Do you find this statement too ambitious? This is a matter of perspective. Look around you or just run a search on the internet to find how many people under 20 are millionaires by their own sweat, ingenuity and labor – not with inherited money or won through a lottery. If they could do it, so can you. Learning about money management is great, but before learning how to manage money, you must learn how to actually make significant amounts of it.
1. Believe in Yourself Fiercely. This is the first prerequisite for creating wealth. Believe that you can. There should be absolutely no doubt in your mind that you can make a million dollars legitimately and with sustainability.
2. Focus, focus, focus. If I asked you today, “name three wishes you want fulfilled right now” could you name these three wishes instantly? Many people will not be able to name even one wish. This is because many people have no clear focus as to what they want in life. You can not wander around life aimlessly. Life is like a very sophisticated vehicle; once you get into it, in order to use it best, you need to know where you are going and focus on reaching the destination. Otherwise, you just drive around until you run out of gas and are left stuck in the middle of nowhere.
3. Plan With Baby Steps. One million dollars. To get that in one year, you need to make $83,333 per month, $2,777 per day (per 30 days); or $116 per hour round the clock or $278 per hour for a 10-hour-day every day of the week. If you look at it, it is not really too difficult to achieve a financial goal of a million dollars in a year.
Realistically, $116 per hour (24x7) or $278 per hour (per 10-hour workday) do not have to be mind-boggling figures. Plan ahead as to how you can get to this goal while you are also enjoying what you are doing. It is of vital importance that what you do for a living be something you love to do. You must have a passion for your chosen field or you may resist putting in the work necessary for financial success. The more you break your goals down into finer details, the easier it becomes to fulfill – for the “journey of 1000 miles starts but with a single step”.
4. Stay on it; Stay with it. Thomas Edison failed more than 1000 times until he finally made the first functional light bulb. Even after so many failed attempts– he never gave up or changed his mindset into thinking, “This is not working. This just isn't possible so I give up!” On being asked to what he attributes his success to, Edison had said, “Genius is hard work, stick-to-itiveness, and common sense.” There are many famous people whose lives went through major failures, but because of their perseverance, they ended with success – Abraham Lincoln, Winston Churchill, Benjamin Franklin, and many others.
5. Stay Open to Change. Change is development; development leads to success. Stay open to change. Release yourself of confining thoughts. Just because something is normally done one way does not mean that it cannot be done another way. You may inadvertently stumble across a better way to make the process work. Technology can and should be a major part of your financial growth. Let it help. There is a saying that goes, “The easiest way to complete a difficult task is to give it to a chronically lazy person.” This is because the lazy person will make all efforts to search for the easiest and fastest way to complete the task – because that is what he wants most. Do it differently. Do it in an easier manner. Do it in a better way somehow. That is what makes you money.
Remember – your goal is to make approximately $300 per hour in order to reach your ultimate goal of a million dollars over the next year. This is very possible. It will take time, work, dedication and an unrelenting desire to succeed.