How can I become a multimillionaire
Become a millionaire: 20 tips and ideas to get rich
Being rich = better life?
Many people dream of becoming a millionaire. For example, to be able to buy nice things like expensive cars or big houses. But that's not necessarily the only advantage of being a millionaire. For other people it is more important not to have to worry about their own finances any more. This can include, for example, not having to pay attention to every price tag when shopping and at the end of the month not having to worry about whether there is enough money.
In addition, it is not just about being able to buy a lot of expensive things, but also specifically fulfilling long-awaited wishes: finally being able to take the dream vacation or to be able to afford the dream car. Of course, being a millionaire also has the advantage of improving status, reputation and recognition. At least that's what many people associate with being a kingdom.
10 tips to become a millionaire with the right mindset
Before even exploring the ways you can become a millionaire, you should first look at your mindset. The mindset refers to the ways of thinking that accompany you on a daily basis and with which you focus on your tasks. If you look at the mindset of millionaires, you'll find that they all have similar mindsets and behaviors. That's why it's important to learn something from the millionaires' mindsets and internalize them for yourself.
We have 10 tips for you on how you can become a millionaire with the right mindset.
1. Regulated times
You don't have to make a precise plan for what the entire next year should look like to the minute. One of the tips to become a millionaire is therefore to create at least some certain routines in everyday life. These can help you to be more productive and successful in your tasks. “Humans are creatures of habit” as Gustaf Freytag recognized over 100 years ago and this fact has not changed to this day. The majority of people are simply more productive when there are fixed times. And that's exactly what it is if you want to become a millionaire: you have to work hard for it, without you you cannot be successful.
2. Get up early
“The early bird catches the worm” is also not a meaningless phrase, but a fact. One of the most important tips to become a millionaire is therefore to get up early. Successful people cannot afford to sleep until noon because they know that you have to work to be successful. Of course there are “night owls” and “early risers” among us, but everyone should get up at 8:00 am at the latest to start the day productively and cheerfully.
Many successful entrepreneurs, especially from the USA, also swear by the Miracle Morning. This is a morning ritual in which you start the day positively with six steps in order to lead a happier and more successful life.
The perfect length of sleep is 7.5 hours, with more long-term effects on the cardiovascular system and less on the central nervous system.
3. Reward yourself
Rewarding yourself does not mean that you should scratch your ear after every good deed. It's just about manipulating yourself and trimming yourself for success and productivity. You worked all day and managed to do two days? Then treat yourself to something and go for a fancy meal or do anything else that you enjoy. The released endorphins give you a feeling of happiness and after a while, you will unconsciously try to get more of them and thereby achieve more.
4. Enjoyment of work
With one of the most important tips if you want to become a millionaire: Find a job that you enjoy! This is very important, because this is the only way to stay interested, motivated and inquisitive - success is almost inevitable! If you are reluctant to do your job because you HAVE to, you will only ever do what is necessary and that is just not enough. Those who strive for the millions must not be half-hearted at work, but have to give their all. And what better way to do that than with a task that fulfills you and gives you pleasure?
5. Take your time
Don't overload yourself and always remember to make time for your family, friends, and hobbies. You are not a machine and you have needs that need to be met. Take your time for yourself and your loved ones, relax and start the next day fresh and motivated. If you overdo yourself too much in the long run, success can turn into the opposite.
6. Invest in yourself
If you don't love yourself, no one else will love you either. No matter how harsh that sounds, it's a fact. You have to learn not only to accept yourself but to love yourself. This includes that you feel comfortable in your own skin. Make sure you wear suitable clothing and accessories to appear confident. Only when you are satisfied with yourself do you exude authority and trust in your fellow human beings, colleagues and potential partners.
7. Be patient
Another one of the most important tips to become a millionaire: Don't expect too much from yourself and others. You don't get rich and successful in a week. It's a long process, so don't be disappointed if it doesn't work right away. While this is easier said than done, since patience is not everyone's favorite trait, you should still keep this in mind. With each setback, your experience grows and each one brings you closer to your goal!
8. Think positive
If you always expect the worst and only see the bad in everything, you will not experience anything good either. On the other hand, those who approach their tasks with a positive attitude will also find ways to solve them. Of course, you shouldn't wander around the world in pink and red glasses, but everyone can afford a little optimism. Just imagine if the world were a mirror: only if you smile first will you get a smile back.
