What it’s REALY like to be a millionaire. Is this something you have ever thought about? Many people have an idealized notion of what it means to be a millionaire.

Just because someone is a millionaire, that doesn’t necessarily mean that their lifestyle aligns with their bank account.

Most successful millionaires do not live how you think they do. Not only that, but they set themselves apart from others by the skills that they have mastered; like confidence, discipline, emotional intelligence, and money management; to name a few.

Becoming a millionaire doesn’t happen overnight. I know that many of you have goals and aspirations of joining the ‘millionaire club’ one day, so I’m happy to share my story with you.

Are you ready to learn what it’s REALLY like to be a millionaire? You may be surprised by what I have to say.

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”http://www.buzzsprout.com/9299/569929-plm-475-what-it-s-really-like-to-be-a-millionaire.mp3″ background=”default” ]

Do you want to learn the 7 online business models that have made me an Internet millionaire in less than 3 years? CLICK HERE for instant access to my free course!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Since I was 17 years old, becoming a millionaire was a goal of mine. I became a millionaire when I was 28 years old.  When I achieved the label of ‘millionaire', it didn’t mean that much to me, like I thought it would.

A more pivotal moment in my life was the point at which I was making a 6-figure salary. That is when my life transformed. I was able to travel, quit my 9-5 job, and I didn’t have to worry about money. I had finally achieved financial freedom.

This is what it’s REALLY like to be a millionaire.

A lot of people get consumed with the idea of making ‘big’ money, fast. Adopting this get rich quick mentality can be a form of ego gratification or an insecurity.

When you are obsessed with making a lot of money, it is easy to lose sight of what really matters most in life – happiness. The fact is that money does not buy happiness.

Research shows that wealth may make it harder for you to appreciate simple pleasures in life, and that’s bad news for your mindset, given that most of life is made up of simple moments that have a lasting impact on our lives.

Michael Norton, co-author of the book, Happy Money: The Science of Happier Spending, suggests that, while this is all well and good, the simple pleasures in life don’t seem as exciting as the extraordinary ones.

However, he points out that you can shift this perspective by giving up a simple pleasure for a period of time, which will allow you to savor it even more when you bring it back into your life.

Oftentimes our favorite moments in life don’t involve extravagant things. Rather, they are simple things, like a conversation that left you laughing for hours with people that you love.

This is what it’s REALLY like to be a millionaire.

As many of you know, I preach the value of life mastery. I believe that relationships, health, and positive emotions trump money. You can have all the money in the world, but still be depressed, lonely, and unhealthy. In my eyes, that’s not a definition of success. That’s failure.

I know that I said earlier that I don’t think that money can buy happiness, but there are some circumstances where I believe that it can.

Money allows you to travel the world and experience new and exciting things. Memories of places that I’ve gone and the people whom I’ve shared those experiences with have brought an abundance of joy and happiness to my life.

Money also allows you to invest in yourself. If you aren’t growing, you are dying. The more that you are progressing in life, the happier you will be. For example, I am able to purchase things like a PEMF EarthPulse mat for my bed, which improves my sleep, so that I can perform at my best, every day.

Lastly, one of the biggest things that money provides you with is time. When you leverage it correctly, you can use time to do more of what you really love.

To make a million dollars you need to become someone of value and develop incredible habits that translate to all areas of your life. That is what I am most proud of in my life. The money that I’ve made as a result of the work I’ve done is merely a secondary benefit.

This is what it’s REALLY like to be a millionaire.

Jim Rohn once said, “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.”

Are you ready to upgrade your lifestyle? Be proactive and strive to become the best version of yourself. When you commit to life mastery, anything is possible.

Do you want to learn the 7 online business models that have made me an Internet millionaire in less than 3 years? CLICK HERE for instant access to my free course!

I would like to share with you how to calculate and track your net worth. This is one of the most important finance rituals that you can have for your life.

How will you ever know if you are getting ahead financially if you have no way of tracking your wealth?

I first started engaging in this ritual in my early 20’s, when I would track and update my net worth every 3 months. Today, I track it every 6-12 months. I have come to understand that my net worth is the most important number when it comes down to my financial wealth and abundance.

Theoretically, your net worth is what you would have in cash if you sold every significant possession and paid off all of your debts.

If your net worth is a negative number, don’t worry. You aren’t alone. All that matters is that you take action and start making better financial moves.

In the words of Benjamin Franklin, “Your net worth to the world is usually determined by what remains after your bad habits are subtracted by your good ones.”

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”http://www.buzzsprout.com/9299/553715-plm-461-how-to-calculate-and-track-your-net-worth.mp3″ background=”default” ]

Do you want to learn how to master your finances? CLICK HERE to join my Life Mastery Accelerator program!

It’s not about how much money that you make, but rather how much money that you get to keep AND what you choose to do with that money, in terms of accumulating assets and building up your net worth.

A great example of someone who has effectively mastered the investment game is Warren Buffett. Known to be worth $75 billion dollars, he is one of the most successful self-made investors in the world.

At the age of 11, he used cash from his paper route to buy farmland. At 15 years of age, he already had a net worth of $6000.

I believe that while we should all strive to make more money, that doesn’t necessarily mean that we are worth a lot of money. For example, you could make one million dollars per year, but you could also be spending all that money in one year. If you adopt this behaviour pattern, you will never get ahead in life.

The goal is to accumulate assets that can then provide a passive income source for you, which will continue to grow as you move throughout your life. If you take this path, you will achieve financial freedom.

