11 Steps To Becoming A Millionaire - Timothy Sykes

11 Steps To Becoming A Millionaire

URGENT: I’m giving a FREE webinar HERE on November 1st, teaching you how to adapt to this changing market

Everyone wants to know how to be a millionaire. Honestly, I can tell you from my own experience that the steps to becoming a millionaire are very clear cut, but the process isn’t as easy as any of us would like it to be.

It’s not at all easy to achieve this feat quickly.  But, it is possible, as proven by several of my Millionaire trading challenge students.  It requires setting goals and then being willing to do the CRAZY amount of studying and work necessary to realize those goals. It’s as simple as that.

Download this cheat sheet for 11 steps to becoming a millionaire.

But, like I said, it takes a CRAZY amount of dedication and most people give up along the way, thus never living up to their potential.

It’s those annoying, time-consuming, in-between parts that keep most people from truly attaining the financial success that they desire.  While they want the amazing end result, they don’t understand how much work is required to actually get there.

Or, they aren’t willing to embrace the process and put in the time and perseverance that’s also required to get there.

If you’re truly ready to learn how to be a millionaire, these are some of the most important steps you’ll have to take:

chanukah-lambo-1024x610

Decide what you want. Be honest. Why do you want to become a millionaire? Is it so that you can afford cool cars? Or, is it so that you can donate oodles of cash to charity? There is no judgment here, no right or wrong answer. It’s more a matter of defining the answer that is true for you.

If you want to become a millionaire so that you can have flashy cars and a gold watch, there’s absolutely nothing wrong with that. Embrace it. Let the prospect of these worldly goods (or whatever else you want to gain / attain) inspire you to take the steps necessary to attain the money that can get you to where you want to go.

Decide how to get there. Once you’ve figured out what your goal is, it’s time to figure out how to get there. There are plenty of ways that you can work toward making the money that you need to reach your goals. Personally, I attained my millions by trading penny stocks. If that’s the path you want to take, I have plenty of resources to offer, including my Millionaire Challenge. My millionaire students get the chance to learn how to trade stocks in a team setting, where they benefit from accountability and group motivation.

tim-sykes-1024x576

Train yourself. Regardless of what job or method you’ve chosen to work at to become a millionaire, apply 100 percent of yourself toward mastering it. If you want to become a penny stock trader, learn all that you can about penny stocks. Take on education as if it’s your spring training and you want to go all the way to the World Series. Educating yourself will ensure that you will be able to attain the success that you crave.  And, you will be more effective at the work that you pursue.

Seek guidance. Han Solo had Yoda to guide him on his journey. Find your Yoda (possibly minus the wrinkles), in an individual who is further along on their journey than you. This person can help advise you, as you move forward in your career and guide you in the right direction(s). Often, they can help you avoid common pitfalls or teach lessons that they learned the hard way. Benefit from their hard-earned knowledge.  Listen to them carefully.

Cut the fat. Are there things that are holding you back in your life and finances? Maybe it’s a dead end job or a social group that is lazy and unmotivated. It’s time to sever ties. No, I’m not saying that you should quit your job and ditch all of your friends. But, do take an inventory of your life and see what you can cut out or change, to streamline your path to success.

Set milestones. Bring your training and your goals together, by setting specific milestones to help you reach your goals. If your goal is to make $1.2 million dollars to buy a house, then break it down into more manageable portions. Decide what seems like a reasonable amount of time to reach this financial goal, then set regular milestones.

Don’t let yourself become frozen by this prospect, because we’re merely laying down a rough sketch of the road ahead. You will have the full ability to pause, many times along the way and to reevaluate your goals and milestones. You can adjust as needed.

Get to work. Once you are ready to go, begin the work needed to reach your goals. If you’re entering the world of penny stocks, get trading. Get your feet wet and see how it feels. It might be scary, at first, but you’ll gain confidence as you gain experience. Whatever it is that you have set yourself forward to do, start doing it. Be religious in dedicating time to your work and hold yourself accountable.

Network. No millionaire is an island. To attain and maintain success, you have to surround yourself with successful individuals. Not only will they inspire you to keep aiming high, but you never know when an acquaintance might be able to offer a great financial opportunity.

Evaluate your goals. Now that you’ve gotten to work and you’re in your flow, be sure to pause frequently and evaluate how you are doing. Ask yourself: Am I on track to maintain my goals or did I aim too high or too low? Adjust accordingly. There’s no need to coast along without challenging yourself, but also no need to break your back. Set the pace that works for you.

