3 WAYS TO BECOME A MILLIONAIRE | 360LIFE BLOG - 360Life Blog

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Monday, 12 August 2019

3 WAYS TO BECOME A MILLIONAIRE | 360LIFE BLOG


Wealth creation formula is as simple as they come yet it eludes people like sand sifting through the fingers. Everyone wants to become rich and wealthy yet few know what to do to get lasting wealth. Another erroneous way to think is to assume that working 9am to 5 pm every day will make you rich. What you are just doing is propagating the visions and goals of the company. There is nothing wrong with working for someone else but you need to understand that just savings won't make you rich. Sometimes life happens and you end up spending the money you saved up to resolve it.
 To become comfortable in today's economy you need multiple streams of income and that cannot happen while you spend 9 to 5 on a job.

Take a look at these richest people in the world from Forbes and you will see that they became billionaires through these three ways.

So here are 3 ways to become a millionaire

1. Find a problem, solve it:
Did you know that people will always pay you to solve their problems if you have the solution they need? Look at the wealthy people around and check their sources of income, you would see that they are solving one problem or the other. They didn't become rich by wishful thinking but looking for what people need and providing it for them. People sell bread for example because  some other people need bread to eat. The bread is the solution to the hunger. A lot of people have varied problems looking for someone who have the solution to it. When you can solve one person's problem and you can get referrals for more.

Click here to read: HOW TO MAKE MONEY FROM 5 HUMAN NEEDS

2. Find a need and meet it:
 There are three basic needs of man; shelter, clothing and food. These basic needs are what everyone have in common both the rich and the poor. Everyone must wear clothes, living in a house and must eat to live. different social class exist in the world - upper class, middle class, lower class as the case may be.
You can provide these basic needs for each level depending on the social class you want to focus on. Provide clothes or food or affordable housing and you will always stay in business all year round.

3. Offer value: People want value for their money no matter how cheap they are buying a product or a service. Check within you; what are you good at that can offer value to people? What do you think you can develop and it will offer value to people? You might think that you have no inherent skills to develop but there are skills you can learn and be passionate about.

CLICK HERE TO READ: CHARACTER TRAITS YOU MUST HAVE TO PRODUCE A SUCCESSFUL BUSINESS

After you have found a solution to a problem, found a way to meet a particular and you have discovered value you want to offer then it's time to;

1. Find your market and choose your market: you cannot sell to everybody, you need to narrow down your market to those who need your services the most.

2. Take advantage of trends: you cannot use a 20th century method of marketing in a 21st century world because time as evolved and people have evolved. Hence, you need toearn how to monetize trends. These days, people are more on social media than they are off it, you need to learn how to get the value you are offering in front of them on social media. You need to figure out how you can use the trends to offer value and make money.

3. Find simple ways to start and grow big: start up funds have always been the issues of those who have great value to offer. There are simpler ways to start and then grow. You don't have to start from the top to go up, you have to start from the ground up.

Technology is advancing in leaps and bounds and one who wants to make profits from value must learn how to take advantage of technology opportunities like the blockchain technology.

You have seen 3 ways to become a millionaire; it looks easy and simple enough but there are factors that can hinder you unless you know how to stay consistent and stay the course.

Share other relevant ways to become millionaire you know.

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