What is the fastest way to become a millionaire? | millionaire | rich millionaire

What is the fastest way to become a millionaire?

I was a homeless teenager before. No parents, no friends and did not finish high school. Lived under a huge tree in a makeshift shelter of cardboards and learned to fish in a nearby lake and sometimes scavenging for food. Met a kind man who let me lived in his unused shed in his backyard and I became a janitor in an office. Of course, when I got a job, I paid rent to Ben (the kind man) to help him and his wife as well.

While cleaning the IT room, I observed the technician doing his job and I had a casual conversation with him to the point of asking about the things he does and I started to learn things about computers. After a few months, he was out sick for a week and printers and computers started to break down so I helped fixed them successfully and the bosses were amazed that they assigned me to become an apprentice technician while still doing some janitorial work.

I proactively sorted the trash and took papers, bottles and cans to recycling centers instead of just dumping them and got extra pay from it. I used the extra funds to buy books to learn more stuff.

Became a technician full time and my pay had risen and at the same time in-charge of janitorial supervision. Bosses were very happy about my flexibility that I got some great bonuses in which I set aside most of it and some I used to buy more books about business and investments.

A couple of years later, found out that our company is expanding and took advantage of employee stock options ownership. And chipped in more of my savings to buy more shares as I have confidence in our CEO and people are loving our products. At this point, I’m still fishing and recycling stuffs to help cover my food expenses. Though, once a month, I eat at a local steakhouse and visit Starbucks and order a chocolate chip frappuccino.

Another couple of years later, our market valuation increased and saw my investments grew 12 times. I cashed those in and I’ve invested in other stocks that I studied deeply. Though some turned out to be bombs, most grew my investments. I also started collecting rare coins - buying them cheap in garage sales and selling them 5 to 15x their value to a collector. I also collected fine arts, jewelry and gold.

Now, I trade stocks options on a short term. At the same time, I’m branching out to forex and futures markets (different beasts) to see if I can profit from them as well. So far, I’m failing - I already lost $25,000 due to some stupid mistakes but I’m not stopping. Failing is but a lesson. I know I should paper trade first but I rather put some skin in the game. And anyway, it is just a petty amount to begin with.

Oh, and Ben (the kind man that offered his shed) - well, I don’t live in his shed anymore. In fact, I moved out a long time back and I had helped him and his wife delve into the world of entrepreneurship. Ben is not a security guard anymore, instead he has his own security firm and his wife has a food catering business and they moved out since of their dilapidated home.

What can you do?

• Ditch your smartphone. Or uninstall all apps that are not in anyway contributing to productivity or making you money. I don’t have a smartphone - I have a dumbphone. It’s enough to do business transactions in it.
• Organize - write your goals, your plan and your schedule. Make a time table and stick to it. Write down your goals in a year. Like 2019 - earn first million. Then break it down quarterly. Then monthly. Then daily - Like 5:30 - 6:00 am Exercise. 6:00 - 6:10 am Meditation and so on. And stick to it. Try not to lag, but you can be ahead.
• Live beneath your means - don’t overspend. Forgo your daily trips to Starbucks. Those small things you spend on daily adds up at the end of the month. Set aside a large chunk of your salary and stick to essentials. You can reward yourself that nice juicy steak in your favorite restaurant if you accomplished a certain monthly goal. The key is to reward yourself once in awhile when you completed a goal whether it is a success or a failure. It will be a great motivator either way - because even if you failed, think that you have to think of a way to make it work because you would like to eat that nice juicy steak more often so you need to succeed.
• Allocate your savings - since you set aside a large chunk of your salary. You need to allocate it. Example: 20% - education, 15% - reward motivator, 40% - future investment, 25% - others, and so forth.
• Invest in your education - You don’t stop unlearning. You don’t stop reading. You don’t stop learning. When you learn something, you must unlearn something. For example, you learned something that could potentially make you rich. However, in your childhood, you remember your folks telling you rich people are thieves. You must unlearn those taught to you by your folks or it will keep you from getting rich. And of course, learning needs funding - buying books, attending seminars, and so forth. Spend on your growth - it is worth it.
• Follow your idol - in show business, people follow idols and support them. Problem is, they make their idols rich. So choose an ideal business idol or a tycoon - like a CEO or a corporate leader. There are plenty out there - Warren Buffet, George Soros, Bill Gates. And try to be like them - how they eat, work, do business and so forth. Make one of them your favorite mentor, even if not personally, they would have some at least an impact in your life. Because those successful people you follow, also have their own mentors and idols that they follow.
• Find other people with the right mindset - if you frequently mingle with people with mediocre mindset of being happy a slave in the office you won’t get anywhere. Sure, everybody wants to be rich. But to most people it is basically a “wish”. So you must find people who are willing to run after that goal instead of just lying around and daydreaming about it. They must share the same vision as you are and are willing to work for it.
• Have an open mind and prepare to venture out of your comfort zone. Don’t be afraid to lose. Thomas Edison failed 1,000 times before he invented the light bulb. Tackle each failure with an open mind and flex yourself in order to succeed.

Oh, and be a little crazy.