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Saturday, July 18, 2009

The Virtues on How to Become a Millionaire

By Mitchell Derosa

They say patience is a virtue, and there's no time this is more true than when you are setting out to increase your personal wealth. More money for the sake of having more money is monotonous; instead, honest work and new pursuits lead to the best kind of wealth.

Variety is the spice of life, and doing any one thing repeatedly makes life quite boring. When your days and nights are consumed with get rich quick schemes, there's no time left to enjoy the things in life that really matter -- the things that don't require a million dollars to benefit from. There's no shame in wanting to increase your net worth, but there is a right way and a wrong way to go about it. Money is meant to symbolize the value of your work in the lives of other people, and that's what it does mean when you find ways to earn money by adding value to others' lives.

No one becomes a millionaire by snapping their fingers; it requires dedication, time, and patience. In order to make your first million, you'll need sound financial advice and a strong work ethic, and you need to pursue honest and sensical means of increasing wealth. If it sounds too good to be true, it likely is, and then you'll have wasted energies you could have invested elsewhere.

The case is often times that the world's hardest workers are often the poorest. Working hard is only one part of the millionaire's formula; to make a good deal of money, you have to work smart. Let us put it in this kind of perspective: To be a millionaire, you need to take on a job that puts you in a office at the top floor, rather than of sweeping the front lobby on the bottom floor.

There are some lucky people who make it big quickly through a lucky streak at the casino or an inheritance. However, getting a big sum of money overnight is not as satisfying as it may sound. Because you didn't work hard for it, the same dollar will not be worth as much to you as it would otherwise. You'll be more apt to spend it frivolously instead of on important things. Remember, a one-time financial win makes no promises of future financial rewards, while hard work and dedication are more likely to lead to a recurring revenue stream. It takes most people many years -- decades, even -- to reach their financial goals, but that makes them all the more worthwhile. You must plan for the long-term.

Another way to become a millionaire is a hard, patient work. It takes quite a long time before you get your first million, and there's a good opportunity you may not been able to make it, most of all with the way the economy is doing these days. One important thing to remember is not to give up; there are lots of millionaires in the world today, and there are no excuses why you should not be one of them. If you plan to be wealthy, you should be wealthy in from the virtues that make money: persistence, perseverance and patience. Always put in mind to focus and concentrate on your goals. You will surely run into a few road corners well into your way for your first million to appear beyond any of your good expectations. With the right financial decisions and hard work and perseverance, that million could be surely be yours. - 23218

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