Or maybe you’re ready to take things up a notch and finally start that business you have been dreaming of, but are afraid of the financial risks and not sure you want to give up the perks of a salary and benefits.
The biggest question you may be asking yourself is: What are you willing to give up to create the life and business that you really want?
Here are some tried and true hacks from a millennial’s perspective that just may lead you to becoming a millionaire.
In the beginning, learn as much as you can from free resources on the Internet.
When I first started out, I spent months learning how to optimize LinkedIn. I realized it was an extremely valuable and underutilized social media site so I utilized my expertise from a year of studying the site’s power to provide value to others.
Network the old-fashioned way, face-to-face, as well as online. Create real relationships. Rather than trying to be better than your competition, be different.
If you have a mission or vision for your business, keep your overhead as low as possible. For example, you no longer need to have a downtown office to verify your legitimacy.Thousands of entrepreneurs work from home, the library, the coffee shop. You don’t need a brick and mortar location, especially if you aren’t selling a physical product.
I personally didn’t even buy a car until I moved from New York City to L.A., and when I did I took my “Rich Dad” advice and purchased a used 1991 Cadillac outright from a mentor. Put your vision first and after you have become successful, then you can splurge.
If you are going to invest in anything at the beginning stages of your business, be sure you are investing in yourself.
Hire a coach, enroll in online business classes with people you admire, get into a mastermind. Figure out ways to get the skills and knowledge you need to get where you are going.
If you haven’t heard already, meditation is a powerful life hack. It can improve the clarity and function of the brain, lower your blood pressure, and so much more. As the stakes rise in your life and business, you will benefit from meditation because it will help you to handle stress better and manage your time and focus.
Most entrepreneurs — even myself — have fallen into the trap of focusing solely on their business and neglecting their physical health. While hustling to get ahead and make a successful living on your own wind power, you may lose track of how many months have gone by since you moved your body from the desk chair. Richard Branson attributes his energy and stamina to daily workouts and considers exercise to be his secret weapon.
Make yourself invaluable to your networks. Be a connector, set yourself apart by sharing resources with others at events and creating valuable connections for others.
Can’t find a networking group that feels like a good fit? Start your own.
Living is giving. Especially while you are starting out, be sure to give above and beyond expectation.
This entire generation is outside the box when it comes to innovative business and money-making platforms. From Tim Ferriss’ The Four-Hour Work Week to virtual assistants, crowdsourcing platforms, information products online and so much more, we are still just scratching the surface of what is possible.
Be yourself because everyone else is taken. No one is you-er than you.The more different you are, the better.
Use your differences to stand out in a competitive marketplace and follow your heart in matters of life and business.
Never ever give up. Starting a business and going out on your own requires all of you. Each failure should be seen as a learning process and when you welcome failure you will see that it goes easier for you. We all fail. Majorly. Over and over. And we get back up and keep going for our dreams for as long as it takes.
More opportunities are available today than ever before. When you realize that your attitude and mindset are of utmost importance, these life hacks will catapult you toward success. There are quite a few of us millennial millionaires out here who would love to see you achieve all you set out to do.
Most people view being a self-made millionaire as such an unattainable goal. The truth is, these days its easier than ever to have multiple revenue streams at the same time that earn you money in creative fun ways! But the myth of being a millionaire is that it affords you more money than you can dream of what to do with!… Not true.
However, it does keep things comfy for yourself and those around you and at the end of the day, thats a goal worth striving for. We found this awesome article on inc.com and thought we’d share it with you. Time to take notes on the 10 tips to become a self-made millionaire…
What we mean is, they don’t spend the way most people you would conceive as millionaires do. Those people who spend money like it’s going out of style generally end up broke. They must file for bankruptcy and get rid of their fancy house, cars, and materials to pay their debt. Self-made millionaires know the value in not spending all their money. They know waiting for what you want and saving for what you need is the only way to get there.
More than not, when you meet millionaires, they are penny pinchers. They will be a little more stingy with their money. And that is OK! You don’t have to help every Tom, Dick, and Harry out there! They are wise with their money. Some of them are maybe a bit like Scrooge. You don’t have to be so extreme, but don’t spend every penny you have, just because you have it.
Charitable donations not only help the conscience, they also help when tax season comes around. Those who give sizeable donations to charitable organizations, and have receipts for it, can take those contributions off their taxes. It is a win-win-win, right?
Millionaires know that money sitting is just that — money sitting. It isn’t doing anything for you. Even if you don’t invest it, but you put it into a high interest account, it is more likely to accrue money for you later on than money in your pocket. When you get a paycheck, allocate what you need for bills and living, but put 10 percent into investments or savings.
These are the people who are not afraid to go ask their bosses for a raise. They know how to work more hours at their job just to get that paycheck a little bit higher. They know how to do whatever it takes not to have to live paycheck to paycheck, because they put in the effort.
Although you will see some who do not get an education, the majority of millionaires see the value of an education, in getting a better job and compensated more for their work. School is expensive, but so is getting to millionaire status.
Many millionaires work one to three jobs, and their spouses do the same thing. They work as much as they can to bring home as much as they can.
Not that they marry rich. They marry someone with the same goals and value of money as their own. Their spouses may be as frugal, or even more so. That is the measure of good millionaires. They know how to become millionaires together.
They know where every penny goes. They know what each of their assets are doing. They do their own money managing. Do you think they would let someone who may potentially mess it all up take care of their money?
Millionaires teach their children how to work hard and be millionaires. Their children know how to save for and earn what they want.
Little Dragon couldn’t have picked a perfect cover than the Kelis/Andre 3000 track “Millionaire”. The synthy quirky vibe of the track fits Yukimi’s vocals like a hand in glove. Watch it above.