7 Secrets of Self-Made Millionaires

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Learn how to generate multimillion-dollar wealth -- and enjoy the journey on your way to the top.
First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire.
While you may think a million dollars will give you financial security, it will not. Given the volatility in economies, governments and financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires last year found that 42 percent of them don't feel wealthy and they would need $7.5 million of investable assets to start feeling rich.
This isn't a how-to on the accumulation of wealth from a lifetime of saving and pinching pennies. This is about generating multimillion-dollar wealth and enjoying it during the creation process. To get started, consider these seven secrets of multimillionaires.
No. 1: Decide to be a multimillionaire
You first have to decide you want to be a self-made millionaire. I went from nothing — no money, just ideas and a lot of hard work — to create a net worth that probably cannot be destroyed in my lifetime. The first step was making a decision and setting a target. Every day for years, I wrote down this statement: "I am worth over $100,000,000!"
Related: 7 Rules for Coping with Sales Rejection
No. 2: Get rid of poverty thinking
There's no shortage of money on planet Earth, only a shortage of people who think correctly about it. To become a millionaire from scratch, you must end the poverty thinking. I know because I had to. I was raised by a single mother who did everything possible to put three boys through school and make ends meet. Many of the lessons she taught me encouraged a sense of scarcity and fear: "Eat all your food; there are people starving," "Don't waste anything," "Money doesn't grow on trees." Real wealth and abundance aren't created from such thinking.
No. 3: Treat it like a duty
Self-made multimillionaires are motivated not just by money, but by a need for the marketplace to validate their contributions. While I have always wanted wealth, I was driven more by my need to contribute consistent with my potential. Multimillionaires don't lower their targets when things get tough. Rather, they raise expectations for themselves because they see the difference they can make with their families, company, community and charities.
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No. 4: Surround yourself with multimillionaires
I have been studying wealthy people since I was 10 years old. I read their stories and see what they went through. These are my mentors and teachers who inspire me. You can't learn how to make money from someone who doesn't have much. Who says, "Money won't make you happy"? People without money. Who says, "All rich people are greedy"? People who aren't rich. Wealthy people don't talk like that. You need to know what people are doing to create wealth and follow their example: What do they read? How do they invest? What drives them? How do they stay motivated and excited?
No. 5: Work like a millionaire
Rich people treat time differently. They buy it, while poor people sell it. The wealthy know time is more valuable than money itself, so they hire people for things they're not good at or aren't a productive use of their time, such as household chores. But don't kid yourself that those who hit it big don't work hard. Financially successful people are consumed by their hunt for success and work to the point that they feel they are winning and not just working.
Related: How to Conquer Your Sales Fears
No. 6: Shift focus from spending to investing
The rich don't spend money; they invest. They know the U.S. tax laws favor investing over spending. You buy a house and can't write it off. The rich, in contrast, buy an apartment building that produces cash flow, appreciates and offers write-offs year after year. You buy cars for comfort and style. The rich buy cars for their company that are deductible because they are used to produce revenue.
No. 7: Create multiple flows of income
The really rich never depend on one flow of income but instead create a number of revenue streams. My first business had been generating a seven-figure income for years when I started investing cash in multifamily real estate. Once my real estate and my consulting business were churning, I went into a third business developing software to help retailers improve the customer experience.
Lastly, you may be surprised to learn that wealthy people wish you were wealthy, too. It's a mystery to them why others don't get rich. They know they aren't special and that wealth is available to anyone who wants to focus and persist. Rich people want others to be rich for two reasons: first, so you can buy their products and services, and second, because they want to hang out with other rich people. Get rich — it's American.
Related: Inside the Mind of Your Buyers
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Ree Truce - Austin, TexasI agree that Facebook is an "outlier," but wonder whether its relevance is in setting market expectations at lower levels. Kind of the way the high end of real estate markets drives the prices of the rest.
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Todd Allen - Emoryville, CAAm I the only reader who reacts poorly to this article's blurb, "Learn how to generate multimillion-dollar wealth"? That's the lead to the sleaziest of advertisements and sounds all so false, and inauthentic. I really have a hard time with the hard sell, which also sounds totally unrealistic. Is that just me?
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wubbawubba - in a treeGrant Cardone bases his sales pitch around the musings of a 4th rate Science Fiction writer and a cult founder by the Name of L Ron Hubbard thats where th Hard sell comes from Grant Cardone is a pimp for Scientology
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Redoran - PAI have had signs hanging all over the walls in my house that I look at every day, The signs are printed Five Million Dollars $5,000,000.00. Right now my wife is opening her second retail store in a a Major, Major American mall. To become a multimillionaire all it takes is positive thinking (read The Secret and get a gratitude stone) and "sweat".
