Day 1: Do You Want To Be A Millionaire? - Seven Dollar Millionaire

Do you want to be a millionaire?

Or do you want to pretend you are one, spend money like you think they spend money - and then have no savings?

Ask yourself if you want the security, independence and yes, wealth, of being a millionaire, or do you want to spend money like you think a millionaire spends money.

The difference between thinking like a millionaire, and spending like a millionaire, is one of the most important things we can learn.

You see, if you’re not already a millionaire, living like you THINK you are a millionaire will STOP you from becoming a millionaire faster than anything else

If you have $999,999 in the bank, and you’re only one dollar short, and you go out and buy an expensive car for $100,000, you’re $100,000 further away from being a millionaire.

Even if you have actually tipped over the scales, and you have a $1,000,000 in the bank, splurging $1,000 on a designer outfit will put you back below a million again, and you won’t be a millionaire anymore.

And if you’re further away from being a millionaire than that, with no savings at all, then spending money like a millionaire even briefly will mean you never get down that track.

Before you have a million dollars, or a lot more than a million dollars, living like you THINK you’re a millionaire will STOP you from being one.

You’ve seen the pictures, the videos, the influencers and the insta-scammers who show the world their incredible lives and their amazing spending, their luxury and their bling. They know how to spend like millionaires.

But most of them aren’t millionaires and will never become millionaires, even if they earn a million dollars a year, because they spend it all too. Even worse, most of them will probably end up poor, with nothing to show for their spending other than a bunch of empty boxes and some eventually unfashionable clothes.

If you really want to become a millionaire, you have to save money, not spend. At some point, you need to have a million dollars in the bank (and preferably lots of other investments) that you saved and didn’t spend.

The great news is, you don’t need to save a million dollars. We have calculated that if you save and invest steadily, getting a reasonable return of 7% on your investments, you will only need to save a total of $127,750 in your lifetime, or:

Just SEVEN dollars a day, and then you will be a millionaire!

Here’s how we can help you get there. Sign up to our personal finance messaging course, HERE, or head straight to our cheatsheet.