Who Wants to Be a Millionaire? Sharon Lechter’s Best Money Tips.

The steps for becoming a millionaire are simple. You need a personalized strategy based on where you are in your financial journey right now. You have to outline your goals and be very clear about the direction you wish to take your life and your finances. You must decide what you are willing to sacrifice to reach your goals. Then you need to define the steps to take to move forward, and execute each one with focus, dedication and consistency. 

It is simple, but not necessarily easy. If you think you have what it takes to become a millionaire who makes their money and keeps it, read further for my best money tips for building wealth.

Our first stop on the wealth building journey is millionaire mindset strategies. 

Your money mindset matters—a lot—because making money starts in your mind first. Every single successful person I know, especially self-made millionaires, believe that they can easily make money, and it can be done in so many different ways! They think it’s fun and exciting just to think about the variety of things you can do to make money, and even better…do them!

So, if you think making money is difficult, dealing with that limiting belief is your starting point. 

Then, to engage a millionaire mindset, utilize these three strategies: 

1. Millionaires actively look for new perspectives because it helps them see old situations in a new way—and that reveals new opportunities they couldn’t see before. 
2. They seek to learn from top experts because it saves them all the time and frustration that they would otherwise endure trying to figure it out on their own.
3. They purposely give themselves time in their schedules to just sit, think and imagine. New ideas breed new opportunities. Taking time to dream is an important part of creating something that has never been seen before.

Personally, I know the time I have spent imagining something greater for my life has been more than worth it! Those dreams are a big part of the reason I am where I am today. That and the many years of research and learning I have done on my own, combined with the guidance I have received from other millionaires about how to invest for financial success. 

Millionaires’ secrets for financial success.

Millionaires have exceedingly smart money habits. In Rich Dad Poor Dad, a book I co-authored, one of the key insights it revealed is that millionaires know how to make their money work FOR them. This is what you will need to learn as well. Some of the strategies they use include:

• • Paying themselves first. Before anything else is paid, a certain percentage of their income is immediately invested to make more money. These days, there are so many different ways to automate this by leveraging technology for financial success. Automation ensures you stay on track with your saving plans and investment strategies, without even thinking about it! 
  • Avoiding bad debt and living below their means. In a world where there is a significant value placed on owning things that don’t bring any financial return, many people go into debt to acquire them, taking them away from the prosperity they crave. If you study the money habits of millionaires, you will see that they are frugal in many ways, and they don’t typically impulse buy. They also pay attention to their money and are very aware of the costs associated with bad debt and good debt when borrowing money.
    
    

• Leveraging other people’s money. Millionaires understand that they don’t actually need to use their own money to build financial success. Instead, they think creatively and look beyond their own resources when starting new businesses or expanding current ones. They use innovative approaches to leverage their way to financial independence, without detrimentally impacting their financial status.

• • • Investing wisely. Learning how to invest takes time, which is why self-made millionaires turn to the people who have done it before and simply follow the exact steps they took to make their money. This is a simple and highly effective strategy forsmartinvesting that pays off. Working with a seasoned and successful financial advisor is also an excellent choice to make.
    • Having multiple streams of income. Financial diversity is one of the most effective wealth-building tips I can give you. Putti
      ng all your eggs in one basket is risky, which is why millionaires ensure they have a variety of incomestreams from different sources and are diversified across asset categories. Real estate, rental properties, stocks and bonds and small businesses are just some of the many options that millionaires use to create financial success.

   

• Learning continuously and investing in themselves. When you want abundance to expand, you mustexpand yourself first. As we said above, millionaires are always looking for ways to gain new persp
  ectives and opportunities. They understand they are theirbest asset, and that personal growth and development is thekey to building further success. You cannot reach that kind of success doing
  the same things every day. You must find new areas in which to develop yourself. At the very least, this will require an investment of time, but it will be worth it! As you develop yourself, you will get new ideas that will spark more new ideas; and what you learn in one area can be applied to another area to create something never seen before. That novel idea can lead to greater success than you can possibly imagine from where you are right now. 

By doing what millionaires do, and dedicating yourself to practicing their smart money habits, you will build the financial success that you so richly deserve! 

Surrounding yourself with other people on the same journey will also speed your progress. Add insights from a Master Mentor who understands the financial world, and you will move even faster. That is what you will get when you join my Let’s Talk Money monthly webinar! In it, I share my perspectives on what’s currently happening in the financial world, talk about the factors that are influencing my decisions, and reveal the opportunities I see for investors and business owners. 

CLICK HERE TO JOIN LET’S TALK MONEY TODAY! 

“Sharon Lechter champions her message by sharing it in ways that are compelling and relevant and by living the example for others to follow. An extraordinary mentor to many, she has inspired the rest of us to become the best form of ourselves.” – Greg S. Reid, Award Winning Author and Speaker; Founder- Secret Knock, Forbes, Inc, and Entrepreneur top rated event for business leaders and Investors