- After admitting he had a lot of nice things to buy, Lark Davis said he made a conscious effort to get rid of things he could live without.
- He also thinks it’s important to create multiple streams of income because the average millionaire generates money from seven sources.
Lark Davis is a crypto analyst and YouTuber who has continuously provided analytical videos on Bitcoin and altcoins over the years. recent sound video titled “How I Became a Millionaire, and You Can Too” mentioned seven important things he did on his journey to success.
According to Lark Davis, the first thing he did to become a millionaire was to protect those around him. He believes in getting involved with the right people to be successful.
I’ve learned that leaving the people around you can help you thrive or waste your time and energy.
He further stated that his circle is made up of people who can lift him up, those who can live up to his standards, and those he can get ideas from.
Another thing he learned on his journey to success is how to say “no.” He believes that time is the most valuable asset, so it’s important to say “no” to things that can take away an essential part of it.
The power of “no” is having the confidence to control your time and the confidence to control your money, your reputation and everything.
Davis admitted the income was a game-changer on her journey to wealth. He thinks it’s important to create multiple streams of income because the average millionaire generates money from seven sources.
It takes many forms for me, including stock dividends, crypto staking rewards, digital product sales, YouTube earnings, affiliate earnings, and term deposits in the bank.
According to him, it is more necessary to invest than to keep money.
He also mentioned in his video that he learned to live within his means. Having admitted that he has a lot of nice things to buy, he has made a conscious effort to get rid of the things he can do without.
As your wealth grows, you are tempted to spend more, which is why most people who win the lottery end up broke.
Davis hinted that his total expenses are expressed as a percentage and that he makes sure his expenses always match his income.
I don’t come from the money. Every dollar I have, I’ve earned.
He mentioned that he never loses sight of where he comes from. According to him, he grew up on food stamps and second-hand clothes. For this reason, he has always had immense gratitude to the universe for bringing this kind of financial blessing into his life and getting it by doing something he loves.