"Millionaire, I like the concept of the word but it has been overused and lost a definitive meaning."
"A millionaire to me is someone who owns assets that makes their net-worth equal to or more than $1,000,000. It's not having $1,000,000 in your personal bank account."
How to become a millionaire is a very high searched term o places like Youtube.
It is easy to fantasise about the end goal when you haven't built anything or even made $1,000. So why are you jumping straight to 7 figures?
Thinking "an event is going to make me a millionaire"... No.
It is a process and once you do that process enough times, you can get to $1,000,000. But it takes time and work to get there.
If you did have $1,000,000 in a bank account I would question how you obtained it in the first place as that is not how a millionaire would operate... It is way too risky to put all of that money in the bank when they will only cover you for up to $100,000.
Do not think banks aren't monitoring who has money in and who has money out. They are a business that wants to make money, just the same as you and I, we just follow a different model.
You could have $0 in the bank and still be a millionaire. An example would be owning 5 houses, each worth $200,000.
It's not because our bank accounts contain millions. It's because the businesses that we own contain millions of dollars worth of assets.
Take your mind off the 'Millionaire' thing... Focus on the 'Hundredgrandonaire' first.
You can live very very well on a hell of a lot less than you think.
People are chasing their idea of what the millionaire lifestyle is, for some that is scuba diving in the Bahamas drinking mojitos all day.
We didn't rush into owning our houses and eating nice foods, we got ourselves yo a position where we could do those things if we wanted to.
It is okay to want a nice car or an expensive watch, but there is no need to own 20 of them.
Same for holidays, you don't need your own island, with a butler and personal chef to have some nice time off!
More and more we have realised the importance to invest in quality.
Being a millionaire is about owning assets that equate to $1,000,000.
Is it necessary to get there to be happy? Absolutely not!
Is it nice to have the money to live comfortably? Definitely.
Get a perspective of what you want and go for that!
There are moments in your life and in your business journey, milestones that you reach.
Those are the things we should be working towards and planning how to get there.
Enjoy the process too, there is no need to skip to the end. That is where you get the reward for putting in the work.