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10FoldReturn - Colorado Springs, COThats toally how it is done. Mindset is the key to any success!
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GDT - Leonardtown, MD"The Secret" is a pile of ********* better than Grant, L Ron Hubbard, or any other "guru"...you want to be a millionaire? Then do something about it? Get your *** on the street and start making things happen. This article isn't the fountain of money you're looking for, but IS a good starting point.
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Carlos - Orlando, FloridaYes, I am far from multi million dollar business... but those points are absolutely valid. Obviously you need to be able to compete with your peers and excel. But without some of those points... you will just rely on luck. By experience people who believes in wealth=luck.... are all the poor people I know trying to catch up with their bills -and I know a lot of them-, blaming something to do nothing other than going to work every day for someone else. Mentality is everything... really... the mon
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The next step - Post FallsWe'll this has been mine and my husbands, exact, thinking for many years. And when we got married we were BROKE, not poor, but broke. And now after many years of doing basiclly what he is talking about, we are now making $100,000 and talking about where to invest next. I've read other multi-millionaire stories and they sound about the same as this article. Why don't you go ask rich people what they did to get rich and what their story is?
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Rico CEO - CaliforniaThe hard sell doesn't work for long term success. If you are a slam dunk short term thinking person this will work. For more solid facts on proven ways to build wealth long term read Thomas Stanley's books or Dave Ramsey. No sleeze ball sales lines "secret" and no BS, just proven ways people have built wealth with out get rich quick scemes. Just make the highest income you are capable off and live on a small portion of that income then save/invest the rest. Don't use high leverage (deb
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Family business - Washington StateWe are self-made multimillionaires, and did and do exactly the opposite of the given suggestions. We know others of our same ilk. We saw a need, had the creativity to meet the need, and organized ourselves to provide work for those who could join us in meeting that need. We reinvest the proceeds to make the business grow in a stable way, and are now owners of a business worth several million dollars. However, we still live in the same house, eat the same food, and continue to provide jobs fo
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Dream it and do it - TexasSame here (Family business). Three decades of hard work, suppling decent paying jobs for dozens of employees, from $200, built a net worth of only $6M, but now it's finally growing at the rate of about $400K-$500K a year. Supply buyers with the things they need at a consistantly better price than your competition and you can have a decent family business. I thought the article was fairly spot-on as far as the things that I have done to grow wealth. I haven't had a raise from my company in ove
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Beach Barista - myrtle beach scAnd how wealthy are all those folks who helped you get there? Just saying.
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Texas Liberal - Dallas, TXI agree with most of this - with the exception that "wealthy people wish you were wealthy too." That's crap. They want it all for themselves. There needs to be a major redistribution of wealth in the United States. Taxes on the rich are a joke. When I hear Republicans whine about taxes - it makes me sick. They should be thankful that they aren't 70% like they used to be from the 1940's to 1980. By the way - we had a broad and stable Middle Class as a result of highly progressive taxat
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FU Liberal - Texas NeighborSounds to me like you're poor. Because I've got a good amount of cash and I'm always showing friends and acquantances how to better themselves and make more money. You're a fool. Living life on the couch with your little laptop, not doing **** about anything...
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Think about it - pfYea, I agree, sounds like your broke! All the rich people I know, help and show others how to get rich. This country would be a lot better off if more people were rich. Like he said "there isn't a shortage of money". So go get rich. OR are you saying that if you were rich, you would be greedy and want to keep it all for yourself? Well, that is just not right.
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Suzy - IDSo why don't you go out there and become a millionaire and get the full experience for yourself instead of just listening to CNN say over and over that you CAN'T become a mllionaire. Poor people are the ones that are selfish. They only take care of themselves and never have enough to take care or help anyone else. And YES they can do something about it.
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seektruth - MassachusettsIf this is the motivation to become a millionaire, then God bless!
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seektruth - MassachusettsInstead of mentioning being rich, I would say get significantly envolved in the economy to help others. Money is just a paper. We are talking about resources, people, and the wisdon in which they are use. Being rich for being rich is not wise! See the "Les Miserables", the movie or the book from Victor Hugo. He is a good example. He was rich and powerful, but took nothing for himself. If you have a lot of money, there is no need to spend in luxury things like expensive cars, houses et
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seektruth - MassachusettsInstead of saying being rich, it is better to say getting significantly involved in the economy to help society. Money is just paper, it is better to talk about resources, people, and the wisdom of managing them. Money has been good mean to handle resources, but had turned a lot of people crazy. See or read Les Miserables from Victor Hugo. He was rich and powerful, and took nothing for himself. If you have time see also the biography of Dr. ******** If you are rich you do not have to buy expensi
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FU Liberal 2 - ColoradoRedistribution of wealth, like what the Obama administration has been pulling the last 4 years. That's working well isn't it? (Sarcasm) If you don't work, you don't eat. It is unjust that I should be expected to buy your food and pay your rent because you are 1) less successful than me and 2) a bleeding heart liberal who probably has a PHD in sociology or some other worthless subject.
