10 Money Rules to Become a Millionaire

Did you know that you don't need to have

a top paid career in order to become a

millionaire ? It's less about how much you

earn and more about what you do with the

money you have, in fact a survey of over

ten thousand millionaires across the

country showed that the top three

professions were engineer accountant and

teacher .

Wait a minute did that surprise

you like it did us would these people

have in common is that they have the

skills and knowledge to manage their

money they avoid the common pitfalls,

that most people fall into and if you

take the next few minutes and learn the

proper framework just imagine what you

could do with the money you are earning

or will be earning with this in mind

let's have a look at 10 simple Money

Rules that will help you become a

millionaire ,make sure that you watch

until the end you don't want to miss a

single, one

foreign

style billionaire club where future.

Millionaires and the new Rich come for

inspiration and education on how to

reach their goals build true wealth and

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remember getting rich is more fun,

together so let's get into it shall we

there's no secret formula to getting

rich there's no get rich quick scheme

that's going to work for everyone either

those things tend to be flukes rather

than guarantees and we aren't saying we

can't Inspire your Eureka moment that

sends you into the stratosphere of

wealth in one ,Fell Swoop but if we're

being realistic success and wealth takes

many discipline steps and tremendous

learning what we do have are a few.

Straightforward rules that will keep you

headed in the direction of your dreams

follow these and you're going to

increase your wealth that is guaranteed

let's take an in-depth look one get some

good income streams going on first,

things first you're going to need money

coming in preferably from more than one

source make it easier for yourself by,

finding work that you enjoy doing set

yourself up for Success from the get-go

if you do a job you love then you'll

want to become better at it you'll be

happy to put your time and energy into

it your creative juices will flow we all

know that, you need to work hard to get

money but that doesn't mean it has to be

a struggle entrepreneurs often report.

That they work 12 plus hours a day do

you know how they do this because they

find Value and meaning in what they do

yes it's hard and it's challenging and

it's worth it it's certainly worth,

finding other income streams too if you

can find a side hustle that doesn't take

up too much of your time and energy and

funnel some of your creative energy into

that these side Ventures.

 Don't have to

be permanent or one of them may take off

and turn into something greater what

we're doing here is maximizing your

income the more money you have coming in

and the less spending you do the more,

you can save and invest two save save

save as soon as you can start saving at

least 20 percent of your income after

tax more if you can to do this you're

going to have to learn to be money Savvy

budgets goals and tracking are going to

become your friends along this journey

so you might as well start now not all

of your money will stay in savings but

it's essential to build up a financial

cushion that's easy to access safe

enough to pay all your bills save enough

to give yourself a few months cushion

should you find yourself out of work

save enough so that you don't go into

debt for larger essential purchases save

enough so that you start enjoying the

process and could see the benefits of

saving three invest and grow your money

the real fun begins when you begin to

look at investing your money there's so

many different Investments that you can

make and it can be difficult to choose

what's best take advantage of compound

interest high yield savings index funds.

Stocks precious metals and crypto by the

way if you haven't watched our video on

compounding interest now would be a good

time you can definitely keep risks low

and still watch your money grow however

consider using a smaller proportion of

your money to invest in higher risk,

strategies the old adage don't put all

of your eggs in one basket works well

here a good idea is to invest in

something that you already know about

and are interested in it if you're

interested in something you're more

likely to want to understand what's

going on remember that long-term

investments will give you the best,

return but they need time to bear fruit

they're meant to weather the storms of

the highs and lows of the stock market

so that you can build wealth that you

can enjoy in the future Investments can

be done on many different levels sure or

long-term high or low risk and

everything in between what's important

is that you understand what you're

investing in and why four spending less

than you earn one thing you won't be

doing while you're building your wealth

to become a millionaire is actually

living like one not yet anyway while

you're still in the building stages

you're going to need to have the

willpower and discipline to channel your

money into savings and Investments so

that it can start to work for you this

means that you're going to need to

consider what you're spending your money

on your outgoings have to be smaller

than your income it's time to cut out.

Impulse purchases so learn to step away

from that urge of instant gratification

from spending and find other ways of

getting a dopa being hit that aren't

shopping related set good boundaries

with yourself over this and keep your

goal in mind remind yourself that it's

your choice to do this you're choosing

long-term Financial Freedom over

short-term spending look towards

optimizing your spending by searching

for deals on insurance and Health Care

bulk buy food basically Live Like You're

a poor student however don't cut corners

on your health and mental well-being

you're looking for deals not scrimping

on Essentials what can you think of

right now that you can make savings on

have you been putting off changing

energy companies are you paying any

monthly subscriptions to services like.

