# How do you go from $0 to $1M? By [andywan](https://paragraph.com/@andywan) · 2022-02-02 --- [https://twitter.com/SteveOnSpeed/status/1488520033181605894](https://twitter.com/SteveOnSpeed/status/1488520033181605894) How do you go from $0 to $1M? This thread goes over 20 tactics I’ve learned from studying hundreds of millionaires. 1: Happy people attract wealth. Happy people are easy to be around. Easy to love. Easy to support. Happy people are magnets for wealth. Most wealthy people aren't happy because they are wealthy. They are wealthy because they are happy. 2: Get a marketable degree Not all degrees are created equal. And no, you don't NEED to major in computer science to make your degree pay off. Pick a major that matches with your strength. * Electrical engineering * Statistics * Marketing * Architecture * Biomedical 3: Network in college My network was the #1 reason I made 6-figures in my 20s (this was 15 years ago). College isn't just for the classroom. Use it to start building a money-making network of friends and colleagues. It WILL pay off. 4: Switch jobs every three to four years Every time I moved to another company, I got a 15 to 20% raise. Don't count on cost-of-living raises to increase your salary. That's the worst way to boost income. 5: Set goals Without a target, we are aimless. And, we'll have no idea if we’ve hit it. Tangible goals are the stepping stones to $1M. No goals? No wealth. 6: Invest 20% of your income From your very first job, invest at least 20% of your income. Get used to it. Make it a habit. If your company has a 401(k), use it. If they match, contribute to get the max. Your 9 to 5 job offers a TON of opportunities to build serious wealth. 7: Invest, don't trade Long-term investing is boring. No daily trading. No constant buying and selling. The best investment moves are yawn-inducing. They help position great investors to exploit compound interest over decades, not days or months. 8: Embrace risk Successful people take risks, period. Investments Businesses Inventions New paths Moving Playing it safe doesn't breed success. 9: Embrace the index Index-funds outperform the majority of actively managed mutual funds. They aren't exciting, but they work. Millions of investors build consistent wealth through the power of index investing. 10: Understand price vs. value. Most people don't look beyond the price of stock. Experienced investors focus on value instead. “Price is what you pay. Value is what you get,” Warren Buffett once said. High quality companies offer value that prices don't always match. 11: Trust yourself Successful people rely on themselves to: Solve problems Acquire wisdom Build opportunities Your mind is your best resource. Use it. 12: Ignore the news Most news is noise, and this is true with money news. By the time it makes the news, genuine money-making opportunities have long past. Great investors ignore most financial news. 13: Shrink your circle of friends Great investors know trustworthy sources. They are naturally untrustful of people they don't know. Most advice we get is bad (or not tailored for you). Most millionaires keep their partners and friends limited to only the best. 14: Learn to prioritize How successful people prioritize: They produce before they consume Their health is more important than money Their time is more precious than fame Successful people know what's important. They go after it, protect it, and nurture it. 15: Diversify Wealthy investors never go "all in" on any one business or type of investment. Yes, this includes crypto. They also avoid over-diversification. Millionaires invest heavily in great opportunities because great opportunities don't always come around. 16: Produce Consumers spend money. Watch TV. Play video games. Producers make money. They write They create They build Riches are attracted to those who produce. 17: Wealth is not meaningful without health. Money can buy medication, but it can’t buy a healthy lifestyle. Smart millionaires don't sacrifice health to obtain wealth. 18: Be patient Unsuccessful people quit too early (and too often). But, "Never give up" is bad advice. Success lies somewhere in the middle. Millionaires \*know\* when to quit. Patience is a virtue that makes success possible. 19: Code of ethics Most millionaires live and die by their code of ethics. They people: Sleep well at night, and Listen to their conscience This is the recipe for $1M+. 20: Positivity Millionaires are relentlessly positive. They expect things to go right, and more times than not, they do. The Placebo Effect works. Join Crypto ！Join Crypto ！Join Crypto ！ --- *Originally published on [andywan](https://paragraph.com/@andywan/how-do-you-go-from-0-to-1m)*