Connect with us

Success Advice

6 Hidden Trends of The Youngest Millionaires

Avatar

Published

on

6 Hidden Trends of The Youngest Millionaires

Being a millionaire is very rare in our society. Many work their whole lives and never reach that status. Of course, they’ll validate that any way they can, saying things like “I don’t care about money,” “Millionaires aren’t happy,” “I don’t need that much money.”

I’m sure you can think of 30 other validations. You don’t make a million by accident, and if it’s not a goal you sure as hell won’t hit it.

This article isn’t about the money, it’s about interrupting the belief system you currently have and propelling you toward real wealth. Here is what I’ve discovered over the past 10 years and the common themes you’ll see in all Young Millionaires.

1. Urgency

The best companies on the planet love young talent, they love those who are on purpose, and those with a sense of urgency to their life. Google is hiring more teenagers than college graduates, and even a 12-year-old who is just beginning high school.

Realize, now matters more than any other time, and the “someday isle” mentality is killing so many dreams. Opportunities are only opportunities if you’re taking full advantage of them. Young millionaires always do, and they are consistently reaching for new goals and ambitions. You must have a sense of urgency that most of society doesn’t have if you’re serious about success.

 

2. Elevated influence

Behind every young millionaire you’ll find an educated and wise mentor. I have yet to meet any millionaires or billionaires who don’t have mentors that guide them, challenge them, and focus them on thinking bigger. They understand deep down that it’s impossible to grow, learn, and become the person needed to reach the million mark without an exceptional network behind you.

Success rises and falls on who you associate with so make sure you stay aware of your surroundings. You can systematize a lot of things, but you can’t systematize time so make sure you’re always spending it with the right people.

 

3. Maximizing their strengths

We’re conditioned by our teachers, peers, parents, uneducated coaches and everybody else pumped to give advice that you must “learn to work on your weaknesses,” and “strengthen your weaknesses,” but all young millionaires focus 100 percent on their best skills and strengths. They learn to surround themselves with people who compliment their weaknesses, or they delegate them. You’ll never get wealthy focusing on things you aren’t good at. What is your one thing? What can you become the best at?

Now, once you master that area, and start producing real results, you can then move to something else. The jack of all trades is seldom exceptional at anything, and usually broke as well.

 

4Never trade time for money

Young Millionaires realize they’ll never become wealthy trading time for money, and neither will you. It’s ok for awhile, but at some point you have to focus on scaling and leverage.

One of the reasons entrepreneurship, network marketing, direct sales and internet businesses are growing exponentially is because of the endless possibilities and upside. It’s not easy, and it takes risk, but you must see past the risk and focus on the rewards. Focus on the power of leverage and how to create consistent income without trading time for money. Investment properties, membership sites, building a brand, partnerships, affiliate marketing, different types of programs, etc.

Take some time to really analyze if you’re maximizing your time. If you are trading time for money make sure it’s an  intelligent trade.

 

5. They don’t worry what others think of them

You must drop the need to be liked if you want an extraordinary life. People who care what others think of them will always be limited to others opinions. You best believe Young Millionaires take very few opinions and have extremely thick skin. They study how to be mentally tough.

When you pursue greatness don’t expect others to support you, because you’ll represent the courage, strength, and vision they don’t yet have. The remarkable innovator, Steve Jobs use to say “your time is limited so don’t waste it living somebody else’s life.”

Young Millionaires trust their vision, and have an unshakable confidence in what they do, even when everyone else is doubting it. I challenge you to stay fearless in everything you do. The reason most don’t take risks, live on the edge or push the envelope is the fear of what others might think of them. If you want to live the life you truly deserve, one of significance and fulfillment you must give up the need to be liked by everybody.

 

6. Producer first, consumer second

MJ Demarco in “The Millionaire Fast Lane,” talks about the importance of being a producer first, and a consumer second.

Here is an excerpt:Applied, this means instead of buying products on TV, sell products. Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer. To consume richly, produce richly first. Unfortunately, most people have it backward: consumption and no production. Producers get rich. Consumers get poor. Switch teams and reorient as a producer first, a consumer second. Make wealth attracted to you!

Those focused on building something bigger than themselves, and those on purpose, are always producing results, not consuming.

 

I challenge you to take these serious and become more intentional in all you do.

Most people spend the first half of their lives saying they are too young, and the second half saying they’re too old. The time is now, and there is no tomorrow for champions. This is the greatest time in human history for those who take 100 percent responsibility for their economic well being.

Respect to you and the progress you’re making towards a world class life.

If you haven’t already, make sure you checkout my -> Free Deep-Dive Entrepreneur Breakthrough Training + 2 Downloads

 

 

Peter Voogd is a 2x Best Selling Author, and the founder of the prestigious Game Changers Academy.  He’s been labeled the leading authority on Gen Y leadership. He’s been featured in Forbes, Entrepreneur Magazine, inc.com, Time, HuffPost along with many other international publications.  He’s trained over  6,000 young entrepreneurs personally and his podcasts, videos, websites, and social media reaches over 1 million people monthly.  He’s known for his No BS approach to life and entrepreneurship.

Success Advice

10 Tips to Deal With Negativity While Starting a Business

Avatar

Published

on

Image Credit: Unsplash

There are ups and downs in business but fearing failures can stop you from taking your first step towards excellence. With pandemic on tow, aspiring entrepreneurs feel a little stuck when ideating a business prospect. Here, we give you some actionable tips to deal with negativity while starting a business, even during situations like a pandemic. We also took the liberty to throw in some amazing book recommendations that’ll help you enjoy the process of being positive and achieving your business goals.

