In the past,being a billionaire was usually associated with
middle-aged men and women.These days, younger generations seem to be making the
news with miraculous success stories and this can be attributed to the way
information and knowledge is spread around in modern times.The internet is on
our hands all the time and millennials have accepted the fact that they are
going to spend their entire lives learning new things,and they are happy to do
so.The fact that they are learning more and on their own makes their chances of
success much greater.
That is the root of their advantage compared to the previous
generations but how exactly do they do it? Well,there are a lot of factors and a lot of different approaches.We are here
to discuss some of these approaches and good life practices that can help you
achieve this financial life goal.
1.NETWORKING HELPS
Don’t take this piece of advice the wrong way.I am not
saying that you should attempt to only socialize with rich people,but you
should network with people who are after the same goals as yourself.A network
of people attempting to reach a common goal are far more likely to do it than a
single individual.
There are more than a few ways that you can do this,one of
the more obvious ones is using the social networks but you need to do this in
the real world as well.
Don’t burn any bridges and keep in touch with your
classmates,previous and current co-workers,business partners and attempt to
keep a well nurtured professional relationship with most of them.Even though a
contact may seem irrelevant at the time who knows what might happen down the
road.
2.FIGHT YOUR CONSUMER INSTICTS
Our parents kind of grew into consumerism and gradually
accepted it.Our generation is a bit different.we have been born into full blown
consumer society and a big part of our
generation didn’t really learn how to deal with it.They are drawn in by
clourful advertisement and can get quite upset by not being in line with the
“latest trends “. Rich people buy things that they need to make money while
poor people buy things to make rich people richer.This should be enough to help
you deal with your consumerist insticncts.Leisure is overrated anyway.
3.SAVE TO INVEST
The time when we stacked up money,dollar after dollar and
kept it on our savings accounts so it can grow has long passed.Today this takes
too much time and may hinder your carrer’s growth.Getting a job for young
people can seem as a daunting task but there are a lot of jobs that you can do
from home and earn a hefty sum to get you started.Saving in order to invest is
the only things that actually makes sense.You need to get your money to make
you money by investing in new things.
Don’t rush into things and invest smartly.Get rich quick
schemes usually don’t pay off and you should probably stay away from
them,especially if someone else is trying to pitch you the idea and you did not
come up with it yourself.You need to examine the risks and probability for
success that someone else is trying you the idea and you did not come up with
it yourself.You need to examine the risks are reasonably small before you
proceed and put your chips on the table.After all,every investment is a bit of
a gamble.
4.PICK YOUR CAREER WISELY
Let’s be frank here,this one is easier said than done.When
searching for optimal career choice we usually use a blend of internal
desires,research and advice from people we trust to make our decision.This
makes things quite a bit more complicated but the current generation is aware
that you can get both money and passion if you research correctly and avoid
relying on hearsay.
Today you can use many free resources to help you get a
clear picture of the current economic situation and job prospects so you have
a much easier time when you look for a good job.Make sure you are making
decisions based on things you know are true and don’t let your emotions
completely take over if you don’t have solid plan.
5.RESEARCH THE PEOPLE WHO DID IT
As we already mentioned,there are a lot of people who
managed to become billionaires in their youth,and even more who are
millionaires.Mark Zuckerberg’s story is probably the most widely known since
his social network,Facebook,has had sucha a tremendous impact on the lives of
people across the planet.Today he is one
of the richest men in the world with estimated 20 billion net worth and his
story has even been immortalized in the movie “The Social Network”.
Zuckerberg’s story is one of many success stories of young
people making it big.Research them and see what train of thought they used to
get where they are today,what inspired them to get the ideas the got and how
they approached this colossal task.Creativity and inspiration are two of the
best allies you can have in the business environment and it will help you keep
motivated when you run into tough times.
6.GOALS WILL SPUR YOU ONWARD
It is easy to get distracted along the way and lose sight
of your goals.Furthermore,going “Oh, how
I wish I was a millionaire”, every day
isn’t something that you can really call
having goals.It is more like wishful thinking.You need to determine what you
want in life and then and only then can you really make a plan on how to reach
those goals.Still,it is not enough to rely on this major goal in life for
motivation.Once you make a plan draw motivation from short-term goals to keep
you going but always keep your final destination in mind.
7.THE WEB IS GOLDEN
I’m sure that most young people today are aware of how big
the web is and it is far from finished
with its growth sprout.Whatever your niche may be,whatever your business goals
are,the web can surely help you in some way.If we look thins across the board
the universal usefulness of the web,provided that you can find your way around
it and most young people can, is unsurpassed.
Networking,marketing,business opportunities,funding,market,
market research, competition research,you name it and you can probably find a
way to do it online.A lot of people made it by doing work strictly in the
online environment without ever needing to boost their effort with “real world”
efforts.Still,don’t shy away from direct contact,opportunities come in all
shapes and sizes.
8.GET TO IT
Thinking about your future is one thing,doing things to
reach the goals you set for yourself is a whole other ballgame.If you take a look at the schedules
of young millionaires,you will see that
most of them work 10-12 hours a day and
they gladly do it. Dragging your feet will not help you reach your goals,you
need to be prepared to put in the necessary work. You are young so use that
youth of yours to prove yourself and get the results you need to progress.
9.MAKE YOUR YOUTH YOUR EDGE
Sure, young people run into a lot of disapproval and
cynicism from older businessmen and women but you should not let this discourage you.They do have more
experience than you but you understand the new world order much better
understanding of your vocation and don’t let yourself become intimidated by them or anything else
for that matter.
There are a lot of things that youngsters can do better
than older people,one of the things is
having a greater knack to adapt and
learn new things.Rely on your youth to learn
from their experience and get new business ideas and better understanding of your vocation and don’t let your self become intimidated by
them or anything else for that matter.
10.FEAR IS THE ENEMY
There are few tthings that can destroy your chances of
getting as being afraid to even try.The most common
execuse is “I’m too young” and this one is the worst of them all.Just because
you are young doesn’t mean that you can’t have a great business idea and many
people have proven it.If don’t take your self seriously nobody else will. Use
your fear as a sign to be cautious but don’t
shy away from opportunities motivated
by irrational fear.Youth is full of potential and it
is the best catalyst for
change.Young people are the root of revolutionary ideas and changes
in the world and you should never
let yourself believe that you don’t have the potential to achieve something.All the best and may your motivation
never falter.
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