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Qualities Of A Millionaire Essay

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7 Traits of Young Multi-Millionaire Entrepreneurs Being a millionaire in our society is a thing that is considered uncommon. This is because many work their whole lives and never get that rare status. Consequently, they try to comfort themselves that at all they are not after much money because millionaires are not happy. However, they should know that no one makes money by accident but it is all down to proper planning and working towards the goal. This article is about enlightening on the traits that can change such beliefs and push you towards acquiring real wealth. Here are some of the traits those most young millionaires posses. Fine Influence Most young millionaires happen to have educated and wise mentors behind them. These mentors …show more content…

Fear of taking risk is the reason why many people with great potential live on the edge or remain in a cage. Thus, if you would like to live a life of significance and fulfillment, you learn to take risks and forget being liked by everybody. They Focus on Being Producers First Most young millionaire entrepreneurs have achieved much by focusing on being producers first and then acting as consumers later. In the book “Millionaire Fast Lane” MJ Demarco talks about the importance of being a producer before being a consumer of other people’s things. He says that instead of buying things, sell products. Instead of taking a class, offer a class. Instead of taking a mortgage, hold it. Thus, free yourself from being a consumer first and turn to the side of being a producer. In short, to consume richly, you have to think of producing richly first. However, many of us do the opposite consumption without production. This makes us poor since practically producers get rich but consumers die poor. Never Trade Time for Money Young millionaires understand that it is hard to get rich while you are trading time for money. You cannot be rich doing this either. However, it might be okay for a while but with time, you have to think of the

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