Written by Kainos Comfort Olamide Oluwafemi
There are no shortcuts to success, what is worth doing, is worth doing extraordinarily well.
The journey of a thousand miles begins with a step. Everyone successful in history began with a step. Sometimes, the steps lead to success, sometimes to failure, but failure is not final, just as success is not final. So, there is the urgency to keep the fire of success burning, to keep improving, not to quit if one fails, for if one falls, one can rise up again.
Every successful person in history and now has the culture of serving.
The man who invented the printing press, Johannes Gutenberg of Germany, saw a need for printing, and so served by inventing it. Guglielmo Marconi of Italy saw a need for communication and so invented the radio, in 1895. He served humanity. Richard Trevithick saw a need for ease of transportation and so invented the world’s first steam railway locomotive in 1803, he served humanity with the trains we now have today.
So, to be truly wealthy, you must be ready to serve. The self-made multimillionaire, entrepreneur and investor, MJ DeMarco says, “to make millions, you must serve millions.” How apt this is. To make millions, you must be ready to serve millions. And because people will always be in need of services, so when you meet their needs, you get paid, and if you do it better than other businesses, you get paid better.
We will be sharing with you 3 fastest ways to become a millionaire.
The first way to become a millionaire is to
Think BIG, Grow Rich and Reach People
Success begins from the mind. No man is successful without having first envisioned it. An artist first has a vision of what he wants to draw before putting it down. A writer first forms the words in her mind before “penning” them down. Make it your job to think positively about how successful you are and can and will be. Limits are consciously or unconsciously built or broken down, first in the mind, before they happen. No one breaks a limit without first demolishing it in his mind. If there are any restrictions in your mind, get rid of them, think of possibilities. Thoughts are powerful, they can make or mar you. Begin to demolish every restriction to your success by believing that you can be successful and will be.
According to Brian Tracy, “all improvement in your life begins with an improvement in your mental picture.” A good man out of the good treasure of the heart brings forth good things. You are either thinking victory or thinking defeat, there is no middle ground.
There must first be an envisioning, before there can actualization and realization. To become a millionaire, you have to first picture yourself as one. In life, you become what you believe. You are who you think you are, for a man is as he thinks in his heart.
After visualizing your dreams, go on to reach people with your service, but first you must recognize a need.
According to MJ DeMarco, “the best roads and purest Fast Lanes satisfy the Five Fast Lanes Commandments: Need, Entry, Control, Scale and Time”, so when you build and structure your business in line with these commandments, you are on your way to becoming a millionaire.
Before long, business ideas will flood your mind. You must however recognize a need, and if your idea can proffer solution to a need, you are already halfway. The sole purpose for the creation of a business is to meet a need, so when the purpose is missing, there is no business. Any business that will not meet and satisfy a need has failed even before it begins. A business can only thrive if it can afford a solution to a problem. Where there is a problem, there lies an opportunity to be a millionaire. Millionaires are opportunity takers, they see a problem, seize the opportunity, proffer solutions, and get paid for the solutions they proffer. Necessity is the mother of invention, the need for something forces people to find a way of obtaining it. A woman in need of a nice hairdo, will find a salon and get her hair done.
MJ DeMarco puts it this way, ” businesses that solve needs win. Businesses that provide value win. Businesses that solve problems win profits. Selfish, narcissistic motives do not male good, long term business models.” So, if you must make millions, you must be ready to serve millions who have needs.
The mere existence of a business suggests that it only exists to satisfy a need; you go to the barber shop to have a shave; you go to a restaurant to eat. The barber shop exists only to satisfy the need for a shave. The restaurant exists only to satisfy hungry people. To become a millionaire, you must design a business that meets a need. Where there are people, there are needs. People will only patronize businesses that can do something for them. You must make it your primary job to have a working plan to supply, it is natural that sheep go to where there is pasture.
We live in a world with thousands of same ideas sprawling everywhere, so unless your business is different, it will just be a number in the millions of other businesses. So strive to be different, develop new measures, set up new systems, new distribution systems to meet needs. Add and keep adding value.
According to the Roman philosopher and statesman, Seneca, “our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind.” For a man without a particular destination in in mind, every bus stop seems the right stop. It is important to have a clear target in mind before setting out, and if the target you have in mind is easy and cheap, drop it, great feats are not attained cheaply. A cheap victory is no victory. And so are great businesses, they do not become successful overnight. Millionaires Are not made overnight, they become through diligence and faithfulness. They are hard workers. You have to be the lead, be the sheepherder. You have to be the voice in the crowd, if not you will get submerged. MJ DeMarco humorously says, “when the lambs are lining up single-file for slaughter, you want to own the slaughterhouse.” Dare to be different.
Be in Charge and Scale Up: Break the Limits
To be a millionaire, you have to take the forefront, be in charge of your business.
You can only control the horse when you have the reins and when you pull it. The stance of a millionaire is that of one in control, one in the driver’s seat, one holding the reins. So, if you do not take the driver’s seat, you will end up in the passenger’s seat. The sad truth is that, there are no backseat drivers, you are either in the driver’s seat, making all the decisions or you are a passenger in someone’s vehicle. A backseat driver is a passenger who insists on giving the driver directions. If you do not want to be that, you have to be the driver, take the driver’s seat. Be the voice.
You must decide to lead and let the crowd follow, only then can you amass great wealth. He who pays the piper, calls the tune. Be in charge of your business, when you are in control, you are in power and can steer your business in the direction of millions. Be responsible for your business, think globally, stop restricting your business. MJ DeMarco says, “Be the shark and use the entire ocean as your playground.” Dominate. Continuously and purposefully invest in your business, make a name for yourself, own your brand and control it. If you are not owning your brand, you will be running someone else’s brand. Take actions to improve and make your business better. Where your treasure is, there will your heart be.
To become a millionaire, you must upgrade your business leverages by upping your scale. Think outside the box, break the limits, resolve to go global and do not be a local champion. There are ways to go globally; open more stores in different locations—the more the better; sell franchises; or sell on the internet. To become a millionaire, you need to think internationally, beyond the axis of your local community. The more people you reach, the more you earn, it is logical.
Look for ways to increase your pace, by beating time. Remember time is life and time is of the essence, so a way to save time and earn more money is to create a business that yields passive income. Have the millionaire’s mindset, which is to invest in time and earn more money that will buy you freedom —free time to spend as you wish and with whomever you wish. True wealth gives you plenty free time, to be with your family and without under the constant stress of meeting deadlines.
Businesses that yield passive income range from real estates, licenses, authoring books, blogging, franchising, patents, internet and software businesses, network marketing, to human resourcing. Passive income generating businesses save you time, her earn you more money, thus giving you the freedom you desire to live a millionaire life.
Millionaires save time, they prefer to spend a lot on getting transported to a business meeting that will yield them contracts worth millions of dollars, rather than getting stuck in the traffic and wasting precious time, and arriving late for the contract, hence losing the contract. To be a millionaire, you have to be strategic and calculating, do not waste precious time, spend money where you can save time. Saved time can yield more money, so trade money to buy time and then get more money in return.
In conclusion, a millionaire is one who is given to one thing, not a jack of all trades. He who is everywhere is nowhere. One thing done right can settle you and your generations for life. Bill Gates is known for one thing— software.
The road to becoming a millionaire is filled with potholes, but the destination is where wealth continuously streams in, and you can get there.