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10 Ways to Become a Millionaire In 2023
Many people want to become millionaires and to live financially free but they don’t know there are strategies and steps to put into practice to become. I bring to you the 10 ways to become a millionaire in 2023
- Desire.
- Save 10% of your income.
- Reduce social media presence.
- Focus on assets and not liabilities.
- Avoid Extravagant living.
- Time wastage
- Wake up early.
- Write down your goals.
- Priorities of your work
- Avoid Excuses.
DESIRE.
Desire is at the top of the list if you want to become a millionaire. A strong desire will bring strong results and a weak desire will bring a weak result.
You need to have a strong desire to become a millionaire. According to Mr. Vincent, having a strong desire is as important as watching an interesting football game for many people.
Never underestimate the power of desiring something. Desiring to become one has made so many unschooled People to become millionaires while the schooled are wondering the reason why they are poor despite their education.
Money will come to you in abundance if you have a strong desire to acquire it.
Mr. VINCENT TOP 4 WAYS TO DEVELOP A STRONG DESIRE.
There are 4 ways Mr. Vincent believes a man can develop a strong desire. You can apply them and strengthen your desired muscles.
FIRST: Read books on Millionaires. You have to fill your library with books from self-made millionaires. Reading such books helps you tap into their vast mental strength. With the shortest time their own strategies will guide you during the day and open your doors of immerse possibilities.
SECOND: Go through Success Magazines. Apart from reading books on millionaires, you have to read their stories also. And most of their stories are found in Magazines.
THIRD: Watch videos of self-made Millionaires. Videos are a great way to speak to your subconscious mind directly. Your subconscious mind absorbs all information from the conscious mind. So filling your minds with those things you want is a great way to make your mind and desire stronger.
FOURTH: Work your Passion. You cannot develop a strong desire if what you do it’s not Passionate. You have to do what you love. This is the best driving force to Propel your mind towards a millionaire attitude. Work on your passion and do what you love. This alone will give you a strong desire, says Mr. Vincent.
SAVE 10% OF YOUR INCOME.
The second known way to become a millionaire is to save a portion of your income every month. The richest man in Babylon, one of the recommended books, expands on this issue on savings.
You cannot be rich if all your earnings are being consumed. You must discipline yourself to always save a percentage of your earnings. You can start with 10% and then increase with time. The beginning will always be difficult but you will discover sooner that you are coping with that.
Save your 10% in the Bank. You have the possibility of earning interest upon your savings. So savings are a Powerful tool if you want to become a millionaire.
Reasons why you should save a Percentage of your Income
FIRST: Peace of Mind: Savings help to give one a Peace of Mind. Knowing you have money somewhere is the best thing that can happen to you. This feeling alone attracts more abundance to you. Fear and insecurity about money repels money from most people. When you begin to save a percentage of your money, this fear is eradicated and money loves minds which embrace no fear about having it.
SECOND: Discipline: Saving money makes you develop discipline. Many people are not disciplined in life. That is the reason most of them live a frugal life and remain poor. But when you start saving on discipline, this empowers your mind. Any other activities you will be carrying out apart from savings will work out because you are disciplined. So savings is a great way to develop a disciplinary life.
THIRDLY: Financial Intelligence(IQ). Many people are poor and stranded because they lack financial intelligence. Financial intelligence is very essential for the building of wealth. This is where savings come into play. Savings increases your financial intelligence and draws you closer to becoming a millionaire. So saving a percentage of your income every month will increase your financial intelligence.
FOURTH: Sense of security: Saving money gives you a certain type of security. You think positively all the time. You have a relaxed mind and you are happy. This energy alone is enough to pull money into your life. Saving 10% of your income is very important if you want to become a millionaire.
REDUCE SOCIAL MEDIA PRESENCE.
Social media is a great way to meet friends and share ideas and recall some good old memories. But it can become toxic if care is not taken. Too much presence on social media chatting with friends can lead to serious financial instability since you have no time for work.
You must learn to spend less time chatting with friends who care not about how you pay your bills. Your time should be focused on building wealth and developing a creative mind.
Social media is not bad, but what I am trying to point out is spending too much time on it and giving less time on reading a book on self-motivation or self-growth. One can actually turn social media into a Money making Platform apart from chatting and sharing pictures with friends that have no real impart in your life. Let me share with you the 5 ways to use social media to make money.
