Clear and Concise: 11 Things You Have to Give Up If You Want to Become a Millionaire

According to self-made millionaire Steve Siebold, nearly everyone has what it takes to become a millionaire. In his book How Rich People Think, he writes:

“Like most things in life, being good at making money is no different than being good at anything else, like being an amateur golfer, losing weight, or mastering a second language.”

While it may seem so easy to say, success, like most things in life, is not simply attainable. If you want to become a millionaire, you will most likely need to make some lifestyle changes and sacrifices.

“The main money goal of the masses is to retire at 65 and have enough money to survive until death.” writes Siebold.

Don’t be afraid to think big, says Siebold. After all, the average person has everything they need to make more money than they can spend. Like the rich do, “If not you, who?” start thinking.

While wealthy people value the importance of saving and investing, they also say that they focus on looking for ways to get really rich .

“The masses are so focused on discount seeking and thrifty living that they are missing out on great opportunities,” Siebold said. says. “Even in the midst of a cash-flow crisis, the rich reject the masses’ penny thinking. They focus their mental energies where they belong, the big money.”

Siebold says average people choose to be paid either on a fixed salary or on an hourly basis. Meanwhile, wealthy people choose to get paid based on results and are often self-employed.

“Waiting for a salary is the slowest path to that prosperity for most people. It is promoted as the safest path,” Siebold said. he writes. In contrast, the wealthy know that self-employment is the fastest way to wealth.

Money doesn’t look simple. If you want to build wealth, you must have a clear goal, a specific plan, and tough deadlines.

The average person reluctantly wants many things. Rich people, on the other hand, stay focused on one big goal at a time and set a deadline to achieve it. This is how self-made millionaires were born.

“The middle class is notorious for living beyond their means,” writes Siebold. The rich have multiple income streams and pay themselves first, rather than spending everything they earn. “Instead of focusing on spending and saving, focus on how to earn more, what percentage to invest, and how to spend the rest as you wish,” Siebold says. says.

Siebold states that the rich would rather be educated than have fun. The power of learning is realized long after college or any formal education is over.

“Enter a rich man’s house and one of the first things you’ll see is their extensive library, which they use to educate themselves. The middle class reads novels, newspapers, and entertainment magazines.”

Who you hang out with is more important than you think. In fact, the person you choose to surround yourself with can even affect your net worth, Siebold says. “Successful people generally agree that consciousness is contagious, and that exposure to more successful people has the potential to broaden your thinking and increase your income. We become like the people we associate with, and so winners attract winners.”

Siebold says ordinary people tend to miss the good old days. Meanwhile, rich people are busy imagining the future. People who believe their best days are behind them rarely get rich and often struggle with unhappiness and depression.

The average person wants to be comfortable. Rich people, on the other hand, are affected by uncertainty. “Physical, psychological, and emotional comfort is the primary goal of the middle-class mentality,” writes Siebold.

Top-notch thinkers learn early on that being a millionaire isn’t easy and the need for comfort can be devastating. They learn to be comfortable working in a situation of ongoing uncertainty.

“The big ones operate on a level of consciousness without fear,” Siebold said. he writes. At this level of thought, anything seems possible. Every dream that sounds crazy to the masses becomes surprisingly feasible. To work at this level, you must be willing to leave your comfort zone . This is exactly what the richest people do.

While the middle class keeps their financial expectations low to never be disappointed, the rich set their expectations extremely high and are ready for any challenge.