does not include the house that you live in or goods that you own.  The other way to determine if you are a millionaire is to add up your net worth.  To do this you would include the value of your residence as well as the cash you have, stocks and bonds, etc. and subtract your liabilities, the money that you owe.  If the net value is $1 million or more then you are a millionaire according to this definition.

If you have applied to your assets the preceding two ways of determining if you are a millionaire and have found out that you are not yet there, don’t be discouraged.  You can easily reach millionaire status by living beneath your means, making smart financial decisions and working on your leadership skills.

If someone asked you today “Are you a millionaire?” you might have to say no, but by 2020 it is expected that there will be 20,000,000+ millionaires.  There is no reason why you can’t be part of that 20,000,000+.  

If you learned anything new from this article then please leave a comment.