How to Become the First Millionaire in the Family?
I love reading and watching stories from different people most especially those rags to riches type of stories. Seems to be so magical but inspiring. Not all people are given the luck of being born to a rich family and I am one of those who struggles daily.
At times, I daydream of becoming a Millionaire and smile like crazy while imagining what would I possibly buy if that happens?
Usually the first thing that comes into mind is really to pay off debt and then buy properties that I can call my own then give capital to those people who helped me before and so as to my family so they could put up their own business.
But then, again those are just a dream. At this age, it would be so hard to obtain it and let us be very realistic that it would be impossible to reach a million without sacrificing either your rime for your family or your health.
One day I saw this certain reels entitled, "How to Become the First Millionaire in the Family?".
It can be a clickbait based on the title but then it got me curious because why not?
So here are the FIVE NON-NEGOTIABLE RULES that we must try to follow if we want to build GENERATIONAL WEALTH which stated in the Reels:
INVEST ANY EXTRA CAPITAL INTO SKILLS and PERSONAL DEVELOPMENT
When I first heard this I get to realize that maybe this is one of the reason why a lot of people joins various seminars at anywhere and wouldn't mind spending thousands of dollars to learn some skills.
DON'T GO INTO A PROFESSION WHERE YOU ARE CAPPED IN YOUR INCOME
I personally didn't understand this one but based on my own perception it is like you are getting limited income and only gets higher if you do your best to be promoted. So far in corporate industry I do not see any particular position that does not follow this but then maybe one thing is that it is really better to do business other than depending your income to just one job.
DON'T TAKE FINANCIAL ADVICE FROM PEOPLE WHO MAKE LESS MONEY THAN YOU DO
Oh my this is correct! There are people especially elders who would try to enlighten us only to realize they are even struggling though this is not a campaign of you to be disrespectful but then before we follow other people's advise we better check if they do it too.
GETTING GOOD GRADES in SCHOOL and GETTING A GOOD JOB NEVER MADE ANYONE WEALTHY, THINK ON YOUR OWN and CARVE YOUR OWN PATH
I can totally agree! Most of the people who became millionaire are not College graduates. Most of them started with their skills then enhancing it then implementing it to a business so they could start to earn. There are a lot of things going on in this world that school is not or will not teach you.
TAKE RESPONSIBILITY FOR YOUR FUTURE
Yes, yes, yes! We must take ownership to our own goals and decision in life so as take possible consequences. It would never be easy most especially if you are someone who is said to be a good son or daughter because there are cases when our passion is not something that our parents would be proud of but again, TAKE RESPONSIBILITY.
...end thoughts...
I saved a lot of things and topics from FACEBOOK so that I could write here. I missed writing so much but I got so busy with a lot of things in my personal life plus the market is down and I didn't know where to start. A lot of people seems to be fun of going to hive but it is hard to understand how hive works.
Read.cash is very user friendly compared to any other platform. I wish that this platform continues to survive.
Di rin ako sure kung paano ako magiging milyonaryo. Maybe in the next 10 years or so? Nag-iipon pa me sa crypto and more often than not yung earnings ko ay pang balanse lang sa paycheck to paycheck kong kita.