How to become a millionaire in under five years
How to become a millionaire in under five years · Entrepreneur

If you wanted to, you can become a millionaire in under five years.

I was able to do it sooner than that, but it wasn't that easy. There have been many sacrifices to make and obstacles to overcome, but I was determined to make it happen. Dealing with adversity was my greatest teacher and it allowed me to build the type of resilience that helped me walk through the fire.

Dealing with People

Eventually, I became fireproof. In the process of reaching the seven-figure mark, I've learned dealing with people is the most important attribute. No one can become a millionaire without knowing how to deal with people assertively. You must be prepared when your best friends turn on you or your family betrays you. Sometimes, it will happen at the most unpredictable times.

Forgiving People

I had to let old friends and family members know that I was moving on in my life. One time, I pulled a cousin over to the side at a family gathering and told him the truth about how I felt. Strangely enough, he unexpectedly died the next week. If I had not forgiven him for his transgressions, it would have haunted me for years.

Forgiveness is the best revenge. - Unknown

Handling Finances

In my first year of business, I barely scraped by financially. That same year, I faced dozens of overdraft fees and late charges on almost every bill. I had to sell my car to keep moving forward. I learned I still had to keeping show up and handle my business, despite the failures and discouragement. Soon enough, I began to prosper and my income skyrocketed 10 times in the next year.

Making Sacrifices

Those experiences were hard. The night before I received a payment of $10,000 to speak to a large audience in Delaware, I had to sleep in the car in the freezing cold by myself! At the time, my account was severely overdrawn by over $200 and I couldn't afford a hotel. It's a good thing I had a wool suit that night!

Experience is a hard teacher because she gives the test first, the lesson afterwards. - Oscar Wilde

Dealing with Embarrassment

Another time, I was stuck at the grocery line with nearly $100 of goods. When I swiped my card, it was declined. After fumbling with other credit cards, I looked behind me and there were at least 10 carts behind me. I had to go home and eat tuna that day--with no bread or mayonnaise. My water was shut off that night, too, so I washed the food down with a few teaspoons of rain water!

Asking for Help

At a certain point in my business, I couldn't grow any further until I hired a few key people. Asking for help wasn't my forte, but I had to make it happen. Within months I had a lawyer, editor, personal trainer, part-time chef, and other personnel. It cost me a fortune at first, but eventually helped push me into the million-dollar mark. Most people won't ask for help because their ego is in the way.