How to be Millionaire in 2020 - Rajni Sehgal (each kindness read aloud txt) 📗

closest friends.Exposure to people who are more successful than you are has the potential to expand your thinking and catapult your income. We become like the people we associate with, and that's why winners are attracted to winners. Millionaires think differently from the middle class about money, and there's much to be gained by being in their presence.”

This, in a nutshell, is why you should associate yourself with millionaires if your objective is to be one.

Acknowledge the Role of Others

When you associate with millionaires, you will surely get a push towards your goals. You will be constantly seeking and receiving help. But it takes humility and wisdom and a lot of courage to admit it.

 

 

 

 

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Do not shy away from acknowledging that dependence and realize that it’s your strength. Read about the lives of millionaires and every time you will see that others have played a significant role in their wealth graphs. They have always expressed appreciation to others in their lives.

As millionaire entrepreneur Michael Fishman once said, “Self-made is an illusion. There are many people who played divine roles in you having the life that you have today. Be sure to let them know how grateful you are.”

Once you link up with millionaires, treat relationships like a bank account, you have to deposit before you can withdraw.

Create strategic partnerships

An important fallout of being in close touch with other millionaires, regardless of whether you are in the same line of activity or not, is that you can create strategic partnerships. You do not compete with them; instead, you collaborate with them to improve yourself.

A case in point is the bonding between Bill Gates, former CEO of Microsoft and the second richest man in the world and Warren Buffet, the legendary investor and the third richest man in the world. He is the CEO of Berkshire Hathaway. Their friendship dates back to July 5, 1991.

Both men have benefitted tremendously from each other. They credit their success to their sharply focused minds. Gates has written that he has learned from Buffet how to manage tasks by prioritizing people and tasks. They may not have collaborated but have drawn on one another’s intellectual resources to further their goals.

Not everybody can be a millionaire as it requires a very tough and hardened mindset. When you expand your

 

 

 

 

 

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thinking levels in collaboration with other millionaires you will realize that you can do a lot more. The mental state that you can elevate yourself to would not have been possible if you had been working alone.

Granted that you have awesome skills and knowledge in your field, but there are others in different fields that have skill sets completely outside of your present awareness. By being in touch with them, you take a quantum move to self-improvement.

It is here that you get an opportunity to create win-win relationships. You should devise an approach where your assets and skills merge with those more experienced than you. The results can be overwhelming and will enable you to reach your millionaire target a lot faster.

This is how transformation occurs. People who only work within the confines of their field of activity are stuck with their narrow telescopic view of the world. As a wannabe millionaire, you have to absorb the knowledge that can only be had from other millionaires. The more you open the windows of your mind, the more can you take your goals and targets to a higher level.

Where can you get to meet and associate with other millionaires? There are many avenues open before you. You can ask for an interview. Most millionaires especially those who have come up the hard will not turn you away as they understand the travails you have to go through. You can also attend conferences to gain an insight into their thought processes.

Whatever you might decide to do, make it a point to link up and network with other millionaires on your road to becoming one in 2020.

 

 

 

 

 

 

 

Chapter 9

Never Fast Forward Your Way to Success

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“Patience is a key element of success” – Bill Gates

Nothing in life comes easy and Bill Gates should know. He and Paul Allen started Microsoft on a not-too-stable foundation and built it up to become one of the largest corporate empires in the world. Bill went on to become the second richest man on the planet. The duo never compromised on struggles they encountered on the way and never tried to cut corners – it was just patience and hard work all the way.

As an aspiring millionaire, you will be tempted to take the easy route and fast forward your way to success to make your first million. The returns, in this case, will be temporary only. To really reach the pinnacle of success, you have to go through a lifetime of sacrifices.

Every journey ends with a benchmark to be achieved. But there is a difference between feeling successful and reaching that target. The ski-lift reason for doing things the hard way is a classic instance. When you climb mountains to ski down and reach the peak panting and sweating, you have gone through so many experiences and maybe stumbled a few times along the way. But when you take the ski-lift to reach the top, it might be a smooth affair but you have not trained to surmount challenges.

For budding millionaires, reaching the top is important but more critical is how you get there. Once you have shunned the rosy path to make your millions, you are that much hardened for the future and realize that you are capable of much more. As J. K. Rowling puts it, “It is impossible to live without failing at something, unless

 

 

 

 

 

 

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you live so cautiously that you might as well not have lived at all, in which case you have failed by default.”

