The title alone caught my interest...after all who wouldn't want to be a millionaire...we can't all win lotteries....getting your million may need some serious hard work. After the title, my eyes wandered further still...and lo and behold the dark corner of my mind became unlocked by the key of knowledge, when I happened upon the words-" First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire."
Needless to say...that blew my mind wide open...I'm talking wham! bam! pow! Batman style. Of course I wanted to see a million dollars...getting the first million will be hard enough...so now I have to think about getting multitudes of millions...you could blow me down with a feather.
Mainly because....I thought this was obvious!?! Am I the only one...by the time I take my one million...buy the house of my dreams and pay for its upkeep...donate some to charity...shut my eyes and let government rob me of the rest under the guise of taxes....my million is gone...and with it my legacy.
Let's face...there's no point working hard to accumulate wealth and that's all you do...sit holed up in your tower counting it over and over...watching it grow but doing nothing with it. For those connoisseurs of cartoons, I'm sure we all know SpongeBob SquarePants.
In one episode, the character Mr. E. Krabs made a wish to be able to talk with money. When it was granted by the Flying Dutchman, he asked the money what it is they wanted and the resounding reply was "we wanted to be spent, we are money...its what we were made to do!"
I'm not saying that as soon as you make money you spend it, I'm saying be wise with your money. Your money should work for you, as much as you need it to work. Being an entrepreneur means sacrifices will have to be made, at least until you can achieve a level of financial security, where your profit isn't being sunk into your overhead expenses and you aren't basically living from pay check to pay check...that's if you are even getting a pay check.
Working for your million and beyond is hard work and you should enjoy the rewards that will come from the hard work and dedication. Smart spending, and investments can easily aid you in turning that one million into more, just don't become to reckless...after all money doesn't grow on trees.
I either read that exact article before or one very very similar to it. It really does put the entrepreneur at heart. For an easy goer like me who is pretty satisfied with simpler things, I can still attest to everything the article says.
ReplyDeleteI prefer to make my million(one) by investing in my retirement. If it is one thing I don't want to sacrifice a lot of is time, it takes a lot of time to make a million, the earlier you want it, the more time you sacrifice in the present.
I love that spongebob reference. Sometimes it is easy to forget that. Money is made to be spent.