Have you ever heard of the Turtle Traders? Maybe not. If not, then read this article to know the amazing story of how novices known as Turtle Traders became millionaires in a matter of a few years trading commodity futures. The story starts in 1983!

Richard Dennis one of the great commodity trader who had started with $300 as a small time trader eventually ended up making $150M. He always believed that trading was something that anyone could learn and become a great trader. One day, he had an argument with his trading partner and his close friend Bill Eckhart. Bill argued that great traders are only born. You can’t do anything about it.

So to settle the matter once for all. Both decided to start a project. An advertisement was made in the New York Times, Barrons and the famous Wall Street Journal to apply for trading apprenticeship with them. Thousands applied. Out of them only 13 people were selected for the project. These 13 people had never traded before and had no experience of any market.

These 13 people were given a set of rules. These people became famous as the Turtle Traders and these set of rules became famous as the Turtle Trading Rules. The turtles were told to stick with these rules under all market conditions. Turtle would trade futures contracts on gold, silver, soybean, crude oil, currencies, stock indexes and so on always choosing the most liquid contracts. They did not have to think or do anything else except applying those rules in a rigorous manner.

In a few years times, almost all the turtle traders were millionaires themselves. A few failed. The reason was simple! They ignored the rules. Over the years, this project became famous as the Turtle Trading Experiment. What this experiment demonstrated is that anyone can become a great trader if he or she has a good tested rule based trading system. It also demonstrated the importance of trading discipline and trading psychology in trading!

Is there a formula for wealth creation? Do all self-made millionaires take the same steps to amass their fortunes? If we were to do an in-depth study of how self-made millionaires think and act, would we find some common clues that we can learn from? The answer is yes.

These are seven essential steps, each one representing a wealth creating skill that all self-made millionaires possess and practice.

Step 1: Adopt the Million-Dollar Mindset

Millionaires see learning experiences, where Mister Ordinary sees failure. The moment you adopt the beliefs and habits of a millionaire, your perception of the world will change completely and you will realize that there are money-making opportunities everywhere and everyday around you.

Amazingly, these are opportunities that you were once quite blind to!

Step 2: Set Clear Financial Goals

Wealth never happens by chance. It always begins with a clear goal in mind. At one point of time in their life, millionaires always make a decision to become rich. However, whenever I ask most people what their financial goals are, I often get a blank stare. This is a major reason why they will never achieve any level of wealth because they have no clue what it is. Unless you have a specific figure to focus on, you will never be able to develop a strategy to achieve it.

Step 3: Create A Financial Plan

Once you have set specific financial targets of how much you want to earn and how much money you want to accumulate, you can then develop an effective plan to achieve it. Goals by themselves are nothing but pipe dreams. Only when you create a plan, have you made your goal a possibility. The moment you start taking action on your plan, your dream becomes a reality.

Step 4: Massively Increase Your Income

After developing their financial plan, most people tend to become initially disheartened. They look at their plan and realize that with the amount they are earning and saving right now, it will be decades before they see any big money.

It is therefore important that you learn how to accelerate and turbo-charge your financial plan by taking steps to massively increasing your income.

Step 5: Manage Your Money & Reduce Expenses

Many people think that by increasing their income, their wealth will automatically increase. Unfortunately, increasing income is only one side of the wealth equation. After all, there are people who earn $2,000 a month who are broke and there are those who earn $20,000 who are still broke. The reason is because when we don’t manage the money we earn, our expenses will always rise to our level of income, wiping out any surplus we have!

Step 6: Grow Your Money at Millionaire Returns

By increasing your income and reducing your expenses, you will find that you will be able to accumulate a surplus of funds that you can use to help you build your fortune. You need to do this because, no matter how hard you work and save, you will never be able to create phenomenal wealth unless you learn how to put your money to work for you. Through the power of compounding, you will be able to take small sums of money and build it into huge returns over time.

Step 7: Protect Your Fortune

There is no use working hard to build your personal fortune only to see it all taken away from you. There are many people who have taken decades to build their fortune only to see it wiped out by an accident, unforeseen illness or through an unexpected lawsuit. Self-made millionaires engage professionals like insurance advisors, lawyers and accountants to help them build a financial fortress so their wealth is protected from potential creditors, plaintiffs looking to sue and the government who may take away a big chunk of your wealth through a whole range of taxes that you may not have even heard about.

