how to become a millionaire from nothing.

There’s no shortage of articles written by people writing about how to become a millionaire, retire rich by 30, how to become rich, and then spend your days sipping margaritas on the beach.

The problem with most of those articles isn’t that they’re poorly written, the problem is that they’re mostly written by people who aren’t millionaires themselves.

Well, this article is different.

I started my business straight out of college at the age of 22. I hit millionaire status by 30 and sold my business for 8-figures by the time I was 49. I’m now 51, semi-retired, and spend my days helping other entrepreneurs grow their business, and managing my real estate portfolio.

https://www.fiverr.com/share/Xokq32

I bought my first apartment building during the depths of the economic recession in 2008. I bought my second in 2009, third in 2010, and fourth in 2011. I now own a total of almost 50-apartments, and I expect to be mortgage clear by 2021.

So, now that I’ve established some credibility, I’m going to share with you the secrets of millionaire investors, how the millionaire mind thinks, and then ultimately, for how to become a millionaire from nothing.

This article will take you through three distinct steps:

  1. The secret of millionaire investors — it starts with understanding money
  2. How you’re going to get started — it starts with entrepreneurship
  3. Understanding Investing and ultimately, how to be a self-made millionaire

The Secrets of Millionaire Investors And Secrets of Self Made Millionaires

Step One Starts With Understanding Money

I want to clear something up before I dive into how to become a millionaire from nothing, and it pertains specifically to millionaire investors.

Millionaires understand money.

You’re here because you’re looking for the secret code for how to become a millionaire from nothing.

There’s no shortage of articles written by people writing about how to become a millionaire, retire rich by 30, how to become rich, and then spend your days sipping margaritas on the beach.

The problem with most of those articles isn’t that they’re poorly written, the problem is that they’re mostly written by people who aren’t millionaires themselves.

i bought my first apartment building during the depths of the economic recession in 2008. I bought my second in 2009, third in 2010, and fourth in 2011. I now own a total of almost 50-apartments, and I expect to be mortgage clear by 2021.

So, now that I’ve established some credibility, I’m going to share with you the secrets of millionaire investors, how the millionaire mind thinks, and then ultimately, for how to become a millionaire from nothing.

This article will take you through three distinct steps:

  1. The secret of millionaire investors — it starts with understanding money
  2. How you’re going to get started — it starts with entrepreneurship
  3. Understanding Investing and ultimately, how to be a self-made millionaire

The Secrets of Millionaire Investors And Secrets of Self Made Millionaires

Step One Starts With Understanding Money

I want to clear something up before I dive into how to become a millionaire from nothing, and it pertains specifically to millionaire investors.

Millionaires understand money.

Let me explain.

I don’t work with an investment advisor, and I need to explain this because it’s an important part of who I am and how you, also, will achieve your riches.

I now manage my assets, and portfolio myself.

For those who have been reading my posts long enough, and especially those who have read my book, The Kickass Entrepreneur’s Guide to Investing, (you can get a free copy by following that link) you will know that I’m not a big fan of an entrepreneur working with an investment advisor.

Why don’t I work with an investment advisor?

My bias against investment advisors is based on my negative experience of having spoken and worked with quite a few advisors over the years. I fired my financial advisor last year and chose to manage my portfolio myself.

I fired my advisor because I just didn’t feel she was asking the right questions (it was a fairly short-lived relationship anyway).

In the last 40 years of investing, I’ve worked with maybe four advisors, one of whom I am still working with, so it’s not like I have a long list of advisors that I’ve thrown to the curb, BUT over the last twenty or so years, I’ve had dozens and dozens of conversations with different advisors who have cold-called me to discuss their philosophy and to pursue me as a potential client.

The conversation invariably starts with me asking how their investment philosophy is any different from all of the other advisors out there.

For the most part, all of the advisors have a similar philosophy. They each have their unique blend of stocks and bonds that they recommend, but rarely, if ever, do they really understand wealth creation.

The holy grail of building wealth is understanding money. Yes, that’s one of the secrets of self-made millionaires.

It’s about building your own ultimate asset allocation. It’s about creating a strategy of uncorrelated assets that have been optimized for tax, across multiple currencies, that can produce a steady stream of annuity income, with enough cash set aside for the wealth creator so they can take advantage of opportunities as they arise.

When I mention this to an advisor, they look at me like I’m from another planet.

I’m explaining this because this will, as you will see later in this article, forms an important part of how to become a millionaire from nothing.

Advisors make money on assets they invest in.

