ON THE COUCH: Shocking Confessions of a Self-Made Millionaire: 8 Steps to Making Your 1st Million

ON THE COUCH: Shocking Confessions of a Self-Made Millionaire: 8 Steps to Making Your 1st Million

Those who have earned their 1st Million didn’t have becoming a millionaire as their goal. Instead, their goal was made up of more than making money, it was made up of a burning desire to actualize into reality the thing that would add value into the everyday lives of everyday people.

“If we work together, we’ll lower the cost of living for everyone…. we’ll give the world an opportunity to see what it’s like to save and have a better life.”
Sam Walton, Founder of Walmart

We’ve all heard it a million times, that to succeed, one must 1st have a mission statement. While this remains a truism, what I see happening more and more, is that entrepreneurs are crafting mission statements more for marketing and press purposes than for a personal representation of their vision and roadmap to achieving its goal. There appears to be more of a priority placed on making money than making a difference. And, as much as making money is an imperative to taking care of one’s basic needs for security, growth and to make a broader impact in the world, the #1 imperative is to focus on manifesting your vision over that of manifesting millions. When one keeps good priority order, the money will follow.

“To make a contribution to the world by making tools for the mind that advance mankind.”
Steve Jobs as quoted by The New Economist, 1980

I encourage you, right here and now today, to take a hard look at your existing mission statement. Is it an authentic personal reflection of your own divinely inspired vision and burning desire to add value to the lives of those you desire to serve?

Once you’ve taken a hard look at your mission statement, and made any necessary amendments, you can then move forward with incorporating the following into your daily mindset and actions to speed your way to making your 1st million:

8 Steps to Making Your 1st Million

1. Have a Well-Defined Major Purpose: A well- defined purpose is one that clearly identifies your unique role in the world, the purpose for your life, and the purpose for the money you will acquire.

2. Prioritize Increasing the Wealth and Well-Being of Others: Use this as your #1 driving force and define and deliver a system to accomplish it.

3. Give Yourself Permission to Experiment: Understand that some of the worlds most successful innovations came after vast experimentation. Allow yourself to try different modes and models until you find the one that you know in your gut is the right road for you to take.

4. Seek to See What’s Not There: Having the vision to see what’s not in existence is what creates magical innovations that change the lives of all humanity. Get in the practice of asking yourself “What’s missing? What’s not being done?”.

5. Do Your Homework: Research, Compile Data, Analyze, Plan and Then Act: Make a regular practice to research, develop and deploy.

6. Start Saving to Invest ASAP: Always seek to save to invest, invest as soon as you can, and on an ongoing basis. However, do keep a strong cash on hand supply. Do not over-extend.

7. Trust Your Instincts and Let Them Lead You: You can seek and listen to expert advice, but never go against your gut instincts or go against your better judgement or values.

8. Diversify and Take Calculated Risks: You simply will not become a millionaire if you don’t invest, take calculated risks and diversify. However, diversify only into industries that you have gained a level of knowledge and expertise in.

In Closing My Shocking Confession: Everyone predicted I would fail at being a real estate broker because I regularly advised prospective clients to hold rather than sell. Yep, that was me. Turning away business and walking away from guaranteed money in the bank. I had one extremely large deal that was a 7-figure commission due me. The deal went all the way through to last two days of due diligence when my client told me they were going to move forward, go hard with their deposit and close. I had just found out the books of the property had been cooked. I was 15 days away from a 7-figure bank deposit. What did I do? I told him to cancel the deal. I may have lost that money, but I had held dearly to the practice of putting my client’s wealth and well-being as a #1 priority over my own pocket book for many years and it’s what allowed me to build a global network of investors who trust me and to become a self-made millionaire.