Hello friends, in today’s article, we see how to become a millionaire before age of 30. In this, we see the simple process. so let’s start the process of becoming a Millionaire.
Process of Becoming a Millionaire Before 30:
so let’s understand step by step
Understand how the business world works.
In today the world is of the 21st-century world, in this, anyone become the millionaire before age of 30. or some people become the millionaire in at age of 18 or before age of 20.
so If you want to become a millionaire before age of 30, then you have to do your own business.
or become the partner of business, so for this Warren Buffett give the very simple rule, everyone listens to that quote but no one establishes, and those are established that rule, they become the millionaire or also billionaire.
so those quote warren Buffett told if you follow this quote, then you forgot the number of money, that you earning every month or year, that quote is
” If you want to be rich or millionaire, then close your door, and Be fearful when others are greedy and be greedy when others are fearful.”
so let’s understand the meaning of this quote
its simple meaning is that, Buy when everyone is selling and sell when everyone is buying.
so everyone no the rule of demand and supply
When demand increases then the price of a thing ( for example share) increases, and when supply increase then the price of share decreases.
so in the world, business is all about the supply and demand of products.
so in that what can we do to become the millionaire before 30?
What can we do to become a millionaire:
In the first point, you know how the business world works, in that you learn the all money depends on supply and demand.
If we follow the rule of the quote, then understand with an example,
If Apple price is 100 rupees per kilogram, then suddenly news spread
if anyone eats the apple, they die within the 10 days, so then all people or crowd, next day, they don’t buy the apply, instead of that they can buy any other fruits like banana, etc.
In this scenario, we have to understand the real reason behind that news and in this time everyone is trying to sell the apple, and you get that apple 10 rupees per kg, because, people think, the apple is the very dangerous fruits, they don’t buy the apple, and you get the apple at under intrinsic value of that apple.
In this scenario, you just do the only one thing is that you make the money about 90% while, just buying when others are selling, so we know that the news come and go in the market,
In the next case, what happened when news come, let’s see
If you eat the only apple then you live a health-free life, or you can say good buy to the doctor, while eating Apple a day keep the doctor away, as this quote.
so After listing this news all people of the crowd, then try to buy the apple as much as they can, so in this action, those are selling the apple, you also selling apple, because, in the last news, you buy the apples, and now the time, come, the price of all increase up to 1000 rupees, because, demand increases, and all crowd of people the apples, so
In that scenario, you make the 100X times money from that a kg of apple, that you buy the only of the 10 rupees and sell for 1000 rupees.
so now you understand the power of that quote, so suppose take some scenario of buying you apple, when first news come,
1st Scenario: If you buy the 10,000 rupees apple and you get the 1000 kg apple, and you sell them 1000 rupees, let’s take simple equition= 1000kg * 1000 rupees = 10,00,000 rupees.
2nd Scenario: If you buy the 1,00,000 rupes apple and you get the 10,000 kg apple and you sell them 1000 rupee per kg, and then you make, the = 1,00,00,000 rupees means, you make 1 crore ruppes.
so you can take whatever you think, as your mind limitation, and imagine them with this quote and you become a millionaire as well as multi-millionaire also.
so, the most important thing is that the money is not in the bank or not in the reserve bank or not in any business, the real, money stays within the people, you just to make the process to take from them while giving them any service or take the benefit of their stupidity.
so In this instead of apple, you can buy any other thing like bonds, shares, real estate, or any other business.
just you have to follow this quote.
so this looks simple, but not an easy thing, you have to develop the emotional disciple and stand against the crowd when you thought and facts are right.
so this is a simple process, just you have to develop the Entrepreneur mindset.
so many of people things, how we know the when just see surround people and then you know the what to buy.
Different Types of Way to Become Millionaire Before 30:
so there are so many ways to become a millionaire before 30, in between that some of them are as follows:
so we know today’s most powerful thing is the internet, with the help of the internet, you can sell your product worldwide, and also get the payment instantly.
So On the internet, we should have to see the demand of things, like teaching, web designing knowledge of any other thing, that brings the help to lots of people while solving their problems.
In this area, you can do marketing, affiliate marketing, repositioning, etc.
lots of people, think, share market is gambling, and most people, don’t invest in the share market.
But the Share market can also help you to become a millionaire before 30.
and this proved by the Share Market greatest Investor Warren Buffett.
But share market is very volatile in short term. but for this first, you need the Money or you can help other people to manage their finance, you can become a millionaire, because, managing money is the best way to make money.
3) Real Estate:
this is also the most wonderful way to become a millionaire and earn passive income, while you sleeping.
but this thing also takes the money, but in this, you have to learn first, of above two methods, first of all, you have to learn and become the expert in that field.
In Real estate, you have to learn, about Tax, and Debt, and also financial knowledge, like accounting, rules of real estate, etc.
In this, you have to reach people, and you can become a millionaire, so for this, you have to found out your passion and in that passion what the problem people facing.
New York time besting selling book Secrets of the Millionaire Mind author says( T. Harv Eker) the easiest way to become rich is teaching, and you also enjoy while helping others.
so you just have to see the demand or you can also see or supply what the people demanding.
so this is a simple way to become a millionaire before age of 30.
so this is all about becoming a millionaire before 30.
lastly, If you want to learn, about investing and becoming rich with the help of the stock market, then you should have to read the summary of the following book