How do you become a millionaire in 3 years?

Ask Daniel Ally.

In case you haven’t heard of Daniel Ally, he’s a speaker, author and life coach made famous when one of his TED talk’s videos went viral. I found myself on youtube last week watching the thing and wanted to share the video.

If you don’t have 15 minutes, here is a summary of what Ally is saying

1) Improve your friendship circles – associate with better, smarter people than you. Most of the time they’re looking for others who want to improve themselves as well.
2) Read – a lot.
3) Set higher goals. Set stretch goals, build in a planGet of action and write your goals down.

Ally isn’t saying anything earth shattering – guys like Tom Corley say pretty much the same thing – but its good information to periodically put in your brain.

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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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