The world is full of people who complain just about everything but do nothing. Yet they wonder how to become a self-made millionaire with no money.
A lot is wrong about this mindset. Let me tell you what exactly.
For a start, you need to let go of blaming others for what you don’t have. And need to immediately start taking responsibility for anything that happens and doesn’t happen to you.
It’s what all self-made millionaires are doing, and something you can’t just skip if you want to change.
The transformation happens on the inside first. And this responsibility thing will make all the difference.
Next, average people think you need a million dollars to actually live like a millionaire. Well, that’s not true. You need the lifestyle, not the money.
Because if you have the money but lack the time and organization to spend it right, you simply won’t be able to do anything with it and will be miserable.
What’s more, you won’t be able to sleep as managing money is often harder than earning it. The net worth of a millionaire might not be for you, but the mindset and lifestyle might be. And that’s what you should go after.
The Internet is full of inspiring self-made millionaire stories.
Most people, however, just don’t really read these and try to extract the lessons. Because if they did – if they set aside tens of hours to read biographies of great leaders and success stories of Fortune 500 companies – they’d see some important underlying principles of accumulating wealth.
They would understand the steps to becoming wealthy, the way of thinking that requires, and what exactly can go wrong so they can avoid it on their journey.
The information is out there. Most big publications have shared it with the world for free.
All it takes it to create a site and start blogging to build an audience and monetize it.
In fact, to know how to become a self-made millionaire with no money, you can simply dedicate a month of your life to self-education.
You can learn all about starting an online business on the side and the possible ways to earn passive income. Then you can make a 1-year plan on how to earn your first money online, turn it into a steady income, and leave your job.
Then you can manage your finances like a boss, which is one of the top habits of millionaires. After all, wealth accumulation is all about earning more, spending less, and saving and/or investing the difference.
Learn the ins and outs of investing too. It’s a complex issue, but plenty of people out there are self-taught investors earning cash on a daily basis, and living the lifestyle of their dreams.
The most important thing to understand is that this doesn’t need to require money.
I want to share with you the right first steps on how to become a self-made millionaire with no money, here’s something practical.
How to Become a Self-Made Millionaire with No Money: The Habits
Create your vision by defining – then designing – your ideal lifestyle.
Set aside a few days to think it through, to write stuff down, to imagine a possible future that would make you satisfied.
Know what you want to eliminate from your current life, and what you need to add over the next few years.
2. Ditch the non-believers.
Who you surround yourself with is crucial.
You need to stop hanging out with people who aren’t ambitious and aren’t looking to become rich any time soon. Instead, find new like-minded individuals.
Then, find a mentor.
While you’ll eventually start going to networking events to grow your network (as it is your net worth), you can also find great mentorship online.
Start following self-made millionaires and billionaires online.
3. Start building your online empire today.
I believe in a simple solution to creating the ideal lifestyle – earning passive income. And one great way to do that is to start a blog, grow it, monetize it strategically, and allowing it to earn you money for years to come while you move onto other business ideas.
If you do your best and dedicate all your free time to that, it will pay off in the long-run.
Today it’s all about attention.
With social media, blogging and videos, and all the platforms available that you can join for free and build a following there, you can grab interest and keep it. What’s more, you will know these are the right people.
The very first steps are:
- Do your research.
- Choose your niche.
- Know your strengths and use them.
- Build a site.
- Start a blog.
- Create profiles on social media
- Start engaging people there.
- Create different types of content on a weekly/daily basis.
- Share your story with the world.
All that’s available in the digital world makes it possible to know how to become a self-made millionaire with no money.
You should be investing your time, though. Daily.
Reach out to influencers via email or social media. Write articles. Leave comments on other people’s blogs. Personally message people on social media and get feedback on your ideas. Shoot quick videos talking about stuff you’re interested in.
That’s the foundation.
Then it comes time to get into marketing. Whatever you’ll be doing from here on, it will involve selling. Be it your services, your products, your brand, or just an idea.
