Become a millionaire before 30: “In a free-market economy, anyone can make as much money as they want,” emphasizes self-made millionaire Steve Siebold, who has also studied over 1,200 of the world’s wealthiest people. That applies to 20-somethings. To help you reach the seven-figure mark by 30, we rounded up 11 pieces of advice from people who became millionaires at a young age and people who have studied hundreds of self-made millionaires.
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1. Focus on earning
“In today’s economic environment you cannot save your way to millionaire status,” writes Grant Cardone, who went from broke and in debt at 21 to self-made millionaire by 30. “The first step is to focus on increasing your income in increments and repeating that.
“My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money, and it will force you to control revenue and see opportunities.”
Earning more money is often easier said than done, but most people have options.