If you’ve ever pondered how to make a million dollars, chances are you don’t already have a million dollars and probably have never possessed 1 million dollars.
You’ve heard all the stories about how other people have awakened one morning to suddenly have a million dollars in their bank account and you’re thinking you want some of that too.
Are these stories true?
For the most part, they are, though many important details are often left out.
Could it happen to you?
Yes, it could. Anything could happen. Will it happen? Well, that’s another question entirely. Whether it happens to you, or not, depends on you and what you do.
Which of these two?
First, you have to ask yourself how bad you want it?
Based on your desire to attain your one million dollars, do you want it
The Easy Way? or The Hard Way?
The easy way, means you’ll be at the very least buying lottery tickets regularly. Buy lottery tickets regularly while you daydream about winning the lottery, getting one dollar from every person, or coming up with your ingenious idea that will shower you with millions of dollars with little or no effort on your part. Unless you have a wealthy relative with whom you share good favor and he/she has named you as the recipient of 1 million dollars in their will, you will probably win the lottery before you make a million dollars the easy way.
If you want it bad enough to be willing to do it the hard way, you are willing to take 100 percent responsibility to the work necessary to make your vision of having a million dollars a reality.
What do you have to do?
We can learn from millionaires who have amassed fortunes and started from scratch. These individuals set out to purposely create wealth and many started with little or no resources at the out-set of their financial journey.
What did they have?
1 Passion and Vision
They have a clear vision of the ultimate destination and the drive to make it happen that is so strong that it enables them to power-through the tough times (and there will be times when it gets rough).
2 Self Awareness
Successful entrepreneurs spend time assessing themselves of their skills and abilities, so that they are aware of their own individual strengths and weaknesses, realizing they will probably not be able to do it themselves, or having a team (made up of those who have the entrepreneur’s weaknesses as their strengths) to accomplish the mission.
(Not the traditional get-a-degree type of education.) They teach themselves or learn everything there is to equip them to do whatever it takes to make their dream come true. Even if they are not doing the work themselves (outsourcing) they have a basic understanding of what needs to be done so they can hold others accountable.
They make plans and are willing to change them on-the-fly based on emerging data, as circumstances, the landscape and marketplace changes and they adapt.
5 Create Momentum
Without momentum, you’re really going nowhere. The people who really make their dreams come true are in the business of doing something every day (or regularly) that moves them closer toward where they want to be. Regular movement forward creates momentum and it is accumulative, resulting in a wave that can propel itself forward, while haphazard effort will mean much more work over time.
6 Accept the Process
Successful entrepreneurs who started on a shoes string accepted the idea that achieving their financial goals may take on many different faces and progress through different phases on the journey from here to there. It may take starting a small business, selling it and parlaying the profits into the next venture. A process that may need to be repeated until the goal is attained.
7 Fail Forward
Be willing to fail at any point along the way, but not to give up when faced with failure. Actually, to the burgeoning entrepreneur, there is no such thing as failure, as it is only a learning tool. It’s like being thrown off a horse. They don’t give up riding altogether. They dust themselves off, evaluate what happened, and get back on a little wiser than they were the last go ‘round.