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How to Become a Millionaire in 10 Steps

Guest post by: Grant Cardone

Article Overview: If you ever wanted to know the 10 secrets to becoming a millionaire, this is how.

How to Become a Millionaire in 10 Steps

Like most of us, I didn’t come from money and didn’t have a great deal of direction, but as far back as I can remember I have wanted to be a millionaire. Is that wrong?

It turns out that it is not as hard as you might think and that entry into the club is open to anyone who is willing to pay the price! Millionaires are like everyone else–but they have a million dollars.

Millionaires that I have interviewed don't talk about anything magical or rare, but rather the steady application of wise strategies, hard work, and, believe it or not, a degree of frugality.

Here are the top 10 things I did on my way to becoming a millionaire.

1.) Be Frugal! I didn’t buy my first Rolex until I had a million dollars even though I could have bought it years before that. Put off buying trinketsuntil you have lots of dough put away and your business is rolling strong! My goal was that I had to be able to bank (save) more money than I spent.

2.) Make it a Priority. Lots of people say they want to be successful but most don't get there because they don't make it a priority! Financial success doesn't end up with the lucky but with those most committed to having it. I made financial success a priority and even approached it as my duty, obligation, and responsibility.

3.) Work harder and longer than others. Put twenty people in a room and I am going to outwork them. Work ethic is missing from our culture today replaced with entitlement. Success is not a journey for most people, it is a marathon. Prepare everyday to go the extra mile, make the extra call, have that extra meeting and you’ll soon be on your way to becoming a millionaire.

4.) Pay it Off, Don't Pay it Forward. I hate debt and the only time I use it is when others pay the interest for me or when it’s so cheap, I can do better with my money. I started my first business just based on creating revenue for my expansion. If I needed a printer, I went and sold an account I didn't borrow the money. I didn’t take loans out until I started buying real estate and only did so when the properties paid off the debt of the properties.

5.) Eliminate All Options. Probably the single thing that kept me going when it was most difficult was the fact that I knew this was it for me. I treated my speaking business like it was my only option and my only choice and what I was meant to do with no other options available to me. When you have no other options, you’ll make the most of what you do have!

6.) Believe You Can Do It. This doesn’t mean that you won’t have doubts and insecurities. I have doubted myself most of the way up and still have moments where I question myself today. But through all of it, I continue to tell myself that I can do it, that others with less desire and skill than me have done it before. In becoming a millionaire, what helped me most was I continued to go to workshops and read books that continued to allow me to believe in me.

7.) Keep the vision for success. “I want to be rich.” and “I want to be successful.” are too vague and also focus on wanting rather than being! Constantly, I write my goals down and even draw pictures of how I want things to be. I would take a poster and draw (and I can’t draw) images of how my life was going to be. When I write, I’m very specific too. I’ll write, “I own 2500+ apartments that earn over 12% Cash-on-cash return.” or “I speak at 100+ paid speaking engagements a year.”

8.) Use Multiple Lines of Attack. In order to get one thing done, never rely on one avenue or line of attack to get it done. Always use multiple angles in order to accomplish any one thing. When approaching a client, I never assume the one line of attack will get the client and look for every way possible to add other actions that will give me one that’s successful and a step closer to becoming a millionaire.

9.) Dominate Don’t Compete. Whatever you love to do, then do it in a way that dominates that space. Don’t be a player in the game, BE the game. Be in so many places and so involved that everywhere your competitors and your clients go they hear or see you. I’m not talking about work here I’m talking about being everywhere in such a way that others can’t even imagine how to compete with you.

10.) Think Abundant. A million dollars may seem like a lot of money to you but the reality is there is no shortage of money on this planet. There is a shortage of people going for it, a shortage of people committed, a shortage of passion, but not a shortage of money. Trust me, a million dollars is not only not that much but probably not enough to retire on and certainly won’t qualify you as rich.

Although becoming a millionaire may seem like a hard goal to attain. The reason most people don’t ever reach it is because they’re lacking in one or more of the above steps. Success is never an easy thing to achieve, but it’s always a possible thing to achieve. Avoid the get-rich quick schemes. Don’t chase the easy money. Follow these 10 steps to becoming a millionaire, and in no time the next piece of advice you’ll seek is how to become a multi-millionaire.

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Article Tags: Grant Cardone



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Re: Dropped Out Of School To Startup! - Micheal Dell also dropped out of university. I have ordered for a book titled Millionaire Dropouts by Woodward. Read the Synopsis Millionaire Dropouts started as a list who's who of dropouts. Over the years and seven books later it as developed into an extensive list of great men and women who have overcame their obstacles and beat the odds of success. Some of the greatest companies and most profound inventions were founded and invented by people with very little education. How can someone without a degree and sometimes with very little money go onto build empires? It is the age old question, what drives one person to success while another stops at failure? This book list bullet bios of some of the greatest dropouts in history. Millionaire Dropouts will inspire and entertain. Not only are there over 50 biographies there is a master list of over 900 people who have dropped out and gone on to great success. Enjoy this inspiring work and share it with others.
Re: Drop out Billionaire - I reveived Bill Bartmann's DVD "9 Steps To Achieve Any Goal" as part of my monthly pack from Success University a few months back. It is a great presentation. I've watched it several times but not for a while so I'll view it again in the coming week. He is one of the greats. Like the best success mentors, he speaks with authority because he has come through much tribulation. His program sounds like a great bargain at $100 a year.
New Guy Here - Automobile Industry - Hi Everyone, My name is Ray and I work as a sales trainer in the automobile industry. I have just completed a new training curriculum for automobile salespeople in the industry. It is called The Baby Steps of Selling Automobiles. I am beginning my marketing efforts through press releases and seminar formats. I joined the community due to my continued desire to work independently creating my own happiness and growth. Thank you for having me and I look forward to more correspondence in the future.
Re: Do Articles For Businesswomen need to be written differently - One of the best books ever written to illustrate this point beautifully, half the book is written in a story style and then the same thing is written again in more of a text book style. The book is The One Minute Millionaire by Mark Victor Hansen and Robert G. Allen. Quite different and I am sure that each half appeals to different people in different ways. MichelleJ
Re: Automatic Millionaire by David Bach - Thanks for all the response. I also find it very informative and inspiring. The Automatic Millionaire is based on sound financial concepts. David Bach persuades readers to eradicate debt, to live economically, and to pay themselves first. However the core of his book is unique: rather than develop determination and self-discipline, Bach says, why not bypass the human element altogether? Why not make your path to wealth automatic? You’ve all heard that you’re supposed to “pay yourself first” but what does this really mean? This idea simply suggests that before you pay your bills, before you pay your taxes, before you pay anything else, you need to set money aside for yourself. This isn’t money to spend, but money to save for the future.


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