7 Personal Money Tips to Become a Millionaire

Introduction

• Motivational videos/seminars alone don't make millionaires.
• Practical 7 money tips after 7 years of business experience and making tens of millions.
• Avoids common scarcity-based advice.

Tip 1: Stop Drinking

• Quit drinking to save money and improve mental clarity.
• Expensive habit: e.g., $100+ on a night out means you need to earn significantly more due to taxes.
• Example of a tattoo and how it helped refuse drinks.
• Not necessary to quit forever but vital when starting out.

Tip 2: Learn a High-Income Skill

• Easier to increase earning potential rather than save tiny amounts.
• Not limited to entrepreneurship; high-income skills are valuable in jobs too.
• Examples of high-income skills: sales, copywriting, content creation, advanced analytics.
• Learn more on recommended business models via a linked video.

Tip 3: Regular Investment Saving

• Consistent saving for investments is crucial.
• Starting small is okay; the habit matters (e.g., started with $5 per week at age 16).
• Personal example of saving $100,000 a week now.
• Compare to training for a marathon—build capacity gradually.

Tip 4: Coffee in Affluent Places

• Go to expensive places to observe and learn from wealthy people.
• Increases inspiration, understanding of mannerisms, and dress codes of the wealthy.
• Encourages learning polite communication and conviction in interactions.

Tip 5: Pay Off Credit Card Debt Quickly

• Credit card debt is a financial trap due to high interest.
• Pay off debt ASAP before other investments or expenses.
• Learn to use credit cards responsibly for rewards.

Tip 6: Invest in Self-Education

• Books, seminars, online programs are worthwhile investments.
• Self-education increases earning potential in the long run.
• Consider the investment as a reflection of belief in oneself.

Tip 7: Increase Investment Percentage Over Time

• Start small when income is low; increase investment as income grows.
• Aim to live off investment dividends in the long run.
• Strive for financial independence to cover living expenses via investments.

Conclusion

• Implement these tips as a process towards becoming a millionaire.
• Understand there are no shortcuts but methods to accelerate wealth-building.
• Commit to improving velocity of income generation and investment.
• Encouragement to take the first step and consistency in the journey.