How To Be A Millionaire?

[Ryu_Ar1]

But here we also need to remember that seeing opportunities like Saylor did also requires a very large amount of capital so that he is at this point.
Although he is currently getting richer because of his activities by investing in bitcoin, it does not mean that he did not have the initial capital to develop opportunities because from the beginning the business was an important part so that he could get to where he is now.

It all boils down to having money first because when you have that then it's definitely a little easier than those who don't have money to develop and we can't forget this important factor from the start because of course it's good to be in bitcoin as an end goal but to gain momentum and be able to be at a point where you feel very financially sufficient (no need to be a billionaire) you certainly have to start having money first and that can only be done by working or doing business when you are not born from the golden spoon.

[FirmWars]

I read the title and I thought you were asking a question about how someone can become rich but the post is entirely different, if you wanted to talk about Saylor and Strategy being his company, you should have outlined that as the topic instead of making the topic look like a click bait. Ironically, are you saying that if anyone here wants to become a millionaire, they should adopt the ways of Michael Saylor? If that's what you mean, it's should have been made clear enough, Saylor didn't start investing on Bitcoin in 2025, anyone that wants to be like him must know the patients it requires to hold and continue buying more without taking profit. If you do that for 10 or 15 years, maybe you can because a millionaire considering the amount you invested too.

[Maslate]

Indeed Michael saylor is a smart dude for leveraging Microstrategy on bitcoin, however his ability to function as a while also has a significant impact in the market and that's what makes his strategy unique. But yet, that doesn't mean anyone can implement this strategy and it would work for them because there are sacrifices that Michael Saylor pays to get to that level and that includes higher risk tolerance like borrowing from banks to buy more bitcoin. Not everyone can do this due to the nature of their business or their accepted risk tolerance level. Since there are no certainty to where price can head to, it would be much preferable to use proper risk management and work within your risk tolerance.

Everyone can invest into bitcoin, but not everyone can expect to become a millionaire by just investing in bitcoin alone. Saylor is just privileged enough that he has a good business that could finance his bitcoin investment, but that could also mean a lot of risk that any time he may lose his first business due to losses he might experienced with bitcoin.

In order to be a millionaire, we need to diversify, and not just focus on bitcoin alone, but create more investment opportunities that could generate sustainable flow of income when that investment pays off and provide us life-changing income.

[aylabadia05]

<snip>

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.

We and everyone else can be Saylor in different ways but follow the same pattern. If Saylor buys regularly, we can do the same. The difference is that Saylor buys in large quantities, while we buy in small quantities or within our means.
This is because we also understand Bitcoin's potential as a future asset that can provide financial “assistance.”
Saylor is bold because he is aware of Bitcoin's potential in the future, and we are also not afraid to hold Bitcoin.

[Fuso.hp]

When we watch a motivational video, we feel like we will get serious from now on and set our life goals and then move forward according to that goal, but after a while we return to our previous position. How do we become a millionaire is a very simple question, but what to do to become a millionaire is very difficult. Yes, I myself believe that investing in Bitcoin is definitely the first step to becoming a millionaire, although to become a millionaire, the amount of investment must be high. We usually give examples of big companies in terms of investment, but our investment studies will not match the investment studies of these big companies because they have good financial support, while we do not have that much financial support. So we have to work hard and try to do something different along with investment, but then we can establish ourselves as millionaires.

[Cheema02]

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.

Your point about entrepreneurship is very realistic. As we know that to built a business is difficult task but its also difficult to sustain it. In business long term success bassed on consistency in quality and adaptation according to market. And people who follow adaptation according to demand instead of to resist it are seen to be most successful and its also built trust of customers on the merchant. Through innovations not only business man get benefit its also beneficial for societies. But in societies some people used an unethical way to get more profit from busimess, but this way gives a short term success and for long term success you should need to be honest and consistent and also adaptive to trend person and at the end we get sustainable success.

[icebar]

The way you gave the example of Michael Saylor is exceptional. If ordinary people like us want to do something in business or investment, then we have to start from small amount. We cannot be motivated by considering the current decisions of the richest peoples of the world. Because it took them many years to reach the position they are in today. We have to decide on any investment by considering our own financial capacity and risk-taking status. We should take time and invest with future plans before making any decision.

