If you’ve ever wanted to make a million in a year, then you’re reading the right article. That’s because you’re about to discover 8 easy-step method for making 1 million dollars.
And the good news is that this method works even if you don’t have an MBA or rich parents.
Does making a million sound like hype? It is.
You see hundreds of ads online promising to help you make thousands every month…Can they really deliver on that promise? Who knows. The point is there is something in the promise that is enticing, yes? The expectation that you can go from zero to a million dollar a year income is what the promises in those headlines are based on.
You and I know that, unless you win the lottery, the chances of that happening are slim to none.
Do you really want to make a million dollars a year?
You can you know.Wealth is not accumulated by hope or promises. Wealth is accumulated by increasing your revenues and decreasing or stabilizing your expenses.
We’ll talk about realistic strategies for increasing revenues for your business in the next several articles.
But I will not make them public because I do not want to reveal what I’m going to reveal to everybody. If you want to continue reading the next lessons for free, subscribe to my newsletter.
But nevertheless here are the 8 steps:
Step 1:Make the Millionaire Decision
Many people who want to make a million don’t even realize that they need to do this step before they can increase their income. And that’s why a lot of people who try to make a million end up failing – they’re simply missing this crucial step.
So, the first thing you need to do is to actually make the decision to make a million.You’ll find that this part of the process goes much more smoothly if you apply these tips and tricks:
- Remove all obstacles
- Economize all activities to this endeavor
- Add income skills
Once you’ve completed this first step – millionaire decision, then you can move on to the next step…
STEP 2:Million Income Math
The next thing you need to do is to calculate how much you would need to make hourly,daily,weekly and monthly in order to hit your target.
When I first started trying to make a million,(not made my 1st million yet) I made a lot of mistakes. And now that I’ve found clarity, I see a lot of people have a tendency to make the same mistakes. So let me share with you the top 5 mistakes and how to avoid them:
- No math
- Spent money on things rather than tools
- pie in the sky(No plan at all)
- Didn’t change anything
STEP 3:Increase Income
At this step you’re likely to notice that most people are broke and don’t have much money.So, what you need to do is to find ways to supplement your income or increase it.
I still remember the first time I was doing this step and trying to make money online.I made some poor decisions buying courses and materials that promised me instant riches but every time I will find myself at zero.Here you set targets and decide on which possible paths to take.For example you can choose one or all of the following:
- Start a business
- Marry or inherit
STEP 4:Determine Who Has Your Money & Go Get It
In this step you screen your market and make a list of qualified buyers.The main task is to raise money.This is also where you craft your sales funnel and making an offer.A must STEP.
STEP 5:Stay Broke
Staying broke in this scenario means being totally frugal.You must cut cost to bare necessities like food and surplus money should be used to invest in other million paths we talked about earlier.
Remember money doesn’t sleep but it gets bored-Grant Cardone
STEP 6:Save to Invest
When I was growing up I was told to save for emergencies like funeral, kids getting sick etc, which is good no doubt but as i grew older I realised it is also important to save to invest.For example you can save up to 10k so that you can start an internet business, which will ultimately pay u big in the future.However if you are going to save to invest keep this tips in mind:
- Know your investments(short and long term)
- Look for sure thing(no lottery mentality here)
STEP 7:Add MSI(Multiple Streams of Income)
This is the secret sauce for all the richest guys and women in the world.The rich guys and women have multiple source of income setup in different industries.Bill Gate,Elon Musk and many more come to mind.You should continue to add multiple streams of income both active and passive.Choose from these 3 to add as your MSIs:
- Real estate
- Investments(stocks,bonds etc)
- Businesses.(network marketing,franchises)
STEP 8:Repeat and Expand
And there you have it – a simple 8-step method for making million dollar a year. Now that you know how to get a million, there’s just one thing left for you to do: take action.
So get to it, and soon you too will enjoy a million dollars.
Click here to learn how to make money online