9. Have the right people around you
What should not be forgotten in our tips to become a millionaire: Do not surround yourself with people who pull you down and do not believe in you. If someone is not doing you good, you should seriously think about whether that person deserves your affection and your time. If, on the other hand, you only have successful and positive people in your environment, you can look at something from them. They can also motivate you to keep going and to continue working on yourself and your success. So only surround yourself with people who are really good for you and from whom you can learn something - in whatever area.
10. Laziness has to be learned
Sounds strange? As strange as it sounds to you at first, there are two different forms of being lazy and wanting to have free time:
- You don't do anything all day, just sit on the couch in front of the TV.
- You do your work as quickly as possible, get up earlier if necessary and then enjoy your free time.
The second way of “being lazy” can even be very productive. You do your work and afterwards you can enjoy your free time with a clear conscience.
10 ideas you can use to become a millionaire too
After you have dealt with your mindset and know how to approach tasks, we now come to implementation. This represents the second important component on the way to becoming a millionaire. After all, the best mindset is of no use if you don't implement your strategies. But it is important to say in advance: Without work, almost no one can become a millionaire. That is why we are now introducing you to 10 ideas in addition to the tips for the mindset, with which you too can become a millionaire.
20 ideas for making money online
Idea 1: Earn money with your own online shop
First of all, what can you sell on the internet? Almost everything can be turned into money these days - from hand soap to sophisticated software. In order to generate income with an online shop, you need one thing above all, namely a brilliant business idea. If you have this for a completely new product or service that has rarely or not yet been offered, then the first important step has been taken. You may have discovered a niche that you can cover with an online shop on the Internet.
Idea 2: Advertise as an “affiliate”
If you run a blog or own a private website, this is a lucrative way to make money online. You can use so-called affiliate programs for this. They offer advertising material that you incorporate on your site. Whenever a visitor to your website clicks on such an advertising banner and buys something in the target shop, you will receive a commission.
Idea 3: earn money as an influencer
A field of activity in the area of working from home that has only existed for about ten years is that of the influencer. These are people who use their reputation to advertise products or services from companies. Companies pay money for this, because they depend on good advertising. Take Kim Kardashian as an example: if she mentions or wears a certain product in one of her messages or videos on Instagram, the majority of her followers want the same product.
Idea 4: answer online surveys
Answering surveys is a very good and safe way to make money online. In order to take part in such surveys, all you have to do is create an account with various market research institutes using a free registration.
Idea 5: Working from home as a product tester
Do you enjoy testing products? Then try yourself as a product tester. The simplicity of working and making money from home is that you usually get the test products for free and are allowed to keep them when the test is over.
Idea 6: make money as a writer
A great way to work and make money from home is to become a writer or writer. If you previously had to send your manuscript to countless publishers, today you can get started as a so-called self-publisher. The eBook is a lucrative form of this. More and more people are not buying books in bookstores, but are downloading the books onto their PC, tablet or eBook reader.
Idea 7: become self-employed as a copywriter
By writing texts - but in the form of commissioned work - you can also earn good money on the Internet. The first thing to do is to look for customers who will give you orders for such texts. So you have to keep an eye out for new clients all the time. In addition, you can register on content platforms on which you have to provide a sample text after registration and on which you will be classified in terms of quality based on this text.
Idea 8: Turn your own language skills into money
A special form of working from home as a copywriter is doing translations for customers. Perhaps you are not only fluent in your mother tongue, but have also learned other foreign languages such as English, Spanish, French or Chinese. In addition to the possibility of using your own language skills for classic translations, there is also the possibility of working as an online language teacher.
Idea 9: make money with photos
Earning money on the Internet with pictures is a popular and lucrative way to earn money online on the side. Of course, it is only suitable for you if you have a creative streak and maybe already enjoy taking photos. You can put the finishing touches to professionalism, for example, with YouTube videos or attend a course.
Idea 10: Use your smartphone as a microjobber on the go
If you travel a lot and have a smartphone with a good camera, you can, so to speak, earn money on the Internet as an app jobber. All you have to do is download the appropriate apps such as Fotolia, Streetpotr or AppJobber onto your mobile phone and you can then select jobs that are displayed on a map of your surroundings. It's almost always about going to certain places, taking pictures, answering one or the other question and forwarding everything to the app. You will receive a fee for each completed job.
