{"id":915,"date":"2011-04-09T00:22:18","date_gmt":"2011-04-09T00:22:18","guid":{"rendered":"https:\/\/pishondesigns.org\/Dbase\/?p=915"},"modified":"2020-04-26T13:07:27","modified_gmt":"2020-04-26T13:07:27","slug":"the-stuff-millionaires-are-made-of","status":"publish","type":"post","link":"https:\/\/pishondesigns.org\/Dbase\/the-stuff-millionaires-are-made-of\/","title":{"rendered":"THE STUFF MILLIONAIRES ARE MADE OF"},"content":{"rendered":"

In this post, I will be sharing five main points as to what millionaires are made of. Listen, and learn, babes. I\u2019m learning too! Click the link to read more!<\/p>\n

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In Nigeria, you ask a person how he\u2019s doing and he replies, \u201cI de hustle o\u2026!\u201d I became so frustrated of hearing people say the phrase that I began conducting a personal research about hustling, about millionaires, billionaires, what they do, and in fact what made them so successful.<\/p>\n

\u201cThe biggest obstacle to wealth is fear. People are afraid to think big, but if you think small, you\u2019ll only achieve small things.\u201d<\/p>\n

\"zainab_millionaire_pishon\"<\/p>\n

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1. IT STARTS WITH AN IDEA<\/h1>\n

\"lightbulb<\/a>One thing millionaires have, and that, in full abundance, are ideas. More than anything else, it all starts with a great idea. In the most narrow sense, an idea is just whatever is before the mind when one thinks. What is an idea? Google defines an idea as:<\/p>\n

\u201cA thought or suggestion as to a possible course of action: “the idea<\/b> of linking pay to performance”. \u201cA plan, scheme, or method\u201d.<\/h2>\n

Millionaires follow an idea through and through\u2026till the very end. It comes on like a light bulb and doesn\u2019t go off until they\u2019ve executed it. When I decided to hand code and build my own blog from scratch, it was just an idea I had. But it never left. It kept nagging at me until I couldn\u2019t sleep, eat, until one day I just turned on my computer and started playing around with ideas. The result is what you see.<\/p>\n

Take home? Never let an idea go un-used.<\/h3>\n

2. THEY ARE PERSISTENT<\/h1>\n

“You might be surprised at the number of times these people have failed. They \"14_4_thumb\"<\/a>have never stopped trying though. Persistence is a very important virtue in achieving your goals in life. If you dream of becoming an internet millionaire, you should not let the failures stop you. Instead, it should be treated as challenges that will make you stronger. Failures will drive you to try harder until you get everything right.”<\/p>\n

Take home? Keep trying. One day you\u2019ll get it right. After all, you haven\u2019t gotten up to the level of Thomas Edison.<\/h3>\n

3. THEY WORK FOR THEMSELVES.<\/h1>\n

\"97220983\"<\/a>Call it whatever you want: \u201cself-employment\u201d, \u201cfreelancing\u201d, or whatever; I believe no one can be a millionaire by working for someone else. Nope. It simply ain\u2019t done. Sure, you might make a million, but it ain\u2019t yours.<\/p>\n

But long before reaching their goal, millionaires know they want to get there. Rather than looking forward to an annual 3% raise, millionaires dream of working for themselves. Rather than serving 100 customers, millionaires see tens of thousands of accounts.<\/p><\/blockquote>\n

So how do you join the millionaires\u2019 club? One way is to run your own business. That\u2019s how more than a third of all millionaires made their money, according to the AmEx\/Harrison survey. Over a third had a professional practice or worked in the corporate world; only 5% inherited their wealth.<\/p>\n

According to the latest Fed numbers, 40.8% of the richest households had some equity in a business (the median value was $527,400).<\/p>\n

4. THEY ARE FOCUSED.<\/h1>\n

\"life_goals_visionary_millionaire\"<\/a>Millionaires don\u2019t jump from one thing to another; they know what they want and they go for it. Millionaires work feverishly towards their goals at all costs.<\/p>\n

Even Warren Buffet had to invest $25 before he could make $25 billion. \"Thumbs<\/h3>\n

Set lofty goals, and then begin taking small steps to reach them.<\/p>\n

The difference between dreamers and performers is not the number of ideas one has, but how one focuses on executing the best ideas.<\/p>\n

The most inspiring success stories among all the people I know involve incredible sacrifice. From sleeping in cars between two jobs to forgoing personal relationships to get an education or build a business, millionaires don\u2019t simply delay gratification; millionaires endure pain. All for the sake of reaching their goal.<\/p>\n

Take home? A goal without a plan is simply a wish.<\/h3>\n

5. THEY SAVE.<\/h1>\n

\"Money-icon\"<\/a>I know I\u2019m guilty on this one. Saving money is one of those tasks that’s so much easier said than done. There’s more to it than spending less money, and trust me I can relate to that. It seems each month I have a new set of stuff to buy. It takes discipline to put your foot down and say NO. Millionaires do that. They are frugal, that is, they avoid waste.<\/p>\n

The wealthiest people I know are also the cheapest. They buy used cars for reliability, not image. (According to the book The Millionaire Next Door<\/em>, the number one car brand among millionaires is Toyota\u2014not Mercedes or BMW!) Millionaires pack their lunches. It takes money to make money, and you can\u2019t get the money you need to invest if you spend it.<\/p><\/blockquote>\n

Saving money and being more frugal is neither a science nor an art; rather it is somewhere in between and requires your commitment and hard work. Saving money takes time to develop, needs to be learnt, and brings benefits that will endure for the rest of your life.<\/p>\n

Take home? Save!<\/h3>\n

\u201cFor the rich, it\u2019s not about getting more stuff. It\u2019s about having the freedom to make almost any decision you want.\u201d – T. Harv Eker<\/em><\/p><\/blockquote>\n

Be free.\"High<\/p>\n

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