How To Become A Millionaire - Even With A 9-5 Job!

Chris R.
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Published: November 12, 2018
Modified: April 17, 2023

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You’d be lying if you say you never wondered how to become a millionaire. Everyone at least once has envied the lifestyle of the rich and how everything seems to be served to them on a silver platter.

However, a few seconds after, reality strikes. You have a mundane 9 to 5 job, the type that pays a decent amount but is definitely not the right answer to becoming a millionaire even if you worked there your entire life.

Now, we’re going to burst all the myth bubbles about how to become a millionaire. Regardless of your job’s schedules and as long as you receive a decent salary, the answers to “How to make millions” and “How to be a millionaire” are actually rather straightforward. As we’ll show you in the article, becoming a millionaire is about:

Having the right mindsets

Following a disciplined pattern of work

Forming a set of habits that take you one step closer to your goal every day

As a famous influencer in the money world, Robert Kiyosaki, says: “The only difference between a rich person and a poor person is how they use their time”.

We’re going to teach you how to become that rich person.

The 7 Rules of How to Become a Millionaire...from Those that Have Done It

Now that we have established that becoming a millionaire is not all about the salary or your bank balance, let’s look at a few tactics on how to become a millionaire:

1. Develop a solid financial plan

The first and probably the most important step is to create a written financial plan. Having a physical, financial plan in front of you somehow obliges you to act rather than just talk. You can make the right decisions at the right time and get one step closer to your goals.

A lot of people who try to tread on the path of becoming a millionaire fail as they do not invest enough time and effort into formulating a believable and realistic financial plan for themselves.

Making a financial plan not be the easiest task in the world, but here are a few tips that will ease your process of making one to help you earn extra money:

2. Invest in skills and knowledge

Don’t hesitate to invest time, money and effort in learning new skills and acquiring new knowledge while you have set your mind to treading on the path of becoming a millionaire.

Understand the tips on how to become a millionaire, and you don’t have to be a genius in your field. We aren’t saying you need to be a genius in all fields either. All you need to be is well aware of a number of different subjects like sports, politics, finance, history, and geography.

Take in all that you can, from whoever you can. You never know when this information will come to use for you.

3. Automate your savings

One key ingredient on how to become a millionaire is saving. Forget about becoming a millionaire if you’re not going to save any money. Get into the habit of saving money right away. Do this by putting money aside via whatever long-term financial investment plans are available in your country.

Don’t forget to set aside some money for an emergency fund as well. While putting money aside every month might be a tedious task, it is of the utmost importance.

But you don’t have to manually move money every month. That’s a waste of time and energy. You can just set up your bank accounts to automatically pull out a part of your income and put it aside into the different saving channels.

Expert advice seems to state you should put aside 10% of your salary towards investments, and 5% of towards savings every month.

4. Live below your means

It is a known fact that the richest of people in the world spend their money very sparingly. They don’t spend their money on buying expensive houses, cars, pens or clothes. It doesn’t mean they are stingy but rather wise in spending. Buy only what you need, not what you want.

5. Surround yourself with millionaires

Associating with millionaires and those who are more successful than you will help you widen your horizons and give you a different perspective. It will also give you an idea of your potential. This is just because millionaires think differently from the other. Remember: you are the average of the 5 people you surround yourself with the most.

6. Create passive income streams

Most self-made millionaires have more than five streams of steady income flowing into their bank account. It is essential to create multiple income streams in order to maximize your bank balance, even while sleeping. If you want to know how to be a millionaire:

You can also choose to make money online with something like an online job as well.

7. Increase your income

Ensure that you focus on the income coming in and the increments that you will be receiving. Don’t sit back and be satisfied with whatever amount you are getting. Continue seeking the answer to “How do I get rich?”.

The minute you start to follow the money, it will force you to stabilize your revenue and will also help you to broaden your horizons.

How to Cultivate the Mindset of a Millionaire

Like we mentioned before, a significant way of how to become a millionaire, is to have the mindset of one. While many money “gurus” can talk about techniques all day, the fact is that the best money blogs talk about your brain and thinking patterns.

Do you know the old phrase, “Life is 10% of what happens to you, and 90% your interpretation of the events?” Millionaires know this, and use this fact to their advantage.

We do understand that you probably don’t have any millionaire friends or even if you do, that they don’t reflect their mindset for you to grasp some information from.

