How To Be A Millionaire?

[Berry2d]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

Indeed bitcoin investment is a life changing investment that skyrockets a man's life in an unpredictable manner with no much time required or enough energy but strategy, some that never knew the importance of bitcoin finds it difficult to get involved because the belief in the uncertainty in the price of bitcoin. I see no reason blaming them because this same life changing investment can still stands as once greatest enemy if one runs out of favour but its good to get involved with what we can lose because anything can happen at any time in the croptoworld

[bangjoe]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

If you know the history, Saylor once rejected bitcoin before he believed that bitcoin could make a difference to his company or create profits, so this statement doesn't fit him, there are opinions that are more worthy of this expression, and Saylor was already a billionaire before, if I'm not mistaken, he only accelerated his growth with bitcoin, which made his wealth increase.
Business is very important if you want to achieve it. Assets will only help you to maintain the value of the money you earn. What happened to Bitcoin is likely to never happen again throughout human history in the future.

[pawanjain]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

Michael Saylor sure has some guts to invest his companies profits into bitcoin and keeping on doing that for a long time.
He has even borrowed money to invest in bitcoin which has made him good amount of profits, although borrowing is not recommended in crypto.
He was able to invest so much into bitcoin because he believed in bitcoin and besides that not everyone has the same opportunities as he got.
One needs a good running business and a strong conviction in bitcoin to be able to pull off such a thing.
For salaried people, this is not possible because they get a fixed income and can invest only a limited amount every month/year.

[7juju]

Come on when I saw this thread I was hoping you were coming to tell us how to become a millionaire because I was interested in becoming one myself. I didn't know you were just coming to tell us the story of Michael Saylor whom we are well conversant with. How does telling us about Michael Saylor and his company makes one a millionaire? I was thinking you have developed a business model that you want your audience to benefit from that has the potential of turning us into millionaires. Michael Saylor is a popular name in the bitcoin industry telling us about him again won't make us millionaires.

[Roseline492]

Saylor's technique is strategy on how to stay a millionaire not become a millionaire. Michael Saylor was already a millionaire before MSTR began investing in Bitcoin. He maintained the prospect of being a millionaire by influencing the Bitcoin market, with little regulation due to the buy and sell. If MSTR do not have such money in their custody, they wouldn't be able to influence the market much. Now if MSTR announce a massive sell, you will see the impacts in minutes. What I have learn here is that, capital is a great tool to remain a millionaire.

Op is one of the persons who thinks that anybody who have investment in Bitcoin became rich because of that investment because that's what he conceived about Saylor, so he thinks anybody who also invest in Bitcoin is going to become a millionaire as the man, he only see the Bitcoin aspects of Saylor but did not read whom he was before he invested the money in Bitcoin, although we cannot say Bitcoin did not make him more richer because so long as his investment gave him millions is added to his wealth. Is true because with millions capital something is guarantee in Bitcoin from a long time perspective.

[DaNNy001]

Come on when I saw this thread I was hoping you were coming to tell us how to become a millionaire because I was interested in becoming one myself. I didn't know you were just coming to tell us the story of Michael Saylor whom we are well conversant with. How does telling us about Michael Saylor and his company makes one a millionaire? I was thinking you have developed a business model that you want your audience to benefit from that has the potential of turning us into millionaires. Michael Saylor is a popular name in the bitcoin industry telling us about him again won't make us millionaires.

Lol, so you actually think things like this work the way they are address? How would a millionaire come and tell you how to become a millionaire. For me I believe if you want to be a millionaire then you already know what and what to do, just develop a skill set or service that people would be needing despite the odds and then use that leverage to work on growing your asset because that's the next thing you should when the cash flow starts coming. But anyways easier said than done.

[passwordnow]

While OP said the natural way of becoming successful through assets and investments. But don't forget that there are other ways.
1. Inheritance.
2. Winning the lottery.
Welp, these two are the unusual ones but there are lucky people that hits the lottery and the jackpots and how they become rich.
And lucky are those who inherit riches from their parents that have worked hard to accumulate the assets and money they'll receive.

