Saturday, July 26, 2008

Millionaires Strategies ~ 7 Steps to Financial Abundance

So you know that those who succeeded in their lives and making lots of money have different mindset from the rest of the people out there? Don't be surprised if I tell you that everyone can be a millionaires if you know exactly how to do it. Sounds great? Now, I'm going to reveal to you the 7 steps to financial abundance that you should follow and adopt to be financially free.

1st step: Have the right 'Belief' and 'Habits'
Millionaires often have positive mentality and resourceful habits in whatever things they do. To them, everything is possible and they would do whatever it takes to achieve their goals.

2nd step: Setting Goals
Knowing your goals are important if you really want to succeed. Clear goals enable you to have a direction to work towards it.

3rd step: Master Plan
After setting your goals, you should have a master plan that shows detailed step towards making the first million. Your master plan should be precise, consistent, measurable and reviewed periodically to ensure you're always in the right path.

4th step: High Income
Next, you should be thinking on ways to increase either your direct/passive incomes. Remember, millionaires always get their money re-invested to their positive cash flow assets.

5th step: Reduce/Control Expenses

Millionaires are generally very cautious on their expenses and adopt delay gratification.

6th step: Invest
Whatever surplus (income-expenses) that you have should be re-invested to your positive cash flow assets for your money to work for you even harder and achieving compounded profits over time.

7th step: Protect
Last but not least, always know how to protect your wealth. This is the most important step among all as knowing exactly how to protect your wealth not only can make you even more richer, but also ensuring you're always in the millionaires list!

1 comment:

Kevin Ng said...

Hi reader,

Thanks for visiting my blog. I hope you find it resourceful and interesting.

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