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seektruth - MassachusettsIt is not about giving all to poor people just like that. That does not work. Is about doing your best with your wealth to help other people, like providing them opportunities and always doing the best thing for society and the environment. I am not ******* all the rich people, is that most of them are not grateful and do not do their best with what they have.
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seektruth - MassachusettsIf you have money, it is good to invest (of course in good businesses, and maybe not on things like petroleum companies or alcohol), but also invest in society, to help others, education, provide oportunities. Not all poor people are there because they are lazy. Most rich people are there because they had the opportunity. They must be grateful by helping others.
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seektruth - MassachusettsIf you are rich, what is better, spend $700 a month on a Mercedes or $300 on a Corolla and give $400 to improve the education to local schools. Remember, you could be or could have been one of those in need. Most luxuries are unnecessary and they are really a cheap substitute of love.
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Gary L. S - marylandThis is AWESOME! A great way to jump start my day!
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mOOner - MichiganYou are still dreaming... wake up!
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F*ck M00NER - Land of nothingComing from someone in Michigan? I'm from there and I left...no one there has a pot to **** in...
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mOOner - MichiganSure Tim, that's your take? Tell it any way that you would like. Don't let dillusional thought get in the way.
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Ambrell - Charlotte,Let mer guess... mOOner, ur unemployed. because only poor and unemployed ppl think as negatively as u do.
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Jackson Blake - San FranciscoRich people die with millions in the bank. It's part of their thinking. My goal is to spend every dollar I have while I am alive. I don't want anything to show for it when I am gone.
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Everyone Is Wrong - Im RightI'm sure your kids and wife will appreciate that when you leave them broke...good job man, keep living the dream...moron.
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Mike - IdahoI Agree!
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beauty - nigeriaMy name is Baeuty i agree to your opinion, but how can you start when you dont have any capital at hand. Example I have Two deep freezer with a big generator and I intend to starte Ice cream warehouse, but i dont have money to import goods. so what can I do.
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Jim - Laos1st, write a business plan. 2nd, go to your bank and give them this business plan on how to make money 3rd, ask for a loan. 4th, if they don't listen to you and will not loan you the money. Rob the bank!!!
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Gareth Andrews - New YorkMost of what here sounds like someone's idea of what it takes. This is one way to do it, but it'll leave you empty. This is not the right way. The point isn't to make money alone, but to also have a sense of contentment, right? Don't you have to harmonize all these things? If you want to brainwash yourself that's fine, but go ahead first, and canvass those out there who have done so, like Rupert Murdoch, and see what they think of their lives. There are better ways, and there are essential
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AC - ConnecticutThis article is the poorest form of deception. The entire system in America is built to keep classes seperated. If you have money and/or resources you can make money. If you do not have them in the first place, you are stuck. Being persistent? When the struggle is buying food or getting gas for work? This is a flim-flsm article and not worth any more time.
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Ambrell - CharlotteI am sorry that you feel this way AC. But i have to disagree. You can move into any "class" you want. You just have to study the habits of the ppl in that class, apply them to the best of your ability and you will reach your desired goal. For example if i wanted to become a real estate giant. But i had no investment money, but yet when i study my current budget isee that i am spending my money on things that temporarily arent essential like cigarettes, alcohol, cable, movie tickets, ma
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Brian - IllinoisI have found that self made millionaires also need the ability to step on others backs. I am not one because I refuse to do that!
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mOOner - MichiganGood for you Brian. The value of one's worth is not based on your wallet size.
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Ambrell - CharlotteNo not all self made millionaires are that way, mOOner will u please STFU. There are ways to acheive wealth on your own but still be a reputable person
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Raeh and Co. - BahamasThis has to be one of the best pieces I've come across online in a longggg time. Great Advice!
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mOOner - MichiganReally? Raeh, you should surf more often.
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charles - montgomeryThank you . It start to day, look out for me my name is E. C.Gray . and I love people that love improvment. have a great day.
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theavpnut - St. Louis, MOI didn't see anything in there about being honest, giving, or having high integrity. I read the millionaire mind and those are the top 3 traits of millionaires. Read "the millionaire mind" and "the millionaire nextdoor".
