Back in 2011 I set myself the target of becoming a millionaire in ten years. Since then, I have obtained a degree and a new career; within which, I have doubled my salary within one year and became a manager within two. I am now three years in and have built a team of six people.
I have come to the realisation that I will not become a millionaire from my salary alone, well at least not within the next 4 years. I have also noticed that, because I had given myself so much time to achieve my goal of becoming a millionaire, that I have procrastinated a lot. Not so much in my career, but in developing more income streams; definitely. With this in mind, accompanied by the fact that I work well under pressure, I have decided that I needn’t wait another 3 years before taking action. I decided on December 26th, 2017 that I would become a millionaire within one year, actually in a little less. My target date is December 24th, 2018.
I am both excited and terrified, but I believe that this a good thing. If it did not terrify me then the goal would not be big enough. Right now, I start with nothing, ‘nul pwa’. By the end of the year, I hope to have gained much. Even if I do not achieve the goal, I would have learned so much, that it will make it possible for me to achieve my original goal of reaching one million pounds by December 31st 2021. But that doesn’t mean that I am not going to go after my goal with everything I’ve got and let’s face it, I have nothing to lose here and a lot to gain. In addition to the goal, I have decided not to hesitate in taking action; as I have done in the past.
I have come to the realisation that I am not a millionaire for one reason and one reason only, and that is that I do not know how to earn 1 million pounds. Now that I have identified this, I can do something about it. So, my first step is to learn how the wealthy think and to analyse the people that have started with nothing and became millionaires. For this I have created an initial reading list which includes titles such as, ‘The Richest Man in Babylon’, ‘Think and Grow Rich’, ‘Rich Dad, Poor Dad’, among others. I will begin with ‘The Richest Man in Babylon’ and provide feedback on what I have learned from these books along the way.
Sadly, reading alone isn’t going to make me a millionaire, so I’m going to have to come up with some innovative ideas that can generate multiple income streams. I will not be giving up my full time job, but I will use £250 from my salary and all earnings generated from it in order to generate more income. I will wake at 4am daily and work towards my goal before I go to work, I will also gain as much knowledge as possible in the evenings after work. I will use this blog to provide a daily update on my progress.
Before I go, I’d just quickly like to point out that this isn’t a New Year’s resolution or some fad that I am going through. I am 100% committed to the cause and to making this a reality! Who knows, my journey may even alter your life, the way you think and what you believe is possible for you and your family. So, if you’ll excuse me, I’ve got work to do…