How Can I Become A Millionaire With No Money ? Getting rich is easy, but if you are sitting there with no money wondering how can you get rich, you should take a look at the situation. Before getting rich, you need to make sure that your financial situation is in order. After all, if you are sitting on $5 million debt, then it does not matter that you are worth millions.
What it takes to be a Millionaire How can I become a millionaire with No Money? Everyone wants to be a millionaire. But the truth is, not everyone has the money for it. But don’t fret, because there are ways to make this dream come true. Almost anyone can become a millionaire, but it will take dedication and sacrifice. Any hobby or interest you have can lead you to finding opportunities that will end up making you money.
To Become a Millionaire from Nothing, You Need to Be a Hustler.
I follow quite many millionaires online. I love their stories, learning about how they got started, and seeing their growth over the years.
Let’s take Gary Vee, for instance. The hustler of all hustlers.
He’s all about execution and encourages grinding 24/7/365.
Can you do that?
If you can, then you can also be a millionaire by 30.
He openly shares his journey and that’s why he has a huge following on all social media channels. His Daily Vee show on YouTube is all about what he does on a daily basis.
Because he doesn’t actually have the time to just record and upload videos, or write on his blog daily, he just documents his journey.
He shares his work culture, posts while at the airport, strategizes in the car on the way to a meeting, and is being recorded by his team while taking decisions or meeting with clients in the office.
If you’re wondering how to become a millionaire from nothing, you’re on the wrong path, my friend. On a completely wrong path that won’t take you where you truly want to go.
Because quick money isn’t sweet. And we’re all about the lifestyle here.
It comes true hard work, dedication, years of sweat and mindset shifts, and patience.
How to Become a Self-Made Millionaire with No Money: The Habits
Be ruthless with your vision.
Create your vision by defining – then designing – your ideal lifestyle.
Set aside a few days to think it through, to write stuff down, to imagine a possible future that would make you satisfied.
Know what you want to eliminate from your current life, and what you need to add over the next few years.
Start building your online empire today.
I believe in a simple solution to creating the ideal lifestyle – earning passive income. And one great way to do that is to start a blog, grow it, monetize it strategically, and allowing it to earn you money for years to come while you move onto other business ideas.
If you do your best and dedicate all your free time to that, it will pay off in the long-run.
Today it’s all about attention.
With social media, blogging and videos, and all the platforms available that you can join for free and build a following there, you can grab interest and keep it. What’s more, you will know these are the right people.
The very first steps are:
- Do your research.
- Choose your niche.
- Know your strengths and use them.
- Build a site.
- Start a blog.
- Create profiles on social media.
- Start engaging people there.
- Create different types of content on a weekly/daily basis.
- Share your story with the world.
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Learn, learn, learn.
One of the main secrets of self-made millionaires is that they are passionate learners.
I don’t mean formal education. It’s not a coincidence that some of the richest and most successful people of today are college drop outs.
You can learn all that you need yourself. It’s called the art of lifelong learning.
It’s mostly a mindset, and it should go together with true desire and curiosity.
I’m talking about learning the ins and outs of the field you’re about to enter.
Learning all about managing money and dealing with numbers.
Understanding the main principles behind starting an online business, building an audience, creating a name for yourself, and engaging people with your content and brand.
Without this, you can’t make it.
For example, I earned my highest income from blogging in March 2018, yet it was also the month I invested $200 in my first online course Making Sense of Affiliate Marketing.
It’s worth it as I’m learning from the expert (Michelle from Making Sense of Cents who’s already earning $100K from her blog) and because I was literally leaving money on the table without having set up systems to make money from affiliate marketing. I’m now learning and applying the lessons.
Invest in yourself first.
Self-made millionaires’ most common reason on how they did it is that they read a lot, all the time.
That’s the way to get into investing too, even if you know nothing right now.
Warren Buffet used to read 1000 pages a day.
One of the best tips of successful people is to invest in yourself first. That means setting aside 15% of your money on a monthly basis, and investing it wisely.
But it also means investing in yourself by taking care of your well-being. Sleep enough, eat well, exercise, boost your mental and spiritual health too.