[fredericktaylor]

Indeed Michael saylor is a smart dude for leveraging Microstrategy on bitcoin, however his ability to function as a while also has a significant impact in the market and that's what makes his strategy unique. But yet, that doesn't mean anyone can implement this strategy and it would work for them because there are sacrifices that Michael Saylor pays to get to that level and that includes higher risk tolerance like borrowing from banks to buy more bitcoin. Not everyone can do this due to the nature of their business or their accepted risk tolerance level. Since there are no certainty to where price can head to, it would be much preferable to use proper risk management and work within your risk tolerance.

Everyone can invest into bitcoin, but not everyone can expect to become a millionaire by just investing in bitcoin alone. Saylor is just privileged enough that he has a good business that could finance his bitcoin investment, but that could also mean a lot of risk that any time he may lose his first business due to losses he might experienced with bitcoin.

In order to be a millionaire, we need to diversify, and not just focus on bitcoin alone, but create more investment opportunities that could generate sustainable flow of income when that investment pays off and provide us life-changing income.

It is true that anyone can invest in Bitcoin. It is independent for everyone, you can never become a millionaire by investing only in Bitcoin, it is not possible for everyone. You cannot become a millionaire by relying on one business. To become a millionaire, it is essential to have reliable, diversified earning stream. Becoming a millionaire by relying only on Bitcoin is challenging, it is very risky because the price of Bitcoin fluctuates rapidly, so when we want to become a millionaire by relying completely on Bitcoin, there will be a high possibility of losing money if the price of Bitcoin falls. The way Saylor invests money is never possible for other ordinary investors.

[slapper]

This is dangerous thinking.

Saylor manages a corporate treasury. Do you actually know what that means really in practice? He can issue convertible bonds, he can take advantage of the company's existing cash flow, he can borrow against assets at institutional rates. None of that applies to you.

This notion that he "found" some profitable asset like it's some kind of insight? Everyone knew about bitcoin. "Knowledge wasn't the difference it was position and access." He was able to make a bet that size, because of where he sat in the system, not because he was smarter than everybody else.

You're trying to take the strategy but you don't have the structure.

The real lesson is a lesson on what tools you actually have access to and using those. For most that's not corporate debt and treasury management. It's Income, skills, time, network. But start there rather than trying to jump to the end.

[Powerjumboo]

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.

The step that Michael Saylor has taken is a very suitable step for him. Due to this step, he is going further and his wealth is increasing. In fact, one thing is that when someone has a lot of money, if he can use that money in a good place and wisely, then he can achieve something good in life. But when you start from zero, you have to work a lot and be lucky. You cannot become a millionaire in an instant even if you want to. Moreover, it is not possible to become a millionaire very easily and very quickly from business, but it is possible to become a millionaire through investment.

[Ziskinberg]

No business minded person that will find satisfaction in just a single business or investment, as much as possible he will apply the idea of diversification once the initial business has been creating a progress. And bitcoin is just a perfect additional investment with highly profitable future profits.

However, Saylor's bold movements is not just showcasing how he's very optimistic about bitcoin, but his moves and decisions also teach us that there is no limits when it comes to having an ideal and profitable investment. Just like bitcoin, the future may be uncertain, but the profit opportunities also come limitless and endless.

[Ndabagi01]

As a wise business man that he is, he will always be looking for means to expand his business and make more money. He has been able to drive into the recent innovations that will help propel his business and this is what has really made him invest big in Bitcoin and continues to take advantage of the situation in the market to have more holdings in Bitcoin. Bitcoin will continue to be a dependable assets because no big company and businessman like Micheal Saylor will continue to invest heavily in it if there is no probable future in the asset.

[serjent05]

As a wise business man that he is, he will always be looking for means to expand his business and make more money. He has been able to drive into the recent innovations that will help propel his business and this is what has really made him invest big in Bitcoin and continues to take advantage of the situation in the market to have more holdings in Bitcoin. Bitcoin will continue to be a dependable assets because no big company and businessman like Micheal Saylor will continue to invest heavily in it if there is no probable future in the asset.

I am sure, aside from accumulating Bitcoin, he is also diversifying into other investments and business ventures.  It is common for smart businessmen to have 2 or more investments or business ventures to ensure that their financial flows to earn more is well established.

About Bitcoin, as long as it keeps on uptrending, no matter how it fluctuates, it will always be the most dependable asset and investment.

