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  • How Millennials Can Become Millionaires

    Earn Money photo from ShutterstockContrary to popular belief, it’s not the amount of student debt, choice of college major or even past interview failures that prevent many recent graduates from achieving wealth.

    Rather, it’s the habits one forms, the beliefs they hold to be true, as well as their ability to keep an open mind and strict focus.

    Pulling that all together is not easy, but it’s doable. For millennials, hitting the million dollar mark has several key components which when combined can result in a truly successful, lucrative career.

    Four Key Factors

    In order for a young professional to achieve success, four factors must be present.

    a. The Right State of Mind

    b. Intelligent Decision Making

    c. Continuous Learning and Personal Growth

    d. Sense of Purpose

    A. The Right State of Mind

    It is a conscious decision to succeed despite student loans, steeply competitive job markets, GPA dings from your lost sophomore year, or low starting salaries.

    It starts with a belief that you are the master of your own fate coupled with an unrelenting desire to make a place for yourself regardless of the difficulties that need to be surmounted.

    Wealth is a philosophy that spurs creativity, encourages sound decision making and allows for the obtainment of firm goals which in turn feeds success.

    B. Intelligent Decision Making

    When choosing a job, one should take great care to select an employer or work with a headhunter who will be inspiring, and who is, himself or herself, intelligent and successful.

    Remember: intelligent decision making begins with either starting the right business or joining a progressive organization that breeds leaders and provides the ability to succeed.

    Moreover, it involves choosing a vocation that one is passionate about and can become an expert in.

    C. Continuous Learning and Personal Growth

    Education consists not so much of knowledge, but of knowledge effectively and persistently applied.

    In today’s global economy, a college degree is average. Unfortunately, many millennials stop their education once they obtain their degree.

    Realistically, it takes more than finishing school to make one a person of education.

    Experience has proven that the best educated people are often those who are known as “self-made,” or self-educated.

    D. Sense of Purpose

    Become determined with a definitive purpose. There is no hope of success for the person who does not have a central purpose, or definite goal at which to aim.

    Motivation without a sense a purpose is a mere fraction of the professional drive acquired by those who have firm goals.

    When your brain detects a discrepancy between where you want to be and where you currently stand, it reacts by throwing resources at it: attention, effort, deeper processing of information, and willpower. Being able to detect such a discrepancy only starts with a sense of focus and purpose.

    In the End

    Wealth is not accumulated through indifference, laziness or lack of ambition.

    Rather, monetary success starts with a belief that you are the master of your own fate coupled with a unrelenting desire to make a place for yourself regardless of the difficulties that need to be surmounted. From there, the rest falls into place.

    Ken Sundheim is the CEO of KAS Placement Sales and Marketing Recruiters, a sales and marketing recruiting firm specializing in staffing business development and marketing professionals around the U.S. Ken has been published in Forbes, Chicago Tribune, AOL, Business Insider, Ere.net, Recruiter.com, Huffington Post and many others. He has also appeared on MTV, Fox Business News and spoken at some of the country's leading business schools on HR, job search and recruitment.

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    Posted in entrepreneurship, Personal Branding, Skill Development, Workplace Success
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