So there you have it, an overview of the seven steps that you must take towards financial abundance.

Besides hoping for a winning lotto ticket, the quickest millionaires are made in days. No, they don’t marry into money and they don’t rob banks. Record millionaires do deals. Very large deals. The quickest way to make a million dollars in days, is to buy and sell something. Or broker a deal where you are paid as the intermediary.

Think big. Items such as 15 million dollar luxury Yachts and water front mansions and all manner of high net value items are bought and sold every day. I am not talking about becoming a real estate agent or a car dealer, although you may need qualifications to trade in certain items and your ethical standards must be very high at these heady price levels.

The point is high ticket items pay very well because they require assistance to conclude. Maybe you want to buy and sell a 20 million dollar jet. Most deal makers for example, especially when they are starting out don’t have 20 dollars in their account much less the 20 million required to buy and sell a jet plane.

But they know that they dont need 20 million dollars, they only need temporary legal control of the asset until the deal is done. This can be achieved any number of ways. Think about the humble exclusive agreement you sign with your real estate agent if you are selling your home. Essentially that contract hands over control of your property to the agency. You may not sell it on your own and no one else may sell it other than they. This is a simple business tool. If you did sell the property from under them before the expiration date, you would still legally owe the agency their agreed commission and they could legally enforce this even though they were not responsible for the sale.

This is one way to control a high value asset without needing to buy it yourself. If you think about the margins, on 20 million, all you need is a small 5% to become a millionaire over night. If you can swing deals like this, it becomes very lucrative.

The movie Slumdog Millionaire is good, the cast has done a great job, and the director has been able to bring out the contrast in modern India. But there have been many Indian movies which have very cogently brought out stark realities of the modern capitalist society. These movies created a genre in the eighties and early nineties and were so appropriately termed “Art Movies”. These movies portrayed India’s grim realities; they portrayed the rich-poor divide; they portrayed the existence of man in horrid squalor but these movies never reached the pinnacle of box office.

Yes they won some awards but remained on the fringes of making it even or being somewhat profitable venture on the box-office. But why Slumdog Millionaire has turned out to be such a huge box office success? The reasons could be many. One obvious reason is the rags-to-riches story. And here the protagonist, a slum dweller strikes it rich in a contest of wits and brains. But there have been scores of movies on the battered rags-to-riches theme and none as successful as the Slumdog Millionaire. So the reason of its success lies elsewhere.

The year 2009 is the year battered by the worst financial crisis in the history of mankind. The worst crisis because of the gargantuan sums of money involved; the worst crisis because of many financial giants just melting away and the worst crisis because it has jeopardized lives of millions. Don’t you think the world presents a reverse story from that of the Slumdog Millionaire? What would you call this… “Millionaire Turned Slumdog” or “MansionPooch Pauper”? And what an irony here too, the real Millionaires have been turned pauper by the subprime crisis or the Slumdogs of US who dreamed of becoming home owners. Or to say the Slumdogs who wanted to become Millionaires.

So who is watching the film, the Slumdogs who want to become millionaires or those millionaires who are facing the slumdog future because of the pink slips? Or all of us who have suddenly found so much of spare time because of no or less work pressures. The world today presents a bleak economic picture, everyone is looking for a miracle; be it Obama or Manmohan Singh.

The movie Slumdog Millionaire presents a miracle in the times of financial distress. Let the world learn from it, the Slumdog is the buzzword today. Let there be a slumdog revolution of sorts. Slumdogtravels, slumdogtours, slumdog greetings, slumdog cards…. This is not a gimmick; this is the reality of 2009. The big spenders are passé; thrift is the order of the day. Welcome to the Slumdog World of today.

By: Scot Anderson (2009)

ISBN 978-0-7684-2745-5

Book Price: $24.24

150 Millionaires

As a cutting-edge entrepreneur, best-selling author, and dynamic speaker, Scot T. Anderson has cultivated an extensive following among the most highly-respected and influential business leaders worldwide (endorsed by Robert Kiyosaki, Larry Winget, & Les Brown). As a pastor, he has developed 150 millionaires in his church.

So many more rich ideas

Scot Anderson has provided fifteen chapters to express the will of God for us to be rich. He covers, the purpose of money (Ch. 3), what you expect you always get! (Ch. 6), Jesus wasn’t poor (Ch. 10), one change will produce wealth (Ch. 12), the power of belief (Ch. 14), habits control your world (Ch. 15), and so many more rich ideas!