It isn’t in an advisor’s interest to look at your portfolio holistically, including any existing real estate — or your business for that matter — and suggest that maybe you should hold extra cash because you have too much invested in equities already. And yes, your business, the one you’re going to open, should be included as part of your overall mix.

I also suggest that if you live below your means (think of the book The Millionaire Next Door), maximize your business’s growth and profits, reinvest those profits back into your business and your own investment real estate portfolio, it is very possible to grow your wealth into the millions, and even tens of millions, of dollars.

How to Become Rich Without Money in 6 Steps

By the way, all of the 6 steps on how to become rich without money are discussed below and addressed further in this article

  1. Start a small business (and yes, it’s possible to do without money)
  2. Build your business’s revenue into north of $2 million in revenue a year — you’re now on the path to becoming rich, but, not quite there yet
  3. Maximize your profit margins and profits
  4. Invest your profits and money strategically in real estate, and build your own ultimate asset allocation portfolio — I share some of my secrets here, and wealth-building secrets here
  5. Save as much as you can as early and young as you can
  6. Invest strategically and build multiple streams of passive income

Then, if you have loftier ambitions that reach into the multiple millions, or tens of millions (to become a decamillionaire), then you have two levers that you can adjust.

  1. Invest more
  2. Produce a better return

Let me explain.

I don’t work with an investment advisor, and I need to explain this because it’s an important part of who I am and how you, also, will achieve your riches.

I now manage my assets, and portfolio myself.

For those who have been reading my posts long enough, and especially those who have read my book, The Kickass Entrepreneur’s Guide to Investing, (you can get a free copy by following that link) you will know that I’m not a big fan of an entrepreneur working with an investment advisor.

Why don’t I work with an investment advisor?

My bias against investment advisors is based on my negative experience of having spoken and worked with quite a few advisors over the years. I fired my financial advisor last year and chose to manage my portfolio myself.

I fired my advisor because I just didn’t feel she was asking the right questions (it was a fairly short-lived relationship anyway).

In the last 40 years of investing, I’ve worked with maybe four advisors, one of whom I am still working with, so it’s not like I have a long list of advisors that I’ve thrown to the curb, BUT over the last twenty or so years, I’ve had dozens and dozens of conversations with different advisors who have cold-called me to discuss their philosophy and to pursue me as a potential client.

The conversation invariably starts with me asking how their investment philosophy is any different from all of the other advisors out there.

For the most part, all of the advisors have a similar philosophy. They each have their unique blend of stocks and bonds that they recommend, but rarely, if ever, do they really understand wealth creation.

The holy grail of building wealth is understanding money. Yes, that’s one of the secrets of self-made millionaires.

It’s about building your own ultimate asset allocation. It’s about creating a strategy of uncorrelated assets that have been optimized for tax, across multiple currencies, that can produce a steady stream of annuity income, with enough cash set aside for the wealth creator so they can take advantage of opportunities as they arise.

When I mention this to an advisor, they look at me like I’m from another planet.

I’m explaining this because this will, as you will see later in this article, forms an important part of how to become a millionaire from nothing.

Advisors make money on assets they invest in.

It isn’t in an advisor’s interest to look at your portfolio holistically, including any existing real estate — or your business for that matter — and suggest that maybe you should hold extra cash because you have too much invested in equities already. And yes, your business, the one you’re going to open, should be included as part of your overall mix.

I also suggest that if you live below your means (think of the book The Millionaire Next Door), maximize your business’s growth and profits, reinvest those profits back into your business and your own investment real estate portfolio, it is very possible to grow your wealth into the millions, and even tens of millions, of dollars.

How to Become Rich Without Money in 6 Steps

By the way, all of the 6 steps on how to become rich without money are discussed below and addressed further in this article

Start a small business (and yes, it’s possible to do without money)

  1. Build your business’s revenue into north of $2 million in revenue a year — you’re now on the path to becoming rich, but, not quite there yet
  2. Maximize your profit margins and profits
  3. Invest your profits and money strategically in real estate, and build your own ultimate asset allocation portfolio — I share some of my secrets here, and wealth-building secrets here
  4. Save as much as you can as early and young as you can
  5. Invest strategically and build multiple streams of passive income

Then, if you have loftier ambitions that reach into the multiple millions, or tens of millions (to become a decamillionaire), then you have two levers that you can adjust.

  1. Invest more
  2. Produce a better return

We founded PHANZY FACES with one simple goal to help you experiment with your passion while at the same time provide amazing prices