My son Tom bought the Anthony Robbins book “Money Master The Game”
Robbins met with 50 of the most powerful influential successful investors
and masters of money on the planet arguably the most successful in history
He was looking for the commonalities and the threads that tie them together
He found that, 1 out of 3 baby boomers has $1000 in total savings today,
and 77% of our society say they have major financial stress.
He also discovered less than 40% don’t have any financial plan
and that the average person in the USA has less than $25000 in assets.
Robbins says that in general people find the financial awareness required
has the perception of being too complex because of the jargon and language.
This got me to thinking “I wonder how many millionaires there are in the world today?”
I did a Google search and found a site that showed The “World Wealth Report”
The “World Wealth Report” is a report on individuals with a net worth of at least $1 million,
in all assets except their primary residence.
In a nutshell the number is around the 1% mark.
So you can see for the aspiring millionaire, it’s not a walk in the park.
Probably the biggest thing I see online is the disconnect between the marketing and the reality
Like all the false McDonald’s hamburger advertising shown on our television screens,
the online world is a nightmare for newbies because of all the false messaging.
However, if you are an aspiring millionaire,
then here are a couple of pointers that may help you.
If 99% of people will never become millionaires in there lifetime,
just do the opposite of what those people do.
Find a way to get into your own business, even an online venture.
See if you can find a mentor who has been down the road before you.
Try to appreciate it’s not what you make that counts,
it’s what you do with what you keep that counts more.
Additionally try to accept that your biggest expense in business is paying tax,
meaning it’s super wise to get you head around legal tax minimization strategies.
Having a growth and knowledge strategy for tax minimization is worth hundreds of thousands of dollars
to anyone who takes the time to have the right accounting team behind them
Put a structure in place to take advantage of the law of compound growth,
compound growth is where you take advantage of growth on growth.
Read the chapter in Robbins book that talks about shattering the 9 financial myths,
this is where he has a big crack at the financial services industry.
It’s fundamentally asking you the question
“who is the best person to invest the hard-earned dollars you bring in”?
Is it you who actually earned the money or someone else who didn’t earn the money
Again this area alone is worth hundreds of thousands of dollars to you,
if you take the time to become aware of it and apply it.
So it’s your choice, get into the game and learn the rules
and you can surely become a millionaire in your lifetime.
Make sure you check out a video in the link below which is me
talking about “How To Become a Millionaire Fast – With These 8 Key Points”.
That is my observations this week,
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