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mOOner - MichiganHonesty is the best policy... lets you sleep at night.
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Ms Ready4theBlessing - Chicago,ILMotivating, change the way you spend and think
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Bird - Naples, FlWhat I have noticed is the "new money" people, the people that are only worth 1-2 million dollars, they want the whole world to know. They are cheap and will screw anyone if they get in their way. And not to mention a real pain in the ass! They have saved all their lives and now for the last 10 yrs of it want the whole world to know! Now the real rich. The "old money". The people with 100s of Millions,They dont want anyone to know what they are worth. By looking at them, you
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david - texasdepends if they earned it or inherited it. Those who have worked har and eraned are hard workers and some can be nice- others are real pains because they feel entitled and then there are those who will lie, steal and cheat others on their way to riches
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Jeff - IndianaI once infiltrated the secret meeting of the current millionares of north america club. They had this up on a big cheap overhead projector that uses plastic transparencies and they this was part of a project to misdirect people to keep them poor. If everyone is a millionare then everyone is poor.
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Reece - Green BayHow to become happy. Disregard this entire article and focus on helping other people instead of helping yourself.
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mOOner - MichiganWell said Reese... well said.
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Beach Barista - myrtle beach scBravo!
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David - DallasReality is that more millionaires inherit wealth then earn/generate it- Who was polled?
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Kurtis D. Davis - facebookWe learn about that "God In Which We Trust", within the book sworn upon by the President. Therein, we discover that "the love of money is the root of all evil"---please notice it says "love of money", as distinguished from money itself. Henry Ford was a man who invented one primary thing---a business model which made an excellent product available to the entire population, at the lowest cost possible. His cash fortune resulted from production of tangible wealth, w
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fainsleep - Tennesseeno1: I wake up in the morning and remind myself that my worth as a human being is not dependent on how much money I have in the bank. no2: "Poverty thinking" creates humility, and the meek shall inherit the earth. Telling yourself to "eat, drink, and be merry" will not make you a multi-millionaire. no3: You don't need to validate your self worth by getting other people to acknowledge you. no4: 99% of people will not have a chance to "surround themselves with milli
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RJL - VirginiaThere are 3 kinds of people in this world. 1, Those who make things happen. 2, Those who watch things happen, 3, Those who wondered what happened. Self made millionaires are those who make things happen. Also Alibis are the sure successful way to failure. And those working for a living sure knows how to use Alibis. But the most important thing of self made millionaires is, they learn how to Control their Thinking, instead of them letting their Thinking Control them. The real Intelligence self ma
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mOOner - MichiganUh huh, uh huh, uh huh....zzzzzzzzz
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seektruth - MassachusettsProbably going to many seminars. Search within yourself the reason why you are saying all this. Is it by fear? by lust? Do not let them drive you. Let love drive you and things will be much different.
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Keith - CAThere needs to be more print like this to get Americans inspired and moving. I am 48 years old. Been self employed from age 20. Lost almost everything in the housing market a few years ago. Had to go to work for someone else to feed my family. "Time to re invent myself." I saved 20 % of what I earned over the last two years while writing a new Business Plan. I am thinking BIG. May 1, I am launching my new business in my state first and by next year will be going National. The day I sto
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Rachel - USAYou can't make money without spending money. And you can't spend money when all of your income goes to rent, food, gas, and student loans for a college education you worked very hard for but was a poor investment in an economy that low balls any new employees.. IF you are lucky enough to get a job. Wealthy people think positive because they forget (or never experienced) real life for real people. I bet they would not be so lucky if their entire paycheck went to necessities. And spending 20 dol
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Rachel - USAThough more power to anyone who is lucky enough to push through that and is in the right time at the right place.
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Keith - CAIf you want it bad enough there is always a way. What I have found in my life is when I feel overwelmed with bills its always been enough money coming in but too much money going out. You have to reduce spending. I cut my cable off, got a different cell plan and stopped dining out for over two years and saved about 20%. Now I have the money to start my new business. (I wish our Government could do this)
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Keith - CAIf you want it bad enough, there is always a way. What I have found is, that there has always been enough money coming in but too much going out. You have to reduce your spending. I lost almost everything I owned a few years ago. My income went from $200,000 a year to $50,000. Once I moved into a smaller home adjusted all of my bills, I then cut back again in order to save money. I cut off my cable, changed my cell plan and stopped dining out for over two years. I now have a new business plan
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Rachel - USAI've been there and I understand what you are saying. I went years without cable, eating cheap crap food, etc. The problem isn't 'not spending' money for me. It's making it. I am highly qualified, overly so, for all of the jobs I had been forced to take since college. But I dont have a choice in it. I have to work or else I'm homeless. And I can't wait around for a 'good job' to come along. It's all vicious cycle. It has nothing to do with mind set. Though I will say that I do believe the m
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Keith - CAYou may need to re invent yourself. I had been in the home building industry for over 25 years. I was planning to go bake to school and spend two more years and more money and then look for a new job. Instead I researched a whole new Industry and wrote a Business Plan over a two year period. I
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Ambrell - Charlottethere are many legit ways out there to create a secondary source of income that doesnt consume what litlle bit of free time u have left. i know because i am doing the same. work from home sales it creates decent second income and literally only takes a few hours a week so it is possible. i would love to show you or help you find some that could work for you.
