What does a millionaire look like?
If you were asked to single out where America’s richest people live, you might say that the Hamptons is a good place to start, or even the Bahamas where some of the super-wealthy have upped sticks and moved to.
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The thing is, being a millionaire is as much about lifestyle decisions as it is about earning potential and making investments.
These are people who live below their means, allocate considerable time and energy to generating wealth, and who place more importance on achieving financial freedom than on displaying signs of high social status.
What many people struggle to understand, too, is that millionaires often live life on a budget, don’t blow money on too many luxuries, and continue to follow the core tenets of wealth-building long after they’ve ‘made it.’
To become rich, you need to wield both a sword—investments and economic activity designed to earn money—and a shield—lifestyle choices adhered to in order to guard wealth.
When you reach your goals, you cannot stop as doing so will undo all of your hard work.
Even millionaires live within the confines of a budget, and failing to do so could put their millionaire status at risk.
For this reason, it’s important to largely ignore the conventional trappings of social status.
To hell with what you think the neighbors will say that you have an older car!
Think about what the money you save will be worth after 25 or 30 years of investment.
To some degree, the statement that wealth changes people is false, because the wealthy mindset is different from the start.
All you need to do is set goals, follow your dreams, and stick to the methodology you put in place to achieve them.
You don’t need to look rich, you need to be rich.
Be a Financial Black Belt: How to manage your finances with a 21-step secret money paradigm to massive wealth (Personal Finance Wizard Book 3)
By Tom Cromwell
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Categories: Voice over Work