[tygeade]

Guess how Saylor became rich? Because if that is the question he did so by building a great company, and I am sure he had some capital to work with even before that. In any case, if anyone wants to be a millionaire, there are more ways to be a millionaire than the millionaires in the world, so there is no set of pre-determined way of doing it, you do what you do and you become one, do not assume anything can't be millionaire, anyone can be.

For current times, bitcoin could be an easier way to make 10x of your money. Not sure but if you are ready to remain patience, you may achieve. There are plenty of chances for bitcoin to test $1m level from the current levels of below $100k. So, if you have 100k right now, you may choose bitcoin for becoming millionaire in 2026 or before 2030, there chances are very bright given that there wouldn't any significant regulation from your government.

[Mame89]

<snip>

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.

We and everyone else can be Saylor in different ways but follow the same pattern. If Saylor buys regularly, we can do the same. The difference is that Saylor buys in large quantities, while we buy in small quantities or within our means.
This is because we also understand Bitcoin's potential as a future asset that can provide financial “assistance.”
Saylor is bold because he is aware of Bitcoin's potential in the future, and we are also not afraid to hold Bitcoin.

If we want to become millionaires, we must have the same motivation as those who have previously succeeded in investing in Bitcoin, even though our patterns are different as you mentioned. However if we understand Bitcoin's future potential and have confidence in it, it is one path to financial freedom.

To avoid fear we must study Bitcoin in depth so that even if it declines we can maintain our long-term commitment. Even if we don't have a large capital like Saylor, if we continue to strive and work hard especially by earning additional income it will give you the opportunity to buy more Bitcoin. One of the factors in becoming a millionaire is determination, hard work, and consistency in achieving your goals.

[Obulis]

I guess Michael saylor did all lot of borrowing from the bank using his already existing business as the back up. There are different risk tolerance and different level of businesses. What Michael saylor did is of course an extreme risk level that even when you have what it takes to take such risk mindfully, the resources per capital might not be available. The borrowing Michael saylor did is another way of saying that many people needs another source of income to take fully all the advantages that Bitcoin can offer now and in future.

[Mate2237]

OP I was thinking you wants to give tips on how to become a millionaire when I first saw the title of your thread. But  going through it you're actually talking about Bitcoin. What you have to know is that, Saylor was already a billionaire when he ventured into crypto this is because he has over time seen the potentials that Bitcoin holds. That accumulating it has a lot of advantage when it comes to wealth creation, Bitcoin can help anyone who is truly committed to building a sustainable wealth pattern achieve his goals.


We should always be open minded when it comes to life because, there's a great lesson to learn from Michael saylor people are only looking at his Bitcoin holdings. What most people are not looking is his ability to put in millions of dollars into Bitcoin he was open minded. many people will do that considering the unstable nature of Bitcoin.

[bhadz]

I guess Michael saylor did all lot of borrowing from the bank using his already existing business as the back up. There are different risk tolerance and different level of businesses.

AFAIK, before his able to get onto this point him and his company was struggling but it's a good bet and decision he's made and Bitcoin uplifted his company and profits have come.

What Michael saylor did is of course an extreme risk level that even when you have what it takes to take such risk mindfully, the resources per capital might not be available. The borrowing Michael saylor did is another way of saying that many people needs another source of income to take fully all the advantages that Bitcoin can offer now and in future.

He has leveraged people's money but in return, a good decision is able to pay all of it worth it. Someone who's got little asset and can't guarantee anything won't be able to copy how he's able to do it. But on as an individual, we can do this based on how much we've got and we're willing to lose.

[Josefjix]

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.

Inheritance is another example, but not lottery. I can't push lottery winner as a millionaire even if he wins millions. The reasons is because the money is never consistent, winning millions off gambling is not millionaire step, inherited investment where returns aren't millions monthly or daily isn't is too a well.

Who I truly call millionaires are those that has a source that generate millions periodically, either daily, weekly or monthly. Hitting millions at once and never got to receive it again is said to own millions and never be millionaire.

[Kelvinid]

Saylor is already a millionaire from his initial business Strategy before he decided to invest in bitcoin, so it won't be too hard for him to expand his investment and wealth accumulation because he has already established funds to finance bitcoin. Unlike other beginners in bitcoin, they started from scratch and create slow progress until they'll gain massive profits from bitcoin.

However, we should not forget that there are also people who really do well on their investments, yet they still lose in the end. Maybe they just happened to invest in the wrong asset, or they are just not as good as successful investors are, and that investing is not in their fate.