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Beach Barista - myrtle beach scOne thing this person who wrote this forgets...If everyone were rich, who would support the endeavors of the rich? For example...take Starbucks. Howard Schultz is a very wealthy man...but it takes millions of baristas , like myself, that help him to stay that way... Let's get real...not everyone is supposed to rich...what's American? Hard work, and supporting one another the best we can.
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Marcel - BaltimoreDea Sir, I want to surrond myself with you. I have and innovative idea and I need advice. If you can find the IP address of this laptop you will find me. Marcel.
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abc - DetroitYou missed the main lesson your mom tried to teach you---life is about love, caring for those you love, and sacrifice to maintain the precious loves in your life. And all you have to say about your mom, who sacrificed everything for you, is that she instilled a sence of scarcity and fear in you! Reality check---you missed one of the most valuable lessons in life that money can't buy. Sounds like you never will learn it!
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Menachem - NYCIt seems that the other quality of "Rich People" is stupidity. Wealth is a zero sum game. if some become wealthy others must therefore be poor. Working hard has little to do with wealth, but greed, callousness and impulsiveness do. I am not condemning all of the rich, since there must be people of wealth with good social consciences; just as there are people who are not sociopaths who are wealthy. Exactly who will supply the workers, scientists, designers, professors, school teach
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Ed - TexasI'm not sure that just going after the money alone works out very well. Depends on what you have to sacrifice. You can make a lot of money, and still be a very lonely person. Perhaps finding something you love to do, then doing it really well, is part of the key. It's easier to be enthusiastic when talking to others about something when you already have a passion for it. Perhaps another key is to keep some balance wrt family and friends. Even Peter Lynch found time for his family.
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joe gauze - marsdont get married and dont have children
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seektruth - MassachusettsThe only way to be rich is by using other people. Being rich is really a pyramid scheme, unless you convince me that there is a way for all of us to be rich. The author mentions that we have to buy time by paying someone to clean our houses; i.e., having servants. People can not be rich without servant. I will translate some of the tips: 1) Decide to be multimillionaire - Forget about society issues, forget about helping the poor in need, forget about the environment problems, and just pursue a
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Dahl Rhiner - BostonThe one thing they taught us at the Millionaire's training academy was, don't tell everyone your secrets to getting there or everyone will be a millionaire and we can't allow that now can we!. Bet that, if you believe this you also bought the books on 'How to get rich quick', most likely way is to Sell a book called 'How to get rich quick'. Will folks ever figure that they can't take it with them. Talking about money does not make you sound intelligent but more the opposite IMO. Kind of like the
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Keith - CAI have owned several Businesses. While writing my Business Plans I have reached out to successful people that I had met and did not know well. They were more than happy to lend advise. Successful people like to share their success story. Don't be intimidated to ask. If you are, you don't have what it takes anyway.
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seektruth - MassachusettsThe only way to be rich is by using other people. Being rich is really a pyramid scheme, unless you convince me that there is a way for all of us to be rich. The author mentions that we have to buy time by paying someone to clean our houses; i.e., having servants. People can not be rich without servant. I will translate some of the tips: 1) Decide to be multimillionaire - Forget about society issues, forget about helping the poor in need, forget about the environment problems, and just pursue a
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Simone - Dallas, TXI cannot agree more with the author! To begin, we are always taught, from church, to school, to our parents and family, that financial wealth equals evil. The media has perpetuated this myth. Rich people are always evil in books, TV, and movies. The evil of financial wealth surrounds us in every walk of life, is ingrained in our thinking, and we perpetuate it. Time to stop the mentality of scarcity and get rich! Money does not buy happiness. It just buys you the time and gives you access to the
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seektruth - MassachusettsBeing rich is not bad, is what you do with the money. It is not what you do in this life what matters, is what drived you to do it what matters. I can device a new technology or business to help many peoples lifes and become rich. They money does not own me, I use the money, the money does not use me. If greed, lust drives you to be rich, either if you become rich or not, you will loose your soul in the process. If love is what drives you, you might become rich or not, it does not matter, you
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Abdinasir - HARGEISA SOMALILANDMy Name is Abdinasir, i read well these 7 points mentioned above, I always thinking how to be rich i have money to invest small shops or small supermarkets, but my country has a big problem which is lack of human resource, if there is no much customer there is no much revenue. that is why I am afraid to establish new company. But, anyone who lives developed countries can follow the above rules it's possible to be rich Abdinasir Hargeisa, Somaliland Horn of Africa.
