33% Of Self Made Millionaires Are Entrepreneurs. Developing The Millionaire Mind
Have you ever wondered how millionaires are able to earn so much money
? Are you curious about what they do, how they do it, and how you can too? Millionaires think and act differently that other individuals and therefore they achieve different results. While most people think and act in a way that keeps them in a financial rut, millionaires think and act in a way that allows them to earn massive amounts of money and grow unlimited wealth. One of the biggest problems that most people have when it comes to making money is that they are limited to the amount that they can potentially earn. Most people get paid based on the amount of time they spend working. Whether it be a salary or an hourly wage, when your income potential is limited, making millions is probably not going to happen. That is why the number on rule of getting rich is to never have a ceiling on your income. That is why over 33% of self made millionaires are entrepreneurs, because entrepreneurs work for themselves and can therefore earn money without limits.If you want to become financially free, or if you want to earn millions of dollars per year, then you need to get paid based on your results. It is nearly impossible to earn millions if you trade your time for money, and it is also impossible to become financially free. What real financial freedom is is having enough money to live prosperously without having to work. Just about every self made millionaire understand the power and importance of passive income streams. Passive income is the perfect vehicle for financial freedom, and when you own a business of some kind you can automate it so that it works for you, earning you passive streams of income while you have the freedom to do what you please.
People with the millionaire mind also know the importance of leveraging their incomes, which is also something that entrepreneurs, business owners, and those who get paid based on their results are able to do, while wage earners are not. "With a lever long enough, I could move the world." These famous words show the power of leverage, and when you leverage your income you essentially earn more with less work. Having employees means that you earn money from your efforts as well as the efforts of others, and you also can leverage their ideas and talents. When you are the employee, you have no way to leverage your efforts. You income is stuck. No business? Network marketing gives anyone the power of a leveraged income, and if you create residuals you can also develop a passive income at the same time.
Financial success starts with the right knowledge and the right tools, and it takes flight when a motivated individual takes action and bring their business and financial goals to life. You now know more about how self made millionaires earn millions of dollars, and you can now use that knowledge to set large financial goals, start getting paid on your results, developing passive streams of income, and leveraging your income to earn more with less. But this knowledge alone will not make you rich. You will only begin growing rich when you take this knowledge and apply it. Action is a necessary key to success.
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