The Millionaire Formula

I wanted to be Millionaire when I was 10 years old. That desire to have money has never not been there since I was introduced to a quarter…and what I could do with it… Start with 1000- earn 8% per year 30 years – 1707 20 years -1678 15 years — 2861 10 years — 5417 1) Have the Million dollar Target 2) Commit to doing whatever it takes to get the 1m 3) Increase Income What jobs will pay you enough. Don’t do just what you want to do do what will earn you that money. 4) Reduce Spending on stupid stuff…. Discipline, Friends, Ethics 5) Look at my money every week. The value of looking at Savings is only so you see how you must increase earnings…. Savings is a secondary part of money not the primary…. Spend your talent like a millionaire trying to go broke and Save your money like your life depends on it. 5 levels of income in this country 1) The poverty level set at $23,050 for a family of four. 2) Lower middle class workers have incomes that fall between $32,500 and $60,000. 3) Upper middle class workers often have income above $100,000, which comprises the top third of American incomes. 4) The next level of income is the 5% of Americans earning more than $150,000 annually. 5) At the top of the economic ladder is the 1% who can earn more than $250,000. Self employed make up less than 20% of all workers and 2/3rd of all millionaires Median income of millionaires is 131k 80% are first generation affluent Highest paying jobs — Neuro Surgeons Petroleom engineer Nurse Anest Dentist Pharmacist Lawyer Become a Millionaire 1) Make the decision 2) Create the plan 3) Spend your talent like you are trying to go broke 4) Do everything possible to create more money 5) Spend more money only to create more money 6) Get rid of money once you have enough set aside in assets that become more valuable and can not be destroyed. 7) Save you money like your life depends on it. 8) Surround yourself with like minded people
Previous articleTop Social Media Mistakes
Next articleHow to Manage Business & Marriage
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.