Want To Become A Multi-Millionaire? Do These 15 Things Immediately
“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
The title tells you what is coming, but unexpectedly each of the fifteen things are doable, and actually, yes, life changing if you really decide to implement even one of these steps. Implementing them all would change your entire life.
Taken as a whole, becoming what you want to become emerges as a result of applying these precepts that follow. You will find that each precept seems to be as important as the next, so I hope you will assimilate each precept and make them your own, singly and as a whole, and put them to use for yourself. So you may truthfully want to become a multimillionaire, then following these ideas will get you there. As a matter of fact, following them, after setting your sight on any goal, greater or lesser, will get you there too.
Apply these precepts to your practice, your life, your marriage, or any goal or anything that you really want to achieve, to be, to do, to have as a result of it, and it is yours. Stay tuned.
Be the kind of person who is a multimillionaire
You have to become the kind of person that it takes to be a multimillionaire to become one. 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. He goes on to list these fifteen points to show how you can become that kind of person.
- Invest At Least 10% Of Your Income In Yourself
You seldom prize things that you get for free. The amount of energy, vitality, intention you can evoke to reach any goal depends on how much of yourself you have invested.
If you aren’t investing in yourself, then you don’t have any skin in the game of your own life.
When it comes to self-improvement, investing 10% of your income on yourself will yield a massive 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.
Your success depends on surrounding yourself with the right mentors. And the best mentorships are those you pay for, and the more you pay the more the return you get. Get the best mentor you can find, and pay for the time spent.
Surely you can afford to buy a book, if you can’t afford a mentor. It’s only when you invest in something that you have the motivation to make it happen.
Beyond mentorships, you should invest in education programs such as online courses, books, quality products such as food and sleep. Your level of success can generally be directly measured by your level of investment. If you’re not getting the results you want, it’s because you haven’t invested enough to get those results.
Your number 1 investment must be yourself. You will be committed. If you want to escalate your personal commitment to something, invest heavily in it.
- Invest At Least 80% of Your “Off” Time Into Learning
How do you spend your off time? What part do you invest in learning? Nearly every second spent on social media is consumed time. You can’t have that time back. Rather than making your future better, it actually made your future worse. Every invested moment leaves you better off. Constantly consuming junk media kills ability to create high value work. Knock it off.
The world’s most successful people are intense learners, hard readers. They know that what they know determines how well they see the world and can manage it, their relationships and the quality of work they do.
- Don’t Work For Money, Work to Learn
Do you learn while you work? . Wealthy and happy people work to learn. Unsuccessful and unhappy people work primarily for money.
Only 20% 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 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 during the hours you are actually working, you’ll be in a deep flow state. You won’t be distracted like most people are when they work. You’re either 100% on or 100% 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.
4. Don’t Learn For Entertainment, Learn To Create More Value
If what you learn cannot be put into application, then it is entertainment, or just for enlightenment without other use. Information and knowledge are two different things, and knowledge and wisdom are to very different things. It takes wisdom to determine what you should learn, why you should learn it, and when you should learn it.
When you learn something, you should get a return on that learning. If you’re not applying what you’re learning, your consuming and wasting your time.
- Invest At Least 10% Of Your Income Into Vehicles That Will Generate More Money
Do you spend all that you make? How much have you invested since you started to work? Those thought of as wealthy may have a hefty paycheck but most spend more than they make, owe more than they can ever pay, and never invest. You are not truly wealthy until your business produces only 1/2 of your income equation. You have your business which brings income. Then, you have your investment entity to turn your income into even more money. Start today. Get yourself educated. Create a vehicle, or several vehicles, where you put at least 10% of your income. Eventually, your investment vehicle may even start producing more profits for you than your actual business.
- Shift Your Motivation From Getting To Giving
Most people are concerned only about themselves and what they can get out of life rather than helping others. Once you become more awake to the world, your desire will shift from receiving to giving. It is far more satisfying to give than to get, and once started you will be driven by a cause you believe in.
Either you are in relationships as TRANSACTIONS or TRANSFORMATIONS. Most people are in transactional relationship, with a focus more on what they can get out of it. Selfishness. That doesn’t take you very far in life, stuck on your own needs.
Tranformational relationships are focused on giving and gratitude—focused on giving and gratitude. The whole becomes more than the sum of the parts. Both parties transcend their smallness and become something more.
Once you move into this upper level of consciousness, things will change in your life, and you will be richer and happier by contributing more. Improving other people’s lives and businesses will then breed more ideas on how to help and help more people. It will lead to more opportunities and deeper relationships. People will love and trust you. Your work will be motivated by a higher cause and will have greater impact and inspiration.
- Openly Acknowledge How Dependent You Are On Other People
As the brilliant entrepreneur Michael Fishman has said, “Self-made is an illusion. There are many people who played divine roles in you having the life that you have today. Be sure to let them know how grateful you are.”
We rely on others much more than you realized. You are not an island, and you are constantly seeking and receiving help. We are dependent on others. This is a strength, not a weakness. Everyone is highly dependent on other people to do what they do, and that includes you and me. 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 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.
- Create Win-Win Strategic Partnerships To Achieve 10X or 100X Goals
Collaborate, don’t compete. Most people are in a state of competition more than collaboration. Collaboration is a much higher level. Competition is focused on the self. It’s also very low level thinking, because what you can do on your own is very limited. People who are competing are grinding. They’re more focused on winning than creating real solutions.
- Set 10x Goals and Face Your Fears
This is perhaps one of the most important points in this piece. Take a look at your current goals, and assess why do you have that as a target. Suppose that you 10X’d that target. What if you were earning $30,000 a month rather than $3,000. Possible? Others are doing this. The difference between you and them is their education, relationships and strategy.
