Secretes of self made multimillionaires

Secretes of self made multimillionaires

You may think that being a multimillionaire is just a far dream beyond your reach’ but becoming a multimillionaire require certain habit that need to be adopted within you to cross there. Below are some of these habits/secretes.

  1. Decide to be a millionaire. Make sure that your mind body and soul are fully aware that you want to be a millionaire. Make a definite statement at least 3 times a day, e.g. “I want to be 10 million dollar rich gay within 5 years” and clearly state how you expect to get it. You can as well write it somewhere you can see and read it everyday or any other methods that daily reminds you of your dream. This alone will later create a force towards becoming what you want to be and as well creates opportunities drawn towards you into becoming what you want to be. Then you will later find yourself a multimillionaire in uncommon way you don’t understand.success-and-failure
  1. Treat it like a duty. Multimillionaires expectations are always very high, even if they fail they think again and look at their mistakes and come back in a different version. Make sure that you and your body, mind and soul are aware that its your duty to be a millionaire, you will not stabilize until you become one and you will.
  2. Surround themselves with multimillionaires. Rich people understand it that its motivation and    . knowledge that makes you fly. Rich people always motivates in the way they say or do things and the way Being rich is a choice as well as being poor  they think. This helps you get inspired to think big and do big things if you surround yourself with such big people far ahead of you. Millionaires motivates in the way they do their things and even things they do, and many people want to associate with them in so doing you will also admire that state. That alone creates a great force and opportunities to becoming a millionaire.
  3. Get rid of poverty thinking. Most of the people get the poverty thoughts from their ancestors who where poor and the poverty cycle continues from generation to generations. Thoughts like rich people are greedy, money doesn’t grow on trees, am not made out of money, there is no money etc. replaces them with those for the rich such as there is abundance of money in this world, money is power, money is great etc. you will get transformed.
  4. Create and buy time. Rich people understand that time is more valued than money and that’s what God gave us all equally and the way you use your time determines your state. They hire it from the poor and get many hours a day if not a year a day which gives them better potential to gather lots of knowledge and energy to generate a lot of money for them. One person like bill gates buys time from thousands of people for an average time of not less than 8 hours a day consuming hours close to million a day gathering a lot of knowledge and skills hence huge sums of money.
  5. Invest more in assets than liabilities. Rich people invest much of their money in things that brings money to their pockets/account and grows in value with time such as houses, businesses, stocks etc unlike the poor and middle class who put much of their money in things that takes away money from their pockets and depreciate with time such as cars, home appliances etc.                After acquiring successful habits wealth get attracted to you in the most unexpected ways
  1. Diversify your income. The rich don’t depend on only one source of income, they have multiple flows of income because they understand that at given time t your certain source of income may encounter certain challenges which may lead to collapse but with multiple source one aids the other and there is a diversified growth in knowledge.
  2. Pay yourself first. When I first heard of this I thought it was not to pay others and hence being greed and not Godly but it’s not like that, you must pay others as well but pay yourself first. Paying yourself first means whatever income you generate immediately take off not less than 10% and save it to your investment account ( an account intended for buying things that bring money into your account such as land, business ,business machines etc ). This is a great secrete my dear who wish to be a millionaire because if you don’t do this and pay other things first like rent, electricity bill, home needs, etc. you will find at the end having no money to save, but if you pay your self first you find yourself able to survive on the remaining income and will find yourself building investments with time and create grate wealth. The advice I give you is to save with a purpose not saving recklessly and when the money is enough for what you want please buy it and start saving again, this will encourage you see what you have done and motivate you to save more and again the money that is saved is not generating enough returns than the invested money.


  1. They have a sense of agency.
  2. They find strong mentor.
  3. They focus on leverage.
  4. They don’t care what other people think.


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Main causes of sudden loss in an income

Main causes of sudden loss in an income

An income is a very important thing when we are to define success and prosperity in our lives. In fact to excel financially you must be skilled to grow your income. So this time round I have to you main causes of loss of an income as it has contributed greatly to the current great number of unsuccessful people in the world but don’t worry I have listed as well the solutions to combat this problem to have many people succeed in life.

  1. Abrupt loss of job. This is normal if you are an employee because there are several factors resulting from that this include among others company’s income shrinking and levels of productivity among employees.


Mind on building passive income (from your salary saving) i.e. income generated from stable investments such as real estate and mutual fund.

All successful people have this secrete in common because they know that all other incomes are not stable (they can go any time).

You as well put another source of income like business to supplement job income to easily raise money to set up investments that brings in passive income. I advise employees to do part time business but not part time jobs because with a business you own it, it grows with you and you can pass it on to your children unlike a job.

  1. Loans not properly planned for. Some people take loans to finance liabilities (things that remove money from our pockets or don’t grow in value) such as wedding party, personal car etc. without first planning properly how to pay it back. Most people of this category end up their good
    Loss is a lesson to think again and act differently.

    sources of income sold by the lenders.

Solution financially intelligent people don’t find loans to liabilities rather they get loans to finance assets (things that bring money into your pocket or grow in value) such business, land, contracts etc. these assets generate s

  1. Some employees have let down many business which where good source of income to owners by removing money and other valuable products from the business and finally letting it collapse.


Please end ever to do the following to avoid fraud in your venture

i) Love your employees.

ii) Pay them effectively.

iii) Understand each other.

iv)Always be strict on finances and employ better methods of financial control.

v) Let them understand the mission and vision of your company/business and impart in them a sprit to love the company.

vi) Always employ better systems and improve on managerial skills to better run your company.                  If the above points are taken seriously and properly implemented you will reduce if not eliminate fraud within your company.

