10 Steps To Become A Millionaire Part 2 of 2
10 Steps To Become A Millionaire Part 2 of 2
It's not about habits or processes. It's about results.
The reason we admire certain people is because of the results they get. There are countless other people who have habits that are just as inspiring," but who fail to produce powerful results.
Tim Ferriss, in his book "The 4-Hour Body," defines what he calls "minimum viable dose."
Basically, this is the minimum amount of effort to produce the desired result. 212 degrees is all that is needed to boil an egg. Anything beyond that is wasted effort.
Therefore, what result do you desire?
What is the most effective way to get that result?
Rather than obsessing about the habits and processes, you want to gain clarity on the result you want, and then reverse-engineer how to achieve it.
It is the goal that determines the process, not the other way around. Moreover, it's the results that also determine the process. If you're not getting the desired result, then you need to adjust your process. Don't be insane, doing the same things over and over and expecting different results.
Even still, we live in a culture that is obsessed with habits, hacks, and processes. None of these things make any sense in and of themselves. They only make sense in the context of a specific goal.
My process won't look like your process, because my goals aren't the same as your goals. My goals are what determine my process.
My habits won't look like your habits, because my goals aren't the same as your goals. My goals are what determine my habits.
When you get serious about big results, you stop obsessing about process altogether. Big and bold goals require ingenuity. They require courage to attempt stuff that might not work. They require going above and beyond anything you've ever done.
In reality, your goal is the process. You set a goal and that goal organizes your life. Once you hit it, you then set a new goal that re-organizes your life.
Goals are the means, not the end. They are means to growth and progress. Once you hit a goal, you take what you've learned and continue expanding.
6. Identify ideal mentors/partners
"Everybody wants to be somebody's Yoda." - Aminah Mae Safi
Don't just look for a job. Instead, create a job.
You create a job by providing opportunities to ideal people you want to learn from and work with.
This is how you can come to work very closely with your ideal mentors.
Wealthy people work to learn. Poor people work for money.
So, who do you admire?
Who is a role model to you?
Who is doing work you absolutely love?
Who has a life you want to emulate?
How can you help them achieve their goals?
How can you use your skills and abilities to enhance and improve what they are doing?
It is really so easy to get close to just about anyone. I've observed this over and over in my life. I've been able to develop very close relationships with anyone I've wanted.
It started with a vision.
I wrote down that I was going to learn from and work with certain people.
I studied their work.
I developed skills that would be useful to them.
I got myself into their environment.
I offered my skills to them in the form of an opportunity, one in which would help them further succeed.
I spent my time and effort helping them and learning a great deal in the process.
I became part of the inner-circle.
Being in the inner-circle, I'm now afforded rare knowledge, experiences, and opportunities.
This is what you want.
You develop mentorships and partnerships by being useful. You dedicate your thoughts and efforts to helping them. By helping them, you position yourself in a unique place. In this unique new position, making lots of money becomes easy.
7. Become a brilliant listener and observer
"Listening is such a simple act. It requires us to be present, and that takes practice, but we don't have to do anything else. We don't have to advise, or coach, or sound wise. We just have to be willing to sit there and listen." - Margaret Wheatley
"Seek first to understand, then to be understood." - Stephen Covey
Interestingly, in helping ideal mentors and role models, I've seen time and again how people overly value their own "wisdom."
Recently, I was on a call with one of my mentors. There were three of us on the call. The mentor, myself, and one other. We were all discussing my mentor's goals and plans for expanding their business and simplifying their life.
The conversation lasted about 90 minutes. 60 of those minutes were the other person spouting endless ideas without clear context. They were trying too hard to be useful or smart.
It wasn't helpful.
Instead, it's better to ask thoughtful questions.
What are they really trying to accomplish?
What are the current challenges?
What do you feel needs to happen?
Why do you want to make these changes?
Once you understand the context, then and only then will your words be useful. When it comes to relationships and communication, sometimes the stakes are very high. In these cases, you want to measure ten times and cut once. In other words, you want your words to be relevant and on-point.
You want it to be obvious that you're there for them, and not to boost your own ego.
If it's really about them, then make it about them. Ask questions before providing ideas.
Help them get clarity themselves through their own talking.
Make sure they understand what is really going on in their head by helping them clarify.
Then, when you feel you could provide insight, do it in the context of what they've already said.
They will then know that you are truly listening to them and that you're truly trying to help them.
They will love and respect you, because unlike most people, you are genuine. You're a listener.
8. Focus on who instead of how
"Stop asking 'how' and start asking 'who.'" - Dan Sullivan
Part of becoming a millionaire, or financially successful in whatever way you define that, is by evolving beyond what Dan Sullivan calls "rugged individualism."
When ambitious people set goals, they often ask themselves, "How do I do this?"
When you're first starting out, this is a fine question. But when your vision expands and your time becomes more valuable, you start asking a different question.
"Who can either do this for me or help me do this?"
Rather than trying to do the how yourself, you find the who to take care of the how.
Hiring people or even using services like Upwork is so easy these days. There are people all over the world with time and skills who are ready and waiting. Utilize these people.
You get the best people on board with whatever you're trying to accomplish by powerfully and clearly conveying the what and the why.
What are you trying to accomplish?
Why is it so important?
