A handy 46 page book by Grant Cardone on becoming a Millionaire.
As per Grant Cardone, 2 things to keep in mind :-
1) Getting Rich Is Not A Fantasy
- People don’t get rich because they did not know they could. Give up your middleclass mind
2) Where You Get Your Advice
- Get advice from people who are wealthy and financially free. Not from quitters. Not from people who ask you to be content with your current state
The 8 steps laid out by Grant :-
Step 1 - The Millionaire Decision
- Decide and develop the Millionaire mindset
- “Complaining about your money situation never seems to make you more money.”
Step 2 - Millionaire Math
- How to make a million? Do the math. Some examples :-
- Salary $50k * 20 years
- Salary $100k * 10 years
- Salary $250k * 4 years
- Earn $114 per hour, every hour of the year
- 5,000 people buy a $200 product
- 1,000 people buy a $1,000 product
- 5,000 people pay $17 per month for 12 months
- 300 people pay $278 per month for 12 months
Step 3 - Who's Got My Money?
- Find out who can make that 1 million for you. Spend more time with them, servicing them
Step 4 - Stay Broke
- When you increase your income, stay broke(not poor). Move the additional income to other accounts for investments
- Idea + Hard Work x Time + Discipline = Success
Step 5 - Save To Invest, Don't Save To Save
- Don't have money lying around idle, invest it. Save to invest
Step 6 - Multiple Flows Of Income
- Create multiple sources of income. But please make sure you focus on each of them. Do not walk away from 1st flow, when you create 2nd
Step 7 - Repeat, Reinforce And Hyperfocus
- You can be a millionaire, billionaire or richer if you think bigger from the start, hyperfocus, and repeat the steps Grant has detailed above
Buy the book here full-width
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