Eight things to do in your 20s to become millionaire by 30

1. Focus on earning “ In today ’s economic environment you cannot save your way to millionaire status ,” writes Grant Cardone , who went from broke and in debt at 21 to self- made millionaire by 30 . “ The first step is to focus on increasing your income in increments and repeating that. 2. Develop multiple streams of income One way to earn more is to increase your streams of income. In author Thomas C. Corley’s five - year study of self- made millionaires , he found that many of them develop multiple streams of income: 65 % had three streams , 45 % had four streams , and 29 % had five or more streams . 3. Save to invest , don’ t save to save Writes Cardone : “ 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 . 4. Don’t show off — show up “ I didn ’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income, ” writes Cardone. “ I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic , not the trinkets that you buy .” 5. Change your mindset about money “ Getting rich begins with the way you think and what you believe about making money ,” self- made millionaire Steve Siebold explains . At the end of the day, “ The secret has always been the same: thinking ,” he emphasizes. While the masses believe becoming wealthy is out of their control, rich people know that making money is really an inside job . ” 6. Invest in yourself “ The safest investment I ’ve ever made is in my future, ” writes Tucker Hughes, who became a millionaire at 22 . “ Read at least 30 minutes a day, listen to relevant podcasts while driving and seek out mentors vigorously . 7. Set goals and visualize achieving them If you want to make more money , you have to have a clear goal and then a specific plan for how to achieve that goal . Money won ’t just appear — you have to work at it. 8. Hang out with people you admire Andrew Carnegie, who started with nothing before becoming the richest man in the US , credits all of his riches to one principle : the Master Mind . The idea is to surround yourself with talented people who share your vision, because the alignment of several smart and creative minds is exponentially more powerful than just one.