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king - biloxi ,msThis is a really smart man you cant get rich thinking broke
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Evo - DaytonaCaptain Obvious must wrote this! All this tells you is how people with money and access to money get rich, "all good", however, that last part about how rich people want you to be rich is just about the strangest BS I ever heard! "If everyone we're rich, than no one would be rich"
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seektruth - MassachusettsPrecisely. If everyone is rich, then no one is. I will believe in rich people if they can be rich on their own. If they are alone in a forest, they can't be rich! They need many people under them to be rich, that it is why it is a pyramid scheme, not everyone can't win (actually just a few will win). If you want to be rich, then you are accepting and engaging in horrible selfishness, the root of all evils.
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seektruth - MassachusettsHard work, commitment, smart work, team work, and every success habit is good, and this can lead you to wealth. This is not bad. The important thing is what you do with the money, and why you become rich. If you want to become rich just for being rich, then throw the towel because you are lost!
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Marcella - Bergen, NJYou may be rich, but I know for sure I don't want to hang around with you.
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Nat - CAI laugh at all the negative comments, you know they're poor and will always be poor. They are good at snide negative remarks tho. I brought my son with me to the bank, the teller could not believe that I owned a successful business, she kept saying, "You own a business? You?! I don't believe it." I told my son that's why she'll always be poor, she doesn't believe it can happen.
Thank Yougreat insights...i'm beginning to understand the mindset of the rich...and it is a mindset!!
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Musician - Gaithersburg MDThe question not being asked is this - do you really want $100,000,000? I've got two words that say you don't. Two words that'll crush your desire to be that rich. Those magic words are "kidnap insurance". If you're not deterred by those two words, how can we trust you? Someone who doesn't care if he puts his family at risk, is a positive danger to the rest of us.
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crazy B - utahI need the money to even start when you go paycheck to paycheck it sucks i never have any money left over i think i just need a better job. When I know i have a job to make sure my family is taking care of. I just have big heart and help who needs help and everyone tells me you should charge them. Life is the greatest thing when i see everyone smiling and having a great. People who postive makes me like am doing my job. I hate when people just give up and want to take there own life. I want to m
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yes - NYits hard when the wife wont tells you you cant work out of state to make more money. And she wants you to be there by your kids side when they need you.But i know she right my family is worth more then money. Dont get me wrong i love money i want to buy my kids what ever they want and buy nice things for the house,or go on a nice trip.
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dodon'twhatever - universityThe most important thing about money is you can take it with you when you die. That is true happiness.
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James Young - Aurora Coloradolol this sounds like what my life has recently began turning into in these past few years. I am at the begginning of my multi-million dollar tale. Cant think poor even if you have nothing. that thought process will drag you and others down with you. It's going to be one hell of a ride. :)
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Xpert1 - ColoradoPeople should realize that many are or will be millionaires in their lifetimes. It's only $50K for 20 years. Given rising prices for just ablout everything these days we should all be aiming higher to become billionaires WITH A CAPITOL B! Now that is wealth.
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Scott - IdahoThe last two words sum it up for this guy, I doubt there is any amount of wealth that will satisfy these kinds of people. Yes America is a great place to live and I am proud to be an american but there is more to life than money.
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CAPTCHA - la vegasI have been running my own company for 7 years. It has not grown> I work alone for a huge corporation, but o;nly me. I like your outlook. I need to invest more of that in myself as well as my company. Thanks
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Dont Worry - RelaxSounds like the government paid msn to write this article to stimulate the economy and forget the deficit and depression and give hope and everything is cool...maybe not...who knows.
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Musician - Gaithersburg MDLet me translate these steps into English. 1 - Put money 1st. 2 - Abandon the poor. 3 - Make greed your creed. 4 - Hang with criminals so... 5 - You can learn how to steal legally. 6 - Back criminal enterprises that steal from the poor (steal from the rich, & you go to jail). 7 - Steal from as many poor people as you can. Remember stealing from the poor is capitalism. Not just legal, it's God's will because poverty is a character flaw.
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Larry - San Diegorich people should clean their own house. Hard work never hurt anyone.
