Step by step to your first million.

A house on the beach, an expensive car, going on holiday four times a year — these and much more are dreams that people in our society cherish. Every day they get up reluctantly, go to work listlessly and come home in the evening exhausted and in a bad mood. The only beauty, the only ray of hope is often the escape into a dream world they have created themselves.
But why dream world? Because many people will never realize their dreams due to lack of liquidity. But even if this sounds utopian: It is not impossible to become a millionaire. We explain to you which rules you have to follow to become successful and financially independent.

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 of how the whole of next year should look to the minute. One of the tips for becoming 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. “Man is a creature of habit” as Gustaf Freytag recognized more than 100 years ago, and nothing has changed in this fact to this day. The majority of people are simply more productive when there are fixed times. And that’s what it’s all about if you want to become a millionaire: you have to work hard for it, without it you can’t be successful either.

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 for success. Of course, there are “night owls” and “early risers” among us, but everyone should get up at 8:00 a.m. 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 one starts the day positively with six steps in order to lead a happier and more successful life.
The perfect sleep length is 7.5 hours, with more having a long-term effect on the cardiovascular system and less on the central nervous system.

3. Rewarding Oneself
Rewarding yourself does not mean that you should scratch your ear after every good deed. It’s simply about manipulating yourself and trimming yourself for success and productivity. You worked all day and managed to do the work of two days? Then treat yourself and go out for a nice dinner or do something else that you enjoy. The released endorphins make you feel happy and after a while, you will unconsciously try to get more of them and achieve more.

5. Take your Time
Do not overload yourself and always remember to take time for your family, friends, and hobbies. You are not a machine and have needs that need to be satisfied. Take time for yourself and your loved ones, rest, and start the next day fresh and motivated. If you overdo it too much in the long run, success can turn into the opposite.

6. Investing in Yourself
He who does not love himself, no one else loves him either. As hard as that may sound, it’s a fact. You have to learn not just to accept yourself, but to love yourself. That includes feeling comfortable in your own skin. Make sure you have the right clothes and accessories to make a confident appearance. Only when you are happy with yourself will you radiate authority and trust to your fellow men, colleagues, and potential partners.

8. Think Positively
If you always reckon with the worst and see only the bad in everything, you will not experience anything good either. On the other hand, if you approach your tasks with a positive attitude, you will also find ways to solve them. Of course, you shouldn’t wander around the world wearing pink and red glasses, but everyone can afford a little optimism. Just imagine the world is a mirror: only if you smile first will you get a smile back.

10. Laziness Wants to be Learned
Sounds weird? As strange as it sounds to you at first, there are two different forms of being lazy and wanting to have free time:

The second way of “being lazy” can even prove to be very productive. You do your work and can enjoy your free time afterward with a clear conscience.

So take a close look at your expenses every month: Where is there still potential for reduction? Where do you spend money when it might not even be necessary? A classic example is subscriptions. Do you still pay an association fee even though you no longer visit it? Or do you receive a magazine every month, which 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. Most of the time you will find a possibility to save costs by changing the provider.

Also in daily life, we often spend a lot of money that can be saved. For example, if you go out for lunch every day, this is quickly reflected in your money. It is better to cook something at home and take it with you to work. You can also take the coffee-to-go every morning from home. This is easy on your wallet and on the environment.

2. Deal With Your Financial Situation.
This tip follows directly on from the first one. Reducing costs is one thing, but you should, of course, keep an overview of your overall financial situation. So take a close look at how much you earn each month and how much you spend in comparison. If that makes up for almost everything, you should look at whether you can increase your income as well as reducing your costs. A classic example would be to ask for a salary increase. But this can only be justified if you deliver the work.

Another possibility is to take a second job. But here you should carefully consider whether it is really worth it. If you have a side 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 expect a pay rise.

In order to keep an eye on your finances at all times, it is a good idea to keep a budget book. This way you always have your income and expenses in front of you in a compact form. It is best to start today to get an overview of your finances. Because getting rich is nothing that happens immediately. Mostly it takes a few years until a real improvement is visible. If you push your finances too far back, you waste valuable time.

3. Investing in Securities.
With our ideas on how to become a millionaire, investing in securities is, of course, a must. Because there are a lot of people who have become millionaires just by investing in securities. One of the most famous examples of this is Warren Buffet. To become a millionaire with securities naturally presupposes that you are familiar with the subject. But with the right motivation and the right books, anyone can become familiar with the topic.

No matter whether ETFs, shares, or crypto-currencies — the important thing is that you diversify your investments wisely and don’t put all your eggs in one basket. This way, the chances of returns are even higher. It can also help to get advice from professionals in the field. They have the best overview of the risks and know which forms of the investment offer the best chances of profit.

4. Investing in Real Estate.
Besides securities, real estate is one of the most important ideas when it comes to becoming a millionaire. For a long time now, these have been regarded as stable, secure, and low-risk investment objects. Especially due to the housing shortage in large cities, investing in real estate can be even more worthwhile.

However, real estate only becomes really valuable for asset accumulation if you do not live in it yourself, but rent it out to other people. This generates a steady flow of money, which can be used to build up a larger fortune.

5. Build up a Passive Income.
A passive income is ideal for building up a decent extra income alongside your job. Passive income is a constant flow of income that continues to generate money even when you are no longer actively working for it.

Passive income can be generated in various ways. For example, books are passive income because they are only written once and then continue to generate income. Also, the above-mentioned properties can be considered as passive income, as the rental income is paid monthly into your account without you having to actively work for it.

If you want to learn more about the possibilities of passive income, just have a look at our matching article.

As soon as a sale is made through your ad or the link you have placed, you will receive a commission on the profit. This commission can be very different. You may already have guessed that you have to advertise a lot of products to generate a high income. But if used correctly, you can earn very good money with it. Amazon is a platform on which you can build up your own business.

7. Constantly Educate Yourself.
Only those who constantly work on themselves and continuously educate themselves can be successful. You hear this from many sides and in most cases, it is very fitting. Therefore, always take time for further education and training in the areas that interest you on the one hand and on the other hand in which you are professionally active. This makes you a successful and essential employee, which improves your chances for professional advancement enormously. Even if it may be difficult for you, use your free time to get to know special topics in greater depth. Most successful people have had to sacrifice a lot of free time in the past to become so successful. But in the end, it paid off.

8. Networks With Successful People.
“You are the average of the five people with whom you surround yourself most” — there is much truth in this well-known quote. Only when you surround yourself with successful people can you learn from them and adapt their behavior.

Therefore, get in touch with the people who are already where you want to go. They probably won’t come to you on their own — after all, they know that this won’t get them anywhere. Therefore, actively establish contact with the people and profit from their contacts. Networking can be a very powerful tool for success.

But let me tell you straight away: starting up a business is an enormous amount of work. You have to sacrifice a lot of time, money, and nerves to turn your idea into your own business. You will certainly fail more often and experience many setbacks. But in the end, it can be worth it and you will come to a big step closer to your goal of becoming a millionaire as a successful entrepreneur.

10. Save, save, save.
No matter which of the ideas you decide to become a millionaire: In the end, you always have to be able to put aside some money that can save up to a million. And this is not something you can easily achieve in a short time. Saving is a long-term process that requires a lot of patience. Patience is a quality that you must constantly have on your way to becoming a millionaire. But patience pays off in the end for each of the ideas to become a millionaire, in the truest sense of the word.

You see, it is not as impossible to become a millionaire as is often claimed. Of course, there is no guarantee that you will become a millionaire just by following the above tips and ideas, but it is definitely a step in the right direction — towards success!

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