10 Tips to deal with negativity while starting a business in a pandemic

1. Get a mentor

The first thing to do as a new business owner is to find the right kind of mentor. That person could be someone in your industry or in general who you look up to. The guidance must be apt for your business, and it should be a mutual responsibility of sharing knowledge. 

2. Two big R’s – Routine and Refresh

Made a mess of something? Try to reboot the situation and make it work. Take a break once in a while and refresh yourself if you feel stuck or your ideas feel mundane. Plan a routine and stick to them – both personal and professional. Having a routine can increase productivity and engage in more activities apart from your pre-planned schedule. 

3. Inculcate problem-solving mentality

Do not panic once you are thrown a problem. Arrange a meeting with the respective party, listen to both sides of the stories, and make a decision that is more realistic and feasible. 

4. Hire half and half

Whenever you hire someone for your business. Make sure that half of the people contradict your ideas, and the other half have the same mindset as yours. The people who contradict can bring in more valuable points and their perspective might take the discussion to a whole new level.  Don’t take too much time finding the perfect one. Hire an apt person who can have the right attitude. 

5. Network, Network, and Network

Find like-minded people and mingle with them. Be more sportive in the learning process. Listen more and talk less – if you are a beginner. You can only be a constructive person who gives input to someone if you have listened to everyone’s point of view. If you feel down, your network might have something to uplift your mood and change your perspective on something. 

“Negativity, in general, is one of the things that holds people back, and you have to see what’s holding you back to get away from it.” – Lucy Dacus

6. Tech-savvy personnel

Learn a thing or two about the latest technology that you implement in your organization. Since the world revolves around technology, make sure your administrative authority knows as well.  

7. Don’t schedule a meeting, that could have been an email

Yes! I said it. Having unnecessary meetings will weaken the purpose of having a constructive discussion. Having back-to-back meetings drains the team members and yourself too. Always have a 10 to 15 minutes break between each meeting to feel refreshed and give your 100%. 

8. Have a pros and cons list

Always, I mean always have a pros and cons list. Let’s say one of your team members pitch an idea to improve the marketing strategies starting next month. Jot down the pros and cons before approving or rejecting it point-blank. It’s a systematic way of making a decision. 

9. Track your finances

Even if you have a team of accountants and auditors, make sure that you are present (both mentally and physically) – learn if you are not aware of it. Trusting your employees is a must, but not overseeing the records is a mistake that should be avoided. 

10. Remember your “why?”

At some point in your hectic schedule or not having ME time can get to you. During those tough times – ask yourself – “Why am I doing this?”. If you can answer this question with a valid explanation, you’ll feel energized. Because “A purpose drives you”. 

5 Best books to read to be more positive as an entrepreneur

Reading always puts me into perspective. Therefore, I took some liberty to give a sample of positivity and determination through words. 

These are the 5 books that’ll guide you to be a more positive and successful entrepreneur. 

  1. Attitude is everything by Jeff Keller – The decisions you make, the routine you set for yourself, and the affirmations you say to yourself every day are going to make a huge difference. If you feel tired, hopeless, and quitting – then this book is for you to boost you up!
  2. Mindset: The new psychology of success by Carol Dweck – You do what you think. In this book, the author talks about two mindsets: The growth mindset and the fixed mindset and what they’ll do to you respectively. She helps you recognize your mindset and change it for the better. 
  3. Innovator’s Dilemma by Clayton Christensen – This book is about technology uprisings all over the world and businesses that adopted and implemented technology in their firm. The author teaches you that just because your competitors and others are adopting something into their businesses doesn’t mean that you have to as well. Make an informed decision. 
  4. As A Man Thinketh by James Allen – This book specifically is about the power of thought and how it shapes your life into a more meaningful and fulfilling one.
  5. The Power of Now by Eckhart Tolle – The author talks about how people always keep thinking about what the future holds but then forget to live and enjoy the present. And also helps us understand how to make decisions more efficiently based on the present. 

Working towards inner balance requires consistency and perseverance. So does hard and smart work. Being negative is a part of our lives. It’s important to channel it appropriately and make things happen despite the roller coaster ride that is our lives. Hope you overcome your fears and negativity to shine bigger and brighter. Cheers! 

Continue Reading

Success Advice

Defining Your Own Success: A Step by Step Guide

Avatar

Published

on

Image Credit: Unsplash

Everyone wants success in their lives, but success can be defined in so many different ways that it can sometimes seem daunting. In this blog post, you will learn how to make success easier for yourself by defining what success means to you. (more…)

Continue Reading

Success Advice

5 Characteristics of Athletes You Need for Business Success

Avatar

Published

on

Image Credit: Unsplash

Michigan State basketball coach, Tom Izzo, wrote “Players play. Tough players win.” I would add to that, “It’s tough to win.”I think if you, as a leader, are looking to build an organization that is successful – that wins – you first have to accept that it will be tough. There are no shortcuts to success. In my 44 years of coaching, I was fortunate to coach a lot of tough players. I believe the toughness I have seen in athletes corresponds well to any organization or business. (more…)

Continue Reading

Success Advice

5 Changes in Your Habits That Will Help You Thrive

Avatar

Published

on

Image Credit: Unsplash

We’ve all found ourselves at the bottom at least once in our lives. We thought that everything’s ruined and there’s no going back. The truth is – there’s always going back. Moreover, it takes one to fall many times and feel like everything’s ruined to succeed in life. (more…)

Continue Reading

Trending