Have you ever dreamed of becoming a millionaire? If you have, then there is no better time than now to realize your dream and become a millionaire. It is not as hard as you think. If we learn from the best, then we can become like the best. One of the most successful businessman and multi-millionaires is Robert Allen. Robert Allen suggests following seven key money skills in your quest to become a millionaire. Lets take a look at these money skills that Robert Allen swears by.
1. Value It – Robert Allen suggests that we value every last penny we have. Even a mere dollar holds value. We waste a dollar here and there and pretty soon that adds up to a substantial amount of money. A budding millionaire will treat a dollar like a money seed, using it to make their next dollar.
2. Manage It – Becoming a millionaire is dependent upon proper management of your cash flow. Learning how to manage money properly and using it for the best purposes will lead you towards becoming a millionaire.
3. Save It – Like all good millionaires, Robert Allen stresses the importance of saving your money. It will do you no good to have a steady cash flow of money from your primary job if you constantly spend all of the money. It is like taking a bath without plugging the drain – no water will collect in the tub if the drain is not plugged. In life, a future millionaire learns how to plug his spending drains so that part of his income can be saved.
4. Invest It – A millionaire doesn’t just sit on the money he has saved either. As he continues to save money from his monthly cash flow, he also looks for prime investment opportunities. A millionaire will look for ways to increase his savings account through investments.
5. Make It – Sometimes one stream of income is not sufficient to “fill up the bathtub” fast of enough. Thus a millionaire is always interested in finding new ways to make more money. Finding multiple streams of income is one way Robert Allen has identified as a way to reach your goal of becoming a millionaire faster.
6. Shield It – As you learn to master the skill of making money, a millionaire must also understand how to protect his money. In today’s world one must protect all their assets from those who would rather steal it than earn it.
7. Share It – Just as you protect your millions from those who don’t deserve it, you must also share your money with those who do. Help others to realize the same prosperity that you have by helping them jump start their journey to financial well being. Share your money with good causes and deserving people.
Learning these money skills developed by Robert Allen will help you become a millionaire. Each skill teaches a unique value that is important to realizing financial success. As you learn and acquire these money skills your pennies will turn to dollars which will turn to millions of dollars and your dream of becoming a millionaire will have been realized.
Written by Adam Smith