Wednesday, April 19, 2006

How To Be A Self-made Millionaire

Everybody wants to make a million. But must of us don’t have any idea how to do it. Most of us seem to think that millionaires just happen, but actually there are some common attributes that self-made millionaires share. If you’re wondering how to become a millionaire yourself, take note of the traits that seem to make these people successful.

First and foremost, self-made millionaires aren’t afraid of risk. They realize that in order to grow your money, you have to be willing to venture into new territory. Now, that’s not to say that they take foolish risks; in fact most millionaires have thoroughly researched their investments ahead of time. Even if the idea is completely new, the millionaire to be will have complete faith in the concept and have facts to back up the assumption that the idea will work.

A second very important trait of self-made millionaires is a saving mentality. Instead of making money in order to spend it, they make money in order to save it. These are two fundamentally different perspectives on money, and this way of thinking is responsible for many people who never had a really high paying job being able to make millionaire status.

A third attribute of millionaires is perseverance. Those who are able to make millionaire status have an innate ability to focus on a goal and never retreat from it. And most of the time, being a millionaire isn’t the goal. This type of personality thrives on challenge and success. They pick an idea and see it through regardless of the obstacles in their way. The money that follows is the icing on the cake.

So, if you believe becoming a millionaire is in your future, these are some attributes you can emulate to help you make your goal. Find a dream, stick to it, and be willing to make the sacrifice and take the risks that will make your financial dreams come true!

Source: Global Investment Insitute Tags: , , ,

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