Grant Carden went from being debt-ridden at 21 to a self-made millionaire by 30.
An article published on the US website “Business Insider” by author Kathleen Elkins quotes Grant Carden as saying that the first step to becoming a millionaire is to focus on increasing income.
Carden said, “I used to earn no more than $3,000 a month, and nine years later, I’ve reached a monthly salary of nearly $20,000. Making money is easy to talk about but hard to do, but most people have their own choices.”
One way to earn more money is to increase personal income sources. Writer Thomas C. Corley found in a 5-year study of self-made millionaires that many of them had multiple income sources.
These additional sources of income include real estate rent, stock market investments, and equity stakes in side businesses. “The greater the number of your income sources, the greater your benefits,” Colley said.
Carden said that the only reason to save money should be for future investment. Put your funds into a safe and secure account, and do not use these accounts for any purpose, even in an emergency, because this will force you to continue increasing your income.
Investing is not as complicated or daunting as we think. The simplest starting point is to contribute to your retirement account and take full advantage of your company’s associated retirement benefit plan.
Increasing personal income sources is a way to make money [Reuters]
Entrepreneurship psychology expert Rafael Badziag said that all self-made billionaires are highly disciplined. He said, “The billionaires I interviewed represent the most disciplined people, who set high standards for themselves and those around them.”
After studying more than 500 millionaires, journalist and author Napoleon Hill discovered that they all shared a common key trait – decision-making ability.
Elkins said that Carden didn’t buy a private car and his first luxury watch until his business and investments generated multiple secure sources of income. Moreover, even after becoming a millionaire, he didn’t give up his Toyota Camry.
Carden emphasized that it is very important to be known for business ethics rather than purchasing luxury goods.
Many successful and wealthy people in modern times are very fond of reading. Take Warren Buffett as an example, he spends 80% of his working day reading.
Many modern wealthy people like to read [website]
Millionaire Steve Siebold explains, “Getting rich starts with your mindset and your ideas about making money. In the end, the secret is always the same, and that is ideas.”
He added, “Although everyone thinks getting rich is difficult, the rich know that making money is truly an internal job.”
The website states that the wealthy typically work for their own accounts and determine the amount of their own salaries.
In this regard, Seebold said that it is not that no one in the world works day and night to earn a salary, but in most cases, this is the slowest way to get rich, although it is advocated as the safest way, while those with skills know that starting their own business is the fastest way to get rich.
As the upper class continues to create their own businesses and accumulate wealth, ordinary people remain on fixed salaries, missing out on the opportunity to amass substantial wealth.
Seebold said that ordinary people maintain a life based on moderate economic income through moderate salaries and annual salary increases.
If you want to earn more money, you should have a clear goal, followed by a specific plan to achieve that goal. The money won’t appear on its own; it requires hard work to create.
In fact, the rich choose to dedicate themselves to achieving wealth, which requires focus, courage, knowledge, and a great deal of effort.
You must have a goal and a detailed plan to make money
The writer points out that millionaire Andrew Carnegie attributed his entire fortune to a principle, namely the Master Mind. This idea refers to surrounding oneself with a group of talented individuals who share one’s vision, because the combined intelligence and creativity of many minds are more powerful than that of a single mind.
And since we tend to become like the people we associate with, that’s why the rich tend to associate with other rich people like themselves.
Seabold explained that dealing with people more successful than you can broaden your horizons and increase your income.
The fact is that the rich and the middle class have different views on money, and communicating with them can bring many benefits.
10 – Achieve a profit exceeding 1 million
Carden said, “The biggest financial mistake I ever made was lacking ambition. I encourage everyone to aim for profits of over $1 million. There is no shortage of money on this planet, but there is a shortage of people with enough ambition.”
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10 Practical Steps for Building Wealth before Your 30s
2025-09-02T15:04:25
Grant Carden went from being debt-ridden at 21 to a self-made millionaire by 30.
An article published on the US website “Business Insider” by author Kathleen Elkins quotes Grant Carden as saying that the first step to becoming a millionaire is to focus on increasing income.
Carden said, “I used to earn no more than $3,000 a month, and nine years later, I’ve reached a monthly salary of nearly $20,000. Making money is easy to talk about but hard to do, but most people have their own choices.”
One way to earn more money is to increase personal income sources. Writer Thomas C. Corley found in a 5-year study of self-made millionaires that many of them had multiple income sources.
These additional sources of income include real estate rent, stock market investments, and equity stakes in side businesses. “The greater the number of your income sources, the greater your benefits,” Colley said.
Carden said that the only reason to save money should be for future investment. Put your funds into a safe and secure account, and do not use these accounts for any purpose, even in an emergency, because this will force you to continue increasing your income.
Investing is not as complicated or daunting as we think. The simplest starting point is to contribute to your retirement account and take full advantage of your company’s associated retirement benefit plan.
Increasing personal income sources is a way to make money [Reuters]
Entrepreneurship psychology expert Rafael Badziag said that all self-made billionaires are highly disciplined. He said, “The billionaires I interviewed represent the most disciplined people, who set high standards for themselves and those around them.”
After studying more than 500 millionaires, journalist and author Napoleon Hill discovered that they all shared a common key trait – decision-making ability.
Elkins said that Carden didn’t buy a private car and his first luxury watch until his business and investments generated multiple secure sources of income. Moreover, even after becoming a millionaire, he didn’t give up his Toyota Camry.
Carden emphasized that it is very important to be known for business ethics rather than purchasing luxury goods.
Many successful and wealthy people in modern times are very fond of reading. Take Warren Buffett as an example, he spends 80% of his working day reading.
Many modern wealthy people like to read [website]
Millionaire Steve Siebold explains, “Getting rich starts with your mindset and your ideas about making money. In the end, the secret is always the same, and that is ideas.”
He added, “Although everyone thinks getting rich is difficult, the rich know that making money is truly an internal job.”
The website states that the wealthy typically work for their own accounts and determine the amount of their own salaries.
In this regard, Seebold said that it is not that no one in the world works day and night to earn a salary, but in most cases, this is the slowest way to get rich, although it is advocated as the safest way, while those with skills know that starting their own business is the fastest way to get rich.
As the upper class continues to create their own businesses and accumulate wealth, ordinary people remain on fixed salaries, missing out on the opportunity to amass substantial wealth.
Seebold said that ordinary people maintain a life based on moderate economic income through moderate salaries and annual salary increases.
If you want to earn more money, you should have a clear goal, followed by a specific plan to achieve that goal. The money won’t appear on its own; it requires hard work to create.
In fact, the rich choose to dedicate themselves to achieving wealth, which requires focus, courage, knowledge, and a great deal of effort.
You must have a goal and a detailed plan to make money
The writer points out that millionaire Andrew Carnegie attributed his entire fortune to a principle, namely the Master Mind. This idea refers to surrounding oneself with a group of talented individuals who share one’s vision, because the combined intelligence and creativity of many minds are more powerful than that of a single mind.
And since we tend to become like the people we associate with, that’s why the rich tend to associate with other rich people like themselves.
Seabold explained that dealing with people more successful than you can broaden your horizons and increase your income.
The fact is that the rich and the middle class have different views on money, and communicating with them can bring many benefits.
10 – Achieve a profit exceeding 1 million
Carden said, “The biggest financial mistake I ever made was lacking ambition. I encourage everyone to aim for profits of over $1 million. There is no shortage of money on this planet, but there is a shortage of people with enough ambition.”