7 Wealth Generation Methods for Young People

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Generational wealth is the ability to pass down financial assets to future generations. It's something that many people dream of, but it's not always easy to achieve. However, if you're in your 20s and you're serious about building generational wealth, there are a few things you can do to get started. Here are seven tips for building generational wealth in your 20s: Set financial goals. The first step to building generational wealth is to set financial goals. What do you want to achieve financially? Do you want to buy a house? Pay off your student loans? Retire early? Once you know what you want, you can start to create a plan to achieve it. Opens in a new window www.investor.gov Create a budget. A budget is a great way to track your income and expenses. It can help you see where your money is going and make adjustments to save more. There are many different budgeting methods, so find one that works for you and stick to it. Opens in a new window mint.intuit.com Live bel

The 7 Millionaire Mind Hacks Most of you didn't Know


So you want to become a millionaire entrepreneur. You’re not alone. Many dream of leaving their job and becoming their own boss, enjoying the various millionaire lifestyles we watch on TV. But there’s a difference between those who dream of becoming millionaires and those who do. And it begins and ends with mindset.

If you don’t develop that mindset, you will continue to spin your wheels, working just as hard, but never going anywhere. 

Do you think that you have what it takes to be a self-made millionaire?

Developing a millionaire mindset requires you to stretch your thinking. Start by Understanding Practicing and developing the following seven attributes.

1) Have vision. 



   If you aspire to be a millionaire at some point in your life, or you aspire to have a seven-figure business, you’ve got to get really clear on why you  want it. Throughout my 20s, making money was my “why.” A number of business successes and failures taught me that it’s not about the money, but about what the money can do for you. 
Dream big dreams;- only big dreams have the power to move men’s souls.    —MARCUS AURELIUS 
Napoleon Hill says your purpose should be as definitive as possible. 


2) Focus.


   Warren Buffett and Bill Gates say this is the number one thing. Focus on your craft and perfecting your skill is key.

 Warren and Bill focused intensely on computer programming and investing/accounting for years, which is what they say got them to where they are.

The more you focus, the faster you get good because you spend more time on it.


3) Routine. 



Humans are creatures of habit.

The chains of habit are too light to be felt until they are too heavy to be broken.

Warren Buffett said that forming great habits are one of the great keystones to success. He said they are easier to form when you are younger so it is better to start early.

The younger you form them the better. The older you get, the harder it is to form and break habits.

That’s what lead me down a path to learn how to forge good habits and improve bad habits. After all, Mr. Buffett is one of the most successful businessmen in history and are lives are based around habits. We are creatures of habit.

4) Develop Communication Skill -   Learn To Sell.



Whether you are an engineer, a receptionist, or a manager you should learn how to sell. I know selling sucks, but the skills you learn will come in handy. You sell yourself all the time, such as when you go to a job interview you are selling a company on why they should hire you. Here are a few things you need to know if you want to be a great sales person: 

  • Practice makes perfect 

  • Time is money 

  • Sales are always being made 

  • You have an opportunity of a lifetime

  • Be persistent 

5) Exercise, Eat Healthy and Meditate.


Being healthy doesn’t just happen; it requires commitment, discipline, and consistency.

One’s lifestyle choices, to a large extent, determines the healthy state of the human body.

To stay healthy and fit, pay attention to this.

  • Don’t smoke.

  • Be physically active every day.

  • Maintain a healthy weight and body shape.

  • Eat a healthy diet rich in whole grains, lean protein, vegetables, and fruits. Reduce or avoid unhealthy saturated fats and trans fats. Instead, use healthier monounsaturated and polyunsaturated fats.

  • Be sure to get enough vitamin D and calcium.

  • Challenge your mind.

  • Build a strong social network...


6)  Face  Fear.




There is nothing to fear but fear itself.    -FRANKLIN D. ROOSEVELT

Identify one major fear in your life, for example, failure, criticism, or disapproval—and resolve to act as if the fear did not exist. Imagine that you were guaranteed success if you would only take action in the direction of your goals and dreams. Then, just do it!

7) Never Give Up.



Never Allow Failure to Be an Option.
No matter how great the challenge is, breaking it down is a must. 
In order to truly stay motivated, no matter how great the challenge is, you’ve got to learn to break the Great Challenge down. 


Conclusion:-



"How" is the wrong question. If the WHY is big enough, the HOW takes care of itself.

Make a list of everything you would do or attempt if you were absolutely guaranteed of success. Then decide upon one specific action and do it immediately.

Just Do It!!!

Let's Go.


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