Think of a number. Then write it down on a piece of paper.
This is the number is your goal or dollar amount you want.
When investing, a great way is to set goals and mile markers that will help to benchmark your progress. Start with one and go to ten… ten million that is. On that same piece of paper that your wrote your number on, write the number 1 million and all the way down the list to 10 million. Each million is a goal you can aim for, this is your mile marker or benchmark, your goals.
In investing, strive to reach the first million, then for the second million, then third and so on. Once you have reached 10 million in investments, you can save this as your first 10 million. How many “10 millions” do you want? When you reach 10 million, you can start over making 1 million. So when you make the 1 million again, you now have 11 million in investments. When you reach your second 10 million, you would have invested 20 million dollars. Repeat this as many times as you want. Then, achieving your number may be possible.
Heres the catch, you may be tempted to spend that 1 million dollars when you get to that number, but, if you start from one to ten, you can have self-control not to spend that money.
An easy way to get started towards your first million is to begin with one, 1 dollar. Then, invest a second dollar, then a third and so on. Repeat this as many times as you want. When you reach 10 dollars, start over at one. It looks like this:
$1 million (or $11 million in investments)
$2 million (or $12 million in investments)
$3 million (or $13 million in investments)
One to Ten. A good number.