This archive report was first published on 12 December 2019.
December 12, 2019, marked a significant milestone for many aspiring millionaires in Kenya. With the right mindset and strategy, it's possible to achieve financial freedom by age 40.
Chris Kirubi, a renowned Kenyan billionaire, once shared his 11 ways to get wealthy. One of the key takeaways is the importance of increasing income in increments and repeating that process.
10 Steps to Becoming a Multi-Millionaire by Age 40 ¶
Here are the 10 steps that will guarantee you will become a multi-millionaire by 40:
- Focus on increasing your income in increments and repeating that process.
- Don't show off your wealth; instead, focus on building a strong work ethic.
- Save to invest, not to save for the sake of saving.
- Avoid debt that doesn't pay you; rich people use debt to leverage investments and grow cash flows.
- Treat money like a jealous lover and make it a priority.
- Money doesn't sleep, so you shouldn't either; outwork everyone to achieve financial freedom.
- Eliminate any ideas that being poor is somehow okay.
- Invest in secured, sacred accounts to force yourself to continue increasing your income.
- Use debt to leverage investments and grow cash flows.
- Make financial freedom a priority and outwork everyone to achieve it.
As Bill Gates once said, 'If you're born poor, it's not your mistake. But if you die poor, it is your mistake.'
