Did you know that they are over 18.4 Million Millionaires in United States alone. What are the odds of you joining the millionaires in Dollars.
Or Even Join the big Boys in 2022 or Even make Billions.
29,500 millionaires
There are currently 29,500 millionaires in Nigeria, and the country’s richest person, Aliko Dangote, controls a $10bn fortune that makes him the world’s 134th most wealthy person.
46.8 million millionaires
There are a total of 46.8 million millionaires worldwide, according to the report, and they collectively own approximately $158.3 trillion.
What is the defination of a Millionaire in Dollars ?
A Millionaire is someone who has a networth of a Million Dollars that is about 580,000,000 Million Naira not Just 1 Million Naira.
So you have become a Millionaire in Dollars before trying to become a Billionaire in Dollars.
Networth means how much you own in terms of asset not how much you owe in debts.
1,724 Dollars pere is about 1 Million Naira π°π
Millionaires didn’t just wake up one day and say wow I am now a Millionaire.
Unless they were born a Millionaire maybe from a rich family. Every Single one of them worked for it, saved money and invested for the long term.
It is not accidental instead it is much more intentional and strategic.
From studies it takes on the average this Millionaires about 28 years to hit that million dollar networth mark. (N580,000,000).
28 years is not get rich quick, most of them reach that MILLIONAIRE status at age 49.
The shocking statistics less than 5% get there in 10 years or less.
5 Reasons why you are not chilling with the boys yet.
1. YOU WERE NOT TAUGHT HOW MONEY WORKS IN SCHOOL, YOU WERE ONLY TAUGHT HOW TO GET GOOD GRADES, GET A GOOD JOB
In school you never did those courses on Money 101, investing 101, wealth building 101. Those classes never existed π.
Those classes were never taught.
Most Parents don’t know how money works they never taught you how money works.
The Professor in school didn’t know how money works who taught you in school.
Most of your friends didn’t know how money works.
Therefore growing up you didn’t know how money work.
Isn’t it ironic we spend our entire life earning money. We go to school to get educated so that we can have a career and get a job. So that we can earn money. We write that resume, we go to work everyday to earn money.
We spend every day of lives trying to earn money but we don’t know anything about money.
Most People are in debt, we don’t know how to manage money and we don’t know how to multiply money because of the conditioning in our society. We were not taught how money works.
You need financial intelligence skills to Chill with the big boys in 2022.
This is why most people don’t become millionaires in dollars yet.
What if you make money like a subject you study in school in your spare time?
What if you study money like your life depends on it Because you are going to spend time earning it.
What about learning about investments , savings , real estate ,budgeting ,having multiple streams of income and even knowing how to calculate your networth ?
Do you save money monthly, weekly , or yearly?
Do you invest money into things like real estate or a house that can bring you rental income?
Do you have savings that can last you for 6 months if you stopped working today?
Do you own any assets in your name ?
Doesn’t it make sense studying how it works.
2. YOU DON’T HAVE A HIGH INCOME SKILL
Your parents told you go to school get good grades and get a nice and safe secure job.
You were never taught to develop a high income skill.Anything less than that means you are still learning how to.
The reason why most people don’t become millionaires is because they don’t have high income skills.
They don’t even understand the concept of high income skills.
Guys so it is not juju or village people it is either you have high income skills or you don’t.
The skillset is what is going to give you the peace of mind , the security and the financial confidence.
When you have the skillset you are not depending on a company or anyone to survive or put food on the table.
How much money you earn is determined by how much value you can leverage with your skillset.
When you have the skillset it means there is no ceiling to your income.
You can earn as much money as you can as long as you are willing to work on your skillset and bring more value to the market place.
3. YOU HAVE A NEGATIVE RELATIONSHIP WITH MONEY
Many People growing had negative relationship with money. You must have things like money doesn’t grow on trees, money is the root of all Evil.
It comes from a place of scarcity.
There is that mindset that rich people are evil , greedy, selfish , filthy , stinking rich.
There is a lot negative beliefs about money.
This was planted in our minds as children.
We don’t talk about it. There is so much negative association with money itself.
Some people have it in their subconscious if I make more money I am a bad person, people will hate me , people won’t like me.
Negative beliefs about money holds one back.
It is like a man running on a treadmill, that is the power of negative relationship and beliefs about money holds one back from financial success.
Being Broke = having negative relationship and beliefs about money towards wealth and wealthy People.
4. YOU GET INTO DEBT IMPRESSING PEOPLE BUYING LIABILITIES TO IMPRESS PEOPLE YOU DON’T EVEN LIKE
We are a consumer society we like to consume and buy. Are we buying nice things because we like them or we buy them to impress our haters or seeking validation or impress people we don’t actually care about. They don’t care about us , we don’t care about them.
E.g maybe buying things like an iPhone latest version to impress people you don’t even like.
Spending on liabilities and not investing money, spending money on parties, travelling or even buying drinks for everyone.
Buy for the value you enjoy from those things, are those things actually important for you.
Most Millionaires or Billionaires have exceptional communication skills. They recognise communication brings wealth.
Public speaking, one on one communication, negotiation, sales , closing.
Communication in print called copywriting and leadership skills.You can do more , be more when you start getting deliberate and intentional in acquiring this skills.
5. YOU HAVE NOT YET DONE YOUR MILLIONAIRE MATHS
The Millionaire or Billionaire Mathematics
The biggest mistake people make that gets in the way of their own success is thinking that becoming a millionaire is impossible. They simply donβt think it can happen. But it can. So you want to be a millionaire? Good. The first step is simply deciding on your goal. Your second step is to do the math. Did you know that most people will produce or be in contact with a million dollars in their lifetime? If you earn $50,000 a year for twenty years, you earn one million dollars.
The biggest mistake people make that gets in the way of their own success is thinking that becoming a millionaire is impossible. They simply donβt think it can happen. But it can. So you want to be a millionaire? Good. The first step is simply deciding on your goal. Your second step is to do the math. Did you know that most people will produce or be in contact with a million dollars in their lifetime? If you earn $50,000 a year for twenty years, you earn one million dollars.
For any goal to be achievable, you must believe in its possibility as a realistic and doable goal. The way to do this is simply by doing what is called Million Dollar Math. How many different ways can you earn one million dollars? You should figure all of them out.
Do the math to create possibility, then create strategy.
After doing the math People suddenly realized how achievable their goal really was. People say, βI never did the math!,β or, βThere are so many ways to get there!β They could finally see what they had to do.
Change your mindset, and do the millionaire math. Keep it simple. The strategy will come after.
Here are 13 ways to a million dollars:
Salary of $50,000 for 20 years
Salary of $100,000 for 10 years
Salary of $250,000 for 4 years
Earn $114 per hour, every hour of the year
5,000 people buy a $200 product
2,000 people buy a $500 product
10,000 people buy a $100 product
1,000 people buy a $1000 product
5,000 people pay you $17 per month for 12 months
2,000 people pay you $42 per month for 12 months
1,000 people pay you $83 per month for 12 months
500 people pay you $167 per month for 12 months
300 people pay you $278 per month for 12 months
So how are you going to make your million?
Of course you must be aware a Million Naira is Not a Million Dollar.
Tasks for the day
What are those negative thoughts and beliefs you had about money growing up ?
What high income skills will you be deciding to master henceforth that help you increase your lead generation or close more sales and increase your income ?
Have you done your Millionaire Mathematics?
Thanks for your attention
Please Enjoy your Day.
Dr Laide Okubena