3 Things You Must Do To Become A Millionaire

1. Set Financial Goals

Many people look in awe of those millionaire playboys just living the life. Margaritas, pools, exotic cars. All the things we strive for as a status signal and a happiness indicator.

We all want to become millionaires, but many don’t achieve this level of financial success in their lifetimes. Why? The very first thing is people fail to do is set goals.
Setting goals is the number one reason why there are not more millionaires in the world. Sure there are many millionaires that struck it rich by some invention or app that caught on, but the majority of millionaires set goals and slowly achieve that sough after millionaire status over their lifespan.

To Become a Millionaire You Must:

Set Financial Goals: The number one reason why people don’t reach millionaire status is because they don’t set any goals in the first place. Though this may seem pretty obvious, most people still choose to not set any goals and thus never achieve complete financial independence.
Set A Target: How can you hit a target if you don’t know what your target is? How can you drive somewhere if you don’t have a destination in mind? Just like driving aimlessly around for hours will leave you at a random spot you didn’t plan on, so will going through life without any financial goals. If you don’t set financial goals, you leave it up to the environment to dictate your destination.

Take Action: Millionaires are action takers! Take action and write down your goals if you want to be the same caliber as a millionaire. If you’ve ever listened to a motivational speaker, this is one thing they always harp on. Though it may sound like a cliche by now, it is true. You must write down your financial goals to achieve financial success. So get off your butt and set some goals if you haven’t already done so!
Tip: How To Set Goals Like A Boss – Maybe you think you kinda know where you are headed. You know the general direction. Lets just say you want a “Ton of money.” Don’t take this route for your goals. Be specific. Until you set a precise date, a specific outcome, and apply persistent action, with a little bit of envisioning thrown in, your “goal” is just a day dream that never comes to fruition.

Why don’t people set financial goals?

Many people want this millionaire status, but most people don’t take it seriously. They don’t take it seriously because they think it never can and never will happen to them.
Are people just lazy? Or is the real reason people don’t set financial goals for themselves because they don’t believe they can achieve it?…so they don’t even attempt to achieve their financial dreams, let alone write down their financial goals. That millionaire lifestyle just remains a dream to these people because they have the wrong belief system.

Wrong Belief System: Many people don’t believe financial success is possible. They just don’t see themselves becoming wealthy. These people like to think “realistically”. They believe they are only capable of making x amount of dollars a month with a job. They believe that people who make a lot of money are something special.
The Biggest Barrier: The wrong belief system is the single biggest barrier to become a millionaire. This completely stops people from attempting to set any real financial goals. Its pretty obvious to me that many people don’t achieve great heights because they never take a swing. Or they just take a few swings and give up. Many people live their whole lives in this state of mind, which sadly becomes the number one reason why they don’t reach their financial potential. Its time to adopt a new positive belief system if you don’t already have one.

Procrastination: The second reason why people don’t set goals is procrastination. They may believe it’s possible, but they don’t ever get around to actually writing down their goals nor do they persistently take action. Many people may have a mixture of procrastination and the wrong belief system.
Pain Vs Pleasure: The procrastination is an issue of pain vs pleasure. The perceived pain of actually sitting down to write a goal, and all the work involved in accomplishing the goal is holding people back. They give in to the pleasure in front of them, rather than investing for the future by putting in the work now. They associate pain with taking action, and pleasure with the TV or whatever else they choose to do instead.

Adopting a Millionaire Mindset

Having the correct mindset is key. The trick is, that you must continually work on the mindset because your mindset is on autopilot through your subconscious. Both your attitude towards money and your belief system can either completely stop you dead in your tracks or it can propel you towards financial freedom.
These things may be conscious when you contemplate, but when you get busy in life, what happens? Your thought processes go on autopilot, without you even realizing it. Just like driving and brushing your teeth is set on autopilot, so are your thought processes.
This is part of what your subconscious is. Your brain has adapted to function off of habits because its beneficial to your survival. You must create a new mindset habit though. You need to train yourself to habitually think in terms of “I Can Do It.”

2. Setting Low Goals

Failing to Think Big: The people who are most successful in this world think big. They don’t just set small “realistic” goals. They set goals that appear (to others) to lie way beyond their grasp. If they fail to reach their incredible feat set before them, they probably got much further then setting a smaller goal. For example, if you set a goal to run 5 miles today you would get much further than if you set a goal to run 1 mile. Even if you failed to get to the 5 mile mark, you would probably be close or at least halfway.

Wrong Mindset: Just like above, many people are held in a sort of mental prison because they don’t think they are capable of achieving great things. They don’t think they can, so they don’t try.
Take Action: You need to begin by changing your thought processes. You can train yourself to believe any financial goal is possible.
Low Goals Are Better Than No Goals: If you already do set financial goals, you may have limiting beliefs that cause you to set your goals too low. But hey, at least you are setting some goals right? This is better than not setting any goals at all. Be thankful if you are in this position. However, you are that much closer to reaching your full potential, so why not work on your belief system?

3. Lack Of Persistence

There Are Two Types of People: There are two types of people who set financial goals. Those who have not reached their financial goals and those who have not achieved their financial goals YET. The latter will not give up until they do reach their goals. They do not have the limiting beliefs like the first group. If you want it enough, you will achieve it as long as you don’t give up.
Persistence is the Last Puzzle Piece: Persistence is the only thing that matters. If you can persistently take action every day, you will be surprised what you can achieve. I like the system developed by Jerry Seinfeld were you don’t break the chain. If you put an X across a calendar everyday and you try not to break the chain of Xs, you will be well on your way to creating a daily habit of action.