Lose the fear of failure. OK, maybe asking you to totally ditch your fear of failure is a bit much. It’s a valid tool and one that can, to a certain degree, protect you from making huge mistakes. But, don’t be so afraid of failing that you don’t take any risks. Often, a certain degree of risk is exactly what reaps the big rewards, both personally and professionally.

jet-watch-copy-1024x786

When things get hard, keep going. News flash: things are going to get hard. It’s most important to keep going when they do. Stay on your path. Don’t be discouraged by pitfalls. Allow yourself to make mistakes, but be sure that you learn from them.

The steps toward becoming a millionaire are not exceedingly complex. But, this doesn’t mean that the process is easy. The fact is, to become a millionaire, you’re going to challenge yourself unlike you probably ever have before. Furthermore, you’re going to have to work harder than you ever have before. But, with time, effort and patience, financial success is yours for the taking.

Why do you want to be a millionaire?

 

Posted in Millionaire Habits

Become a Millionaire

I Turned $12,415 into $4,650,000 Trading Penny Stocks. Now it's your turn.

Apply To Work With Me

23 comments

Timothy Sykes

Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my millionaire challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don't forget to check out my free Penny Stock Guide, it will teach you everything you need to know about trading. :)

  1. Adam Moore

    Hi Tim,

    First, Luke Skywalker had Yoda as he was the Jedi! Lol

    Second, I’ve been watching your videos, working through reading American Hedge Fund. Really excited to save up to hopefully start learning hands on your tools and techniques at some point. Being in Canada however, running into an issue finding a decent broker, which doesn’t require a big starting amount. Any recommendations?

    Thanks

  2. Adam Moore

    Thanks. Unfortunately $10,000 min deposit to start with them is a bit steep right off the get go. How would someone turn $1500 into 1 million, when deposit requirements are much higher than that?

  3. Al Dinger

    I am grateful for the burst of energy that comes from you, Tim; your energy brings life, hope, and direction to me. I am thankful for your love for helping those in other countries too. You are giving hope to many needing it. Al Dinger

  4. Luis

    it is possible to keep track of thousand dollars to $ 1 million within a year with penny stocks? and your strategy?

  5. Kwezi

    Hi Tim,

    Thanks for all your lessons and videos, I really appreciate them and am now trying to watch all 4000+ videos you have on profit.ly. So far, i’ve signed up for your annual TIM Alerts subscription, purchased and watched Tim Fundamentals Part Deux, Penny Stocking Part Deux, Tim Tactics, Learn Level 2 and Trader Checklist ALL TWICE so far since I started on this journey back in July 2016. I’m from Cape Town, South Africa and extremely determined to becoming one of your millionaire students. So far i’ve been using every moment of free time during the week and weekends to study while I paper trade and try to get better in trading and once I see that i’m consistently making profitable trades, I plan on trading with real cash. In the interim, i’m also trying to save up some money so that I can enroll to become one of your trading challenge students because I KNOW that will definitely improve my chances of meeting my goals and becoming a great trader.

    One question I do have though… I’ve signed up for the free webinar on the 1st November 2016, however, with the time zone difference of 7hrs, (8pm EST is 3am in South Africa), my question is, will the webinar be recorded so that I could watch it at a later stage perhaps, rather than at 3am (SA time) because I will have to go to work the next morning? I know that is not your concern but it would be great if the webinar could be recorded.

    Anyway, thanks for dedicating so much time and effort to teach us when you don’t have to, I sincerely appreciate you and your team for all the great work you guys have done and continue to do.

    Regards,

  6. Roland

    Good Job Tim. Other honest people are teaching and doing what you have started and now people like me can pick and choose more than one guru (knowing full well that there are tons and tons of fakes to stay away from. I won´t name names, but you know who I am talking about, guys with red capes saving the universe, guys that look like Hollywood celebrities, the cigarette guy and just folks wiling to tell their story, . Profit.ly, with traders showing all of their trades, is a game changer. You won´t be able to realize the way you have influence the culture in your lifetime, but I believe that you belong up there with the greats like Jobs, Deepak, etc. You will be mentioned in any list regarding the most influential people of this century, by providing the needed missing informational link that will allow millions of people to participate in the markets from home. Eventually, I will catch up to you and we can have this talk over a pizza. Seriously Mr. Sykes. You have discovered the equivalent of penicillin and you don´t realize what it is good for, yet. Good job guy.

  7. Pingback: How to Stay on Top of the Latest Marketing Trends – Work from Home – Make Money Online

  8. Pingback: How to Stay on Top of the Latest Marketing Trends | Gabriel Collignon | Generating Change in Business and Life

  9. Pingback: How to Stay Motivated When Blogging Isn’t Easy | Adwords Marketing for Business

  10. Pingback: 3 tips for better content marketing goals | SoBiz

  11. Pingback: 8 Daily Routines That Will Make You a Millionaire - Timothy Sykes

Leave a Reply

Your email address will not be published.

Click here if you want to become a millionaire!

Close