Life Changing Mindset

Do you think you could become a Millionaire if you put your mind to it?

I think we are all budding Millionaires if we could just come up with a good idea.
Quiz I would never want to win a Million but I would love to make it through hard craft.

Public Comments

1. It's finding the right idea and also having the guts to take the big risks necessary to reap the big rewards. When you get tied down with responsibilities, it becomes harder to take that risk, even if you think you have the right idea.

2. i hope so lol

3. I already am and yes it was hard work that got me there not sitting around moaning and groaning about what poor ole me didn't have.

I suggest to you there are multiple millionaires that visit this site.

4. When I was 16 my Father asked me if I wanted to be a millionaire...I said yes of course.

Then he told me that if I was willing to devote every waking moment of my life to making money...no friends, no social life, no girls, no guitar playing, nothing but getting money and making more of it...he would guarantee I would be a millionaire by the time I was 21!

So while I wish I was rich sometimes....I know it was my choice not to be.

5. You can work with any idea, as long as someone is prepared to pay for the idea.

Yes we can all become millionaires if we put our minds to it, I know I am going to be one.

6. I was a millionaire by 35. It was hard work, over many, many years that did it.

Having "one great idea" wasn't enough - the world is full of "great ideas".

The two things that matter are:

1: "Ability to deliver", which involves hard work and effort, and sacrifice. (I never got a car until I was 34, I got buses, because all my spare cash was going back into my business.)

2: Luck. It happened that I got into my first business (landlording) at a time when the market was at an all-time low, and about to go into a 15-year boom. That generated enough cash to build up other income streams.

Most millionaires aren't willing to admit to the second. We're generally a vain bunch, and put it down to skill and effort. Trouble is, I know too many skillful, hard-working non-millionaires to believe that they are enough.

7. Hi D, if i put my mind into a brilliant idea, than anything could happen. it would have to be a good seller in the right market, Take care D.

8. If I want to be a millionaire I need to work a lot harder for a lot longer, stop supporting charities, put all of the time I have into the quest for cash and nothing else. I have to stop buying nice presents, not have a family as they are too expensive, no pets either. I need to not buy nice clothes and beautiful scented oils that make me feel relaxed and happy. No DVDs or CDs they are definitely an expense I could do without.

I think I could be a millionaire but wouldn't sacrifice the life I have, (which is far from perfect), for all the money on the planet.

9. Absolutely.

However one must learn to work smart, not hard. Hard work only makes our muscles sore and definitely dulls our mind. (Never in my life met a millionaire with dull mind.)

Using leverage is a necessity. Ideas alone will not make you rich, it's the action even with no so great idea that will do the trick.

10. My net worth is over a million dollars...but I still owe a great deal of money and have to service the loans. In other words it's not that easy to be a millionaire...It comes with a price/cost. Working hard and making a few good investments in Real Estate and the Stock Market have made me comfortable. Having a tenant pay the mortgage on one of my 3 properties helps too. My wife's business pays for the other and we live in the last one. Sure things could be better and I could have 0 debit...but the way to millions is to be leveraged...utilize OPM (Other Peoples Money) wisely and you too can be a millionaire. PEACE & GOOD LUCK!

11. No not ruthless enough

12. An average person can if they want to. People have said that you will need to give up your life, or sell your sole to achieve this. Investing over a life time will get you there.

Consider this, if you started investing at age 30 you would have to to save $200 a month, increase it by 3% a year (so, $206/mo in year two, $212/mo in year three and so on), and achieve a 10% rate of return on average over the next 35 years your account value would be $1,003,266 at age 65. If you start earlier, or save past age 65 you would have even more. $200 sounds like a lot to some people but it is about 6% of someone with an income of $40,000, or a couple who make $20,000 each.

In the USA we are terrible savers, and prolific spenders. The meidan house hold income in the USA in 2004 was ruffly $44,000, so if the average household saved 6% of what they make and invest it over a lifetime they can be a millionaire. My consulsion, we need to save more spend less, and if you are an average person and start saving at age 30 you can be a millionaire it just takes a lot of time.

13. There are plenty of millionaires who never had a "million dollar idea" they worked hard & smart, they buy new cars to drive as many miles as they'll last [I know of a 250k Subaru], they pay mortgages not rent, they NEVER carry a credit card balance, they never forget that when you earn a dollar your lucky to get 80 cents, but when you save a dollar you get the whole dollar, so it makes sense to work harder to save money than you do to earn it. There are folks who worked their way up from burger flipper, through the management program, to franchise owner, to millionaire. Note, none of them increased their spending every time they increased their earnings.

14. Yes. You don't necessarily need a good idea. You can invest in other peoples' good ideas.

15. No. It involves far more than just putting your mind to it and having a good idea.

At a minimum it requires a bit of good luck, timing, and a lot of hard work.

Look at it this way: if it was easy, wouldn't everyone be rich? Of course, they would.

It isn't easy AND it requires a mixture of things that are largely out of your hands (esp, luck and timing). The best you can do is be prepared for it so you can leverage it for all its worth if it happens.

16. Yes absolutely but I'd probably give it away because I'm a philanthropist by nature.