Do you want to be rich? Does becoming a millionaire appeal to you? Well, we've all heard the stories about the millionaire next door and the answer to the question of wanting to be rich is a resounding "YES". But it's a trick question. The real question is why? Why do you want to be rich? What are your goals? What is your vision for your life?
You see you will soon realize it is not enough to simply want money. Here's the truth, while everybody says they want to be rich, the fact is 98% of North Americans are not even close to becoming a millionaire. Those that have a net worth of over a million dollars are a rare breed. There are only about seven million people in North America who are millionaires. Now that may seem like a lot unless you are not one of them.
So why do I teach you this? Because the millionaires don't need the help - it's everybody else. It's the other 98% who need to learn the skills to become a millionaire and be set free. The reason I do what I do in writing articles like this is because I believe that we all have a gift and what holds us back from using it is financial worries.
My why is that I want to help people, remove the road blocks that hold them back from doing their best. So when I asked the question - Do you want to be rich? It's about what that money would allow you to do in your life. If you can figure out your why and you make it bigger than you, bigger than the money. You will then do the work necessary to get the money to achieve you goals.
There is nothing wrong with having a clear financial goal. I think a million dollars is a fantastic starting point. You can also have a bigger number than a million dollars in mind. But when you get crystal clear on your why, you will wake up every day hungry to make it happen.
The great thing is when you know your why it will never go away. You will then find it easy to do the things that will assure your success. Here are five things that will almost guarantee that you will be wealthy.
The first is that you must pay yourself first. You have to set aside ten cents or more of every dollar that you earn and put it into savings or investments where it can use the magic of compound interest to grow for you.
The second thing is you must know what your latte factor is. What are all those little things you spend your money on every day or every week that you could get away without having? List them, and decide what you could do without and add that to your savings every month. This little extra saved will make a huge difference in your wealth years down the road.
Third; do you own or do you rent. Renters almost never get rich - it's a fact. A house is a great asset to store your wealth. It's better still to own more than one house and leverage your down payment and have your tenant pay the mortgage and expenses on the second one.
Next you need to pay off bad debt as fast as possible. And use good debt to accumulate assets.
And lastly do you give back? I believe that when you help others you will get back more than you could ever hand out. Most people want to look back on their lives and see the legacy that they left behind. Let's face it the wealthier you are the more good you can do.
Get free access to a 45 minute video presentation on how you can become an automatic millionaire ® at http://GetInTheWealthGame.com You can also get more tips and a broader look at the current world financial situation on my blog http://DecidedlyWealthy.com
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