Here are some reasons how to use social media to make Money.
1). Open a Facebook Page: A Facebook Page allows you to better control your business, Product and services. A Facebook Page is a great way to make money online. It enables you to have an image and personalize your Brand. You can grow your page by sharing with friends and in other groups. Once you have a huge following, you can start offering your services. It could be selling goods or products online or offering a service like teaching. You can apply that with any social media platform and start building wealth.
2). Open a Facebook group. A Facebook group is another great way to make money online. You can open a group and invite others to join your group. You can promote your services in your group and encourage friends to share your Products once you have Posted them. So unlike Facebook Page, Facebook groups are also a great way to make money online. There are People who make not less than $2000 Monthly just selling online.
3}. Advertise your Product and services. Spend your time on social media by advertising your product. We cannot talk about promoting a good you don’t have. You have to first have one to advertise. You can start drop shipping. Meaning advertising the Product of an existing company but adding your own Percentage on the original price. You can also do affiliate Marketing.
4}. Paid Advert. If you find it difficult to meet a large sum of people, you can do Paid advert. With paid advert Facebook helps to promote your product or services to a large number of audience. This gives you the Possibility of reaching thousands of people at once. So paid advert is another great way to promote and sell your goods online.
5}. Quality YouTube Videos. YouTube is another great way to make money online. There are people who make millions just on YouTube videos. You too can start Promoting your Product or service on YouTube. Let your videos reflect the type of business you do.
FOCUS ON ASSETS AND NOT LIABILITIES.
For one to become a millionaire he has to focus on acquiring assets and not liabilities. This is where many people get it wrong. Most People acquire liabilities and think they are assets. In this section we will be seeing the difference between assets and liabilities.
Assets are things bringing money in as compared to liabilities which are those things that take money out from one’s Pockets. So Assets bring money in your Pocket while liabilities take money out from your Pocket.
Assets: Work on acquiring assets. Acquiring Assets will make you richer. Examples of Assets include Rental Properties, Proprietor of a School, Business, Investments, Real estates. If you want to be rich and become a millionaire, you should work on having this things in your life. They bring money in your pockets.
Liabilities: Liabilities will make you Poorer if you acquire them. Examples of liabilities include Cars, houses, expensive dresses, frugal living. Don’t confuse liabilities and needs. Needs are very important like food and shelter.
Mr. Vincent believed so much in assets that he spent all his life focusing on having them. At the end of his life he had assets worth Millions and Millions of dollars. He had landed Properties, rented Properties and a Business generating income Monthly.
The rich acquire assets while the poor acquire liabilities. Make up your mind to start a business that will generate income for you. Work your business and focus less on liabilities.
Extravagant Living.
If you want to become a millionaire, you have to avoid extravagant living at all costs. Extravagant living is spending on things you don’t need. Wasting money just to prove a point to friends and others around you. We have said earlier that, in life, get just your needs. Buy a car if it’s really necessary for work and not to prove a point to A and B who don’t even care about your wellbeing.
I have met People in life who live in big houses and drive expensive cars but can’t pay their rent. Some of them can’t even eat. Most people see them in cars and are envious but they are not any better. I have equally seen People who live in moderate houses but eat well, and send their children to government schools. If you aspire to become a millionaire, avoid extravagant living and start counting your expenses.
MR VINCENT 4 REASONS WHY YOU SHOULD AVOID EXTRAVAGANT LIVING.
The future is more important: The future is more important than the present. It is preferable you pay the price today and enjoy tomorrow. Many enjoy today to suffer later. Always look at the future before anything else. Forget about the Pleasures of today and don’t mind what others think or say about you.
Extravagant living leads to Poverty: One major reason you should avoid extravagant living according to Mr. Vincent is that it leads to Poverty. Spending all that you earn is very dangerous. You cannot become a Millionaire if all your earnings are spent on extravagance. Therefore, to avoid a Poverty stringing life, you have to avoid being extravagant.
Opportunity may Pass you by: The reason you should avoid extravagance is that opportunities could Pass you by. I have heard people say things like, if I had money I would have accepted that scholarship to travel abroad, I would have started that business that was presented to me yesterday. Opportunities can Pass you by. You will find yourself not able to do what you would have done.