Idea 11: make money with your blog
First of all: Wanting to earn money online on the Internet with your blog in 2020 is not a matter of a few days or weeks, but mostly a long-term affair. However, it is also a sustainable method of making money online on the side. As a blogger, you publish articles, give tips, delve deep into topics, or rent out advertising space on your blog. This method is suitable for you if you enjoy writing or if you know someone who can do it cheaply for you.
Idea 12: offer webinars
A webinar is an interactive online broadcast. Many hundreds of participants can watch a webinar or recording live and actively participate. A webinar is an ideal way to pass on your knowledge to other people.
Idea 13: SEO optimization for companies
Anyone who wants to play at the top as a company cannot avoid SEO optimization (Search Engine Optimization). Search engine optimization refers to measures that increase the placement of a website in the organic search engines. The result: The websites that are displayed high in the search engines get more visitors. If you are well versed in SEO optimization, it makes sense to offer this as a business service.
In times of the European Central Bank's low interest rate policy, more and more people are looking for alternative investment and savings products. Often a decision is made to trade in securities, as high profits can be achieved here. This trade becomes problematic when one lacks the knowledge. Then the chances of a return can quickly dwindle and become noticeable in losses. If you know your way around stocks, perfect, then you have very good opportunities to make money online. If you are not familiar with the topic, so-called social trading could be an alternative for you. With social trading, you exchange ideas with other private investors about the latest developments in the financial market and orient yourself towards the professionals.
Idea 15: Do-it-yourself selling
Do you like to make your own products that others might like? Then you can also earn money online with them on the Internet. On the one hand, as mentioned above, you can do this through your own online shop. But even without this you can sell your products to customers. Providers like Amazon offer you the opportunity to sell your products on their websites.
Idea 16: test websites
For the success of a website it is essential that it is clear, easy to understand and easy to use. This should be the goal of every business in order to attract customers and sell them products. Often the company or the developer of the site cannot judge how user-friendly their site is. Many operations are a matter of course for them, as they were there during the development process. The end user, on the other hand, is not familiar with the products and the website and has a completely different point of view.
Just like a high level of user-friendliness, a website needs an appealing design. Many visitors leave a website early because the design does not appeal to them, it does not make a professional impression or it is too confusing. This is especially important these days as there are a large number of good websites out there - this gives you a great opportunity to make money online on the side.
Idea 18: program apps
If you are familiar with programming software, there are many options for making money on the Internet. If you then have an idea that adds value to other people, it can be worth developing your own app. It is important that it is an app that either does not yet exist or one that is better and easier to use and offers people greater added value.
Idea 19: Programming websites
If programming apps isn't for you, but you have some knowledge of programming websites, you can do the same for other companies. Older companies in particular do not have a particularly mature web presence and are always looking for programmers to take care of their pages. In order to get orders, you can either register with relevant websites such as twago.de or send an unsolicited letter to companies whose websites are still expandable.
Idea 20: virtual assistant
Many self-employed people often do not have the money and the capacities to be able to afford their own office with employees. Nevertheless, there are many tasks that you cannot do alone and that need support. Many entrepreneurs use a virtual assistant for such tasks.This can take care of various tasks, such as answering e-mails or making appointments with business partners.
1. Reduce your costs
When you think of becoming a millionaire, the first thing you will usually conclude is that you need to make more money. That is also correct in itself. However, with our tips it should not be forgotten that you also have to reduce your costs in order to be able to become a millionaire. Because what's the point of having a great income if you can get most of it off by reckless spending?
So take a close look at your expenses every month: Where is there still potential for reduction? In which places do you spend money when it might not be necessary at all? A classic example of this is subscriptions. Do you still pay a club fee even though you no longer visit it? Or do you get a magazine sent to you every month that you basically only read online? These are all costs that can be avoided.
You should also check your insurance, electricity and heating costs and compare them with other providers. Usually there is also a way to save costs by switching providers.
In everyday life, too, we often spend a lot of money that can also be saved. For example, if you go out to dinner every day during your lunch break, it will quickly translate into money. Better to cook something at home and take it with you to work. You can also take your coffee-to-go every morning from home. On the one hand, this is easy on the wallet and, on the other, the environment.
