Becoming a millionaire is a taboo topic, especially amongst the millennials, not to mention in Africa.

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Oftentimes, you’re a trust fund baby, or a young girl who married a dinosaur that left you millions upon his extinction, or worse, sacrifice albino new born babies with the hope that your witch doctor’s concoction does what it promised to.

Worse, saying it can be done by the age of 30 seems like a far-fetched fantasy.

I’m not a millionaire yet, but I stalk millionaire mentors – not because I’m obsessed with being a millionaire but because I want to leave something for my children’s children when I’m gone.

I got out of college, broke and in debt, and told myself that by the time I turn 30, I will be a millionaire! (Note the exclamation mark at the end of that statement)

42d261208e0c50de41374f4ab37efba3Here are the 10 steps that will guarantee you will become a millionaire by 30, which I’m learning and applying by the letter:

1. Follow the money:

In today’s economic environment you cannot save your way to millionaire status.

The first step is to focus on increasing your income in increments and repeating that.

My income was N$3,500 a month and six years later it is N$54,000 a month. Start following the money, and it will force you to control revenue and see opportunities.

2. Don’t show off – just show up!

I haven’t bought a luxury watch or car. In fact, I take cabs or walk and yet my businesses and investments are producing multiple secure flows of income. Be known for your work ethic, not the trinkets that you buy. Nobody cares!

3. Save to invest – don’t save to save:

The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

4. Avoid debt (like a plague) that doesn’t pay you:

1a29ef2a93877076f901b67ae2de9c3fMake it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

5. Treat money like a jealous lover (because it is):

Millions wish for financial freedom, but only those who make it a priority have millions. To get rich and stay rich, you have to make money a priority – after God and family. Money is like a jealous lover. Ignore it, and it will ignore you, or worse, it will leave you for someone who makes it a priority.

6. Money doesn’t sleep:

Money doesn’t know or care about clocks, schedules, or holidays, and you shouldn’t either. Money loves people who have a great work ethic. When I was 26 years old, I was solely in media, and the office I worked at closed at 5 p.m. Most times, you could find me there at 11 p.m. putting in the extra work. Never try to be the smartest or luckiest person – just make sure you outwork everyone.

Don’t be fooled, I’ve been so broke after that, to an extent my former colleagues started writing blogs about me. Then I wised up!

wealthy woman sea view“If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.”Flickr / Porto Bay Hotels And Resorts

7. Poor makes no sense:

I have been poor, so poor, and it sucks. I have had just enough and that sucks almost as badly. Eliminate any and all ideas that being poor is somehow OK. Bill Gates once said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.” So whatever you do, don’t die poor.

8. Get a millionaire mentor:

Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires to duplicate what they did. Get your own personal millionaire mentor and study them like you’re going to write an exam solely about them. Most rich people are extremely generous with their knowledge and their resources, if you’re lucky enough to find the genuine ones.

9. Let your money work for you in your sleep:

Investing is the Holy Grail in becoming a millionaire, and you should make more money off your investments than your work. If you don’t have surplus money, you won’t make investments.

vigo-lite_phase-4_inclusion_10x7-print_option-1-002_2_001.jpgInvesting is the only reason to do the other steps, and your money must work for you and do your heavy lifting, after you’ve laid the foundation, of course – done the heavy lifting first.

10. Shoot for $10 million, not N$1 million:

The single biggest financial mistake I’ve made was not thinking big enough.

I encourage you to go for more than a million. There is no shortage of money on this planet, let alone continent, only a shortage of people who think big enough.

Apply these 10 steps and they will make you wealthier than you were born. Steer clear of people who suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up, and, once you make it, be willing to help others get there too. In other words; send the elevator down.

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