You develop millionaires the way you mine gold. You expect to move tons of dirt to find an ounce of gold, but you don’t go into the mine looking for the dirt-you go in looking for the gold. – Andrew Carnegie.
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency, in our case US Dollars.
Let’s take a moment to cherish the halfway there milestone. We are finally a half Millionaire! Certainly not a big money, but it is huge for someone who started with nothing.
Each and everyday, we strive to reach that Millionaire landmark. Fortunately, our readers get to enjoy our tactics and plan simultaneously as we practice them.
What are Millionaire Mindsets?
Read, Read and Read
“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads–and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.” – Charlie Munger
Focus for Long-Term
“Big things start small. The biggest oak starts from an acorn,” says Bezos. “You’ve got to be willing to let that acorn grow into a little sapling, and then finally into a small tree and then maybe one day it’ll be a big business on its own.”
He adds, “You can’t skip steps. You have to put one foot in front of the other. Things take time. There are no shortcuts,” he says. “But you want to do those steps with passion and ferocity.”
Live Below your means
Rich people stay rich by living like they’re broke. Broke people stay broke by living like they’re rich.
Save and Invest
“A penny saved is a penny earned.” – Benjamin Franklin.
“Beware of little expenses. A small leak will Sink a Great Ship.” – Benjamin Franklin
“Do not save what is left after spending, But spend what is left after saving.” Warren Buffett.
We have a long way to go. If we get lucky, perhaps few more years before we can finally crown that Millionaire title.
Slowly but surely, we will get there!
We desire to take no shortcuts.