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seektruth - MassachusettsThey can not do it, otherwise they can not be rich.
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wow - New Yorki am only 12 and i am still not a millioaire and ths artical does not even make sense this was a waste of time
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seektruth - MassachusettsIf you become rich sometime, please use your money and influence to help heal this society. Otherwise it would be a waste of time.
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Dude - SomewhereIf everyone were rich, then no one would be "rich." Think about it. A hamburger could cost $1,000,000, because everyone could afford to pay that. Being considered rich is only possible by comparing that person to someone who is not.
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seektruth - MassachusettsCould not be more true.
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JeromeMJ - ***********************Just because you got lucky on your deal doesn't make you a guru. Most rich people either inherited the money or got lucky. They all think they are geniuses but ask them how many of their new companies are making them millions. The answer is that the new companies lose there existing millions. As a wealthy person once told me "it is better to be lucky then good". He was talking about Bill Gates.
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stormymondayblues - New EnglandAs a self made millionaire (started a manufacturing business in a garage ** years ago and went through five years of absolute poverty before turning a corner with it), I could add an 8th secret to this list that relates to the issue of time mentioned in secret 5 above. Of the successful business people I know and associate with, none of them would know (or care less) about which survivor or American idol is voted off every week. They wouldn't know what a Snooki is or any other details of the r
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enlightened1 - VAugh- the values here, or lack of, make me want to vomit. yes. let's ALL throw away food and create waste so we can ALL have more for ourselves! blah!
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happy being poor - texasfamily and good friends, thats how I know Im rich. With money comes problems and you forget who you really are!
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jules78 - Kansas City, MOI sort of agree with "No. 2: Get rid of poverty thinking" - except I don't think that's really "poverty thinking" - it's how most people think. It's true on some level that to make money you have to spend money. You've gotta take out that business loan, or empty out your savings to make that prototype. I read that Sandra Lee (of Semi-Homemade fame) empited out her savings TWICE in her lifetime - once for a curtain business, and the second time to self-publish her first cookbo
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jack powers - new yorkas a multimillionaire i can tell you NOTHING in your article has ANYTHING to do with making money. in essence, your article is a complete waste of time. whoever wrote it has NO idea how to make money.....
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D - Fort lauderdaleWhile is true that hanging out with rich people may help you out.... hanging out with poor or normal people has made me understand what NOT to do to become wealthy.....
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seektruth - MassachusettsIt is the best way to get grounded. Give food to the poor, help the poor. By doing so it is way much easier to detach from material things.
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BowenHardcase - MassachusettsToo late for me. As I'm already 34 and without a college degree, I'm destined for minimum wage no matter what. It's nice article though, too bad it's just a pipe-dream. The only reason people are successful is because success was handed to them, much like a winning lottery ticket. Everyone who has ever "made it" has only done so due to a lucky roll of the cosmic dice. They were all born into success and had it handed to them through family, friends, education, and a strong support net
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seektruth - MassachusettsYour value as a person is not in what you have, but what you did with what you have.
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Ambrell - CharlotteBowenHardcase dont believe that for one instance. there are great ways to create a secondary income source that help give you a better financial freedom/stability. lets talk about creating a secondary source, *************************
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Nomad - LodiI was you. But I went back to school at age 36. I had 2 children and only a part time job. I put the community college expense on a credit card. No, it wasn't easy. I am now a millionaire at age 54. I did it by looking at spending and investing as the wealthy do. As you spend your money it should be looked at as an investment. Pay yourself first. No, I don't make a lot of money but what I do make I keep. I taught my children you can have money or things, you can look rich or you can be rich. I o
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littlelulu200 - Las VegasI need $7.5 million? Yikes. Guess I'm a tad behind, eh?
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cp05 - CAThe article seems to make much sense. It's straight forward and most of the key points mentioned are true because i know people who are successful and do think similar.
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jen - bothell, waI believe this article is good. Except for the statement about," Many of the lessons she taught me encouraged a sense of scarcity and fear: "Eat all your food; there are people starving," "Don't waste anything," "Money doesn't grow on trees." Real wealth and abundance aren't created from such thinking." I believe many millioniares, are actual very thrifty.
