There are a few steps to go through.
You need to start with an investment, which in this case is a business equity loan which I borrowed from my father-in-law. It’s quite straightforward to get this. You just need to know what you’re investing in, and that will be based on your personal wealth (how much of your salary do you think you have left?), or on the type of business you want to start (if you have ever done any business, you know what to look for). You also have to know how much you would need to borrow, especially if you’re thinking of investing as a business or as an investment, and this depends a bit on where you want to live (I can’t imagine that there would be enough space in most mansions for all my clients, so I might have to start a small venture in order to afford this), but there’s still nothing to worry about!
The second step is to set up and pay for your first business loan (I had a simple loan of €500, and also some small expenses), as you have to ensure there isn’t any debt outstanding in your next two to three years. It is also necessary to be able to pay for these expenses with your next home or rent. I had a business in my backyard, which wasn’t easy to buy, but once everything was lined up, the loan with my father-in-law allowed me to purchase what I needed (with the help of a local bank).
The three-steps to becoming rich (or at least a millionaire)
Now, I can understand that this kind of approach would be boring at first, as the investment you make is your salary, money for rent, and most of all, money to keep the business afloat. This is exactly what many people do, because it’s all about having as much money as possible. However, when you’re a beginner, this is all quite a lot of money. The more money you have (and the more money you spend), the fewer jobs you can do to sustain yourself.
The important thing to remember though is to have a plan for managing your money. For example, if you have a mortgage, you can set up a loan with both your bank and your lender. Even if you don’t meet a financial goal for a while, you will still be able to get back on track thanks to the money you’ve saved, which will mean that you don’t have to save a lot of money on
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