Thinking and living the rich life

Scot Anderson comes highly recommended; Les Brown says of Scot, “Just ask more than 150 members of Scot’s congregation how they happened to become millionaires after Scot introduced them to new ideas and wealth-creation strategies.” Scot’s style is informative and expressive as he endeavors to introduce many to wealthy living.

Anderson focuses on freedom presented in biblical truth to persuade readers. He explains, “… the Bible isn’t about the don’ts, but about the dos, not what we can’t do and have, but about what we can do and what we can have.”

Using simple illustrations, Scot diffuses false ideas about wealth. He shares, “Money is not evil! A hundred dollar bill has no power. I have one in my wallet right now, and if left alone, it would never do anything-good or evil… Do your own test: take some money and leave it alone in a drawer for a month. Then write down all the evil it did.”

Scot is stern in addressing pertinent issues. He pointedly advises, “As long as you think it is wrong to have money, you won’t. Until you can break that one thought, you will never be able to step into the abundance that God wants… “

Mr. Anderson uses points from Jesus’ life to impress his message on reader’s hearts. He shares, “1. Jesus was born in the royal line of David… 5. The Magi brought expensive gifts… gold, frankincense, and myrrh… 8. The disciples were successful businessmen… If Jesus was really poor, successful men would never have followed Him… “

God wants us all to be rich!

Scot Anderson has successfully revealed the desire of God for all humanity; God wants us all to be rich!

Can options trading turn you into a millionaire?

This is one of those questions I hear from people new to options trading all the time and not an easy question to answer in my opinion. Sure, options trading can create millionaires and many, including myself, have made more an a million trading options. However, can options trading turn YOU into a millionaire?

In a way, asking this question is as good as asking questions like:

Can trading stocks turn you into a millionaire?

Can trading futures turn you into a millionaire?

Can trading Forex turn you into a millionaire?

Can selling burgers turn you into a millionaire?

Can collecting coins turn you into a millionaire?

The answer to all of these questions is a resounding, YES.

The problem is, can you become a millionaire doing these things that have made OTHER people millionaires?

First of all, let's ascertain the theoretic potential of making a million through options trading. Let's assume you have $ 5000 to start trading options with and you make an average of 50% per trade and compound your earnings. Here's your account status after a number of trades:

After first trade – $ 7500

Second – $ 11,250

Third – $ 16,875

Forth – $ 25,312.5

Fifth – $ 37,968.75

Eighth – $ 128,144.5

Fourteenth – $ 1,459,646

As you can see, it takes only 14 trades at 50% profit per trade, which is not a lot in options trading, to grow $ 5000 into a million. If you do only one of those trades per month, it takes you only slightly more than a year to become a millionaire. As such, becoming a millionaire from options trading is clearly not outside the realm of possibility and clearly very fast if you do it right.

That leads us to the next question, are you able to produce a string of 14 straight wins at 50% per win? There is clearly no easy answer to this as well. I have heard of extremely lucky people who has done that before but that clearly is not something that applies to everyone.

Yes, in my 15 years of options trading, I must say that I have never seen anyone make a string of 14 wins within one year or two without losing any matter what options strategy they use. The good news is, you do not need to make 50% on every win nor do you need a string of 14 wins to make a million in options trading as long as you follow a sensible trading methodology and have lots of patience.

Making a million in options trading is not about not losing. It's really about making more wins than losses. As long as you have a means of consistently making more wins than losses, you can make a million in anything as long as you have the patience to stick to the game. Yes, this is the same logic in any form of trading.

If it is the same in any form of trading, why then trading?

The beauty of options trading is that it actually helps you achieve more wins than losses through 2 unique means; Convexity and Versatility.

Convexity means being able to potentially make more money than you can potentially lose. In futures trading or stock trading, you can potentially lose as much money as you can win. When the stock goes up by $ 10, you make $ 10 worth of profit and if the stock goes down by $ 10, you sustain $ 10 worth of loss. There is no convexity. When you buy options, they will go up in value as long as the stock keep going in the correct direction (up for call options and down for put options) but if the stock goes the other direction, you will only lose as much as you used in buying the options, nothing more! For instance, if you bought one contract of call options for a stock for $ 150 and the stock went up by $ 10, you call options would be worth $ 1000 but if the stock went down by $ 10, you would only lose that $ 150 that you used. That's convexity. As long as you use only money you can afford to lose or the maximum amount you are willing to lose on any single trade towards buying options, you will always have the advantage of convexity on your side.