Short-lived Happiness: The happiness you have in an extravagant life is always short lived. Partying with friends, drinking, getting drunk, keeping late nights, buying things you don’t need and that served you no Purpose. All these things are short lived and give you a short lived happiness. So avoid extravagant life and enjoy life because its happiness is short-lived.
TIME WASTAGE.
If you want to become a millionaire, avoid wasting your time and energy unnecessarily on things that have no real financial impact on your life and future. Time that is wasted cannot be gotten back no matter how hard you try to cover up. Once the time is gone, it’s gone for good and there is nothing you can do to have it back.
Most people waste time watching television and browsing the internet. Rich People don’t watch tv more than 2 hours a day. You have to know that time is the only factor once gone cannot be recovered. Instead of wasting it, look for something valuable to do. Something Productive during the day.
4 Productive things you can do during the day.
Firstly, you can read a book. According to Mr. Vincent Bakabe, reading is a great way to illuminate your mind and enhance your thinking. Reading success oriented books increases your Productivity. So look for a book on success and start reading right away. Make sure your house library is filled with success books and books on how to prosper.
Secondly, you can go to the gym and do your workout. These little exercises help increase your brain activities. With a powerful brain you will be able to think well. So do some exercises during the day.
Thirdly, meditate during the day. Which type of life do you want to have? How do you want your future to be? Learn to have some quiet time during the day and meditate on what you want to accomplish in your life. Your mind will work out ideas for you and bring to reality all your thoughts.
WAKE UP EARLY.
Waking up early is one of the key reasons why Mr. Vincent Bakabe Baduma became the richest Oroko Man. A man who believed in values. A man who believed you have to be early at work if you want success. All these attributes worked for him and made him the richest Oroko Man and one of the richest Men in the world with huge properties, benefiting generations yet unborn.
Waking up early simply means avoiding too much sleep. Rest is good especially if you work all day long. But too much sleep is a killing factor leading to economic failures.
Consequences for a Man who sleeps too much and always wakes up late.
1} Unproductiveness. Unproductiveness is one of the consequences of too much sleep. All your activities will be grounded and the work you do cannot grow. Lack of growth and unproductivity simply means lack of money and Poverty.
2} Lack of discipline. Too much sleep and waking up late will lead to indiscipline at your work. And this indiscipline may cause you to lose your Job, since all you offer is unfruitfulness and indiscipline. So too much sleep has to be avoided at all costs. Train yourself to always wake up early no matter what. Discipline your sleep pattern even if you have to use an alarm clock.
3} Lack of self-control. Too much sleep means lack of self-control. Too much sleep and keeping late at your activities means you are not fit to become a millionaire. To be rich and to become a millionaire you have to prove to yourself that you merit wealth. This is shown by your willingness to control yourself with sleep.
4} Leads to Poverty. Little folding of the hand to sleep leads to poverty, says the Bible. The Bible encourages work. Another scripture says “A MAN THAT SHOULD NOT WORK SHOULD NOT EAT”. A man that loves sleep shall be Poor. This bible verse was quoted by the richest man in Jerusalem at the time. His name was KING SOLOMON. So too much sleep will lead to poverty, to be avoided at all cost.
4 Good things that happen to a Man that wakes up early
1} Energy. The man who wakes up early is gifted with another type of Power, known as Vital energy. With this type of energy during the day, you accomplish all that you lay your hands on. This energy brings good things into your life. Positive people with this type of energy come your way and they help to add value into your life.
2} Confidence. Note that you cannot accomplish much in life without confidence. Confidence is very important for success. When you work up early and keep time in work you gain confidence in yourself and this confidence alone makes one accomplish much.
3} Increase Productivity. Sales in business goes up, Promotion in work is guaranteed. You have an increase in Productivity. Others can’t understand why your life is so. You now master what others took years to master. You now accomplish the impossible at work and have become unstoppable. Now you are not afraid to take risks because of an increase in Productivity. Your business now blossoms at all levels. This is what happens to a man with an increased Productivity.
4} Developed your Will-Power. The man who woke up early develops willpower. A man with willpower is always mistaken for a Proud man. You are courageous to take steps on what many are scared of. Willpower is a power that differentiates a millionaire from a struggling or middle-class person.
WRITE DOWN YOUR GOALS.
Goals are very important in anything you want to accomplish. Millionaires have clear written goals. You cannot succeed in life without goals. To become a millionaire, you must develop the habit of writing down your goals in life. Someone who has a written goal will accomplish more in life than the person with no written goals. Always take time to write your goals on a piece of Paper or a book.
