Monday, May 24, 2010

Secrets of Self-Made Millionaires

I found this Readers Digest article via Yahoo on the 5 Secrets of Self-Made Millionaires. It was quite an interesting read. Here is the breakdown of the 5 and my look at them.

1. Set your sights on where you’re going
So true. If you don't have a vision, then how will you know where you end up.
2. Educate yourself
Whether you want to be a finance guru or scientist, you will want to study, study, study.
3. Passion pays off
You have to love what you do, otherwise, you will not succeed.
4. Grow your money
Reinvest what you earn back into your business. Don't squander your earning frivolously.
5. No guts, no glory
Just like exercising, "no pain, no gain." You have to take a risk and sometimes it may seem tough, but you have to continue.

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