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7 Reasons Why You Must Become A Millionaire

Becoming a millionaire is easier than it’s ever been, but few people are willing or able to do it.

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Do you want to be a millionaire?

Reaching the million-dollar mark is a laborious task and can only be accomplished by the serious individual who is willing to pay the price. Becoming a millionaire isn’t for those who just want to ‘settle’ in life. Nor will you become a millionaire if you’re looking for ‘get rich quick’ schemes. It requires high risk that can turn into high reward.

Even though becoming a millionaire is easier than it’s ever been, not many people are willing or able to do it. Many people ‘play it safe’ or let their excuses hold them back. However, for those who believe they can achieve great financial wealth in their lives, keep reading.

You might ask, “Why do I need to learn how to become a millionaire?” It’s simple. When most people think or talk about becoming millionaires, they’re actually looking to spend one million dollars, not necessarily earn millions of dollars. However, if you really think about it, there are many more reasons for becoming a millionaire.

If you knew it, you would do it.

Related: 10 Secrets For Developing A Millionaire Mentality

Here are 7 Reasons Why You Must Become a Millionaire:

1. Greatest Impact

Being a millionaire is the easiest way to help people. When a person gets rich, others get rich. Every time you spend a dollar, someone benefits. Whether you’re tipping a server or buying goods or services, money is constantly flowing and enhancing the lives of others.

A millionaire pays more taxes than anyone, which establishes the basics: Roads, schools, libraries, law enforcement, etc. In the United States, millionaires pay nearly 40% in taxes. If you’ve earned R10 Million in a year, that’s over R4 Million! This kind of money has far more impact than the R150 000 average that most taxpayers contribute to society.

Money allows you to become more of who you are.

2. Inspire others

Ferrari-luxury-vehicle

When you have money, you can inspire people. Even though most rich people aren’t pretentious with their money, they still inspire people by what they do behind the scenes. Having money allows you to work on more meaningful projects and gives you time to work on charitable ventures.

For those who like to show off their money, they still turn heads and encourage others, even just by driving by in a Rolls-Royce or Ferrari. Because of the choices that money gives you, you’ll have a lot more control in your life, which in turn will inspire others.

Time is not money, but money is time.

Related: 6 Skills Of Self-Made Millionaires That You Should Be Using, Too

3. Control

There are two types of people in the world: Those who try to fit their lifestyles into their wages and those who create their own lifestyle by setting their own wages. Unfortunately, more than 90% of the people in the world work for money. They let money control their lives and tell them what to do.

When you have money, you get to decide what kind of work you want to do. You don’t have to throw 50-plus hours into a grind that you don’t care about. Instead, you’ll get to conduct your affairs in the most convenient way, without letting your money control your actions.

4. Enjoyment

Obviously, money gives you tremendous enjoyment in life. No one can say that they’re better off without money, despite the many people who try to ‘sell you’ on poverty.

Enjoying your money is one of the greatest virtues of wealth. It gives birth to luxuries that you didn’t even know exist!

Whether you like to travel or eat in the finest restaurants, money offers conveniences that soothe you.

Although people will tell you ‘money doesn’t make you happy,’ you can bet that they still smile when they get paid. Moreover, when you’re a millionaire, you can do what you want to do with whom you’d like to do it when you feel like doing it.

5. Confidence

Confident-man

There’s no confidence like ‘money’ confidence. When you have money, you feel like you can do almost anything. It’s not that money raises your self-esteem, but it allows you to operate more rationally. Most of all, you get to be yourself, instead of worrying about whether or not you can ‘afford’ the ice cream you’re buying for your loved ones.

The confidence that money provides can give your family ‘peace of mind.’ An average person has little to no life insurance, which means that when he or she dies, no money is left behind for the family for burial expenses and other losses. Think about it: You can be more confident when you have a R100 Million policy than a R0 policy.

When the mind is ready, the money will come.

Related: 3 Truths Every Millionaire Knows About Money

6. Philanthropy

Money allows you to give back in unprecedented ways. When most people give money, they don’t know where it is going or why it’s going there.

They typically write checks out of ‘guilt’ or ‘shame’. However, when you have ‘millionaire money’ you’re able to give your money to causes you really believe in. Plus, the philanthropist actually obtains more money because they can generally control where it’s going.

You have a choice on how you give, too. You can choose to give your money on general or specific terms. Even more, your giving can be fun and can be done in multiple ways.

With money, you’ll be able to bless a tremendous amount of people. Plus, a generous person is always able to make friends, especially when they give away millions of dollars. The secret of living is giving.

Your level of living is determined by your level of giving.

7. The journey

There’s more fun in aspiring than there is in acquiring. Because the journey to wealth is quite rigorous, it allows you to go through challenges that most people would never face in their lives. Who you become in the process is the most rewarding part of becoming a millionaire.

The journey will teach you about people, places, and things like never before. You’ll be able to learn who you are while reaching your highest desires.

When you choose to become wealthy, you’ll go through an inspiring pathway of twists, turns, and turmoil. However, if you stick through it, you’ll quickly find that the journey was worth it in the end.