This is how you get people excited and committed. Simon Sinek, an expert of work culture, explains that everyone needs more from work than simply a paycheck. We all want to feel like we are a part of something important, meaningful, and worthwhile.
You offer that to people through the what and the why.
You may not see yourself as an entrepreneur. And you certainly don't have to be one. But if you want to start making more money, you'll need to stop doing everything by yourself.
Becoming a millionaire doesn't happen by being a one-person show.
You need to start building a team. And like everything else, you want to do that before you feel ready. Because in truth, you're never ready before you start. You're never pre-qualified to do anything. It is always the leap itself and then working through the process that qualifies you.
9. Continually update your values/definition of success
"If you're not [different from] who you were 12 months ago, you didn't learn enough." - Alain De B0tton
Transformative experiences can change your life. Similarly, transformative relationships can change your life.
You want to regularly have experiences and engage with people who upgrade your current approach and perspective of life.
Right now, you see the world a particular way based on your environment, your goals, and what you've been conditioned to focus on.
You can only see what is relevant and meaningful to you. Psychologists call this selective attention. What you focus on expands.
Right now, what you focus on may be different from what you were focusing on two to three years ago.
When you were young, you were focused on what your friends thought about you. As you got older, your focus shifted.
Peak experiences are a certain type of experience that bring something that has been out of focus into focus. When you have these experiences that shift your focus and attention, you begin to see the world differently.
You want to continually shine the focus of your attention on things that are meaningful and valuable to you.
How much of your time and attention is on things that don't really matter?
How much energy to you put into stuff that isn't serving you?
What could you be focused on, that would be way more worth you time?
I recently met a person who helped me focus way more directly on my relationship with my kids. He told me a story that really changed my perspective. I was really listening and receptive to what he was saying.
The story he told me hit upon things I'd already heard before, but that weren't strong enough signals to shift my attention. But his story and the whole experience really made it real for me, enough so that it changed my values and goals.
There are things you've heard before which went in one ear and out the other. Those are things you know, but don't do. Stephen Covey said, "To know and not do is really not to know."
Just because you're aware of something doesn't mean you pay attention to it. Becoming emotionally connected to something is how you begin paying more attention to it. As you engage in something, and begin to identify with it, it becomes a bigger part of your life.
Right now, look at your health. How much attention do you give it? You've heard a million times that your health is important. You're aware, but are you paying attention? Or, is your attention on other things?
Your attention can be measured by what triggers you in your environment. Hence, people who are addicted to alcohol are triggered by many things in their environment to think about alcohol.
What triggers you?
That's what you're focused on. That's what you identify with. That's what is meaningful to you. That's where your story of yourself lies.
You can design your focus so that your external environment triggers what you want to see.
Similar to attention, there are things you know are valuable, but that you personally don't value.
For example, you probably believe that good health is something worth valuing, but your behavior demonstrates what you really value. What you pay attention to is what you value.
So, you want to have experiences that shift what you could value to what you do value. You want to truly value things that will make the biggest difference in your life. You want to stop valuing the things that are sabotaging your success.
You want to set goals around the values you aspire to have. You want to create routines and an environment that bring those values to the forefront of your attention. Your input shapes your outlook.
You then want to live out those values daily. Then, you want to regularly have experiences which upgrade, expand, and refine those values.
If your definition of "success" hasn't changed in the past 12 months, then you haven't learned very much. If your definition of success hasn't changed, then you haven't been having powerful experiences.
10. Don't wait too long when you know it's time to change
"What got you here won't get you there." - Dr. Marshall Goldsmith
"Insanity is doing the same thing over and over again and expecting different results." - Albert Einstein
"The way to enjoy life best is to wrap up one goal and start right on the next one. Don't linger too long at the table of success, the only way to enjoy another meal is to get hungry."- Jim Rohn
Goals are means, not ends. Once you've achieved something big, don't get stuck there just because it worked before.
Everything you've done has brought you to this point.
What is the next big adventure?
What does the situation call for?
What does your imagination inspire?
What's the next big mountain?
One of the fundamental problems with success is that it becomes a trap. People who have succeeded big get stuck living in their past. They continue to explain themselves based on what they've done, rather than what they're doing.
Elon Musk is a powerful exception. You never hear Elon Musk talk about the Paypal days. Instead, you hear him talking about the problems he's currently solving and the vision he is currently pursuing.
He's not stuck in the past. Instead, he's using all of his past experiences to propel bigger and bigger results and goals and challenges.
He's always growing, transforming, changing, striving. This is a very healthy approach to life.
It's not hard.
You just need to know what you want and then become the person that gets it.
You can become a millionaire.
It may take five years. But five years of focused attention on something can take you a really long way.
What's the minimum viable dose for the results you want?
Becoming a millionaire will require you to change. But as Albert Einstein said, "The measure of intelligence is the ability to change." Jim Rohn said it best: "Become a millionaire not for the million dollars, but for what it will make of you to achieve it."
Here's the reality: you are currently fixated and focused on something. That's a fact. If you want to understand who you are, all you need to do is discover where your current focus and attention lies.
A fundamental part of conscious evolution is learning to control and direct your attention - so that you can shine that spotlight onto what you want, rather than what you've been conditioned to want. Fundamental to that is updating your environment and values, since these things center your attention.
What are you currently focused on?
What is currently meaningful to you?
What could be meaningful to you?
What could you value?
Who could you be?