When you set this goal, you have to change your thinking and your daily behaviors, being more serious in all aspects of your life. Eliminate limiting thinking and things that distract. This will be one of the best things you ever did for yourself.
How do you move from here to that state? The goal should be created when you are in a peak state when you are doing something powerful, being around certain types of people who inspire you to be the best version of yourself. You know what puts you in that peak state, so do whatever gets you there. WRITE DOWN YOUR GOALS, DECLARE THAT IS WHAT YOU ARE GOING TO DO, VISUALIZE ITS ACHIEVEMENT EVERY SINGLE DAY UNTIL IT BECOMES A REALITY.
L Ron Hubbard said: “The future is the creation of a future illusion and the working toward that illusion.” In other words, create this illusion, this dream of how it will be with all of its parts, details, in living color in your imagination, and hold it there constantly until it become a reality. Do not slip, drop back into the old way of doing things that distract and do not get you there. Eye on the mountain, and never let that image lessen or disappear.
You can’t 10x your goals by engaging in the same thinking and present behaviors you are doing right now. While thinking of your goal, you will get ideas of what you need to do to achieve it.
You need to start educating yourself about how you can do this. You must get bolder about work you are doing, create more, fail more, over and over. Quantity is often the fastest path to quality.
It may 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.
- Get Really Really Good At Marketing
Marketing is nothing more than applied psychology.
It’s about connecting with people, persuading them, and helping them. People aren’t magically going to appear and buy your stuff.
Marketing is the “HOW” to whatever it is you do. But the delivery — the HOW — is just as important IF NOT MORE IMPORTANT than WHAT you’re doing or WHY you’re doing it.
You could have the world’s most important message, or greatest story, but no one will see it if you don’t promote and package it intelligently.
- Don’t Focus On Time And Effort, Focus On Results Instead
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.
You 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. Probably the most prolific and successful author and writer in the world, L Ron Hubbard said, regarding the life of writers and how they can best perform, “One must take time to ‘breathe.’”
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.
- Shift Your Environments Regularly
The environments you work in should reflect the work you’re doing.
Doing several types of work in the same environment is ineffective. But people do it all the time. They sit in the same seat and mentally shift from one task to another.
A far better approach is to BATCH your activities and to do those activities in a relevant environment. Go to the library where it is quiet and no distractions to do your writing, go to a place where it is buy and bustling to do things that require activity.
- 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’s 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. Use the money to make more money by investing in things that will make more money or make you more productive.
- Know and Operate From Your Deepest “Why”
What is your WHY for what you’re doing or pursuing?
How could you possibly know your why?
More importantly, how could you know your REAL WHY?
It’s actually quite simple.
Of this whole piece, perhaps this is the most important point of all. This digs deep within and gets you to thinking, and then recognizing things about yourself that you hadn’t known, but were really operating off of subconsciously. Do this:
Here’s a solid question you could ask yourself to understand your WHY.
What about ______________ is important to you?
Let’s say you want to start a business, or get a new cellphone, or go to the gym…
It could be big or small.
But put that thing in there.
What about “going to the gym” is important to you?
Then, you just write the first thing that comes to your mind: because I like feeling good.
Then you take your answer, and put it in the same question: What about ______________ is important to you?
So, given the previous answer: What about “feeling good” is important to you?
A simple way to structure this exercise is shown in the images just below. Usually, you can answer layers 1–4 with your head. However, if you’re being really honest with yourself, and I mean REALLY HONEST, you’ll need to come from your heart to answer layers 5–7.
It’s at the deepest levels that you’ll discover your TRUE WHY for what you’re doing. Even if that something is as simple as getting a new cellphone or going to the gym.
But you want to remind yourself of your DEEPEST WHY when you’re doing something. And you want to operate from THAT LEVEL, because at your deepest level, you’ll be operating from your heart, not your head. Thus, your performance will be much deeper, more authentic, and powerful. The stakes will be higher.
Our DEEPEST why will almost always expose something very personal about you, and about your fundamental beliefs about life. You want to be aware of these things, and how/why they drive you to do what you’re doing.
If you truly go through this exercise in a genuine way, you should get some mental and emotional breakthroughs.
You should discover something about yourself, and why you are the way you are, and why you’re pursuing the specific things you are.
Know your why.
Then act from the DEEPEST and most powerful WHY you have.
- 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.
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.
A good example is Gary Spence’s successful book, “It’s Not What You Sell, It’s What You Stand For: Why Every Extraordinary Business is Driven by Purpose.
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 a compromiser, kissing up to and 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.
As I said in the beginning, each precept given in the remarkable article seems as important as the other. The author wants you to take away from these precepts that you have to change your way of life, of thought and of doing things to get to be the person you need to be to become a multimillionaire.
You probably know some very successful people. Each of them has had a goal and their goal was so evident and strong to them that it drew them unerringly toward it and they looked neither to the right or left or behind in getting there and moved through thick and thin on the way, regardless of external or internal distractions.
It is up to you to decide if you want to be so focused, and if the goal is worth everything required in you to get you there. And you don’t have to have being a multimillionaire as your goal—it can be any lesser goal, such as getting that house, that car, getting a raise, or just taking that kid of yours fishing or bowling. But your goal must be honorable and ethical to be worthy enough to honor you with achieving it. Man is basically good and will not permit himself to be rewarded for doing bad things, and will eventually punish himself for doing so.
Nobody said it would be easy. Sacrifices are the changes that are to be made, but they should not be considered as sacrifices, but joyful steps toward that goal. Do them, change yourself into a goal driven mortal, and your prize awaits.
The above data is extracted from an article by Benjamin Hardy in the online magazine, Medium