Fast-forwarding your way to success comes with its pitfalls. It is because “that” success is a fluke and not based on a solid platform. If things do not go well, you will never be able to recreate it because you have not come up the hard way.

Your brain is always looking for behavioural patterns. When you are putting in a great deal of effort, you will continue to repeat those patterns. Your working methodology is stored and you can always fall back on it in case of an unexpected challenge. When you take the shortcut, you will have no idea what to do in an emergency. Tough tests will make you panic.

The success that does not come easily equips you with tools to handle adversities well. For example, what would Richard Branson, the many-times-over-billionaire and one that has come up the tough way do if he had to reboot? A devoted note-taker and chronicler of his journey up, he says he would “go through all my notebooks, find the best ideas that had fallen through the cracks and start them up. Once an entrepreneur, always an entrepreneur and I know I’d find a gap in the market somewhere.” If he had fast-forwarded to success, he would not have had the experience and expertise to start all over again.

In a previous chapter, the importance of associating with millionaires on your way to becoming one has been elaborated. Now, going back to the ski-lift case again, when you reach the top in a sky-lift – read fast forward

 

 

 

 

 

 

 

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your climb – you will find a whole lot of people who have hiked to the top swapping stories and congratulating each other on their success. Here, you will have a hard time connecting with them. They know how to deal with hardships, have tasted the sweetness of success, and have earned their sense of pride.

You, on the other hand, do not have the strategies, strength, and experience to be considered an insider. You may have made your millions but you do not belong to the world of millionaires. Not only will you feel like an imposter but you will also not stay on the mountain for long.

Mark Zuckerberg sums this attitude up briefly, “The biggest risk is not taking any risk ... In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

On your climb to become a millionaire, one trait can be a killer and that is settling for mediocrity. Do not reconcile to shortcuts, your knowledge and skill sets will never be as sharply honed as necessary to make it big in the fascinating activity of accruing wealth.

Taking the easy way out is giving up on yourself and never really knowing what you are capable of. You will slowly dull your ability to be creative and enterprising, two very important traits of being a millionaire. By taking the less-travelled route, you develop the winner’s mentality.

As Ted Turner, American media mogul says, “You can never quit. Winners never quit and quitters never win.”

 

 

 

 

 

 

 

Summary

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Now that you have gone through the book, I am sure that you must have got a basic idea of how to be a millionaire in 2020. The purpose of the book has been to take you through the steps of striking the proverbial pot of gold at the end of the rainbow.

Let me tell you that the traits to become a millionaire are not standardized. There are no benchmarks that will take you straight to millionaire status. Human beings differ from one another as do their mental strength and stability. What might be good for you might not be for the aspiring millionaire next door.

Levels of creativity differ too among individuals. You might find it easy to devise new strategies and plans to move forward towards your goal. Others might not be so lucky.

Following this book will optimize your goals to be a millionaire 2020. I have drawn inspiration from the work and sayings of millionaires, nee billionaires, who have overcome the severest of odds in life to strike it rich.

I have also included a few chapters that at first sight might seem far removed from the crux of the issue – how to become a millionaire. They are not related to the financial world. Instead, they are more focused on building up overall physical and mental stamina that will help overcome the many challenges faced by would-be millionaires on their way to the top. This is why I have included a chapter on health and fitness.

Running parallel to the non-financial aspect is the importance to be associated with millionaires.

 

 

 

 

 

 

 

 

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By doing so, you will not be treated as an outsider when you pile your riches. Peer acceptance is very critical in the world of millionaires if you have to boost your self-confidence and esteem. As John Rohn, a self-made millionaire puts it, “Become a millionaire not for the million dollars but what it will make of you to achieve.” It is here that a heightened sense of self-assurance will stand you in good stead.

Finally, a word of advice, it is great to work the living daylights out to be a millionaire and enjoy the fruits of luxury but it is also crucial to simultaneously enjoy life. I strongly believe what Neil B Wood talks about in his book - The Best Practices of Successful Financial Advisors.

“Don't get so busy on your career that you forget to have a life. You CAN do both. You can make lots of money, become a millionaire AND enjoy time with family, friends AND be a great role-model as a parent.”

I hope you have enjoyed reading this book as much as I have enjoyed putting it together.

Author’s Name: Rajni Sehgal