Being a millionaire at the age of 30 may seem like an impossibility to most entrepreneurs, but this can actually be done. There are numerous under 30 millionaires throughout the world who have made it in entrepreneurial world.
These simple steps can make you a millionaire by the time you hit 30:
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Focus on having multiple income sources
No one ever became a millionaire by relying on a single income source. To become a millionaire, aim at having multiple sources of income.
Saving and spending your savings on investments is a great way to start your millionaire journey. Any extra income earned should as well be pumped into your startup.
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Do not live a kind of life which you can’t afford
The problem with poor people is always trying to show off their little achievements and trying to live a luxurious life which they cannot afford.
Learn to show up instead of showing off!
Instead of spending 90% of your monthly salary on house rent each month or paying for an expensive car loan, you can simply live a simple life and set aside part of your salary for investment.
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Save to invest!
Do not just put the money in the savings account for no reason. Instead save so that you can invest the money on another business. Investments can be a great way to spend your money.
What is better than investing 50,000ksh in a business for it to be generating 40,000ksh per month for ten years!
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Have a millionaire mentor
A mentor can advise you on how to become successful in business. Mentors have most likely already experienced challenges which you are currently facing in their entrepreneurial journey. And can advise you on how to deal with such challenges. A millionaire can advise you on what you need to do to be a millionaire.
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Hard work, sacrifice and dedication
Being a millionaire will require a different version of you. You might have to work harder than never before, sacrifice than never before and be dedicated to your hustles than never before!
You do not rise above others by being average. Learn to do things differently and perfectly.
The power to being a millionaire lies within you. We determine our destiny.