4. Copy and paste method of doing business. Some ventures fail because owners had no plan and passion for them, they only see their fellows doing them and copy exact thing and do it somewhere else or even near the original one.

Solution. Always do what you are passionate about and with the project plan first.

  1. Taking a wrong business line. as the world is ever changing there is and there will always be shift in business rends and it may happen that you are taking a line infertile, this one alone can lead to your loss in income because people’s desires are shifting from one line to another.

Solution, be innovative

  1. Dealing in illegal business. Some people are doing businesses that are allowed to operate in there areas of operation or even worldwide such as sell of marijuana, ivory, narcotic drugs etc. if you own such a business chances are high that you most likely to loose your income your product may at any time be impounded by authorities.

Solution It’s true that such kind of businesses are very profitable but the risks are also to high that will even lead to your imprisonment where the biggest resource ie you is in custody. So, I advice you to stop his business but if you can’t afford that I again advice you to risk less by investing your profits in another legal business and grow it bigger as you get out of the the other one.

  1. Calamity, most people loss their income in calamities like fire, earth quack, heavy storm etc. in most cases these strongly affect the business with almost everything destroyed.

Solution; always make research of the area you to establish your venture and have crew on likely calamities to occur and take insurance cover against them. If you are along the hill please insure your venture against hailstorm, if you use electricity insure your venture against fire and so on.

  1. Failure to pay taxes, if you are a kind of person who doesn’t pay taxes I want to assure you that paying tax is good and healthy for your business.

Remember also to love your country like your family  and its doing a service to you like building infrastructure e.g. roads, railways, electricity etc that you are using also safeguarding the nation such that you and your business stays and work effectively and many more. So refusing to pay tax is like doing a disservice to yourself. Remember even by not doing your resiponsibility to pay tax the authourity have the power to impound your goods or penerise you which will be a big loss to you.

Solution. Be a responsible citizen and pay your taxes timely.

  1. Lack of research and innovation, people always keep on wanting better things, if you are kind of a person who doesn’t researches about customer needs and keep improving your product/services depending on research results you will one time find a good competitor with ever improving product/service and it not take you long to collapse away from the market if you don’t style up.

Solution; always study your customers and be innovative enough to provide products/services that suit their desires.

  1. Lack of discipline / little customer care, human being where created to be cared about let it be a man, woman, child or an elderly. This a need  that cuts across human race and beyond, my dear reader of this post where there is a need there is an opportunity so take use of this need seriously and provide care to thousands of people that will make you great and a highly successful person.

Solution; care about customers / people that come to you that’s when they will return back happy and feel loyal to you.

Other causes;

  1. Lack of enough capital.
  2. Poor systems in running a venture.
  3. Poor advisors
  4. Dealing in fake products/services.
  5. Heavy taxation
  6. Lack of enough knowledge and skilled manpower.
  7. Exploited resources.
  8. Poor management.

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start business with little or no money

online cash

start business small
start business small

A business is like a creature that requires birth, mind, body, soul and care to come alive and grow. Therefore below are some of the tips to help you start business with a strong foundation to last irrespective of you having little or no money at all.
1. Have professional skills.
With big investors like wallen buffet who are already having enough money required to start business by just hiring or employing professional experts in that relevant field definitely may need not to have this no.1 tip. But if you have little or no money to build any strong business you have to be with enough knowledge to exchange for cash or have to build a product or service that will be liked by many people. So, this is essential for building any successful enterprise. Some countries offer free education so if you belong there we are talking. But if your country doesn’t offer free education you can still first understand what you want to invest in either through someone who understands the field or you can get a job there. But invest where you have knowledge.
2. Develop a good plan before you start business . After studying the field, you can now come out with a unique business plan with better strategies to handle challenges in the area and come up with better products and service that suits better to address customer needs.
3. Have some technical skills to offer. Make sure that somewhere in the organization system you have what you can do best such as marketing, human resource management, production techniques, procurement, etc. this will help you to effectively participate in the running of the business.
4. First settle on one business idea. Divided attention is divided strength; one of the main courses of failed ideas/businesses is lack of concentration on that one particular thing until its success. Many people especially the youth have many ideas but they fail to concentrate on one and keep trying on this and that as each trial comes with a challenge and they have many challenges to confuse and discourage them or even discourage them. There is saying that the success of a posted stamp is its ability to stick to the document to the end. If you become like a post stamp you will be successful.
5. Find a business partner with cash. Since a business can never run without cash, you have to find someone with money. There are very many people who are willing to put money if you have a sounding business plan, try on line and even local people and organizations.
6. Start a service based business. This requires no much capital so you can begin from there as you advance even if step 5 above fails or delays to mature partners can find you along the way or you even fund it yourself from profits made as a result of service rendered. If say you want to build a the best shoe company in your country, you can start by people’s shoes and keep re-investing your profits and other related efforts to make your dream a reality.
7. Start business at home. If you a person without or with little capital don’t hesitate to start thinking that you have to first find a commercial business premises along the town streets. Even most big companies such as Amazon, Microsoft etc. begin at home, you can also begin like them and make it.
8. Build strategies to success. Now after starting you have a lot to do. Make sure you have goals to achieve every day, month, year, 3 years and son to ensure that you reach your dream within a stipulated time within your plan.
9. Look for a large market. Surely every large business got large market to serve, so to become big make sure you find big markets, test it you will testify to me.
Other tips to start business with little or no money
i) Obtain a bank loan
ii) Apply for government grant
iii) Raise money from crowd sourcing websites.
iv) Source money from family and friends.
v) Raise capital from investors.
vi) Take your idea to institutions that support entrepreneurship.
vii) Participate in entrepreneurship competitions.

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