3 Ways To Become a Self-Made Millionaire

Our top 3 ways in pursuit of becoming a self-made millionaire.
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Our top 3 ways in pursuit of becoming a self-made millionaire.

1. Invest in yourself.

"Knowledge is power" This old cliche phrase still reigns true to this day. If you want millions of dollars, it's going require that you educate yourself and investing in your dreams. The first step is to take a pencil and paper to write down all of your hobbies and interests. Go down the list, choose two or three you feel your most passionate in mastering in the next 5-10 years. Be sure to mix it up. Pick a few hobbies, and a few natural interests. Never put all your eggs in one basket.

After this, educate yourself through watching informative videos on money, visiting websites and reading financial literature. Here's a few sources to get you started that have truly helped millions of people worldwide:

  1. The Richest Man In Babylon
  2. Entreprenur.com 
  3. VIDEO: David Bach's #1 Financial Mistake To Avoid

2. Learning how to budget and manage expenses.

If you already have this skill, you're on your way to being a millionaire in no time. If you don't have this skill mastered, read up on budget management or take an interactive online course. Remember, it doesn't matter how much money you're making. It's about how much money you can keep, and tracking what you spend your loot on that makes the difference. There's tons of free apps for iPhone & Android that help with this. There are high paid celebrities and athletes that go for broke quickly because they don't learn the importance of money management.

In a recent HYPEFRESH interview with Divine, Hip Hop Lyricist turned Tech Entreprenur - he explained his story from rags to riches. His newest product; The BLAK Card helps the cardholder with financial management and encourages financial literacy. Watch it here.

3. Commit to learning about the business world.

In order to become a millionaire, you must understand business, as well as the way the business world works. Commit time to truly understanding real estate, mutual funds and stocks. These are the foundational tools in the world of business. Here's one key article to get you started: http://www.entrepreneur.com/howto

Financial freedom comes with being a millionaire. If you want it, get it. It's really that simple. Knowing is half the battle. The other half is execution. Start now, today if possible and take your dreams to the next level.