When you write down your goals you crystalize it. You give it a tangible form and a written goal has power. Don’t just sit down and say I want to accomplish this and that. Write down your goals on a Piece of paper.
Create a Plan.
After writing down your goals on a Piece of paper, create a Plan on how you will accomplish it. You need a Plan. When someone is building a house he has a Plan on how he wants his house to be. It’s only with a Plan that you accomplish your written goal.
Take Action.
Take action on your plan. Every good plan without action is useless. Once you have set up your Plan, take action immediately on that plan. There is no success without action. Work your plan until you get the results you want. Take action immediately and start building something great.
Work Daily.
After you have taken action on your Plan, make sure you work daily to see your plan to success. You have to do daily work for the accomplishment of your Plan. A day should not go by without you working your Plan. Do something every day. That’s how you will accomplish your goals and bring all your plans and objectives to realization.
Know When to Stop.
You have to know when to stop. When you have accomplished that goal, stop and work another goal. If you realize that goal has come to pass, you have to stop and create another goal. This is only Possible when you have a written goal and a Plan for its realization.
If Your Plan Fails.
If your Plan fails, do not give up. Many people give up when what they aimed at didn’t go well. If your plan fails, create another plan and keep working it. You should always have a plan B when aiming at a target. Replace the goal that fails with a livelier goal.
Mr. Vincent 10 Reasons why you should have Written Goals.
1} Ability to Stay Focused.
When you have written goals you create an ability to stay focused on your objectives. Many are Poor and accomplish nothing in life because they lack the ability to focus. This also is due to the fact that they have no written goals. So to be focused and become a millionaire, you need to have written goals.
2} Efficiency.
Have you ever heard words like this man or that women are very efficient in their work? Efficiency comes as a result of written goals. Without written goals you cannot be efficient in your work and accomplishments. In order to be efficient, write down your goals on a Piece of paper.
3} Little or No Mistakes.
When you have written goals you are liable to make little or no mistakes. But those without a written goal made a lot of mistakes which at times cost them losses in finances or their jobs. So to be on a safe side, you need to have a written goal and know exactly what you want out of life.
4} Mapping Your Future.
Clear written goals help you map your future. Some don’t know their lives are like maps. What you make of it, it is what you will become. If you don’t take time to map that life, you will end up poor and stranded. Written goals enable one to see the future like a map and follow it. This takes such individuals straight to the place of gold and accomplishments.
5} Identify your Weakness and Limitations.
A written goal enables you to identify your weaknesses and limitations. Knowing your weakness and limitations can make you stronger or help you create another plan that matches your strength. If you want to know your strengths and limitations, always have a written goal for every project you want to undertake.
6} Put You Under Pressure.
Written goals have the tendency to put you under pressure. You feel pressured when you have not yet done what you were supposed to do during the day and the day is coming to an end. This type of pressure is good because it helps you to be productive, and see to it that what you have planned during the day must come to pass.
7} Amplifying your Thoughts.
Considering the fact that our thoughts control our lives, should be a key factor why you should have written goals. Written goals amplify your thoughts towards success. All you think during the day is how to accomplish your dreams and goals. Along the day you will get ideas for the realization of that project and goal.
8} Motivating Factor.
Without motivation you cannot accomplish anything worthwhile in life. Motivation is the key factor on reasons why most people succeed or achieve success in all they do. Without motivation you are like a dead engine of a car. So written goals activate this engine and make you highly productive in your work. Note that with no motivation in life there can be no success.
9} Peace of Mind.
Written goals give you a sense of accomplishment. This feeling of accomplishment gives you peace of mind. It has been proven that those with Peace of mind know exactly what they want from life and have a written plan on how to accomplish them.
10} Increased Power.
Have you ever met people who have this strange kind of respect? Everybody just bow at their feet and you hear the “Yes Sir” word. This is the kind of power we are talking about. Power is not only accredited to Presidents and ministers. There are people without office locations but are having this power. Some Pastors are respected while others are not, same goes for Politicians, business men and so forth. Clear written precise goals unleash this kind of Power.
PRIORITIZE YOUR WORK.
Your work has to be your priority. Many People get distracted over many things. They try to do many things at once. When you try to do many things at once, you disperse your energy and this dispersion will make you have limited results in your work.