[Alpha Marine]

Michael Saylor was already a billionaire before Bitcoin was created in 2009. He was the CEO of MicroStrategy for about 30 years from its inception. He saw the company survive the dotcom bubble burst in the early 2000s. He only stepped down as CEO in 2022 to be the executive chairman and focus on the company's bitcoin strategy.
Bitcoin did not make him a millionaire, so I don't understand the message you're trying to pass by saying "how to be a millionaire".

You can take inspiration from Michael Saylor as a millionaire who recognised the potential of Bitcoin, but saying that is the way to become a millionaire is laughable. Only a millionaire can afford the amount of Bitcoin Michael Saylor bought.

[uneng]

The hardest side of running a business is to make its maintenance. To maintain service's quality and relevance, to adapt it to the current demands of the market, to transform it when necessary in order to survive. Businessmen who are able to do that are very likely to succeed on long run, despite crisis, social and technological changes which are inevitable. As money keeps coming in, at some point the businessman will become a millionaire, while adding value to society.

At least, that is the right way when doing business, although we know there are businessmen who go through shady routes in order to achieve quick wealth and status.

[SUPERSAIAN]

Saylor is a savvy investor who sees opportunities and dares to take risks on opportunities that he believes will make him smile.
From Saylor, we can learn how to be careful in seeing opportunities and how to act without hesitation even when surrounded by dismissive opinions.
Not only Saylor, but there are also examples of people I know who now have wealth from owning Bitcoin since 2012. But don't be mistaken in viewing Bitcoin as a way to get rich quick.

Everyone's talking about him because he's a good investor. He's a really smart guy. He's been investing in Bitcoin for years, taking out loans, and he continues to do so. He's convinced he's found the right asset and decided to shift all his investment there. We can already predict where his company will be in a few years. We are small investors, and we should actually be taking Saylor's example.

[8rch7]

Understand well about your opinion how to be a millionaire based on your comparison with Michael Saylor as to most successful businessman, indeed he has top business but still looking the opportunity by investing in bitcoin and grow up his assets. I think its the way how to be millionaire if you have top business and growing faster you still need another source income to make your assets get faster growing up by investing in cryptocurrency, stock or invest at any project with wide possibility to earn much profit.

Have many top billionaire but their assets not only focus for one business and keep investing in bitcoin or other investment has bigger chance to earn profit, if I were great businessman, maybe my investment choice would still be bitcoin.

[BitBakerr1]

Life doesn’t stop at just creating business.

Michael was able to become a millionaire from creating a business, but not everyone will be able to become a millionaire from business because business is not for everyone.

I don’t agree with you, business is for everyone I think the only thing you should say is that is not every business that will Favour Mr A will Favour Mr B This means that a particular person may be doing a particular business and it will be going well for him or her and you may do it and it won’t Favour you, everyone should just fine a business one can do very well because not all business is for everyone. If one business doesn’t favour you try another business. Some people when they try a particular business and is not working they will give up which is not good at all when one business those not work out try another one.

[Rabata]

To become a millionaire, you don't have to only focus on money, I think an investor should also know how and where to invest. If he is not able to move forward with such an investment, then he will never be able to implement his goal. Michael Saylor, he gave priority to Bitcoin, he was able to guess that investing in Bitcoin would be the future. He would succeed from here and he had faith and confidence in it, which is why he is in a position today that is not possible for anyone to do. Not everyone can be Michael Saylor, but if there is effort, then it is definitely possible to move forward from his position. In order to become a millionaire, a person has to move forward in a planned way. If someone wants to become a millionaire by investing in Bitcoin, then that is also possible, but he has to invest accordingly and try to maintain it.

[mindrust]

Michael Saylor is not a good example. He was rich nearly 30 years ago during the dotcom bubble. He is probably a trust fund baby or something like that. His parent were probably rich af at the very least. In other words, he didn't make his million from nothing. He had his silver spoon in his mouth when he was born.

