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How Most People Become Millionaires – Nahashon Cyrus – Medium

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I recently climbed Mount Kenya, and it still qualifies as the best adventure I’ve ever embarked on. So, my goal right now is to attain financial freedom and travel full time so I can undertake such expeditions every day for the rest of my life.

And that comes down to me becoming a millionaire.

Becoming a multi-millionaire is the ultimate “dream come true” for all us. In fact, being wealthy and well-heeled is the reason we stuck through the entire education system that most, if not all, of us, found extremely exasperating.

That said, most of us are no longer on the quest of attaining the “millionaire/billionaire” status. We can attribute this change of heart to different factors such as lifestyle choices and life conditions (like bankruptcy and poverty).

Others have even given up the pursuit because they think becoming a millionaire is a stretch. If you‘re one of these individuals, you’ve never been more wrong. I think you have missed out on the fact that lots of people have become millionaires before their twenties.

How did they do it? That’s what I’m going to share with you today. After extensive research, I uncovered four distinct rules all millionaires abided by to get where they are today.

Without further delay,

Here is how to become a millionaire

1. Entrepreneurship

Entrepreneurship is the no one trait 90% of all millionaires share. Take a look at this list, and you’ll notice that a great portion of these people either own or invented prominent companies in the world: they do not work for them.

If you’d like to be a millionaire in the next couple of years, put on your entrepreneurial hat and get to work. Also, note that anyone can be a successful entrepreneur. Provided you’re willing to do what it takes; you’re good to go.

That said, entrepreneurship by itself is not enough to get you that billionaire status you’ve envied for years. That fact brings me to number 2:

2. Generate multiple income streams

Upon wearing your entrepreneurial hat, your next quest should be to create at least three reliable income streams as fast as you can. If you’re out of ideas, try leveraging ways to make money online. These means are viable and readily available.

Once you have succeeded in creating several income streams, it’s time to;

3. Be prudent, track your expenditure, and practice conscious spending like a rich person

Rich people did not get where they are today through throwing hard-earned dollars at anything their eyes desire. In fact, all these steps will not work if you’re not frugal. You ought to squeeze down your budget and expenditure to things you need and not things you want.

Once you attain this, congratulation! You’re on your way to becoming the next self-made millionaire. Here are tips on how to save.

4. Invest the savings

After tracking your expenses and practicing conscious spending, experts advise that you invest the surplus amount in hard to access ventures. If you cannot find such ventures, brainstorm and come up with ideas that possess “hard to beat” ROIs (return on Investment).

Note though, you’ll need to ensure you do not temper with these investments; not even for emergencies. On the other hand, given you’ve come this far, I’m sure you’ll be careful not to mess up your investments.

To conclude;

If you recast the last three steps, I guarantee you’ll be a millionaire in less than five years.

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