With these tips you add some extra zeros to your bank account.
A penthouse in Monaco with a yacht in the harbor. With your private jet on a holiday in your own island with endless white beaches. It sounds like a dream, but dreams are for many millionaires no deceit.
But how do you actually become a millionaire? And, if you’re at it, how you get the Fortune 500? We asked it Donny Deutsch, deputy author of The Big Idea: How to Make Your Entrepreneurial Dreams Come True, From the Aha Moment to Your First Million
1.Start early. The earlier the better: let even younger children running your paper route. Start especially for yourself if you already attached to a mortgage, because especially the beginning is usually to struggle.
2.Do not attach too much importance on a study. Or do you think super-rich as Bill Gates, Mark Zuckerberg, Elon Musk and Richard Branson have a rounded education on their resume?
3.Do not dwell on a gap in the market. The most really good ideas have already been thought, so why not just better performing an existing idea?
4.A little bluff can not hurt.
6.Mass checkout. You better sell a million cheap trash with a margin of 1 penny than 900 expensive things by a margin of 100.
7.Be frugal. You will not get rich by spending a lot of money. So watch also on your overhead; “I wish you good personnel” is not without a lofty phrase among rival entrepreneurs.
8.Often take risks, but sometimes not. Wedding example, never in community of property.
9.Stop on time. In addition, from working until you literally drop dead (to the heirs after) never made anyone happy …
10. Funder careful. Be careful if you ull a lender on board because although banks and investors pretend to have your best interests, it is ultimately only their profit that counts.