If you want to become a millionaire and your last name isn't "Saylor" your chances of becoming one still exists but it takes serious planning and hard work. You should definitely start a business, do not try to get a job. Do not become an employee. If you want to live with less stress, know when to work, when to relax, that's fine. Wage jobs are good for those. If you want to get rich, these ain't gonna work.

[Fortify]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Saylor continues to buy more bitcoin. This is not saying to drop everything and put all your money into bitcoin. But what made Saylor a smart man is that he was able to find what would be a potential profitable asset and used his existing business to build his wealth. Life doesn’t stop at just creating business. You need it to grow and you need to find other assets to supply the company and make it grow even more.

It sounds like an insurmountable task when you're in your teens, potentially in debt through a bit of reckless spending and you do really need to get out of the minimum wage bracket to have a chance at success - but it is doable for most people, at least in Western countries. You need to find some kind of skilled profession and then learn how to live within your means while also investing wisely. Wisely does not necessarily mean chasing 100%+ returns per year because that can just as easily blow up in your face. It just means a slow and steady approach while also getting on the property ladder. There are a lot of the boomer generation who are millionaires now through property and saving over many decades, along with various pension plans. It's not unachievable but it does take a lifetime for most to get there.

[Somto9Light]

Op! what you're saying here is different from the topic, your topic is talking about how to be a millionaire so I was actually expecting you to give us some tips on how we can become a millionaire but you didn't say anything in that regard. Just so you know Micheal saylor is already a millionaire before he started investing in bitcoin so don't think it is through bitcoin investment that he became a millionaire, you would have look for a different person when referring to people that become millionaire through bitcoin investment because saylor doesn't fit the position, he's already a millionaire before he started his bitcoin investment or maybe you didn't know about that.

[JoyMarsha]

OP, I hope you aware that those who we call millionaires today, all of them didn't invest in Bitcoin. They had different businesses and had invested in different things. What makes them stand out in most of the things they do is that they see the future in what they invest in, have a long-term goal, and they get into those things earlier than most average people do. The other thing is that, they take a calculated risk.

If you reasoned what I stated above, Michael Saylor did what is not different from what those who will call millionaires today did. They saw a good opportunity in something, they utilize it to their advantage to join it their running business

[Stablexcoin]

Michael Saylor is a very popular character in the crypto industry. He has turned his company, Strategy, into what is now one of the biggest holders of bitcoin. Saylor’s bold moves made Strategy’s shares skyrocket as bitcoin rallied. His initial business wasn’t associated with crypto but now it’s probably its biggest asset.

Your topic is trying to teach us how to copy Saylor, there are many ways of becoming a millionaire, rather billionaire, we don't have to be a copy of Saylor, with many available options, one can change into a millionaire, also acceptable to copy some quality and decisions that made him who he is today.

In essence, believing that Bitcoin is profitable, Saylor will not be holding very large portions of Bitcoin if he doesn't believe in the future. Investors who won't bbelzelittle the current price of the coin and invest massively, might turn millionaires from the profits Bitcoin returns after a long time.

[acener]

When I saw the title I thought that this is a thread about giving tips on How to be a Millionaire instead it was just a thread to recognize Michael Saylor.
Not everyone is cut to be a businessman, not everyone could take the risk on investing everything that they got.
But I do get your point on buying or keep on investing in crypto, it might be a way to be a millionaire someday but only if you could hold it and if the price continue to climb up.

[Hypnosis00]

It takes a smart and wise mindset to become a future millionaire. And just like Saylor, being fearless and sometimes greedy can turn as your assets towards the success of your investment. However, Saylor has already build his business prior to bitcoin accumulation, and he just make use of that privilege to easily accumulate bitcoin despite of the high volatility that bitcoin experienced from time to time.

Not everyone has the opportunity to become a millionaire, but if you don't limit yourself from attaining success in every business or investment you desire, surely the path to become a millionaire is clear as a crystal ball.