Even the busiest self-made millionaires do that daily.
They know how important an energetic body, peaceful soul and focused mind are.
Only the combination of these can let you be in top shape and perform well day after day, while building your million dollar business.
Work smarter and harder than your competition.
Identify your competition. How hard are they working? What are some differentiators you can bring to your workplace or market?
Start by working smarter. There’s no use in working harder if your work isn’t effective at producing income – you’ll be spinning your wheels.
There’s no sense in selling ice cream cones on your front lawn in the dead of winter. Instead, set up a booth at the park in the sizzling summertime – you get the idea! Simple, commonsense changes can greatly improve your effectiveness.
Work harder than others are willing. We’ve all seen the guy or gal at the office who works harder than anyone else. Maybe they’re a little nerdy or a little too interested in their job – or are they?
Maybe they’re onto something. After all, aren’t they the ones getting the promotions? Aren’t they the ones who become the office linchpins?
I remember when began my career with A.G. Edwards & Sons in 2002, I was in a training class of around 55 people. After completing training a year later, our class was reduced to less than half. My fifth anniversary mark? Only five of us were left.
Most failed. Why? Because they weren’t willing to put in the hard work required.
I beg you to not be afraid of hard work. Not only will your boss feel better about what you’re doing for them – you will too.
I’m not afraid to die on a treadmill. I will not be outworked. You may be more talented than me. You might be smarter than me. And you may be better looking than me. But if we get on a treadmill together, you are going to get off first or I’m going to die. It’s really that simple. I’m not going to be outworked. – Will Smith, Actor
Build something new that you would love – and be sure to experiment.
You can read book after book about how to research what your customers will love, and by the time you deliver it, they’ll already be bored with it.
If you’re the entrepreneurial type – I know I am – make sure to work on projects you can get excited about!
Chances are, if you create something that you’d use and love, others will too.
Millionaires understand that some of the best ideas don’t come out of costly research, they come out of a passion for making the world a better place.
Also, remember to experiment. Have fun! Some of my best ideas come out of experimentation.
In 1945, Percy Spencer experimented with a new vacuum tube while doing research for the Raytheon Corporation. He popped popcorn and melted a candy bar, and saw the great potential for this process which eventually culminated into the advent of the microwave.
Tim Cook, the CEO of Apple recently explained in an interview with Charlie Rose that it’s more difficult to edit than it is to create something entirely new. But I’ve learned that sometimes creating something new can be the best way forward to becoming a millionaire.
One of the things that I’ve been most excited about building is my blog. My financial planning practice was growing at a steady rate but after I launched GoodFinancialCents.com in 2008 my practice and revenue have grown significantly. Some of that is a direct result of getting new clients to my practice while the other more surprising revenue source has been directly from the blog.
A combination of advertising revenue and introduction to new business opportunities (because my name and face are all over the web) have been a huge blessing.
Here’s the thing you have to realize though: I KNEW NOTHING ABOUT BLOGGING.
That’s right. The launching of my blog was a total experiment and still is today. I’m always testing different ways to monetize and build my brand. Experimenting is the fun part!
You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new. – Steve Jobs, Former CEO of Apple
Stay focused in school
Slacking in school won’t get you anywhere. Your binge-watching habits will only hurt your GPA. There are tons of people who graduate in the top 1% of their class every year. Be one of them. You’re paying thousands of dollars for your education, so why not take advantage of it?
You can keep insisting that grades don’t matter, but it won’t change the job market competition. While some prestigious companies will tell you that “GPA isn’t the whole story,” it doesn’t mean they won’t ask for your transcript — because believe me, they will.
Graduating with a 3.78 GPA helped me land a job at Goldman Sachs. But it still wasn’t easy. I spent six months aggressively applying for jobs and went through 55 interviews before getting an offer.
Conclusion
What do you think when you hear the words “millionaire with no money”? It’s kind of a strange combination, isn’t it? How can someone be a millionaire if they have no money? When it comes to how to become a millionaire the general belief is that you need a lot of money in order to make a lot of money. And while that can be true for some people, there are ways that you can become a millionaire without having any money right now.