7 Skills That Could Make You A Millionaire In Less Than Five Years
If you want a decent income, you learn job skills. If you want a high income, you learn marketable skills.
In this post, we take a look at some of the skills that could make you a millionaire in less than five years. Check them out below.
Accounting
Most people think they are better at managing their money than they are. They believe that they are adopting the best investment strategies and taking advantage of all the expenses available to them to reduce their tax bill.
However, if you really look at how people are managing their money, you often find the polar opposite. They’re not actually all that good at accounting, and they don’t understand the first thing about a balance sheet, profit and loss statement, or cash flow statement.
Once you understand accounting, though, you’re well on your way to being successful. You can personally evaluate company balance sheets, figuring out if they are a good investment or not. And you can keep better track of your own company’s finances, reducing your taxable income.
Trading
Once you learn day trading, it’s a skill that you will have for the rest of your life. What’s more, you don’t even need a regular job to make money from it. All you need to do is log onto a popular trading platform and start buying and selling securities. If you know what you are doing, you should find that you’re making good money year-round. In fact, if you can master the game, you could transform yourself into a millionaire far more quickly than you might ever imagine.
Sales
Take a look at some of the most successful people throughout history. What’s the one thing they have in common? You guessed it: it’s their ability to sell.
Take Elon Musk, for instance. Tesla barely spends any money on advertising, yet thanks to the CEO’s regular public appearances and media mentions, everyone knows about the car brand and the products it offers. In fact, Elon Musk has been so successful at selling his car products that most buyers barely even notice. Instead, they want to be a part of the brand and what it represents. The fact that they get a car in exchange for their money seems quite incidental.
If you can master the art of sales and get people to willingly hand over their hard-earned cash, you’ll make a fortune. If you can combine your selling skills with something that actually benefits people, you’ll become a millionaire in a matter of months.
Emotional Intelligence
Running a large enterprise and making a lot of money requires a high degree of emotional intelligence. You need to be emotionally competent in every situation, particularly if you are client-facing or are looking to build a team of dedicated professionals.
Emotional intelligence involves being empathetic, tactful, and using the proper body language. It’s also about diplomacy, tone of voice and motivation. If you can get under people’s skin and make them feel good, money will naturally follow.
Innovation
Imagine if you could make your service just 1 percent better every day, how much would your life improve? The answer is that, by the end of the year, you’d be totally devastating the competition, and nobody would be able to keep up with you. One of the best ways that you can innovate is to keep learning. Companies such as Get Course offer amazing courses across the country and that can help you to boost your current skills list. You want to ensure that you are going to be ready for anything, and a good way to innovate in your businesses is to expand your own horizons as a business leader. Not only will this make your workers feel inspired, but it will make your clients want to work with you.
Unfortunately, most people don’t look for the 1 percent improvement. Instead, they focus on the 10X, believing that it will ultimately bring them to the promised land.
This notion that you need to be ten times better than everyone else to succeed is something that comes from Silicon Valley and computing in general, where progress is exponential. However, in every other field of human endeavour, things are linear. So if you can be 10 percent better than the next best person, you’re automatically the best in the world. Small 1 percent improvements every day are what will eventually get you there.
Organisation
Millionaires and billionaires are ruthlessly efficient. They organise every minute of their time, making sure that they are moving towards their stated goals. They structure their days, usually around routines while, at the same time, accommodating the unexpected.
Goals And Visions
Lastly, the world’s most successful people always have a vision, and often have goals to help them achieve it. Ultimately, your life’s work has to be about more than just the money. It should be something that supports the rest of humanity or, at the very least, makes you feel good.
Try setting goals and visions for months or years in advance. Then track your progress to see if you can achieve them.