I see a lot of people who work their entire lives, but have nothing to show for it. Make money, but make sure that you do something with it. If you don’t currently know how to manage your finances, then making money isn’t going to help you.

Your net worth is your assets minus your liabilities. Your assets are what you own and your liabilities are what you owe.

You want to focus on accumulating more assets. Go through all of your assets. Examples may be cash, a business, or investments like stocks, mutual funds, or real estate.

Calculate where you currently are for each of your assets, and then add all of them together. Keep in mind that your final number isn’t your net worth because you also need to take into account any liabilities that you may have.

For example, you may have a student loan, a line of credit, a car loan, or a mortgage. Calculate those liabilities and come up with a final number.

In order to determine your net worth, you would take your assets and subtract it by your liabilities. Ideally, you want to accumulate more assets over time and reduce your liabilities.

Watch my YouTube video above to see how to calculate and track your net worth using an excel spreadsheet!

When you go through the process of calculating and tracking your net worth, you may realize that you need to cut out some of your expenses and change your lifestyle. Being smart and taking these steps is what will determine your financial wealth, more than anything else.

This is how to calculate and track your net worth. The more that you measure something, the easier it becomes to manage it. I challenge you to create a ritual around financial wealth and abundance and make it a priority every day.

As part of my monthly Life Mastery Accelerator program, I have a live training session coming up in the next few weeks where I’m going to dive deeper into how you can manage your money more effectively.

I will also share some of the strategies that I employ in my life when it comes to creating financial wealth and abundance. A lot of people are great at making money, but they don’t know how to invest it, and that is what I teach people how to do.

I believe that financial freedom begins with a change of your mindset. Calculating and tracking your net worth is one of the most important steps that you can take in order to improve your finances.

T. Harv Eker said it best, “Focus on all four of your net worth factors – increasing your income, increasing your savings, increasing your investment returns, and decreasing your cost of living by simplifying your lifestyle.” The result? Financial freedom and abundance.

Do you want to learn how to master your finances? CLICK HERE to join my Life Mastery Accelerator program!

I have some exciting news! Warren Buffett has revealed his best investment advice. Known to be worth $75 billion dollars, he is one of the most successful self-made investors in the world.

Warren is a role model for any entrepreneur, investor, or business person that aspires to achieve financial greatness. Referred to as, “The Oracle of Omaha”, Warren Buffett had an entrepreneurial mindset from an early age. As a young adult, he was always looking for innovative and creative ways to earn money, which is how he made a net worth of $6,000 at the age of 15.

Many of the most successful people in the world attribute their success to sheer determination and commitment to their goals. While this speaks true, Warren Buffett offers a different perspective. Although the end goal of success usually equates to making money and getting rich, it isn’t what matters most in life.

You may be wondering, “How does one man become so successful?” The answer may surprise you. Are you ready to learn how to invest, the ‘Warren Buffett way?’

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”http://www.buzzsprout.com/9299/535749-plm-450-warren-buffett-reveals-his-best-investment-advice.mp3″ background=”default” ]

Do you want to learn cutting-edge tools and strategies for mastering all areas of your life? CLICK HERE to join my Life Mastery Accelerator program!

Warren Buffet believes the single best investment that he ever made was a lifelong commitment and curiosity for learning. In his own words, “Invest in as much of yourself as you can, you are your own biggest asset by far.”

When Warren Buffett was young he was terrified of public speaking. He wanted to master this fear, so he attended a Dale Carnegie public speaking class that ended up changing his entire life. Even to this day, he has his public speaking diploma hanging on his wall in his office.

You never know how one book, course, or seminar can change your entire life. Live with that positive anticipation that there is always something good that will come from having an optimistic mindset.

Chris Munger, the Vice Chairman of the Buffett’s Berkshire Hathaway Corporation, once said this about his colleague:

“Warren Buffett has become one hell of a better investor since the day I met him, and so have I. If we had been frozen at any given stage, with the knowledge we had, the record would have been much worse than it is, so the game is to keep learning.”

If you want to become the best that you can be, you need to adopt the mindset of a lifelong learner. I attribute most of my success in life to my love of learning. It has brought so much joy to my life, and it has allowed me to grow and evolve my online business at a much greater speed. If you look at my May 2017 Monthly Goals Report, you will see how much I invest in myself.

Who I am today is vastly different from the person that I was many years ago. I was a shy, depressed, insecure teenager who was broke and struggling, BUT I was committed to investing in myself.

If I wanted to master all areas of my life, I knew that I had to stop doing what I had always done. I found mentors, read books, attended seminars, went to workshops, and created networking events, all with the purpose of learning. I realized that what one man can do, another man can do.

Finally, Warren Buffett also believes in the power of investing in an index fund, otherwise known as a type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor's 500 Index (S&P 500).

From a historical standpoint, the stock market has always gone up, no matter what is going on in the world. The beauty of index funds is that they allow you to own 500 of the biggest companies in the U.S. There is no better way to create a simple plan for building your retirement savings.

How much time and money do you invest in yourself? The reality is that the more you learn, the more you earn. When asked to reflect on Warren’s success, Charlie Munger said, “Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you.”

If you are already investing in yourself, awesome. If you have yet to start, I hope Warren Buffett’s investment advice has inspired you to do so. It all starts with you.

Do you want to learn cutting-edge tools and strategies for mastering all areas of your life? CLICK HERE to join my Life Mastery Accelerator program!