Netflix that you're not using anymore

have you seen any great bulk buying

offers recently let us know in the

comments below remember to subscribe to

our Channel hit the like button and

share with friends who needs to hear it

now back to our list 5. get into

planning and goal setting it's far too

easy to lose track of your goal lose

heart and sink into despair if you're

not seeing results as fast as you want

to to stop this happening get into the

habit of setting goals sure and long

term and to track your progress you need

to be tracking your outgoings set,

budgets automate savings and payments

and regularly check your account to

ensure all is running smoothly this will

keep you heading in the right direction

by giving you solid proof that what

you're doing is working and it will soon

show you when it isn't there may be

times when you need to readjust your

course or you'll be able to do it far

more easily when you know where you

stand simply by looking at the

information in front of you rather than

guessing and acting on how you're

feeling this is all part of money

management and it's something that you

need to learn if you're serious about

building your wealth you're taking on a

major project sure it'll be fun but

success is certain when you take control

of money rather than letting it control

you six invest in yourself there's one

person at the heart of wealth building

the one who is driving everything

especially in the beginning and that's

you you will need to invest in yourself

learn learn and keep learning start to

recognize when you feel stuck and

whether you need a break fresh ideas or

if you're stuck due to lack of knowledge

you can gain all the skills you need

while you're building your wealth so

don't be afraid to go on courses and

talk to people who have have already

built up their wealth and read a lot

education isn't just about learning

facts it's about opening your mind to

different ways of doing things that

ultimately make it easier to reach your

goal this brings us on to seven check

your mindset your mindset is a

difference between reaching your goal

and succumbing to long-held beliefs that

will keep you where you currently are.

Millionaires think differently about

themselves about money and about wealth

you won't find a millionaire saying that

money is the root of all evil and that

it isn't meant for people like you they

know that money simply doesn't care

about these things only people do

millionaires see opportunity for growth

not reasons for staying as you are money

is not an emotive subject to them it's a

tool to use you might find that you have

a narrow or rigid mindset about money

all that means is that you have certain

ideas around money and wealth that

likely aren't that useful they're,

limiting what you think you can do don't

worry though your mindset can be changed

by finding out correct and more helpful

information simply knowing that you have

a limited mindset is enough for you to

start looking for information to open up

your mind to new ideas basically being

honest with yourself about what you

don't know and need to find out about so

do your research read about millionaires

watch videos about them listen to advice

from them they've achieved what you want

so they're worth listening to there are

many ordinary millionaires who have

ordinary jobs and they have achieved

what you're Now setting out to do eight

build your support network although it's

not a money rule or a habit

relationships have a huge impact on our

lives so make sure that yours are

supportive and loving having a strong

support network makes all the difference

in short anyone who wants to see you

thrive allies friendships business

acquaintances a coach or therapist has

your back when you're not thriving these

people will lift you up and make you a

better person if you find that your

support network pulls you down rather

than supports you then it's time to look

towards setting boundaries with yourself

and the people around you it might also

be a signal that you need to be on the

lookout for different people to form

bonds with relationships are a two-way

street so bear in mind that although you

can't be everything to everyone you can

certainly help where you can nine future

proof your wealth nothing is certain

except death and taxes is a well-known

quote by Benjamin Franklin although the

future isn't certain there are things

that you can do that will cushion the

blows and protect your wealth firstly

get some good advice about minimizing

the tax that you pay make sure that you

have health and disability insurance so

that your wealth is protected and

doesn't disappear should you encounter

unexpected health issues later in life

lean on professionals wherever possible

and necessary to develop strategies to

protect and Safeguard your wealth and

your livelihood 10. pay off and avoid

debt last on the list is ensuring that

you're moving forward without debt

dragging you down deal with all your

outstanding debt make sure that you're

paying off high interest debts as soon

as possible and don't take on any bad

debts such as car debt payday loans and

credit card debts this may mean that it

will take you longer to start saving and

investing but you're moving forward by

taking control of your financial

situation this is always a good thing

you're on a journey and sometimes that

simply cannot be rushed getting into

healthy financial habits is an integral

part of growing your wealth and wealth

management there's a reason why so many

lottery winners lose their wealth as

quickly as they gain it they don't know

how to manage their money and we don't

want that to happen to you Jim Rohn says

if you're going to make a million

dollars best you become a millionaire so

you get to keep the money we hope that

you've found our list of 10 Money Rules

and habits that will help you become a

millionaire useful we want to demystify

wealth and help you along your journey

so that you could see what's possible so

remember one get some good income

streams going on two save save save

three invest and grow your money four

spend less than you you earn five get

into planning and goal setting 6. invest

in yourself seven check your mindset

eight build your support network nine

future proof your wealth ten pay off and

avoid bad debt so what rules can you put

into place now to begin to secure your

future millionaire status which of the

rules is an easy no-brainer for you to

implement straight away remember for the

rules to work you need to put them into

practice the sooner you start the sooner

you'll see a difference in your wealth

status let us know the first thing that

makes sense for you to do in the

comments below remember to click on

subscribe like and share with any

friends who you think could benefit from

this we'll see you on the next one and

keep helping you build on your path .

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