Every self-made millionaire has a different story of how they amassed a net worth that lets them bear the title.
Some live frugally or invest aggressively, while others start companies of their own that take off and make them rich. But each success story usually has at least one piece of advice that’s applicable to people at any point in their financial journey.
Here are money tips from five different self-made millionaires that you can use to help meet your own financial goals.
1. Put yourself first
Grinding hard at your job or negotiating a bigger salary can be pathways to success, but self-made millionaire Jasmine McCall hit it big by putting herself first and becoming her own boss.
The 32-year-old entrepreneur and founder of PayBump earns $143,000 a month in passive income through digital product sales and YouTube ad revenue — the latter of which took off because she wasn’t afraid to share her truth, she says.
“I believe the success of my videos comes from me being vulnerable with my audience,” McCall previously wrote for CNBC Make It.
Prior to focusing on her own businesses, McCall was earning six figures as a recruiter for Amazon. The salary was nice, but she wasn’t able to achieve the work-life balance she truly desired as a new mom. She put work above everything and says she felt guilty when she had to take time off to care for herself or her family.
Now, not only is her monthly passive income higher than her annual salary was at Amazon, but she’s able to work just 10 hours a week. “I spend the rest of my time focusing on taking care of my health, playing with my son, going on dates with [my husband] Jay and visiting my parents,” she wrote.
2. Stop trying to multitask
Money coach Bernadette Joy is no stranger to big financial challenges: She and her partner paid off $300,000 in debt in three years. One of the keys to their success was focusing pretty exclusively on paying down that debt.
Now she encourages others to do the same — get rid of all your debt…
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