If You Have Stock, Sell Half and Keep Half<\/strong><\/h2>\n\n\n\nSmart tech millionaires have this smart trick that ensures they don\u2019t keep all their eggs in one basket. Many have around one million dollars worth of their company\u2019s stock.<\/p>\n\n\n\n
If you were in their place, you may be tempted to sell the stock and enjoy the temporary riches. However, what if in the next year or so, the stock actually doubles? You\u2019ll be left with bitter regret that if you had waited a little longer, you wouldn\u2019t have missed out on millions of dollars.<\/p>\n\n\n\n
But<\/em>, on the other hand, a completely different scenario can take place. What if you hang on to the stock for too long and the company fails? You\u2019ll be left with a different regret: not cashing out and getting your money’s worth when you could.<\/p>\n\n\n\nThis contingency plan will have your back either way. If you find yourself rich in stock, sell half of it and keep the rest. If the company tanks, you\u2019ll have something to fall back on. If it beats the odds, you\u2019ll benefit.<\/p>\n\n\n\n
Spend Intentionally<\/strong><\/h2>\n\n\n\nDid you know that some millionaires, even though they\u2019re technically millionaires, don\u2019t consider themselves that way? Some see that as long as they have expenses that make it too high a price to afford an indulgent lifestyle, it\u2019s best to live a humble life.<\/p>\n\n\n\n
Silicon Valley is notorious for the extravagant lifestyles it encourages, the high-cost rent prices of its homes, and the number of flashy cars driving around its streets.<\/p>\n\n\n\n
However, on your journey to become certifiably rich, it\u2019s important to know where you should put your money. In other words, spend intentionally.<\/p>\n\n\n\n
Millionaire experts advise soon-to-be millionaires to keep a budget. This budget will help you keep track of your progress, of how much you spend, and where you should spend it. In the present, your ultimate goal should be to spend intentionally while minimizing costs as much as possible. Financial advisor and president at Sierra Ocean advises people to <\/p>\n\n\n\n
\n\u201cravenously find ways to limit your lifestyle costs and save 25% of your income.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Have A Side Hustle<\/strong><\/h2>\n\n\n\nA lot of Silicon Valley was built on side hustles, believe it or not. The fastest way to get rich is to, again, not put all your eggs in one basket.<\/p>\n\n\n\n
If you can spare the extra time, find any kind of side hustle you can work on for a few hours every week. Some take up two to three side hustles to truly see a difference. Before you know it, your income will increase dramatically, especially if you save as much of that income as you can.<\/p>\n\n\n\n
Become a Dreamer<\/strong><\/h2>\n\n\n\nYes, being a dreamer is one of the fastest ways to become rich! Who says? Only the likes of Bill Gates, Jeff Bezos, and Mark Zuckerberg. Being a dreamer is a rewarding path towards millionaire-dom. Including the billionaires just mentioned, around seven of the world\u2019s top ten wealthiest people built their own companies based on following their dreams.<\/p>\n\n\n\n
It\u2019s true. Following a dreamer\u2019s path may not always pan out, and it may be one of the more riskier and stressful paths to take, but that just makes it all the more worth it when you find yourself benefiting from your passion. Your dream turns into your everyday life.<\/p>\n\n\n\n