Tag Archives: Millionaire Next Door

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Think Like a Successful Millionaire

Invest in learning how to think and not just what to think. Consider new ideas and change your future prospects. That’s what millionaires do, they share an approach to the future that highlights possibilities and outcomes that others ignore.

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How many young people do you know that are at the stage of making a career choice? One very important factor in vocation is compensation.

“After studying millionaires for more than 20 years, I have concluded that if you make one major decision correctly, you can become economically productive. If you are creative enough to select the ideal vocation you can win, win big time. The really brilliant millionaires are those who selected a vocation that they love – one that has few competitors and generates high profits.”

 

90% of deca millionaires graduated from college, but view themselves as average academically; however, vocational choice made the biggest difference for most of them!

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Who Else Wants To Be A Millionaire?

As a luxury homebuilder, I observed something very odd. People buying million dollar homes often didn’t have much wealth – they just had large incomes.

They pulled into the sales office in a luxury automobile and coveted the appearance of wealth. But wealth is much different than income. Wealth is what you accumulate, not what you spend. (Remember my Italian mentor from my first job….. )

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Have you dreamed of owning a nicer home? We all love things of beauty. I made my living in the housing industry by identifying a profitable niche. I loved building big, great quality, beautiful homes and neighborhoods. They were my art. However, there is a balance in being able to afford things in the short term and being able to accumulate wealth in the long term.