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TODD TREHARNE
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Published on 1/28/2020 additional information available

10 Steps To 10 X Your Wealth

#10 Steps To 10 X Your Wealth
# HOW TO BECOME A MILLIONAIRE BY AGE 30
# Unlimited Possibility
# entrepreneurs


10 Steps To 10 X Your Wealth

I read a great article today in the Business Insider, 
HOW TO BECOME A MILLIONAIRE BY AGE 30, 
written by Grant Cardone. For those of you that don't know him, he is the author of the 10X RULE which is a book I recommend as a valuable resource for all entrepreneurs.
In the article he shared 10 powerful tips for wealth creation that I felt were definitely worth re-posting. So take a minute and read through these. See what value you can take and apply in your own life and business from this!

1. FOLLOW THE MONEY.
In today's economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities.

2. DON'T SHOW OFF...SHOW UP!
I didn't buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.

3. SAVE TO INVEST, DON'T SAVE TO SAVE.
The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

4. AVOID DEBT THAT DOESN'T PAY YOU.
Make it a rule that you never use debt that won't make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

5. TREAT MONEY LIKE A JEALOUS LOVER.
Millions wish for financial freedom, but only those that make it a priority have millions. To get rich and stay rich you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.

6. MONEY DOESN'T SLEEP.
Money doesn't know about clocks, schedules or holidays, and you shouldn't either. Money loves people that have a great work ethic. When I was 24 years old, I was in retail and the store I worked at closed at 7 p.m. Most times you could find me there at 11 p.m. making an extra sale. Never try to be the smartest or luckiest person — just make sure you outwork everyone.

7. POOR MAKES NO SENSE.
I have been poor, and it sucks. I have had just enough and that sucks almost as bad. Eliminate any and all ideas that being poor is somehow OK. Bill Gates has said, "If you're born poor, it's not your mistake. But if you die poor, it is your mistake."

8. GET A MILLIONAIRE MENTOR.
Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires to duplicate what they did. Get your own personal millionaire mentor and study them. Most rich people are extremely generous with their knowledge and their resources.
10 Steps To 10 X Your Wealth9. GET YOUR MONEY TO DO THE HEAVY LIFTING.
Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work. If you don't have surplus money you won't make investments. The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last 10 years. My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to provide me with income. Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.

10. SHOOT FOR $10 MILLION, NOT $1 MILLION.
The single biggest financial mistake I've made was not thinking big enough. I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.
CHIME IN...
Do you agree? Does one of these steps resonate with you the most? Are you currently on a journey to create your first million? Even if you don't reach it by age 30, it's never too late to go after your dreams!

10 Steps To 10 X Your Wealth

How will you use this in your life or business?
Share with me what your thoughts on this are. What are you willing to do, TODAY< to step up and stand in your greatness? 
To Your Abundance and Prosperity!

Thank you for reading my posts! If you would like to connect, reach out to me on Facebook or other social sites.

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~Todd Treharne ~

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