Want To Become a Millionaire? Follow these 4 steps.

If becoming a millionaire is the goal, here are 4 steps to help you succeed it.

April 25th, 2017   |    By: Neeraj Joshi    |    Tags: Success, Lessons

Learn How To Become a Millionaire

Do you want to become a millionaire? Asking doesn’t make much sense—Who wouldn’t want to be? But WHY? WHAT motivates you? And HOW to fulfill that motivation and become a millionaire? Let us get answers to these questions in the next 2 mins.

It is money which drives your expectations, needs and wants. The thing which helps and assists you in fulfilling them. It is a solution to most of your problems. Money can buy you almost anything, be it freedom, power, comfort, pleasure and the list goes on. Recently the most popular cliche that “Money can’t buy you Happiness” was proven wrong by a study conducted by Cambridge University. According to the study people who spent money in line with their personality traits were the happiest. You can judge the value of something, something that can dominate happiness. This is the reason WHY everyone wants money, more of it, wants to be a Millionaire. Keep reading to find out the 4 simple steps on how to become a Millionaire.

1. Think about the “WHY”

The first step is to find the reason. WHY do you want to be a Millionaire? WHAT is the objective behind it? Yes, money can buy you almost anything, but not everything. You cannot earn respect, purpose in life and gain trust through money. Having figured out the objective, it’s time we define some parameters. Think about the time frame, the risks that you are willing to take and the things that your are willing to sacrifice.

“To win big, you sometimes have to take big risks”— Bill Gates.

2. Do Extensive Research and figure out the Requirements

After figuring out the objective, its time to do some research. Search over the net, talk with your friends to figure out the THINGS that you can do to become a Millionaire keeping in mind the parameters. Figure out the requirements of those THINGS and analyze whether you will be able to fulfill them or not. If yes, HOW? Finally, come up with the THING that you would do to become a Millionaire. You have got a lot of options, you can start a business, get a job, invest in stock market or write blogs, anything that serves your purpose.

“Research is creating new knowledge” — Neil Armstrong.

3. Learn, Learn and Learn

After figuring out the THING and requirements, its time we go back to our school days and study. Search for relevant study material or courses online, follow the experts in the domain and look for their writings, connect and collaborate with appropriate people. Requirements that you discovered in the previous step are bound to change when you continue your journey through this phase. Just prepare yourself so that you can fulfill the maximum number of requirements.

“There is no end to education. It is not that you read a book, pass an examination, and finish with education. The whole of life, from the moment you are born to the moment you die, is a process of learning”— Jiddu Krishnamurti.

4. Start, Learn and Share

After doing the initial groundwork its time you start working on the THING. Don’t expect to get the results instantaneously. Start small, learn everyday and share your learnings with the community. Don’t be embarrassed by your failures, learn from them and start again. Try to get feedback from the community by sharing as much as you can.

“You don’t learn to walk by following rules. You learn by doing, and by falling over” — Richard Branson.

 

Becoming a Millionaire is all about HOW well you plan and strategize and HOW open are you to learn from your failures and start fresh. One thing I want to quote here: “Define, Plan, Strategise, Start and Learn”. 


About the Author

Neeraj Joshi

Hi, my name is Neeraj Joshi, Heading Product at Spinny, the largest dedicated portal for pre-owned cars in India. I am a serial entrepreneur and likes to share my learnings on Products and Startups. You can always find me on LinkedIn.

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