Versatility is found in the vast array of options strategies that can be put together. Many options strategies allow you to profit not only when the underlying stock moves in one direction but in multiple directions! Yes, in futures or stock trading, you only profit when the stock goes up or down (when you are short the stock or futures). However, in options trading, there are options strategies that allow you to profit when the stock goes up OR down in both directions and options strategies that even allow you to profit from all 3 directions! Yes, being able to profit in more than one direction greatly greatly increases your potential of winning and greatly gains the possibility of consistently making more wins than losses!

So, can you become a millionaire trading options? Yes you can. In fact, the properties of convexity and versatility mentioned above, options trading could actually make it easier for you to become a millionaire versus stock or futures trading. As such, the possibility is there and the odds are in your favor. The final question to answer is, do you have what it takes to become a millionaire through options trading?

In my business of coaching people on how to earn money online, many have ask me on how one get to be a self proclaimed millionaire. Looking for a formula on how to gain wealth and attaining financial freedom. If we look deeply, many self proclaimed millionaires have the same steps on how they get to accumulate their millions. Here’s how they do it, a Seven- step formula of becoming a self proclaimed millionaire.

First step: The Million-Dollar Mindset

Adopting the million- dollar mindset is the first thing on attaining financial stability. Adopting the million- dollar mindset is particularly easy but you just have to do it. The problem in adopting this mindset is that in the first place you are not a millionaire, in order to become one you need to think like one. There are a lot of differences that you can differentiate a millionaire from an average person like you. Self proclaimed millionaires can spot new opportunities very well and can take that opportunity to a higher financial asset to them. Thus you need to simply adapt to these beliefs and habits so you get to have the keen eye for opportunities that will also get you to become a self proclaimed millionaire.

Second step: Set Financial Goals

Be specific when it comes to setting goals. Cause this is the one important thing for you to do. Most people fail to realize is that wealth and success are made by chance. If you look to a successful and wealthy individual you might see that they have a specific and clear financial goal. Visualizing themselves on how to become rich. This is where most people failed to do, setting up their own financial goals.

Well, what do I mean by setting a clear financial goal? Thus it means that earn money as much as possible? Most people tend to create goals without a clear idea on how much wealth they can attain and that are too great to be achieved. Having a specific financial target is all you need; this allows you to develop strategies and plans for you to be able to achieve it.

For an instance, your goal is to earn $500,000 when the year ends, then what will be your strategies in attaining this goal? You get to earn this income by becoming a niche marketer or affiliate marketer. But if you want to double that goal, let’s say $1,000,000, and then you will need to employ another strategy. You can start by making your own company. Selling your own products and services or other way is to invest to other businesses. Having a clear idea on what financial goal you want to have, and then you may create your own comprehensive plan and formulate strategies to be able to achieve it.

Third Step: Developing a Financial Plan

Creating the financial target is one thing but making a plan out of it is another. A specific and effective plan to achieve your goals is the next step on becoming a self proclaimed millionaire. Just make sure your plan is clear and concise in order for those goals to be attained.

Let’s say you are planning to get to double your financial goal that you had set in the first place. You may able to get this by formulating other forms of money making strategies that is to be added to your existing form of money making.

Always take time and effort to create a plan that lets you achieve your financial goals that you had set.

Fourth step: Massively Build Up your Income

Having the right financial plan still doesn’t get you to be a self proclaimed millionaire. Most people get to be discouraged when they see a plan that needs years to achieve.

Please don’t shy away; there are tons of ways you can learn to accelerate your earnings. The internet offers a lot of strategies and proven methods on how to massively increase your income. Not by just 10%, 20% or 50% what I mean is doubling, tripling or even multiple increase. All you need to do is learn and create multiple ways of income that can be added to your business.

Fifth step: Handle you money and reduce your expenses

After setting up your financial goals and having a solid plan does not mean your road to success is already clear. The way to becoming a self proclaimed millionaire is still very bumpy and rough. Which people fail to acknowledge that increasing your earnings is only half of the whole picture. A person earning a six digit income doesn’t mean he is wealthy, still he can still be considered to be broke.

