4 Things You Need To Do To Become a Self-Made Millionaire

Not surprisingly, self-made millionaires share a  few common characteristics that position them to earn big early on, according to Peter Voogd, founder of the Game Changers Academy, who made his first million before turning 26.

“You don’t make a million by accident,” he says in a recent LinkedIn post. “If it’s not a goal you sure as hell won’t hit it.”

Related: A Surprising Reason That’s Stopping You From Achieving Success In Life

What traits do these young, successful entrepreneurs share that you too can develop according to Voogd?

1. Don’t leave anything to chance.

If you want to be successful you need to constantly work towards your goals rather than waiting for an opportunity to knock on your door.

If opportunity doesn’t knock, build a door.”

Milton Berle

 “Now matters more than any other time, and the ‘someday isle’ mentality is killing so many dreams,” Voogd claims.  Make your financial success your top priority from day one instead of deferring it until someday. Someday may never come!

Related: Top Ten Self-Made Billionaires

2. Find the right mentor. 

If you think you can get to the top on your own you’re wrong! Millionaires and even multi-millionaires have mentors at their disposal to guide them on their way to building their careers. Find the one you trust that has your best interests at heart.

“Success rises and falls on who you associate with, so make sure you stay aware of your surroundings”

Peter Voogd

Don’t try to reinvent the wheel, instead learn from those who are already successful when it comes to making the right business decisions. A good mentor will challenge your way of thinking and help you re-focus making sure you think big, Voogd adds.

3. Focus on leverage.

Time is money but trading your time for money won’t make you rich. “At some point you have to focus on scaling and leverage,” Voogd advises. ” Maximize your time to make sure you have positioned yourself to earn as much as possible by utilizing the power of leverage. 

4. Ignore what other people think.

“People who care what others think of them will always be limited to others’ opinions”

Peter Voogd

Don’t waste your time trying to please people who don’t believe in them or win over those that don’t support them. Instead, focus on your own vision and learn to believe in yourself. To become truly successful, “you must give up the need to be liked by everybody,” Voogd warns. 

Related: What Does It Take To Become A Millionaire?

Source: http://www.businessinsider.com/traits-of-young-successful-millionaires-2014-9#ixzz3DTcjrGeU

Leave a Reply

Your email address will not be published. Required fields are marked *