2. Deal with your financial situation
This tip follows on from the first one. Reducing costs is one thing here, but of course you should keep an eye on your overall financial situation. So look carefully at how much you earn monthly and how much you spend in comparison. If that makes up almost the same, you should see if you can not increase your income in addition to reducing your costs. A classic example of this would of course be asking for a raise. Of course, this can only be justified if you also deliver the corresponding work.
Another option is to take on a second job. Here, however, you should carefully weigh up whether it is really worth it. With a part-time job, it may well be that you can no longer concentrate enough on your main job and thus neglect it. Then you can no longer assume a raise in salary.
Keeping a budget book is a good way to keep an eye on your finances. So you always have your income and expenses in front of you in a compact way. It's best to start today to get an overview of your finances. Because getting rich is not something that happens immediately. Most of the time it will take a few years to see any real improvement. If you postpone your finances too far, you are wasting valuable time.
3. Invest in stocks
Of course, our ideas on how to become a millionaire should not be without investing in securities. Because there are very many people who become millionaires through stocks alone. One of the most famous examples of this is Warren Buffet. Of course, in order to become a millionaire with securities, you have to be familiar with the topic. But with the right motivation and the right books, anyone can familiarize themselves with the topic.
Whether ETFs, stocks or cryptocurrencies - it is important that you diversify your investments widely and do not put everything on one card in order to have a chance of becoming a millionaire. So the chances of a return are even higher. It can also help to seek advice from professionals in the field. They have the best overview of the risks and know which types of investments offer the greatest opportunities for profit.
4. Invest in real estate
In addition to securities, real estate is also one of the most important ideas when it comes to becoming a millionaire. These have long been regarded as stable, secure and low-risk investment objects. Investing in real estate can be even more profitable due to the lack of housing in large cities.
Real estate only becomes really valuable for building up your wealth if you don't live in it yourself, but rather let it to other people. In this way, a steady flow of money is generated, with which a larger fortune can be built up.
5. Build a passive income
With passive income, it is ideal to build a decent additional income alongside your job. Passive income describes a constant flow of income that continues to generate money even if you no longer actively work for it.
Passive income can be generated in different ways. Books, for example, represent passive income, as they are only written once and then continue to generate income. The properties just mentioned can also be classified as passive income, as the rental income flows into your account on a monthly basis without you having to actively do anything for it.
If you want to find out more about the possibilities of passive income, just take a look at our corresponding article.
6. Start your affiliate marketing business
Our ideas should also become millionaires, not forgetting the affiliate marketing business. Because this also offers you an ideal opportunity to earn good money on the side. In affiliate marketing, you earn your money with advertisements that you can place on your website, your YouTube channel or its Facebook page. These can be different advertisements for a wide variety of products. The products do not belong to you yourself, but you are promoting products from other companies.
As soon as a sale is made through your advertisement or the link placed with you, you will receive a commission in the profit. This can be very different. You may already have guessed that you have to advertise a lot of products in order to generate a high income. Used correctly, however, you can earn very good money with it. Amazon is a platform that you can use to build your own business.
7. Constantly educate yourself
You can only be successful if you constantly work on yourself and continuously develop your skills. You hear that from a lot of people and in most cases it is very appropriate. Therefore, always take time for further education and training in the areas that interest you on the one hand and in which you are professionally active on the other. This makes you a successful and essential employee, which improves your career opportunities enormously. Even if you may find it difficult: Use your free time to familiarize yourself more deeply with special topics. Most of the most successful people have also had to sacrifice a lot of free time in their past to become so successful. But it ultimately paid off.
8. Network with successful people
"You are the average of the five people you surround yourself with the most" - there is a lot of truth in this well-known quote. Only when you surround yourself with successful people can you learn from them and adapt their behavior.
Therefore, actively get in contact with the people who are already where you want to be. They probably won't come to you on their own - after all, they know that it wouldn't get them any further. Therefore, actively establish contact with people and, in turn, benefit from their contacts. Networking, if used correctly, can be a very powerful tool for success.
9. Start your own business
That might be one of the more ambitious ideas for becoming a millionaire, but the fact is: Many millionaires are entrepreneurs. Of course, this tip assumes that you have a business idea or would like to start your own business. But if that's the case, you should definitely give more thought to how to start your own business.
But let me tell you right from the start: to found a company
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