How to Become a Millionaire Step by Step.

Today, I’m going to teach you one of the most deep concepts I’ve learnt in my life, which has helped me become a millionaire at the age of 34 and a multimillionaire by the age of 38. You may not be aware of it, but this is one of the most toxic notions and ideas that you have ever encountered. That making money rapidly is a poor concept. You’ve heard the term “get rich quick.”

In our society, we feel that if you acquire money or accumulate wealth rapidly, it must be shady, illegal, or a fraud, right? Getting rich quick is a horrible concept. When people ask, “Is this get rich quick?” you better hope it is. Because you don’t have time to grow rich slowly. So what do I mean by that? Wealth is measured in terms of time rather than money alone. Let’s say you earn $25,000 every year.

Let’s say you work for 40 years. How much have you made? A million bucks. Is $1 million a lot of money? Yes, you’ve made a million bucks. The question is, are you wealthy? No. Why not? Because it took you 40 years to accumulate a million dollars before earning a million dollars. Now consider a different scenario. Let’s imagine you still make a million dollars, but instead of 40 years, you earn it in 12 months, or one year. Now, are you wealthy?

Yes! You are now a millionaire. What’s the difference? It’s the same $1 million. The only difference is how long it takes you to make it. And the wonderful thing is, what happens when you make a lot of money in a short amount of time? You now have more time to savour it. Instead of waiting till you’re 65 to enjoy your money for about ten years, why not enjoy it for 30, 40, 50, or 60? That is the only difference. That is why wealth is not judged by how much money you earn.

It’s how quickly you make the money. Now, what if you make a million dollars per month? Let’s think big. A million dollars per month. A person who earns a million dollars per month is 12 times wealthier than someone who makes a million dollars per year. And he or she is 480 times wealthy than the person who earns $25,000 over 40 years. And this is why wealthy individuals place a higher value on time than money. Poor individuals value money more than they do time.

And that is why, if there is something wrong with my Land Cruiser, such as an oil change, or if I need to go somewhere or fix the car, I will not do it since it is not worth my time. My time is considerably more precious. I have other activities that could generate additional income. I became wealthy after I realised how valuable my time was.