I started with nothing and have been blessed with enough focus, commitment, follow through and the ability to not make excuses that I have done extremely well in my life.
I recently did a show on GrantCardoneTV.com on How to Make Your First Million, which was streamed on Periscope and Meerkat and viewed live by over 10,000 people.
Here are the takeaways from the show:
1. It’s never been easier.
It has never been easier, so don’t make it so difficult. There is so much money in the world today and so many ways to get yourself known. The first thing you have to know is that it’s out there and it’s not that hard. In fact, everyone will be a millionaire in their lifetime: $50,000 per year times 20 years equals $1 million.
2. Saving won’t do.
The old ideas of saving every penny is not the way today. You can’t simply save your way to the first million without becoming old, at which point the money probably won’t matter to you.
3. Live below your means.
Live below the money you are making. Not because you are depriving yourself, but because you are seeking to bank millions. No one has ever done business with me because of the suit I wear, the watch I have on my wrist or the car I drove. Live below your means until you don’t have to anymore.
4. Push every tax angle you can.
Learn the tax code and use it to your advantage. Quit bitching about taxes and learn how it can benefit you. The code was put together to give preference to earners. I have joined multiple multi-level marketing companies while still being an employee so I could take advantage of write-offs like the home and car. These were, and are, legitimate ways for me to reduce my tax bill and possibly make some more money — plus I have a chance to surround myself with great people.