It is not how largely you earn, but how you control your expenses matter’s more. You will still need up to be flat broke if you have more expenses than your total earnings. Managing your money is the key to becoming a self proclaimed millionaire. The more you save your money and the higher you earn leads you to becoming a self proclaimed millionaire.

Sixth step: Investing Your Money

As soon you learn how to manage your money and to lower your expenses, you must teach yourself to use the surplus that you have. Cause no matter how much money you save and earn, becoming a self proclaimed millionaire can only be reach when you learn how to use your money. You must learn how to make your money grow more returning much more money.

Investing is one of the many ways you can use your money. Which you let your money, make money. So you get to have more earning in your money as well.

Lastly and the Seventh step: Look after Your Wealth

Protecting one’s wealth is the last step in order for you to become a self proclaimed millionaire.

America’s mindset today is “the bigger the better.” “The more it costs the more its worth.” “Get it now and pay later.” These ideas are just not smart. Our government is a prime example with our national debt at all-time record high which no one can pay for.

Frugal living doesn’t mean choosing poverty and it certainly doesn’t mean giving up quality. Many millionaires are millionaires not because they became famous or because they inherited money. They are self-made millionaires who worked hard, made sacrifices and chose to spend their money wisely. I am not saying that all of us that work hard, make sacrifices and spend our money wisely will become millionaires but we can certainly live much more comfortable and carefree out from under the stress of owing someone else our paycheck.

Here are somethings you can do to stretch that paycheck:

1. Pay cash. If you can’t pay cash don’t buy it. Stop using those credit cards. Credit cards are a trap. The only way you should use a credit card is if you pay it off in full every month. Otherwise cut it up! Charging something on a credit card and then paying it out over time ends up costing you double sometimes even triple the original cost of the item. You would be better off saving up a couple of months and paying cash then charging it and them trying to pay the credit card off. The interest eats you up.

2. Eat at home. Pack your lunch and take it to work. Eating lunch out everyday cost anywhere from $10-$15 a day. If you pack your lunch, you cut that cost down to about $2-$3 per lunch or even less if you are throwing left overs away at home. That’s a savings of $160-$240 a month. Not to mention, if you cut down the eating out during dinner time and eat at home as a family. That’s additional savings on top of the $200 a month.

3. Compose a budget. Budget your income at the beginning of the each month. Assign a set portion of your income to your major expenses ahead of time. This will help ensure that you don’t waste money. (Major expenses being: Rent/Mortgage, utilities, food, car payment, gas, insurance, savings, misc.) This helps you know what goes where and how much you have left after all is paid so you don’t overspend.

4. Buy used or discounted new. You can get just about anything you need either used or discounted new. You just have to know where to look. Don’t pay full price for anything. Big Lot’s, Ross Dress for Less, Nike Outlet, The Dump, etc. are just examples of stores that you can get discounted new items. These stores have sales and coupons on discounted new items as well. Garage Sales, furniture rent-a-centers, thrift stores and in this day and time the internet is a wonderful resource. eBay is an excellent tool for new and used items. You will be surprised what you will find and how inexpensive it is once you start looking. No one will know the difference. You will become addicted!

Who do you consider rich? At what income are you considered rich? For now we’ll put aside the platitudes that say you’re rich if you have your health, a happy caring family, close supportive friends and many interests. Of course these are the reasons we live for and money can’t buy those treasures. But as Spike Mulligan once said “Money does bring you a more pleasant form of misery.”

These characteristics of the vast majority of millionaires in the United States may surprise you:

• Live in a less than $400,000 house.
• More likely wearing a Timex watch.
• Pay $15 or less for a bottle of wine.
• Never paid more than $400 for a suit.
• More likely to drive an Acura than a BMW.
• Spend little on trendy brands and luxury items

Figures from the Tax Policy Center say if your annual household income is $107,628, you are in the top 20% of income earners. If you exceed $148,687, you are in the top 10%. The top 5% earn over $208,810. And if your household income is over $521,411, congratulations. You are one of those “1% ers” and likely demonized by those who view hard work and risk-taking as a matter of luck or good genes. However, like a company, your personal balance sheet should be the determining factor. If you make $200,000 a year it does you no good if you’re spending $210,000.

You may in fact just appear rich instead of actually being rich.