Therefore, we’ve put together a few tips which could help you harness the mindset of a millionaire:

1. Invest 80% of your time into learning

Most people work to earn money and not to make a difference. When you become a millionaire, you must cultivate the knowledge and mindset that every minute spent must be returned to you in some form or the other.

For example, every minute you spend on Facebook or Instagram may seem like just one minute. But that one minute can never come back to you. Instead of making your future better, it actually worsened your future because that one minute will never come back to you in any real productivity, gain, or joy.

But, on the other hand, if you invest your time into something more productive, it will leave you off better even in the case of entertainment. Say reading a good book, or watching a TV show you GENUINELY enjoy, versus randomly scrolling through Instagram feeds.

2. Don’t work for the money, make the money work for you

At the beginning of your journey to becoming a millionaire, you will be working for money. There is no way around it. After all, you need to have money to make money.

However, once you start to make money, don’t forget to put your money to work. You can do this by putting it into savings (saving accounts at banks aren’t the only options), and investing in financial instruments like bonds and stocks. You might also look into more “alternative” forms of investing like making money with digital coins and creating entire new streams of income.

3. Focus on learning things that create more value to your life

Learning is a never-ending process and there’s so much you can learn. But what is the point of learning if you don’t put any of what you’ve learned to practical use? Reading a list of ‘100 exciting cat facts’ can technically also be something you learn, but that creates little to no value on your path to riches.

Focus instead on useful skills and knowledge, like reading a book on stock trading or developing a wanted skill like software programming.

4. Invest RIGHT NOW into money-generating opportunities

Imagine if you had started investing in the past, you’d have already been on your way to becoming a millionaire. But, better late than never! Start today and invest money into anything that will eventually generate you more money like property, automobiles or share markets.

Remember learning about compound interest in school and thinking that it’ll never come to any use? Well, fortunately, or unfortunately, compound interest does exist in the real world. And believe it or not, it can bring you more money than you ever imagined.

5. Acknowledge how dependent you are on others...and why that’s a good thing

You may want to deny it, but truth be told, everyone, each one of us, is highly dependent on other people in our lives. Part of becoming a millionaire is to be able to openly believe, acknowledge and accept the fact that you too are dependent on others. Instead of looking at dependency as a weakness, look at it as a strength and use it to your advantage.

Tell the people that you are dependent on that you appreciate them. Only when you show gratitude and humility and respect towards them, will they do the same for you. Treat people as you want to be treated yourself. Give more than what you take…

6. Create win-win strategic partnerships

Instead of competing with others all the time to do better, consider creating a partnership with them and collaborating with them. When you are competitive, you are more focused on winning rather than finding real, effective, efficient and viable solutions to problems both of you might be struggling with.

When you collaborate to become a millionaire alongside others, you can expand your ideas, deepen your thought processes and come up with ideal solutions. More often than not, you will collaborate with a person who is an expert in other fields than you, making you and the other(s) a great team!

Don’t be selfish and collaborate only for your own good. Instead, create strategies that will help you and others succeed alike.

7. Get really, really good at marketing

If you look at the depths of it, you will realize that marketing is nothing more than applied psychology. Network with people, help them out and persuade them into believing that you are the real deal.

A big reason why some people never end up gaining success is because they avoid marketing. No one is going to pay attention to you if you don’t “package” yourself in an exciting manner. You can have the most life-changing product, but if nobody knows about it, it’ll never be seen by the world.

8. Define wealth and success for yourself

Wealth and success are both very subjective terms. What they mean to you may not be the same as to us.

Don’t base your definitions of wealth and success the perception of other people. Think, analyze and then set a definition for prosperity that satisfies you the most. Is it how much freedom you have? Where you live? What do you want to do every day? Do you need 10 million or would you be equally happy having ‘just’ 5?

As much as we may like for the tables to turn and for our situations to make us all millionaires instantly, it’s just not possible. Most people want just to earn tons and tons of money. No one wants to work towards it.

“Be the change you want to see in the world”

The person who has to do that work is you, meaning it’s all in your hands. But you cannot just wish for change. You need to work towards it. You need to be the person that attracts success, wealth, money, appreciation and respect. You cannot just transform into that person overnight.

So many people right now are Googling “How to become a millionaire”, but most expect get-rich-quick shortcuts. After reading our article, we hope that your realize it doesn’t work that way. Becoming a millionaire, even though you have a 9 to 5 job, isn’t all that difficult.

All it takes is the right mindset, a steady income, and the right decisions. Don’t delay any longer, start today and you’re already a step ahead in life.

How to become a Millionaire…Even When You Have a 9-5 Job