Steps You Need To Take To Become A Self-Made Millionaire
Habits can determine if you will be successful in all aspects of life. Habits influence what you eat to who is in your social circle. One of the biggest ways to change your habits is to think about what you want to accomplish in life by following a four step process out lined in the article. Figuring out your dream will help guide and create successful habits for you if you follow your dream.
The average net liquid wealth of the 233 rich people in my research was $4.3 million. If you do the math, finding the right mentor in life is like someone depositing $4.3 million into your bank account.Ninety-three percent of the self-made millionaires in my study who had a mentor in life attributed their wealth to their mentors. Sixty-eight percent said that the mentoring they received from others was the critical factor in achieving success.
The best way to guide you on the trip to becoming a self-made millionaire is to have the ability to set up multiple income streams. You don’t have to be rich when you start this process because you can be working your main job as a primary source of income and either start a side hustle or start your own business that could potentially earn you passive income. Starting multiple income streams is all about time management which is the one resource we can never get back.
See why achieving three income streams is important on the path to success.
About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.