Take for example the recent news about NBA legend Alan Iverson. Shockingly, a man who before age 35 had amassed a fortune more than the average person will see in a lifetime had blown it all. To quote from the article: “Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.”

Huh? Almost a million dollars to a single jeweler! Here is a man who not only looked rich but actually was rich. But because the desire to look rich overwhelmed him, he is now begging for change on the street. He does stand to get $30 million from a trust, but not until age 55. It will be interesting to see if he learns his lesson, if he can survive until then. My guess is that $30 million will be gone before he reaches “official” retirement age.

This is why net worth is a far better gauge of true wealth than income. The Federal Reserve Survey of Consumer Finances indicates a net worth of $415,700 puts you in the top 20% of households. You are in the top 10% if your net worth is $952,200. (Dr. Thomas J. Stanley – author of The Millionaire Next Door – says that one in eight American households has a net worth of $1 million or more. That’s close) If your net worth totals $1,863,800, you are in the top 5%. And if you have a household net worth of $6,816,200, ta daa- you are in the top 1%… and possibly frowned upon by redistributionists who resent folks that live beneath their means, save regularly and handle their financial affairs prudently.

Most millionaires are quite the opposite of being big spenders. They spend far less than they can afford on all commonly owned assets. The want to-be’s, on the other hand, (people with average or higher than average income but little net worth) are merely “aspirational.” They buy expensive clothes, top-shelf wines, luxury cars and often more house than they can comfortably afford.

It’s ironic the very same thing that makes them APPEAR rich prevents them from ever BEING rich.

How then do you become rich if you aren’t currently? The basic formula is pretty simple: Maximize your income (by upgrading your education or job skills). Minimize your liabilities (by living beneath your means). Save the difference in an IRA or 401K (I know easier said than done.) And follow proven investment principles.

Sure you must learn to be frugal. But eventually becoming financially free, to be able to do and go wherever you want, not have to depend on a bonehead of a boss or the federal government is what I consider rich. What a feeling.

Some people refuse to change, but the bottom line is clear: If you want to be rich, you have to stop appearing like it and actually start living like the many real millionaires you won’t see on TV.

A million dollars seems like a fantasy, even a mirage. It may seem that only other people achieve that level of success. Most people are drowning in debt while only a small percentage of others are enjoying wealth. What if I told you that acquiring a million dollars is the same as getting your first date or driving your car for the first time?

The anticipation, the dream, the belief that an achievement is supernatural is a barrier to entry. Millionaires share a common theme which is they have a similar mindset. They believe that they are destined to be rich and are willing to do what is necessary to make their dream a reality. Optimism is a strong motivator and predictor of performance.

A majority of people think the only way they will become rich is by some lucky chance that is external to them. Millionaires have an internal locus of control where they believe that they will make it happen. The first step is in understanding that you could be a millionaire just as easy as it is for anyone else to be a millionaire. Millionaires are the same as everyone else except that they have a different mindset when it comes to money.

When we achieve a dream, in which we all have, you think, wow, what an experience and it really happened to me. Then over the years, as it becomes a regular occurrence, you being to take it for granted and believe that everyone has the same opportunity. Well, this is the same with getting and having a million dollars. A very small percent of millionaires are made from lucky occurrences such as winning the lotto.

Millionaires are made from consistent work towards a goal using a tried and true process. Becoming a millionaire is not an overnight process and that is why only a small minority of us are millionaires. People are not willing to make the sacrifice they need to make to become wealthy. People settle for instant gratification and then fall into a cycle of never getting ahead and living from paycheck to paycheck. Becoming wealthy is a process that takes several years and it is based on momentum and optimism.

Identify your strengths and plan out the process of leveraging your strengths to earn income. Spend wisely and invest money in things that will produce more money instead of opportunities that will lose money such as buying a brand new car or digital products. The former items are good investments only if they will produce income. Leverage debt to make more money than the debt cost you to acquire it. High interest loans are only good if you are investing the loan into things that are producing a greater return. Losing money is not the way to become wealthy.

Becoming wealthy comes with a price because people will become friends with your money and pretend to be your friend. Everyone is a friend to money and people will do funny things to get your money. Watch out for scams and insincere people. There is a reason why “a wolf in sheep’s clothing” is a popular term.

In summary, change your mindset, focus on the long-term, invest properly, resist instant gratification, beware of scams, build momentum, and live with optimism.