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I was thinking of posting a business opportunity or a home business but I accidentally found an article about how millionaires made their millions. Having their traits in my opinion, is the most important thing for having a successful business because even if we like to start a business, if our minds are set in the wrong direction, I think success is really out of reach.
In the article there is a teaser that catch my attention that says ‘“They’re just like you. But with lots of money.” I think its true because when you read their success story, the only difference of a millionaire from an ordinary person is their determination, passion and frugality. I always think that the secret of becoming a millionaire is very hard to know but once you learn about their secrets, it doesn’t look like a secret after all. The hardest thing to do is to imitate their discipline which includes frugality and determination. Normally our spending habits and fear are the greatest hindrance.
I’ve listed the five ways below and you can read the full detail here.
1. Set your sights on where you’re going
2. Educate yourself
3. Passion pays off
4. Grow your money
5. No guts, no glory
The Biggest Secret? Stop spending.
{ 4 comments… read them below or add one }
thanks a lot i learn alot about you wrote. and now i shall stop speding all the time..
amor..
Big key here…don’t spend. In the U.S. much of our recent economic trouble has come from uncontrolled spending. Capitalism works but it has to be controlled by morals and self control…otherwise it eats its self. A little off topic but another good reason not to spend none the less. Good basics for making money!
it is not how much we make, it is how much we keep that determines our net worth.
Recently I was watching TV and I saw Ai-ai delas Alas in the trailer of her latest movie as she said these words “Kung kaya ng iba, ipagawa mo sa kanila.” Later on I realized that it was part of series of supposed to be funny mangling of common Pinoy sayings, the original target of the joke being “Kung kaya ng iba, kaya ko rin!”
I was about to dismiss it as just another of Ai-ai’s funny antics when I recognized that there is a nugget of wisdom in what she was saying. Especially when taken from an entrepreneurial context, this is perhaps one of the most common travails of mom-and-pop enterprises who fail to cross over to bigger business. At the point when they are about to expand, there is a tendency to freeze out of a feeling that if they will not be the ones to do it, it will not be done properly at all. Or worse, whatever others can do, they can do better.
“Kung kaya ng iba, ipagawa mo sa kanila.”
That’s how Henry Sy built his SM empire. That’s how business empires are built.
Just a thought.
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