The Millionaire Booklet

A short book but based on amount of impact per page, this is a good book for me.

A short book but based on amount of impact per page, this is a good book for me.

The reason most people never get rich is that they never even consider it a possibility.

Be selective about where you get your advice.

Never take advice from a quitter or a pretender

Those brought up poor and middle class inherit the beliefs of the poor and middle class.

To get rich, you have to learn to be an office most of the time, not defense.

Step one: The millionaire decision
Put a stake in the ground right now, “I am going to become very very rich “

The first step to becoming a millionaire is to make a decision and that requires you to lose your middle-class mind and then get your millionaire mindset.

step two: millionaire math
Second step is to simply do the math.

Step three: increase income
Money seems to flow to those who give it the show more most attention and who take the most responsibility for it

For those who believe you must own or operate a business to get rich, it is not true. In fact, three out of four millionaires work for someone else.

Step 4: who’s got my money?
Make a list of who has your money and figure out what you can exchange with them. place all of your focus on these individuals.

If you spend all of your time with people who can’t pay you, you end up being someone who can’t pay.

Step 5: stay broke
Invest as much income as you can and set up a direct deposit for an amount through your employer. this state of staying broke or force you to continue to produce new revenue.

Grant states that without knowing what my second business might be or even what I would invest in, I continue to prepare myself for the day when I would expand.

“Pay the price today so you can pay any price tomorrow“

Step 6: save to invest, don’t save to save

Step 7: multiple flows of income
Poor people try to replace flows of money while rich people are trying to supplement or add new flows.

When creating your second floor of income, make sure to closely connect something parallel or some biotic to your current flow and never abandon the first flow. build it up to a point where someone else can thin at that point manage it for you.

Step 8: repeat, reinforce and hyper-focus

When you change you may become a threat to all those who don’t

When becoming a millionaire, you will at some point need to change your environment which include your friends and family. show less