How many self-help books are there on how to become a millionaire overnight? You can bet that a lot of self-help authors are trying their best to strike it big by selling a million books to one million gullible readers. So we just told you the quickest way to become rich: write a book, preferably very short (the average attention span in America is equal to the speed with which you surf the web), and spend a million promoting it on television.
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How To Be A Millionaire: Secrets To Success!
Seriously, the main difference between poor, middle-class, and rich people is the mindset: the attitude and skills. I am not a millionaire and your reading of this article isn’t going to change that, but I have talked to quite a few millionaires. Some of them simply inherited the wealth, so no merit there. But the others shared something that stands out immediately when you have a chance to study their life and their psychology, as I’ve tried to do.
Case #1: The Industrious Entrepreneur
They all have a powerful internal drive. I was able to work very closely with two persons who started middle-class and ended up very rich in just 5 years. The first one started by dropping out of high school and going to work for a small factory. After 6 months, he had mastered all the processes needed to manufacture the product. He was promoted to shop manager at the very young age of 22. Two years later he had saved enough to start his own business, and the rest is history!
Of course, most workers are content to work for somebody else and receive their weekly wages. And many don’t have the inclination or the drive to do much more. Another quality that millionaires have is ambition; but ambition per se isn’t sufficient. You need skills, talent, and a niche. I have the talent, the skills, but I have never had THE Drive. Ironically, this doesn’t prevent me from being reasonably happy, a condition that seems to elude some of those who have THE Drive.
Case #2: The Shrewd and Lucky Millionaire
The second millionaire I know found his niche after working for 10 years as a software executive. He had developed this close relationship with the head of a big company who offered him the opportunity to supply said enterprise with all their software needs. A little kickback was involved of course. The software guy believed he could find business success and set up his own software company, small at first, but growing exponentially as the market opened up during the Silicon Valley big bubble in the 90’s. He got out just in time.
Do I Have What It Takes?
There are some folks who would go into business for themselves despite the recession — they’ve got the determination to make it. So Drive (with a big D) is an essential component of the millionaire project, if you are interested. Analyze your skills, your talent(s), and your willingness to sacrifice leisure, vacations, and even family time, during the next 5 to 10 years. If you said yes to all this, go and find your niche. Some people became rich flipping houses, which was their niche; others invented a new fabulous product or process, again in their niche. But whatever your preference, remember that there is a price to pay for becoming a millionaire: Peace of Mind? Happiness? Family? Or None Of the Above?