Thread by @Trading0secrets

How to become millionaire at 30
thread 🧵

Money is not needed for happiness but for freedom & freedom is fundamental part of happiness.
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1⃣Acquire one great skill - first and foremost thing to create great wealth to become master in one thing.

Invest your time & energy to acquire
knowledge/experience & become expert .

Money is bi -prodoct of being great in particular thing.

2⃣Skill type - That skill must be very unique/ demandable & face very less competition so it must be very tough.

The more problems your skill can solve the better it is .

3️⃣ Invest - after acquiring great skill money will flow slowly slowly, then invest every spare of your money in great businesses either it is your other one .

You will not become millionaire by saving your money .

You have to invest it .।।

4⃣ associate your pleasure with assets-

When you own assets you will have to feel happy 😊 & avoid liabilities until you have enough cash.

Wealth is not what you wear, drive, or own.
Wealth is what you keep.

5⃣3 income sources - you must be more 3 income sources .

And that three sources do not inter depended each other.

So your starting money must be used to create different income sources ( assets)

6⃣ Side hustles - If you are doing job then create different skill in side wise.

You will not get rich by 9 to 5 but if work passionly 5 - 9 for side hustles then your chances of millionaire are much more .

7⃣patience - you must have patience in your starting years because compounding takes it time.

The secret of wealth creation is " Patience "

In starting year you will feel like nothing happening

8⃣ compounding magic-If I will give you two choices either you can take 50 lac instant or I will give daily 2x for 30 days starting with 1 ruppe

Like 1+2 +4+8 for 30 days

What do you choose most of answer is first 1st
But in scond you will get 107 Cr after 30 days
This is magic

9⃣ Take big calculated risk- In early age you have to take big risk of your money

But after 30 you couldn't

So start early

I took risk in equity ( after corona fall)
Took loan of worth 6 lac (KCC)

Remember I had 3 backups if I failed or lost 6lac
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