Want to Become a Multimillionaire?
The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.“ – Jim Rohn
Most people wish their circumstances would magically change for them. They don’t have the desire to become better themselves so they can proactively improve their own circumstances. Unlike most people, who simply wait and wish for luck, you can seek to become the kind of person equipped with the skills and abilities to do brilliant things.
The quality of who you are as a person, and the work you do, is completely within your control. But you can’t wish for it to happen. You must become the kind of person who naturally attracts the success you seek.
Here’s how:
Invest at Least 10 Percent of Your Income in Yourself If you don’t pay for something, you rarely pay attention.
Most people want stuff that’s free. But if you get something for free, you rarely prize that thing. You rarely take it seriously.
How much do you invest in yourself?
How committed are you to yourself?
If you aren’t investing in yourself, than you don’t have any skin in the game of your own life.
If you aren’t invested in your business, you probably won’t do high-quality work.
If you’re not invested in your relationships, you’re probably more focused on what you can get than what you can give.
When it comes to self-improvement, investing 10 percent of your income in yourself will yield a 100X or more return on that investment. For every dollar you spend on your education, skills, and relationships, you’ll get at least 100 dollars back in returns. If you want to do something extremely well, you need to surround yourself with the right mentors. Anything that you’ll ever do well will be the result of high-quality mentoring. If you suck at something, it’s because you haven’t received quality mentoring in that thing.
The best mentorships are the ones where you pay your mentor. Often, the more you pay the better, because you’ll take the relationship far more seriously. You won’t solely be taking in that relationship. You won’t purely be a consumer. Instead, you’ll be invested, and as such, you’ll listen more carefully. You’ll care more. You’ll be more thoughtful and engaged. There will be higher consequences for not succeeding.
Your No. 1 investment must be yourself.
Who you are determines:
the quality of marriage you’ll have
the quality of parent you’ll become
the quality of work you’ll produce
the level of happiness you’ll have.
2- Don’t Work for Money, Work to Learn
“When you are young, work to learn, not to earn.” – Robert Kiyosaki
Just as a large majority of your downtime should be spent learning, so should a great deal of your “working” time. Wealthy and happy people work to learn. Unsuccessful and unhappy people work primarily for money. Only 20 per cent of your energy should be spent doing your actual work. The rest should be spent learning, improving yourself, and resting.
It is by “sharpening your saw” that you’ll continue to become a better and more capable person. Thus, as you dedicate large portions of time to becoming a better thinker, communicator, and better at your craft, the quality of your work will continue to increase. Eventually, you’ll be able to charge very, very high fees for your work, because no one else can do it like you.
When you prioritize learning and recovery, then you’ll be in a deep flow state during the hours you are actually working. You won’t be distracted, like most people are when they work. You’re either 100 percent on or 100 percent off. While working, you can get more done in a few hours than most people get done in a number of days.
Your time is spent well because your priorities are clear, you’re well-rested, and your mind is stimulated.
3- Don’t Learn for Entertainment, Learn to Create More Value
“The key secret to success is not excessive expertise, but the ability to use it. Knowledge is worthless unless it is applied.” – Max Lukominskyi
In our media and information age, there are a million things you could learn. But if you don’t put that learning into immediate practice, it becomes shallow information.
Information and knowledge are two very different things. Knowledge and wisdom are also two very different things.It takes wisdom to determine what you should learn, why you should learn it, and when you should learn it.
Unless you’re invested, you probably won’t learn with the intensity needed to maximize that knowledge.
Unless you understand the value of your time, you probably won’t have the discernment to ignore almost everything while learning that which will bring the highest return.
When you learn something, you should get a return on that learning. Far too many people read books now just to say they’ve read lots of books. If you’re not applying what you’re learning, your consuming and wasting your time.
4- Hift Your Motivation From Getting to Giving
“The world gives to the givers and takes from the takers.” – Joe Polish
Most people are only focused on what they can get out of life.
Me, me, me.
However, once you become more consciously awake to the world, your desire will shift from merely receiving to giving. You’ll realize that it’s actually far more satisfying to give than to get. Moreover, you’ll be driven by a cause you fully believe in.
When your motivation is to give, you’ll often get insights about how you can improve your relationships. Random thoughts will pop into your head to send “Thank you” notes to various people. You’ll have more ideas about how you can improve other people’s lives and businesses.
You’ll start contributing more, which will lead to far more opportunities and deeper relationships. People will come to love and trust you. Your work will be motivated by a higher cause, and thus will be far more inspired and impactful.
Openly Acknowledge How Dependent You Are on Other People
Just because your primary motivation is to give doesn’t mean you don’t also seek a lot of help.
Actually, you are constantly seeking and receiving help. The truth is, everyone is highly dependent on other people to do what they do. But it takes wisdom and humility to openly acknowledge that dependence. Rather than seeing it as a weakness, realize that it’s a strength.
Beyond acknowledging your dependence, constantly express your appreciation to the people in your life. That which you appreciate, appreciates. Relationships are assets that can and should grow bigger and better over time.If you don’t appreciate and give to your relationships, your relationships will suffer. All relationships are like bank accounts, and if one person is constantly depositing and the other person is constantly withdrawing, eventually all of the resources become depleted.
In such relationships, 1+1 = less than 2.
Conversely, in synergistic and healthy relationships, 1+1 = far more than 2. When two people are continually giving and receiving, the relational bank account continues to grow and expand, providing several intended and unintended benefits. For example, I was recently at the gym with my brother. At the beginning of the workout, he was struggling mentally. He wasn’t adding to my energy and helping my workout become better than if I was alone. Instead, he was sucking my energy and causing me to exert more energy and effort than if I was alone.
I made him aware of what was happening, and he immediately shifted his emotional posture. He realized how dramatically his mood was affecting me. His motivation shifted from consuming an experience to creating something great.
