7 Tips to Get Rich from the Money Czar

"A million dollars will bring you financial security." <--------- LIE

You've been told this lie your whole life, likely by almost everyone you know.

In reality, it's not enough to bring you real security. In fact, it's not even close.

You need to aim for wealth that can't be destroyed by an accident, cancer, a car crash or some other unexpected tragedy.

Anyone of those unhappy surprises could wipe out a million dollars overnight.

Don't miscalculate what you need to be rich and prosperous. One million divided by 25 years is only $40,000 a year or $3,333 a month. That's not enough to live on and feel truly secure.

Here are 7 tips you need to know to reach multi-millionaire status.

1. Decide to become a multi-millionaire

Focus on being a multi-millionaire, not a millionaire. Aim high. It's better to fail high, instead of setting a target too low. Don't miscalculate what you'll need. As you earn, learn to repeat the model and process. Frequency is the way to greatness.

2. Stop all poverty behavior

Having the wrong mindset will hold you back from getting what you want. Refusing to invest in yourself, refusing to network and travel is a self-defeating approach. Pinching pennies and worrying about each dollar is not going to make you financially independent. Investing in the right things and spending money to make money is the right approach.

3. Study two multi-millionaires

Study, watch, learn and emulate the moves and behaviors of wealthy, successful people. (Remember, look for people with net worths of more than $10,000,000. Those with less than that amount are interested in conservation and not creation.)

Read the books these people write and watch the videos they create. Read autobiographies and profiles written about them. Build an understanding for what they've done and what they haven't done. Keep notes and keep track of what you want to implement for yourself. You might be inspired by something they did and convert it into something that aligns with what you are doing.

4. Work like a multi-millionaire

Now is not the time to relax, it's the time to reset. The multi-millionaire mindset is about putting in the hours to create wealth. Some research suggests that self-made millionaires read at least two books a month. Bill Gates has read up to 60 books a year. Warren Buffett has said he spends 80% of his day reading. Improve yourself and your mind with research, studying and learning.

5. Move from spending to investing

Spend to invest. I'd rather invest $1,000 than spend $100. Use your money to create more money. For example, going to dinner with just my wife is spending. If we go to dinner with a potential client or with someone to network, then it becomes an investment in furthering our business.

6. Create multiple flows of income

A successful multi-millionaire has many, many flows of income. Develop your first flow, which is usually your primary job. Then find a synergistic flow that complements the first one, such as a bonus at work or a commission. For your third flow, look to an investment or something you can do after hours that can create passive cash flow.

7. Expand your network

Spend your time with customers. You need to spend your time with people who are buying or will buy from you. Every week, get new contacts, meet new people and seek out new places. Don't hang out with your same friends all the time. Visit where your prospects will be. They probably won't be at a dive bar, but maybe the country club or church, for instance.

There you have it—7 ways to get on the right path to 8 and 9 figures!

If you're still looking for your first million, check out the upcoming 10X Growth Conference next month! DETAILS HERE

Be Great,

Grant

About Grant Cardone

CEO of CardoneCapital, international speaker, entrepreneur and author of The 10X Rule & creator of 21 best-selling business programs, Grant Cardone owns & operates seven privately held companies and a $1.4B portfolio of multifamily properties. Named the #1 marketer to watch by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.