What do most Millionaires have in common? Would it surprise you to hear that most of them are completely debt free house and everything? (According to the Millionaire Mind)
I was telling a friend that the other day and she said, "Of course! Why would you have debt if you had that much money?"
If you are thinking that same thing then you're a little bit off. You see, according to the Millionaire Next Door, 80% of Millionaires are first generation rich!
What does that mean for you? Well if you want to become well off, do what Millionaires do and avoid the things they avoid.
What I'm talking about, is of course DEBT!
Millionaires don't do debt! But I'd imagine it's more than that. Successful people know how to put off pleasure! They wait to buy things until they can afford them. They work before they play. Extremely successful people make their play into their work.
Sooooooooo
*Find something you enjoy doing and then find a way to make it profitable.
*Be patient.
*Sacrifice so that you can have more later.
Remember the marshmallow story? I'm not sure on the exact study of it, but if I recall correctly they put young kids in a room with a marshmallow on a plate. They would put the kids in the room one at a time and tell them if they can wait a certain amount of time and not eat the marshmallow then later they could have 2 more marshmallows. The kids that waited got more marshmallows! The ones that didn't wait only got one.
Sometimes we have to wait to have the nice things in life. Just remember that it will pay off in the end!
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