When starting your day, you need to have a Priority. Meaning what is the first thing I have to do and what is the last thing to do. Focus on the first thing and make sure you accomplish it before you can move to the next work.
Let’s say you want customers for your business, and you have to visit a friend for lunch. You can start with recruiting customers first and make sure that you have done it before visiting a friend. Your work should be the first thing you do before any other thing during the day.
If you want to become a millionaire, you have to cultivate the habit of Prioritizing your work. This is the tradeMark of any successful person you meet or see out there. They make their work a Priority in their life’s.
Millionaires understand if they don’t put their work first they may become unproductive and start to lose money. So they by all means make sure no one gets them distracted. They make sure no other activities get them distraction. You have to follow their footsteps to become a millionaire. Prioritize your work.
AVOID EXCUSES.
Excuses have kept many people poor and stranded. If you want to become a millionaire, you have to avoid excuses. Many people make excuses when they meet opportunities that could change their lives.
People have different reasons why they think they are not fit to acquire or have certain qualifications or carry out certain Projects or the reason why they are poor.
Mr. Vincent 5 types of Excuses that keep People Poor and their solutions.
Firstly, Qualifications. Many people think they are not qualified or are not fit for a certain post or responsibility. They think they are not supposed to be there. So they turn down an offer that could change their lives.
SOLUTION: The solution is High self-esteem. You have to boost your self-esteem. To boost your self-esteem, look for a Mentor. Someone who accomplished twice as much. You will have noticed most people who succeed are not even better than you. You can learn this from a mentor. Read books on boosting self-esteem or how to boost your self-esteem. Low self-esteem is the reason many think they are not qualified or fit for a Particular Project or work.
Secondly, Lack of Education. Many People who have not gone to school think the reason they are not rich is because they did not have a certificate. They look down on themselves because of a piece of paper. But education is not sitting down in a classroom. Education is knowing all that you have to know to have whatsoever you want in life. There are so many educated People who are Poor people. On the other hand, we have people who have never attended school but are multi – millionaires.
Anybody reading this book and applying the Principles can become a millionaire, whether you have gone to school or not.
SOLUTION: Start learning whatsoever you have to know to make money. Start a business and read books on Prosperity. Invest more on Personal development. Don’t allow others to influence you with negative tendencies. Work towards achieving and you will achieve.
Thirdly, Health Issues. Here is another issue: people think they can’t achieve anything in life. Whether you are HIV Positive, Diabetic, impair in legs or hands, you can still achieve great things in your life. I have seen blind people become millionaires, deaf, lame and people with health conditions become millionaires. It should not be a reason to stop you. Decide to win and win big.
SOLUTION: If your health is bad go to the doctor but if the doctor does a test several times but can’t find anything then relax and take a drink, all is okay. At times trying to solve a little issue we tend to complicate it into severe other conditions. Treat yourself but if nothing is getting better stop and focus on your goals. With time the condition will get better by itself.
It has been proven that most illnesses are mental and fear. Get rid of fear and call it bluff and move with your goals and dreams in life.
Fourth, No Money. The lack of money is another reason people give for not having some good things in life. But lack of money should never be a motivating factor on why you think you are poor. Money is just a facade. You can actually accomplish great things in life without money. You can also start that business without having any dollar in your account.
SOLUTION: Sit down with a piece of paper and ask yourself what can I do to accomplish this or that. Not just how to have money. But what can I do to have that project, to have that business. Jot down all the ideas that come into your mind on a piece of Paper. Start putting these ideas immediately into action.
Firth, What Others will say or think. The greatest mistake you can make in life is to be worried about what others think about you. Most people with little achievements will give you some of these reasons. They are always worried about what family; friends will say if they embark on a project that could change their lives. The truth is, most people don’t care about you. They only care about their own wellbeing and that of their family members. Most people when they come into your life are to get something from you. So why are you worried about what they might think of your own life and its projects?
SOLUTION: Close your ears from any distractions. Close your mind from family members and friends. What they think is not as important as what you think. Never listen to the advice of failures. Stay alert on your environment and chase away all negative energies.
A MILLIONAIRE MIND LEADS TO A MILLIONAIRE LIFE.
CONCLUSION.
You have to understand becoming a millionaire is very possible. Put these strategies to work and you will get results.