Our shared mental state heightened, taking us into group flow. Our workout become far superior to anything I could create on my own. Not only that, but we began to engage in inspired conversation. This led to brilliant insights and connections that were relevant to the book I’m writing.
The amazing workout was the intended outcome of our synergy. The insights for my book were unintended benefits. This can only happen when both parties are actively giving and receiving from the relationship. Where both are focusing on creating rather than consuming. Where both have the primary motivation of helping the other person succeed.
Set 10X Goals and Face Your Fears
Look at your current goals. Why is that your metric for “success”? Why is that your target? What would happen if, in all seriousness, you 10X’d that target? What if, rather than earning $3,000 a month, you pursued $30,000 a month?
Is that even possible? Of course, it’s possible. There are several people doing it. The only difference between them and you is their education, relationships, and strategy. When you set a 10X goal, you’re required to think very differently about your daily behaviours. You’re required to be more serious in all aspects of your life. You’re required to eliminate limiting thinking and consumptive distractions.
Setting a 10X goal will be one of the best things you’ve ever done for yourself. This goal should be created while you are in a peak state. You get into a peak state by doing something powerful, whether that be exercising, learning, or being in a unique environment, such as a foreign country. You can even get into a peak state by being around certain types of people, the ones who inspire you to be the best version of yourself.
Only you know what gets you into a peak and passionate state. So, do whatever it is that gets you there, and then write down your goals. Declare what you’re going to do. Then write that goal down and visualize its achievement every single day until it becomes your reality.
When you think about this goal, don’t deviate from the natural flow of ideas that follow.
You can’t 10X your results by engaging in the same thinking and behaviors you’re currently performing. Consequently, while thinking about your goal, you’ll also get ideas about what you need to do, realistically, to achieve that goal.
Chances are, you don’t know what you don’t know. So you’ll need to start really educating yourself about how you could conceivably achieve your goal. You’ll need to get bolder about the work you’re doing. You’ll need to create more, and fail more. Over and over, in fact. Quantity is often the fastest path to quality.
Not only that, but when you think about your 10X goal, you’ll probably have ideas that scare you. When you do work that scares you, you cross a boundary that most people never cross. Scary work is often highly profitable and valuable work.
Don’t Focus on Time and Effort, Focus on Results Instead
Dan Sullivan, the founder of the exclusive entrepreneurial coaching platform Strategic Coach, distinguishes between those who are in the “Time-and-Effort Economy” with those who are in the “Results Economy.”
If you’re in the time and effort economy, you are focused on being busy. You actually believe the amount of time and energy you put into something merits praise. Conversely, when you are in the results economy, you are only focused on achieving a specific result. The bottom line is what matters, and thus, it becomes very important to find the most effective way to get there. This is a key difference between entrepreneurs and employees. As Sullivan says:
Entrepreneurs have crossed “the risk line” from the “Time-and-Effort Economy” to the “Results Economy.” For them, there’s no guaranteed income, no one writing them a paycheck every two weeks. They live by their ability to generate opportunity by creating value for their clientele. Sometimes, they – and you – will put in a lot of time and effort and get no result. Other times, they don’t put in much time and effort and get a big result.
The focus for entrepreneurs always has to be on results or there’s no revenue coming in. If you work for an entrepreneur, guess what! This is true for you, too. Though you probably have a guaranteed income, it’s important to understand that the business you work in exists inside The Results Economy, even if you’re sheltered somewhat from seeing that. I say this not to make you feel insecure, but to show you how to succeed in this environment: by maximizing your results while minimizing the time and effort it takes to get them.
Most people don’t think in terms of results because their security is in a paycheck. However, when you shift your focus from how little you can do to how much you can do, you change how you work.
ou start learning ways to accomplish more faster. You take on greater responsibility. You change your environment. And you also realize just how important sleep and rest are to achieving the highest possible results. Hence, you begin to take more and more time off and rest. When you dedicate 80 percent of your energy to rest and self-improvement, then you have a lot of fodder and a very sharp saw to use during the time you’re actually working.
You’re thinking 10X bigger than everyone else. You’re operating under short timelines and high pressure. You can tax yourself to extremes while you work because you spend lots and lots of time resting and preparing.
Define “Wealth” and “Success” for Yourself
Success and wealth are not all about money.
There are a lot of people who have money and have little “capital” in the other key areas of their lives. Money, obviously, is very important. It solves a lot of problems. It speeds processes. But money is a tool. It’s a means to an end. For those engaging in work they truly believe in, money is simply a tool for doing more work.
Have a Firm Stand, It Becomes Your Brand
In order to be successful, you must believe in something. You must have a stand.
All successful people and brands have a clear why. As Simon Sinek explains in his book, Start With Why, people don’t buy what you sell, they buy why you sell it. Apple is a great example. In all of their marketing, they don’t explain the technicalities of their products, they define and share their core values. They believe technology should be both easy to use and cool.
If you want to be compelling and interesting, you must truly believe in something. You must have a clear stand. That stand becomes your brand. It becomes your trademark. It becomes how you distinguish yourself from others.
When you have a clear stand and brand, you stand out. You are no longer neutral. You believe in something and are fighting to make a specific change. As a result, people will either love you or hate you. That’s what you want. Lukewarm means you have nothing to say. Lukewarm means you’re trying to appeal to everyone. The riches are in the niches. Your niche is your audience. They are a small group of people who agree with the stand you’re trying to make. They are your evangelists.
If you try to appeal to everyone, your message, marketing, and products will be terrible. You won’t be clear on your why, and neither will anyone else. Thus, you’ll be average like everyone else and your work won’t stand out. Only people with firm stands get really, really good at marketing. They care enough about their message to get it out there. They realize that the how is just as important as the what and why.
