Your Millionaire Decision

Your biggest mistake is to think becoming a millionaire is impossible. People simply don’t think it can happen. So the first thing you have to do is decide to become a millionaire, multimillionaire, or billionaire if you want. You have to decide and then you must reinforce that decision, over and over. Put a stake in the ground right now: “I am going to become very, very rich.”

I will not judge you negatively for making this decision. When you tell someone who has created wealth that you want to get rich, they will not frown or judge you negatively—they will pat you on the back and say something like, “Great, you can do it and, by the way, you should!”

“Put a stake in the ground right now: “I am going to become very, very rich.”

Those who have created wealth understand that creating financial freedom is a worthy adventure. Is it possible for anyone? Remember, more than 80 percent of all millionaires today are self-made, what’s called “first generational,” meaning they created their millions without inheriting the money.

Now, before that little automatic voice in your head says for the millionth time, “I don’t want to be rich,” or, “I just want enough to be happy,” you should understand two points: 1) Getting rich isn’t just about you, and 2) Limiting yourself financially invalidates your abilities.
Most of us are convinced to settle for basic necessities: clothes, a house, transportation, time off, maybe an upper-management position, and some money in the bank. This is called the middle-class. The middle-class is for those who settle for just enough rather than striving for prosperity. The middle-class life is a compromise and it’s selfish. When you compromise your finances, you become unable to help others because you are struggling to simply take care of yourself.

The other part of this is the constant invalidation of you! You are capable of way more than you know, so why set reasonable financial goals? For my entire life, I have had this constant gnawing in me that knows I can do more, achieve more, create more, give more, and help more. And I am most unhappy when I give up on that gnawing idea and most happy when I am pursuing it.

“Settling for a middle-class life is a compromise and it’s selfish.”

But enough of the esoteric and back to the material world. You can earn $80,000 a year or $400,000 a year and still struggle, depending on where you live and your responsibility level. Just because someone makes more money than a person born in some starving village in a third-world country doesn’t mean they are much better off. The argument is, “You have a cellphone, internet access, running water, and electricity—be grateful.” That’s code for, “make sense of your situation.”

But not having enough money doesn’t make sense. A man once told me, “How do you make sense of insanity? The answer is, you don’t!” And not having enough money is insane. The idea that someone would only need enough to be “comfortable” or “adequately satisfied” or “have more than others” as a way to justify his or her condition is ridiculous. The middle class is billions of people convinced by politicians and media to turn your money over to those smarter than them, settle down in a nice house (reducing your ability to move for the next thirty years), and be a civil, law-abiding taxpayer who is grateful how much better off you have it than those who have less.

“Not having enough money is insane.”

Make a decision right now to become a millionaire and debunk all the ideas that idolize the mythology of the middle class. The temporary comfort provided by the house, nice school, a couple of BMWs, a 401k, and two weeks off is nothing compared to creating massive wealth.
The first step to becoming a millionaire is to make a decision and that requires you lose your middle-class mind and then get your millionaire mindset. You must lose your small, defensive, take-no-risk thinking. It has never been easier to get rich, but it is still impossible if you don’t change your mind. There is so much money in the world today and so many ways to create wealth, but it will not happen if you settle.

Many will disagree with me on this, but I believe millionaire is today’s new middle class. In fact, many millionaires still find themselves struggling. If you want to get really rich, you will need 10X or 20X or even 100X of a million dollars.

Use my 10X Planner and start affirming your multimillionaire status every morning, every night, and anytime you have a setback. Make the decision right now: “I am going to be very, very, very rich and I am going to help a lot of people in the process.”

You Being Rich Isn't a Fantasy

How to become a millionaire or multi-millionaire or even hecta-millionaire (100 million units) isn’t taught in schools or colleges. In fact, most of society frowns on anyone who talks about getting rich; some even protest against those who have created financial independence.

It’s a funny thing that schools teach you how to read and write, how to do math, how to know history and geography, and how to pass a test—but they never broach the subject of how to get rich. Getting super rich seems to be a topic reserved for fantasies, movies, and drunken what-if games. Most have come to believe that becoming a millionaire is for the lucky sperm club, business owners, gold diggers, lottery winners, athletes, rappers, and inventors. But it’s not true. Millionaires and the super rich come from all walks of life. In fact, just to debunk one of the myths, I’ll tell you that four out of five millionaires today work for someone else.

The reason most people never get rich is that they never even consider it a possibility. They are convinced by those close to them to simply be satisfied with whatever their financial situation is. The other reason is that people fundamentally do not understand money. Very few people know how to get money, even fewer know how to keep it, and almost no one knows how to multiply it. Just look around and you will see signs of this everywhere.

Even in one of the richest countries in the world, America, 76 percent of people live paycheck to paycheck, some 50 percent of Americans have no money for retirement, and 47 percent of Americans don’t have $400 for an emergency. If these statistics were true in a poor country, it would be one thing, but America is considered a wealthy country.

Turn on the television or go online and you will see endless, ridiculous financial advice. Financial pundits suggest saving tricks where your path to wealth is finding the lowest price for a product or putting more air in your tires to save gas. This piece of advice always cracks me up: “If you don’t drink coffee out, you’ll save another $700 a year.” You can save $700 a year for the next fifty years and you won’t be rich, you’ll just be old.

Another pundit preaches all debt is bad, and that by avoiding debt you will somehow be financially free. “Never borrow money under any circumstance,” the previously bankrupt advisor promotes. He overlooks the reality that almost all the super rich have used debt to multiply their wealth.

Flip the channel and you’ll see fancy graphics making a case that you should turn your money over to the boys on Wall Street who, smarter than you, will invest in stocks, bonds, and financial instruments they can’t even explain. Ask your parents for money advice and they will recite their path: get a good job, buy a house, contribute to your 401k, be grateful you have more than most, and pray everything goes right.

I have never wanted to just have “enough,” in fact, truth be known, I have always wanted to be rich. While I do believe in prayer, I don’t expect God to take care of my finances and I certainly don’t want to leave it up to everything “going right.” At a very young age, I noticed how the people who made the decisions and had the power of choice all seemed to be the people with money. I wanted to be one of them. I didn’t want money for the sake of money, but to be able to have the power of choice.

At the age of eight, one of my first experiences with money was walking to the local grocery store. I had a quarter in my pocket to spend at the store. I was excited, giddy, and I felt powerful. I was walking to the store with my brother fondling my quarter when I dropped it in the street and it rolled into a manhole. I got onto my hands and knees, only to discover my arms were too short to retrieve the quarter. I got up wet, dirty, angry, and wanting to cry.

I remember going home and telling my father how I had lost my quarter. My father said to me, “You shouldn’t play with money.” My grandfather later grabbed me and said, “Son, the problem isn’t simply that you lost the quarter; the problem is that it was your only quarter.” Since that loss I have been fascinated with the idea of amassing enough money so no single event or loss would ever cause me to be without.