I have read The Millionaire Booklet by Grant Cardone approximately 25 times. Why? My 10x Goal: To build a $250 Million Empire that will support the communities where I grew up.
Grant Cardone believes that Millionaire is the new middle-class. The middle class is gone. You must be wealthy to have financial success. To help your community, fund your goals and make a difference in the world, you need to be rich. This is not about self-indulgence or greed.
Becoming Super Rich
Being Super Rich means reaching your financial potential while helping others. The poor don’t get to build these museums, hospitals, or recreational centers for young people. People who live paycheck to paycheck are not eligible for scholarships and grants.
Your family’s financial success is what you can achieve by becoming Super Rich. It’s about creating wealth that will be passed on. It’s about giving back and elevating people’s lives. It’s all about supporting your church and community activities.
These are the 8 Steps to a Millionaire Booklet.
Step 1: The Millionaire Decision
It is up to you to decide that you want to be Super Rich. Commit now, and stake your stake. Then, say “I will be very, very wealthy one day.” Your financial future is dependent on your decision and your commitment.
People spend more time deciding what to wear, where they eat, and who to watch. They believe the middle-class lie. They feel comfortable. Comfort is the enemy to progress. You must let go of the notions that “Just Enough”, or “Getting By” is important.
Step 2: Do The Millionaire Math
First, decide to be super-rich. Next, you need to do the math. Most people will make one million dollars over their lifetime. You can earn $50k annually if you have a steady job for 20 years. This would have netted you $1 million. You could sell your house and your retirement savings to get a million dollars.
How much will it cost to make a million dollars? It’s up to you to do the math. This means that you need to find a vehicle that could take you to one million. Is it your job, real estate, sales, your business? Are you eligible for a promotion? Are there other streams of income that can be added to your current work?
Step 3: Increase your income
Increasing your income is the best way to become rich. You don’t have to save or invest. First, increase your income. INCOME IS KING. Income is the only way to build wealth. Income is the only thing that can replace it. It is the path to wealth. Star entertainers and athletes go bankrupt after they have finished their roles in movies or contracts.
There are many ways to make more money now. You can get a second job, make a sale of your stuff, or start a business using your skills.
You can increase your income by increasing it in small increments. It is not possible to increase your income from $2500 per month to $1,000,000 in a matter of days. Make your next goal $3000 if you’re making $2500 per month. Once you reach that goal, make $3500 or 4000 your next goal. Keep going. Step 6 is the key to securing your increases.
Step 4: Who has my money?
It’s simple… who has your money? You need to find people who have money or have access to money to increase your income. Look for people who are willing to pay you for your services. The new mantra should be “Who has my money?” Spend less time spending money with those who are struggling and more with those who can help you increase your income. Find a need and fill it. Then get paid.
Step Five: Stay Brave
You heard me. Keep your cool! Keep your expenses low, even if your income rises. A monthly cash flow plan is essential. You should know how much money each month you spend. People receive raises every year, but they still find themselves in financial trouble. Reduce your expenses and increase your earnings. If you can’t increase your cash flow, don’t take on more debt.
Being broke doesn’t mean you have to be poor. This means having a budget that will allow you to become super-wealthy.
Step Six: Save it All
Save to invest, don’t save to save. You can become super-rich by investing money from your increased income. My income surges, tips, and bonuses were the reason I was able to save $10k over six months. I did the same as step 5, but I was broke and I saved all my income growth.
Because they don’t invest enough in deals to pay off, people never make wealth. Save all your bonuses and surges when your income grows in increments. Keep the money you earn and save it for big deals. This gives you the time to learn how big deals can be found. My sacred account is called “Big Deal”.
Step Seven: Multiple Flows Of Income
You first increase your income. You can then find multiple streams. Finding symbiotic methods to increase the cash flow is the easiest way to go. What are other ways to increase your cash flow at your current job or in the future? Do you see any opportunities in your business? Expand your product range, offer more services, receive more tips or pursue your bonuses.
Step 8: Repeat, Reinforce, & Hyperfocus
Rinse, wash, and then repeat. These steps will help you get to the Super Rich faster than you ever thought possible. Get Grant Cardone’s Millionaire Booklet.
Charles Fitzgerald Butler is an author, entrepreneur, and expert in online marketing. Charles is passionate about helping others start and manage successful home-based businesses. Charles is available to help you partner and build multiple income streams right from your home. Charles’ goal for all those who partner with him is to increase cash flow and profit from their businesses.