How to Become a Self-Made Millionaire with No Money (2024)

The world is full of people who complain just about everything but do nothing. Yet they wonder how to become a millionaire with no money.

A lot is wrong about this mindset. Let me tell you what exactly.

For a start, you need to let go of blaming others for what you don’t have. And need to immediately start taking responsibility for anything that happens and doesn’t happen to you.

It’s what all self-made millionaires are doing, and something you can’t just skip if you want to change.

The transformation happens on the inside first. And this responsibility thing will make all the difference.

Next, average people think you need a million dollars to actually live like a millionaire. Well, that’s not true. You need the lifestyle, not the money.

Because if you have the money but lack the time and organization to spend it right, you simply won’t be able to do anything with it and will be miserable.

What’s more, you won’t be able to sleep as managing money is often harder than earning it. The net worth of a millionaire might not be for you, but the mindset and lifestyle might be. And that’s what you should go after.

The Internet is full of inspiring self-made millionaire stories.

Most people, however, just don’t really read these and try to extract the lessons. Because if they did – if they set aside tens of hours to read biographies of great leaders and success stories of Fortune 500 companies – they’d see some important underlying principles of accumulating wealth.

They would understand the steps to becoming wealthy, the way of thinking that requires, and what exactly can go wrong so they can avoid it on their journey.

The information is out there. Most big publications have shared it with the world for free.

All it takes it to create a site and start blogging to build an audience and monetize it.

If you’re interested in starting your own blog, I created a FREE course that walks you through the steps.

How to Become a Self-Made Millionaire with No Money (2)

In fact, to know how to become a millionaire with no money, you can simply dedicate a month of your life to self-education.

You can learn all about starting an online business on the side and the possible ways to earn passive income. Then you can make a 1-year plan on how to earn your first money online, turn it into a steady income, and leave your job.

Then you can manage your finances like a boss, which is one of the top habits of millionaires. After all, wealth accumulation is all about earning more, spending less, and saving and/or investing the difference.

Learn the ins and outs of investing too. It’s a complex issue, but plenty of people out there are self-taught investors earning cash on a daily basis, and living the lifestyle of their dreams.

The most important thing to understand is that this doesn’t need to require money. But it does require hard work.

To Become a Millionaire from Nothing, You Need to Be a Hustler.

I follow quite many millionaires online. I love their stories, learning about how they got started, and seeing their growth over the years.

Let’s take Gary Vee, for instance. The hustler of all hustlers.

He’s all about execution and encourages grinding 24/7/365.

Can you do that?

If you can, then you can also be a millionaire by 30.

He openly shares his journey and that’s why he has a huge following on all social media channels. His Daily Vee show on YouTube is all about what he does on a daily basis.

Because he doesn’t actually have the time to just record and upload videos, or write on his blog daily, he just documents his journey.

He shares his work culture, posts while at the airport, strategizes in the car on the way to a meeting, and is being recorded by his team while taking decisions or meeting with clients in the office.

If you’re wondering how to become a millionaire from nothing, you’re on the wrong path, my friend. On a completely wrong path that won’t take you where you truly want to go.

Because quick money isn’t sweet. And we’re all about the lifestyle here.

It comes true hard work, dedication, years of sweat and mindset shifts, and patience.

Develop These Millionaire Success Habits

But because I want to share with you the right first steps on how to become a millionaire with no money, here’s something practical.

Yes, it’s about what goes in your head before anything else. And that’s shaped long before the money comes in.

That’s why I encourage you to follow self-made millionaires of all age and across all fields online, and take their advice. They know what they are talking about.

But a surefire formula to replicate their success is to simply build their habits.

There are some millionaire success habits that will guarantee your progress. And I’m not saying you’ll be a millionaire by 30 solely by getting up earlier and starting an online business. No.

But each behavior described below, when combined with mindfulness and a long-term vision, is bringing you closer to that one big idea one day that will change the course of your life.

All this is preparation. You’re preparing yourself for the responsibility. Because I’m convinced that if you wake up being a millionaire tomorrow morning, you simply won’t handle it.

That’s why self-made millionaires who started from nothing are happy. Because they wanted it, earned it themselves, invested years to develop the mindset to accept the hurdles and be okay with the stress in daily life, and can still live normally appreciating the little things.

Read also: How This Family Guy Made $1,250,226 from 3 Blogs

How to Become a Millionaire with No Money: The Habits

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1. Be ruthless with your vision.

Create your vision by defining – then designing – your ideal lifestyle.

Set aside a few days to think it through, to write stuff down, to imagine a possible future that would make you satisfied.

Know what you want to eliminate from your current life, and what you need to add over the next few years.

Read also: How This Couple Makes $100K/Month Blogging and Travels The World

2. Ditch the non-believers.

Who you surround yourself with is crucial.

You need to stop hanging out with people who aren’t ambitious and aren’t looking to become rich any time soon. Instead, find new like-minded individuals.

Then, find a mentor.

While you’ll eventually start going to networking events to grow your network (as it is your net worth), you can also find great mentorship online.

Start following self-made millionaires and billionaires online.

Here’s a list of a few great ones that came to my mind:

Bill Gates
Tim Ferris
Richard Branson
Mark Zuckerberg
Jack Dorsey
Evan Spiegel (Snapchat co-founder)
Elon Musk
Mark Cuban
Larry Ellison (founder of Oracle)
Nathan Chan (Foundr Magazine)
Noah Kagan (AppSumo)
Howard Schultz (Starbucks)
Oprah Winfrey
Sergey Brin and Larry Page (Google)
Paul Allon (Microsoft)
Jeff Bezos (Amazon founder and currently the richest person in the world)

And more.

Now, these are just some of my favorite.

