The 7-step “Millionaire Success Formula” is based on the universal wealth principles one must follow in order to eliminate financial obstacles, and achieve substantial, long-lasting riches. Make a personal prosperity plan. Develop a millionaire’s budget; written goals; and a financial policy statement Realize that financial success doesn’t happen by luck Invest first, last and always […]
The 7-Step Millionaire Success Formula Read More »
Too many people have millionaire dreams but no millionaire plans. Well, you can’t become a millionaire just by dreaming, wanting or wishing for wealth. You have to lay out a plan, and you have to execute in order to fulfill the goals within that plan. As you’re developing the framework for your millionaire’s budget, now
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Some of you may be saying: “Can’t I just do one thing to become a millionaire?” Well, I wish it were that simple. But the reality is that you have to take a multi-pronged approach in order to gain lasting material comfort and wealth. Just taking one or two steps – or even four or
No Get Rich Quick Schemes to Becoming A Millionaire Read More »
Let me also caution you, however, that there are several definite roadblocks to becoming a millionaire. Most are within your power to avoid. However, some are external factors and you’ll have to watch out for those pitfalls too. A few of the obstacles to achieving financial security are: Laziness Unfortunately, some people simply aren’t willing
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If you asked most financial planners and advisors about what goes into a budget, chances are they would tell you that a budget is broken down into certain categories. Some advisors suggest allocating everything into two camps: necessities and luxuries. Other advisors tell you to break your expenses down into fixed costs and variable costs.
Why Most Budgets Don’t Work Read More »
You can probably rattle off what your basic necessities are: they’re expenses like housing payments, food, transportation costs, and so forth. You may need to think a little longer, however, about the things that are important to you. For instance, let’s say education is important to you. Then you might choose to spend a portion
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After you write out your goals, I urge you to share them with your spouse, or significant other, and have the person do the same thing. You may be surprised to see what some of your partner’s goals are. It’s helpful to do this because then you both have an idea about where each person
The Couple That Sets Financial Goals Together Stay Together Read More »
Let’s face it: most people hate being on a budget. Most people, that is, except millionaires. You see, millionaires not only create personal budgets, they also stick to those budgets religiously. To the millionaire, his or her budget is really a short-term spending plan. It’s a detailed outline of what they choose to spend their
Budget is NOT a 4-Letter Word Read More »
No matter what your goals, you should know that writing your plans out gives you a far better shot at making them happen. In fact, written goal-setting is a phenomenally powerful act, as demonstrated by a number of high-profile cases. For instance, a 1953 study from Yale University surveyed the graduating class that year. Back
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