The Millionaire Booklet: Getting Super Rich

The Millionaire Booklet: Getting Super Rich

I have the reading The millionaire’s brochure, by Grant Cardone about 25 times. Why? My 10x goal is to build a $ 250 million dollar empire that will help build the communities I grew up in.

Grant Cardone says that Millionaire is the new middle class. The middle class is dead. To have financial prosperity you have to be rich. You need money to fund your goals, help your community, and contribute to your causes. Understand that this is not about greed or complacency.

Become super rich

Becoming super rich is about reaching your financial potential and helping others. Those museums, hospitals and recreation centers for young people are not built by the poor. Scholarships and grants are not awarded by people who are in debt and live paycheck to paycheck.

Becoming super rich is about preparing your family for financial prosperity. It is about generating wealth that will leave a legacy. It is about giving and helping to improve people’s lives. It is about financing the activities of your church or community.

These are the 8 steps of the Millionaire brochure:

Step one: the millionaire decision

You must decide to become super rich. Commit now and put your stake in the ground and say, “I’m going to be very, very, very rich one day.” Your decision and your continued commitment to that decision is the most important thing you can do for your financial future.

People spend more time deciding what to wear, where to eat, and who to watch on television than they do with their finances. They are satisfied with the lie of the middle class. They are comfortable. Comfort is the enemy of progress. Drop the notions of “Just enough”, “Getting by”, “I’m better than them.”

Step two: do the millionaire math

First, decide to get super rich. Then you have to do the math. The truth is that most people will make a million dollars in their lifetime. If you have a steady job for 20 years at $ 50k per year. He would have made $ 1 million. Sell ​​your house plus your retirement savings and you could come in contact with a million dollars.

What does it take for you to earn a million dollars now? You must do the math. That means you have to find a vehicle that can take you to a million. Is it your job, real estate, sales, your business? Will you need a promotion? Can you add other sources of income that are symbiotic to what you are doing now?

Step three: increase revenue

You get rich by increasing your income. It is not saving or investing. First you increase the income. INCOME IS KING. Income is the only way to start building wealth. Nothing replaces income. It is the path to riches. Star athletes and entertainers go broke because once their contracts or roles in movies end, they fail to generate income.

There are several ways to generate more income now. Get a second job, sell all those things you don’t use, get a side hustle, start a business with your skills, or find a way to increase your income from your main source.

Increase your income in increments. It won’t go from $ 2,500 a month to a million dollars overnight. If you are making $ 2,500 per month, make your new goal $ 3,000. When you reach that goal, make $ 3,500 or $ 4,000 your next goal. Keep going. The key is to save your increases (step 6).

Step Four: Who Has My Money?

Simple … Who has your money? To increase your income you need people with money or access to money. Find people who can pay you for your services. Your new mantra is “Who has my money?” Spend less time with bankrupt people and more time with people who can increase your income. Find a need, place it, and then get paid for it.

Step Five: Stay Bankrupt

Can you hear me. Get bankrupt! Don’t increase your expenses as your income increases. Have a monthly cash flow plan. Know how much money you are spending each month. People get raises every year and are still in financial crisis. Reduce your expenses and expand your profits. Don’t create more debt unless that debt can increase your cash flow.

Going bankrupt does not mean being poor. It means keeping a budget that will help you become super rich.

Step six: save it all

Save to invest, don’t save to save. Investing money (from increased income) is the way to reach the super rich. The reason I was able to save $ 10,000 in six months of a new income stream is because I saved all of my income increases, tips, and bonuses. I went bankrupt like in step 5 and saved all my income increases.

People never create wealth because they never invest enough in a deal to get results. When your income increases in increments, save all your surges, bonuses, and any extras that you put in. Go bankrupt and save the rest for big business. This also gives you time to learn how to find great deals. I tag my account sacred “What a thing.”

Step seven: multiple streams of income

First, increase your income. Then you will find ways to add multiple streams. The easiest way is to find symbiotic ways to increase your cash flow. Where can you find other cash flow streams in your current job? Are your opportunities the ones you are missing out on in your current business? Expand your product line, offer more services, get more advice, or seek your bonuses.

Step eight: repeat, reinforce, and hyperfocus

Wash, rinse and repeat. If you follow these steps, you will be heading to the super rich and could make a million dollars sooner than you thought possible. Pick up The millionaire’s brochure, by Grant Cardone.

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