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Che Rockefeller - Tehran, IranThe author is dead wrong if he really thinks that anyone or everyone can become rich. The words and concepts of "rich" and "wealthy" are inherently self-limiting and exclusive. By their very definition, "riches" and "wealth" can only belong to a few. Riches and wealth can only exist by creating poverty at the other end of the spectrum. A child's see-saw and a balancing scale work on the same principle: for one side to rise, the other side must fall -- and
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Vis - USI don't understand why so many people have something so negative to say about an article they had a curiosity to read in the first place. It seems to me that many people have a self-defeating mindset and have a ton of resentment towards people that are either rich or are just sharing a positive frame of mind. It's sad to hear so many people tout that what is being said is false simply because it is not something that exists within their own reality. Your reality is what you choose to focus on. E
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Vis - USEven if some of these things don't fit in my paradigm, I will be glad to take in any piece of wisdom or experience from another. I appreciate it and wish everyone good heath, wealth, and/or anything they choose to have in life.
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seektruth - MassachusettsProbably the people you mention does this because they might be tired of the existing level of ignorance (possibly including the author of this article). If you see people drinking from a poisoned fountain, and you know it is poisoned, would you remain quiet?
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Vis - USHave I remained quiet? And to which, in this article and these comments, do you give credit as being the poison?
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seektruth - MassachusettsLoving money, more than anything else is poison. If you disagree, just look around....
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Jesse Marthell Webb - U.S.The things that Grant saysin this article are absolutely on point. Thisis a positive seed for a countryin need of Creators andInventors, Hero(s). I recently had an exchange with someone who thinks that thewealthy are 'evil' because they do not giveaway their wealth, essentially. It's this... "Give a man/woman a fish, feed them for a day. Teach a man/womanto fish, feed them for a lifetime".
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Nomad - 14626As a new member of the millionaires club I agree with some of these points. But not all people can just make it happen, create multimillion dollar industries. Look at spending as an investment. Pay yourself first. Max out your 401k and or roth IRA. If you don't think you can afford it I say can't not afford it. Give up your cell phone, cable, car. Whatever it takes. Calculate the cost of your luxuries. Cable, $100/mo. X 12 months = $1,200 / yr. X 10 years $12,000 compounded at 5% is a lot of mon
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NoComment - St. Louis, MONo. 8: Get paid to write articles with a bunch of made up advice. Many people who lived through the great depression in the 30's did pretty well later in life by violating #2 (poverty thinking). Too many nowadays use lack of ethics. Cheating on taxes, laying people off and distributing the extra work among the remaining employees and telling them they should be happy to still have a job, cutting peoples hours to part-time to get rid of their benefits, getting kids in other countries to do the w
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mr. daydream - chicago, ilI totally agree with #'s 1-3. As far as statements in #4 "Who says, "All rich people are greedy"? People who aren't rich", & "Who says, "Money won't make you happy"? People without money.", All I have to say about both statements is that this is sometimes, but not always true. I partially agreed/disagreed with #4. #'s 5-7 just sounded like typical internet entrepeneur babble, like the author is somewhat out of touch with the financial realities of others t
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mr. daydream - chicago, ilHi, me again, didn't get 2 say everything the 1st time around. I'll give this article a mild "Thumbs Up" just because numbers 1-3 are sooo true and can really steer you in the right direction if you practice those disciplines. No. 6 "Shift focus from spending to investing" will be hard in the beginning til' you get the basic things you need then you can start saving more. Keep in mind you'll more than likely'll have to invest a little money into your business as well. I al
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bgday - NJSurround yourself with multi-millionaires...I'd be very pleased to have just millionaires surround me! Seriously though, I'm open to suggestions on how to go about getting this aspect accomplished. Thank you!
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Connect - Dallas, TexasGreaty article, makes a lot of sence!!!
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Scott - CAThere was simply no meat in this article... It's all ***** and seasoning but has almost zero nutritional content.
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Donald Cranston - PhoenixThis advice is all along the lines of what Norman Vincent Peale preached in his "Power of Positive Thinking," and Dale Carnegie's "How to Win Friends and Influence People." So, yeah, but not terribly new.
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Joe Petree - Hollister, CA"Surround yourself with multimillionaires"? Really? How is just anyone able to do this? that's quite unrealistic for most of us.
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Po Tamblin - Richmond, VA"Get rid of poverty thinking" is a lot easier said than done. Especially when you're not sure how you're going to manage. It's kind of abrasive and unfriendly to suggest that poverty is just thinking.
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Marty - San Diego, CAI believe most of this thinking to be true, but there is no substitute for hard work. I don't mean manual labor when I say hard work. I'm directing it towards systematic investing and not careless spending unless it is on things you really need like food and basic clothing. Drive a basic automobile not a BMW. Live in an apartment not a big house. There are many ways to cut back and consolidate in your life. Spending is good for the economy, but not for you as an individual investor.
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w9LVNxjtu5Thanks for the very informative article! Ps. Get Paid ****************************
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girlie gonzalgoi - PhilippinesTnxs, it inspire me a lot! Even @ 50 i know i can still make it. God Bless!
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