As you can see, there are many reasons to become a millionaire. When you know why you’re becoming wealthy, how to do it becomes easier. Pick one of these or all of these and start working on your journey of becoming a millionaire today. If you are serious about learning more about what it takes to become a millionaire, feel free to reach out to me!

This article was originally posted here on Entrepreneur.com.

Self Development

5 Inspiring Quotes From Madiba To Stir You Into Action On Mandela Day

In honour of Mandela Day, here are 5 of Nelson Mandela’s most inspiring quotes.

Casandra Visser

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Bouncing Back

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“Do not judge me by my successes, judge me by how many times I fell down and got back up again.”

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Self Development

25 Bad Words That Make Other People Feel Inferior

If the harshest thing you have to say about someone is partly true, say the other part.

John Rampton

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Did you know that in every language, there are more negative words than positive ones? It seems we need lots of words to describe our negative feelings, but we’re content with a handful of positive ones.

For instance, researchers have found that most cultures have words for seven basic emotions: Joy, fear, anger, sadness, disgust, shame and guilt.

That’s one positive emotion, and six negative

It’s no wonder so many of us have a hard time keeping our negative comments in check. Over the past six months I’ve been working on the verbal language that I’ve been using that I don’t even realize hurts others and in some cases makes them feel inferior. I even noticed that I’ve used a couple on my personal and business website. This is a “no-no” that I needed to fix.

This post will list 25 negative words you should avoid…so that you stop hurting, belittling and intimidating those around you!

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Self Development

How To Control What You Can And Influence What You Can’t In Your Life

Every day you need to get up and face numerous challenges. Here’s how you can keep your head in the game — even when all you want to do is quit.

Erik Kruger

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On Monday you wake up ready to take on the world. You’re focused, determined and business is doing well. Tuesday feels like you’re invincible and things could not be going any better. Wednesday, your world collapses. You doubt your ability to deliver to your clients. You wonder whether you should still pursue the same business. You think that quitting at this stage is easier than dealing with the ups and downs of entrepreneurship. And you are dramatically reminded that entrepreneurship is hard.

Mix in human nature and it becomes borderline insanity to try and build a business. And yet, the reward is worth it. I therefore want to share three strategies that might help you cope with this tough but deeply rewarding pursuit.

Influence and control

Most of the things in business and life are out of our control. You cannot control how other people react to your service or product. You cannot control how your employees will show up. You cannot control how the market will react and how that will affect your business.

Related: How You Can Do Big Things

This makes it very important to control what you can and then influence the rest to the best of your ability.

So, what can you control? You can control your actions, reactions and perceptions of the challenges you face. Meaning essentially, that you can control yourself and your efforts.

Do this with excellence and you will automatically influence the people around you and the situations you find yourself in.

Override your moods

If we only did the hard work when we felt like it, we would hardly get anything done. Our moods fluctuate like the tides of the ocean. Not because we are temperamental but because the external world has a profound impact on us.

When you wake up to news that the economy is in recession, it has the potential to plant seeds of doubt in your mind. When you receive an email from a disgruntled customer complaining about your service, it has the potential to ruin your day.

The fact is that you can receive a hundred testimonials singing your praise, but you will obsess and become despondent over that one negative comment.

This means that we have to move beyond our emotions. Sure, they are important in the decision-making process and for fostering meaningful relationships. But you cannot allow them to dictate when you will do work.

In other words, work hard, irrespective of your moods, especially on the days when you don’t feel like it.

Create a calibration practice

One of the best ways to deal with this rollercoaster effect is to create a daily calibration practice. I am a big fan of any action taken on a daily basis. Not only because of the accumulation effect that occurs over time, but also because it keeps you focused.

So, what does a daily calibration practice look like?

It differs for everyone. It could range from meditation to a vision board to journaling to listening to a specific playlist of songs. My suggestion is that you give journaling a go.

Because it’s sometimes difficult to start a new calibration practice, I have included my journaling template for you.

It’s called ‘J1G’ (pronounced as jig). I use Evernote or a notebook from HumanWrites for journaling purposes.

J: Journal

For the first few minutes, simply allow your hand to run across the paper. The idea is for you to dump as many of your thoughts onto the paper as possible.

Some questions you can answer in this section are:

  • What am I currently excited about?
  • What am I currently worried about?
  • Where am I currently winning?
  • What can I learn from what happened yesterday?

1: The one thing that you want to get done today

In this time, I usually have a look at my to-do list and decide which one action I want to get done today. Write it down and then expand on why it is the most important action. How will it move you or your business forward?

Related: Better Thinking For A Better World

G: Gratitude

In the last section, you simply write down three things that you are grateful for. Trust me, this is an important daily practice, but even more so on the days when you feel as if life is beating you down.

When you focus on the things that you are grateful for, you crowd out fear and shift your state of mind to a more positive and productive one.

The punch line

If you can stick to the three ideas I outlined above, I guarantee you will develop more resilience and perseverance. You are an entrepreneur because you chose to be one. Do not allow life to impose its will on you. I have no doubt that you will be better off because of all the challenges you face. Not in spite of them.

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