But you can basically follow any startup founder these days, or online personality, or small business owner who shares life lessons on his own platform or across different ones.

Just make sure to check how they started to know they made it on their own.

After all, we’re not talking about Paris Hilton here or even Donald Trump.

We need to learn from people who had an average life, lack of initial capital, and who didn’t even believe in themselves in the very beginning.

It’s crucial to see how someone else shifted their mind and created something out of nothing, in order to know you’re capable of that too.

3. Start building your online empire today.

I believe in a simple solution to creating the ideal lifestyle – earning passive income. And one great way to do that isto start a blog, grow it, monetize it strategically, and allowing it to earn you moneyfor years to come while you move onto other business ideas.

4. Become a millionaire online.

How to Become a Self-Made Millionaire with No Money (4)

All that’s available in the digital world makes it possible to know how to become a millionaire with no money.

You should be investing your time, though. Daily.

Reach out to influencers via email or social media. Write articles. Leave comments on other people’s blogs. Personally message people on social media and get feedback on your ideas. Shoot quick videos talking about stuff you’re interested in.

That’s the foundation.

Then it comes time to get into marketing. Whatever you’ll be doing from here on, it will involve selling. Be it your services, your products, your brand, or just an idea.

You’re creating solutions to problems with your future business. So you need to convince others to join you on your journey, and potential customers that they need what you have.

I suggest starting with these 2 detailed guides by Neil Patel, one of the gurus in the niche:

The Beginner’s Guide to Online Marketing

The Advanced Guide to Content Marketing

Afterward, you become a creator.

Although you already should be creating by providing value with content on your site and across other platforms, you also need products.

Go through this article of mine, where I present to you the possible ways to build your first online product. That will help you decide what you can do now, without experience and money.

In the article, I linked to I also talk about the idea validation process so that you can make sure you’re working on the right thing. Which is something people are actually willing to pay for, and for which there’s already an existing market.

Also, don’t forget to check out my guide on how to make money blogging.

5. Learn, learn, learn.

One of the main secrets of self-made millionaires is that they are passionate learners.

I don’t mean formal education. It’s not a coincidence that some of the richest and most successful people of today are college drop outs.

You can learn all that you need yourself. It’s called the art of lifelong learning.

It’s mostly a mindset, and it should go together with true desire and curiosity.

I’m talking about learning the ins and outs of the field you’re about to enter.

Learning all about managing money and dealing with numbers.

Understanding the main principles behind starting an online business, building an audience, creating a name for yourself, and engaging people with your content and brand.

Without this, you can’t make it.

For example, I earned my highest income from blogging in March 2018, yet it was also the month I invested $200 in my first online course Making Sense of Affiliate Marketing.

It’s worth it as I’m learning from the expert (Michelle from Making Sense of Cents who’s already earning $100K from her blog) and because I was literally leaving money on the table without having set up systems to make money from affiliate marketing. I’m now learning and applying the lessons.

6. Stop doing the things that will never make you rich.

Seriously, stop spending on stuff you don’t need. Millionaires would never do that.

They know that wealth comes from saving and spending wisely.

Here’s a good guide on how to save your way to 1 million.

7. Invest in yourself first.

Self-made millionaires’ most common reason on how they did it is that they read a lot, all the time.

That’s the way to get into investing too, even if you know nothing right now.

Warren Buffet used to read 1000 pages a day.

One of the best tips of successful people is to invest in yourself first. That means setting aside 15% of your money on a monthly basis, and investing it wisely.

But it also means investing in yourself by taking care of your well-being. Sleep enough, eat well, exercise, boost your mental and spiritual health too.

Even the busiest self-made millionaires do that daily.

They know how important an energetic body, peaceful soul and focused mind are.

Only the combination of these can let you be in top shape and perform well day after day, while building your million dollar business.

8. Investing to become a millionaire.

So, how to become a millionaire with no money? Invest.

Before you start making excuses as to why you need experience with that, a degree in finance, or knowing the right people, know this:

Enough people out there starting from nothing have made it without help, and so can you.

Here’s the moment to start reading some of the best books on investing.

This list will be enough. It’s for beginners and covers all that you need to know about this industry and how it works, together with forming the mindset necessary to make serious money from this for the rest of your life.

Stop looking for the quickest way to become a millionaire.

That will lead to disappointment. Instead, you must play the long game if you want to win. But also preserve your peace of mind, be happy and find meaning.

You don’t become a millionaire overnight. Some consider the success stories we constantly hear about such overnight achievements, but it’s far from the truth.

Headlines share how Mark Zuckerberg created Facebook in a day and soon became a millionaire. While now he’s worth 74,2 billion dollars.

But when you dig deeper, you see he was just a student who wasn’t interested in the system. He was spending his time in his dorm coding on his computer. He didn’t have a plan on what to create exactly, he just loved it.

So he coded for weeks, without doing anything else. Then one day, he created a social network for his campus that grabbed interest. The word got out and other universities wanted to join.

Then, the platform was available to anyone else, regardless of whether they are students and where in the world they are.

Now, there are 2.7 billion monthly active users on Facebook!

You can become an entrepreneur with no money. But you do need the passion, the drive, the desire to contribute. The dedication, the discipline, the right habits, the love for learning.

If you read this guide hoping to find a super quick solution, then just Google how to make quick cash. You’ll see some ridiculous ways that work.

But that’s not what self-made millionaires would ever do.

And you don’t need to have a million dollar idea just yet. You’ll generate 1000small ones before that, until one day your mind will think of a creative way to do regular stuff. And you’ll fill a need in the market that only your business can.

So, how to become a millionaire with no money? Sit down and write the plan for your first stage. That includes what you need to read, what changes to your daily routine you need to make, and where in life you want to be a few years from now.