You’re creating solutions to problems with your future business. So you need to convince others to join you on your journey, and potential customers that they need what you have.
Afterward, you become a creator.
Although you already should be creating by providing value with content on your site and across other platforms, you also need products.
5. Learn, learn, learn.
One of the main secrets of self-made millionaires is that they are passionate learners.
I don’t mean formal education. It’s not a coincidence that some of the richest and most successful people of today are college drop outs.
You can learn all that you need yourself. It’s called the art of lifelong learning.
It’s mostly a mindset, and it should go together with true desire and curiosity.
I’m talking about learning the ins and outs of the field you’re about to enter.
Learning all about managing money and dealing with numbers.
Understanding the main principles behind starting an online business, building an audience, creating a name for yourself, and engaging people with your content and brand.
Without this, you can’t make it.
It’s worth it as I’m learning from the expert (Michelle from Making Sense of Cents who’s already earning $100K from her blog) and because I was literally leaving money on the table without having set up systems to make money from affiliate marketing. I’m now learning and applying the lessons.
6. Stop doing the things that will never make you rich.
Seriously, stop spending on stuff you don’t need. Millionaires would never do that.
They know that wealth comes from saving and spending wisely.
Here’s a good guide on how to save your way to 1 million.
7. Invest in yourself first.
Self-made millionaires’ most common reason on how they did it is that they read a lot, all the time.
That’s the way to get into investing too, even if you know nothing right now.
Warren Buffet used to read 1000 pages a day.
One of the best tips of successful people is to invest in yourself first. That means setting aside 15% of your money on a monthly basis, and investing it wisely.
But it also means investing in yourself by taking care of your well-being. Sleep enough, eat well, exercise, boost your mental and spiritual health too.
Even the busiest self-made millionaires do that daily.
They know how important an energetic body, peaceful soul and focused mind are.
Only the combination of these can let you be in top shape and perform well day after day, while building your million dollar business.
8. Investing to become a millionaire.
So, how to become a self-made millionaire with no money? Invest.
Before you start making excuses as to why you need experience with that, a degree in finance, or knowing the right people, know this:
Enough people out there starting from nothing have made it without help, and so can you.
Here’s the moment to start reading some of the best books on investing.
This list will be enough. It’s for beginners and covers all that you need to know about this industry and how it works, together with forming the mindset necessary to make serious money from this for the rest of your life.
Stop looking for the quickest way to become a millionaire.
That will lead to disappointment. Instead, you must play the long game if you want to win. But also preserve your peace of mind, be happy and find meaning.
You don’t become a millionaire overnight. Some consider the success stories we constantly hear about such overnight achievements, but it’s far from the truth.
Headlines share how Mark Zuckerberg created Facebook in a day and soon became a millionaire. While now he’s worth 74,2 billion dollars.
But when you dig deeper, you see he was just a student who wasn’t interested in the system. He was spending his time in his dorm coding on his computer. He didn’t have a plan on what to create exactly, he just loved it.
So he coded for weeks, without doing anything else. Then one day, he created a social network for his campus that grabbed interest. The word got out and other universities wanted to join.
Then, the platform was available to anyone else, regardless of whether they are students and where in the world they are.
Now, there are 2.7 billion monthly active users on Facebook!
You can become an entrepreneur with no money. But you do need the passion, the drive, the desire to contribute. The dedication, the discipline, the right habits, the love for learning.
If you read this guide hoping to find a super quick solution, then just Google how to make quick cash. You’ll see some ridiculous ways that work.
But that’s not what self-made millionaires would ever do.
And you don’t need to have a million dollar idea just yet. You’ll generate 1000 small ones before that, until one day your mind will think of a creative way to do regular stuff. And you’ll fill a need in the market that only your business can.
So, how to become a self-made millionaire with no money? Sit down and write the plan for your first stage. That includes what you need to read, what changes to your daily routine you need to make, and where in life you want to be a few years from now.