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5 Secrets Revealed
Key Ideas
2. The simple, yet powerful shift that occurs when you open your world to
new opportunities.
3. How fear can hold you back from realizing your wealth potential.
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How To Become A Millionaire –
5 Secrets Revealed
Editor s Note: Jaime Tardy has interviewed more than 120 millionaires to learn
the secrets for how to become a millionaire. She just published her new
book, The Eventual Millionaire, which explains the most important insights from
those interviews. In today s article, she reveals her 5 favorite tips to help you
become a millionaire. Take it away Jaime…
It s amazing!
The basic building blocks to wealth are always the same. All of these
millionaires seem privy to the same wealth building secrets .
That doesn t mean being rich or working towards a million. That means
working on the other aspects of your life.
Everyone thinks the million will give us the lives we want. I can tell you after
interviewing 120 millionaires, it doesn t.
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How To Become A Millionaire –
5 Secrets Revealed
If you want an enjoyable life, it s easier to obtain that enjoyable life first –
before making your first million.
It can still be about the money, but only after you choose your life.
After you become a millionaire, you can give all of your money away
because what s important is not the million dollars; what s important is the
person you have become in the process of becoming a millionaire.
– Jim Rohn
Action Item: Evaluate your life and change one thing you re not happy with.
Take a good, hard look at your life. Certainly there are things you would want
to change.
Choose one thing you re not happy with – maybe it s the lack of time you
spend with friends and family, maybe it s a lack of self-care.
Whatever it is, name it and find a way to change it so you can be happy.
Changing just one thing will have a profound effect on your life as a whole.
One of the first steps in that plan is often to get rid of your debts and take
control.
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How To Become A Millionaire –
5 Secrets Revealed
Debts have a nasty habit of controlling you and you have to take control of
them before you can ever achieve bigger financial goals!
Next, work on your lifestyle. Figure out what work makes you happy by trying
different things.
Figure out what your real goal is, whether it s to create a million dollar
business or just have enough money to retire comfortably. Then start to work
toward that goal.
Remember, your goal should be your own and not just a vague goal of having
a certain amount of money.
It s not all about the money and your goal should reflect that. While your final
goal will definitely include money, it should also include other things
important to YOU – to be the goal to achieve.
Action Item: Create a debt repayment plan and follow through with it.
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How To Become A Millionaire –
5 Secrets Revealed
List all of your debts and their minimum monthly payments. Figure out how
much extra you can pay on the debt.
Put that extra amount toward the smallest debt or the debt with the highest
interest rate and set them all on automatic monthly payments.
Once that first debt is repaid, take the entire amount you were paying on that
first debt and add it to the minimum payment of the next debt to accelerate
that payoff.
This is known as the debt snowball method and you can use this free
calculator to make the math easy. Follow this plan until the debt is gone.
3. Take Opportunities
Millionaires constantly rise to meet any challenge presented to them.
When an opportunity falls into their lap, they take it, barreling through any
obstacles that might be in the way.
The point is opportunities, especially the great ones, don t come very often.
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How To Become A Millionaire –
5 Secrets Revealed
They realize every excuse has a solution and they work hard to find the
solution to every excuse that may arise.
If you want something bad enough then you ll undoubtedly find a way around
any excuse you can come up with.
As they say, where there s a will, there s a way. Millionaires live by this code.
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How To Become A Millionaire –
5 Secrets Revealed
If you re someone who wishes to become a millionaire, then you have to live
by this code, too.
You can start with small things and see whether you can get around
excuses. The more you do it, the easier it will become.
This is a very important step because getting past excuses results in you
becoming less and less indolent with time. This creates a strong work ethic
and produces greater results.
Action Item: Identify one excuse you ve been using as a crutch and take
action to squash it.
Do you ever say, I don t have time for… or I would do that, but… ?
These are excuses that don t help you move forward. Identify one of your
more frequent excuses and find a way to overcome it and make that thing
happen.
If you feel you don t have time for something, take action by prioritizing your
time and making room for that one thing.
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How To Become A Millionaire –
5 Secrets Revealed
This is because they take those scary steps in order to keep moving forward.
The more we do things, the more normal they get.
For example, when I first started my site, I was a nervous wreck about
interviewing millionaires.
But now that I ve been doing it for so long, I m totally used to it. It s old hat
for me. The same can be true for you with that thing you re scared of doing.
When you think about the most famous millionaires, there are a few words
that probably come to mind, and one of these words is usually fearless.
That s because when they have a fear of doing something, they re brave
enough to overcome it, plow through it, and see their plan come to fruition.
Action Item: Do one thing you ve been too scared to try and just do it.
What have you been putting off because you re afraid of failing (or maybe
afraid of succeeding)? Name it and put it on the calendar.
This gives you a goal and a deadline. Once you do it, you ll wonder why you
were ever afraid to do it in the first place.
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How To Become A Millionaire –
5 Secrets Revealed
Sure, each millionaire story had its own unique twists and turns, but it was
striking how the core of each story was more similar than different.
The key is to implement these lessons in your life and see the positive
changes they ll make. That s why I provided you with specific action steps.
Just take the first step, even if it s scary. It s totally worth it!
Never lose sight of what s important to you, and don t forget it s not all about
the million bucks!
If you don t believe me, then here s a quote from my interview with Todd
Tresidder (you might be familiar with him):
Once I became a millionaire it was this big so what . I mean it led to one of the
most unhappy periods in my life and I couldn t really understand why.
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How To Become A Millionaire –
5 Secrets Revealed
leads to happiness and so it really sent me back kind of to ground zero and I
started reworking this stuff.
The goal is your happiness and life fulfillment. Learning how to become a
millionaire is an excellent next step in that journey.
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