Millionaire! Yes, it is a big, mouth-watering word. Who doesn’t want to become one! None, I guessed it right. I have met many people in this world – businessmen, businesswomen, music artists, and athletes – and none of them says no to cash, not even the clergy. That is because money seems to be everything in the world we live in: factual! Now that all of us want to become millionaires, what signs should we watch out for? Of course, not all of us can be millionaires; it is simply not possible. For those of us who are “called and chosen” (join me in being a Christian here) to be millionaires, here are the signs that we are on the right track to making this big dream come true.
All of us know that we cannot become millionaires without the power of saving; I mean saving money. Dreaming to become one without saving to achieve the goal is akin to chasing a mirage. It doesn’t matter the amount of income we get, whether it is mega or meager, saving a part of it is essential to building a bankroll, which will eventually see us become millionaires. Knowing how much we should save from our income to get to the mark we want is vital here, and it may just be a matter of countdown before we acquire that huge status. Setting a monthly budget is an excellent way to go about this. From the budget, you can be able to know our recurrent expenditures and see how much we are left with that should go into our savings kitty.
Allow me to call this shooting for the moon. That means we will land among the stars even if we missed the target. To put it simply, if we are aiming to save $100 a month, then we should aim $150, for instance, so that even if we don’t achieve that, we will still land on the minimum mark. Aiming higher motivates us to get down to work.
Life is short, and we can’t just afford to wait. Forget about wanting to start a business at 30; the earlier we start interacting with the business world, the better. If we are diving into investments in our teens, then that is a sign that we are destined to become millionaires. We should not wait until we have started raising families. Remember, a family comes with greater responsibilities, and we may be ”pushed” to start investing instead of being ”pulled”. The former simply means that our financial problems are the driving factor. In such circumstances, we are likely to spend everything we earn, and this is a very bad sign.
It doesn’t matter what we are going through, we always see opportunities to make money. During the Covid- 19 pandemic, for instance, there are people who made fortunes out of this situation. I call them Covid millionaires. Guys in my hometown were making masks like nobody’s business, and they were really making a kill out of it. Yes, I mean the ability to see a business opportunity where there seems to be none.
Are we able to come up with something new that people will like? What about improving on what already exists with an aim of diverting the attention of customers to our business? That is what creativity and innovation mean. If we have these abilities, then nothing should really stand in our way of becoming millionaires.
This is where many people make mistakes. Must I eat chicken every other day in my home? Must I drive a car at this point in time? Knowing what is essential and what is not is something that those of us who are destined to become millionaires will want to consider. With a clear plan of where we are heading to in our mind, we should be able to tell the things we need now and those that can wait. Call this delaying gratifications.
We can’t become millionaires if we are not ready to take risks, in terms of investment. In fact, the ability to take risks could be the main difference between a successful entrepreneur and an average business-minded person, who lives from hand to mouth.