Decades ago, the ultimate financial goal was to become a millionaire.
But these days, thanks to inflation, a million dollars doesn’t buy all that much.
That’s why you probably want to become not just a multi-millionaire ($2 million or more) but a mega-millionaire (Lots of millions or more).
And just as the goal itself has shifted, so have the rules to get there.
Most self-made mega-millionaires will tell you they didn’t follow rules, and in fact set out to break most rules on their quest to earn their fortune.
Here are the rules they especially recommend you break if you want to become wealthy:
1: Follow the rules – we already covered this one but it bears repeating. If everyone is following the same rules and none of them are getting rich, you know the rules themselves are at fault.
2: Don’t sell – I don’t know how, when or where it became fashionable to think of selling as something worse than cleaning toilets. The fact is, nothing happens until something is sold, and the better you get at selling (online or offline), the more you will earn.
3: Get a mentor – yeah, I’m sure that the self-made millionaires and billionaires of the world are eagerly staring at their cellphones waiting for you to call and pick their brains. Forget mentors and instead figure out what skill you need and then pay an expert to teach you that skill.
4: Wait your turn – people wait for the right job, for promotions, for opportunities and for the right time. You can waste an entire lifetime waiting for things to come to you or you can jump the que and go get them yourself.
5: Obsession is bad – like heck it is. Figure out how you’re going to create your fortune and then become obsessed with getting it done.
6: Network like crazy – because you want a thousand people on your contact list and not the slightest knowledge of who 980 of them are, right? Nope. Instead, focus on building a handful of super strong relationships.
7: Invest in other people’s stocks – this is great if you want to be rich when you’re 75. Just invest in other people’s stock funds and wait a few decades for the money to build. Or you could invest in your own skills and your own business and earn your fortune in the next 5 years. Your choice.
8: Do what you love – and the money is supposed to follow, right? In an ideal world this works. But there’s a very good chance that what you love is not going to build you a mega-million dollar bank account, so instead you might want to figure out what people want to spend money on and make that your business.
9: If you fail to plan then you plan to fail. What a load of horse manure. Look, if you want to spend the next year planning what you’re going to do, then you may as well spend that year watching television. Instead, decide what you want to do, figure out the first 1 or 2 steps, and then start taking action.
10: Don’t launch until it’s perfect – you could spend a year creating the perfect product that no one wants to buy. Or you could spend 2 weeks creating the minimum viable product and see if there’s a market for it. In the first case you need an entire year just to see if you’re on the right track, and in the second case you could create 26 MVP’s in a year, find out which one or two of them are pure gold and be earning six or seven figures by next year. Your choice.
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