Money

Self-made millionaire: Here's how to become a millionaire by 35

If you want to be a millionaire by 35, you will need a high-paying job. There's no getting around it.

And while some millionaires go into business for themselves, many millionaires work for somebody else. My VP of sales Jarrod Glandt started working for me at 26, and today, at age 33, he has not only surpassed a million dollars, he's got a net worth of over $2 million.

The point is, if you want to get rich by 35, you don't need to be the entrepreneur of the year — you can just be employed.

You go to work to make money, period. Of course, there are other benefits from working, such as helping people and the community, but money is at the base of all work. We live on an economic planet, not a love planet. Sorry, but you can't pay for things with hugs. Any business that accepts hugs will soon be out of business and no longer be helping people.

You work for money because we all need money — and lots of it.

Getting your first flow of income going in your life is the basic building block of all future wealth you'll have. Without a job, you have no income, and with no income, you can't pay for goods or services, and you'll quickly become destitute and a burden on society by becoming in need of basic necessities.

So, make no mistake about it, a job is a wonderful thing to have, and never look down on it as if it's beneath you.

Most people make the mistake of leaving their first flow of income when they get a small second stream of income coming in, and then that second stream is less than the first ever was. You want to commit to that first income stream.

In fact, your goal should be to make your income stream your own golden handcuffs. It's what big companies try to do with talented people. They try and suck you into future revenue so you're like, "I can't leave this job. It would cost me too much to leave this job."

If your job isn't golden handcuffs, but rather just plain old handcuffs, that's a problem. It shows you aren't in the right vehicle. When I talk about different types of vehicles, I'm talking about different companies you can trade your time and talent for in exchange for money.

So to get the income you want — and to become a millionaire by 35 — you need a Ferrari, or a Rolls Royce, or a Lambo. Do you get it? It needs to be able to go fast, and it needs a full tank of gas.

"if you want to get rich by 35, you don't need to be the entrepreneur of the year — you can just be employed." -Grant Cardone, entrepreneur

But that's not the only thing to look for. Who's driving the thing?

The right vehicle has a lot of money, profits, and margin. If the guy driving the company was in a car wreck five years ago and all he thinks about is that wreck, then you aren't in the right vehicle because the driver's not right. Companies, departments, and households live and die by revenue.

Is your boss looking to expand? Is he focused on growth, even 10X growth?

Until you are in a seat bringing revenue to the right company, with the right driver, you don't have golden handcuffs. But that should be your goal. Your goal does not need to be to go out and start your own business right now. That would likely only give you your own self-made handcuffs — and they certainly will not be golden, at least not right away.

If you get your income flowing, at some point you get so successful at a company you'll say, "This would be ridiculous to leave."

And you would be right.

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