Millionaire State of Mind

To touch = $1,000 ( as in just one touch oh )

Millionaire, millionaire, millionaire…Everyone wants to be  a millionaire, if it is possible for you, would you want to be ? Ofcourse, nobody would want to live life poor right ? So what kind of lifestyle does a millionaire possess actually ? Is it a that a millionaire is someone who spends lavishly ? or someone who dines in the finest restaurants anywhere in the world ? is a millionaire someone who drives a luxury car ?

It may seem so, for the media. However, in real-life, it will be totally opposite. A real self-mde millionaire will not live their life that way. What I mean here is that, self-made millionaires will not simply spend lavishly, din in the finest restaurant, and drive luxury cars (in this period of withdrawal of petroleum subsidy in Nigeria). I don’t mean that they won’t buy all thee things and enjoy their life, but they will only do all these after they have achieved their goals and with extra money to spend.

Some real – life Examples…

Did you know that IKEA’s founder, Ingvar Kamprad is the unofficial richest man in the world ? His net worth is $53 billion ( 8,480,000,000,000 Naira…Jeez! That’s 8.4 Trillion Naira ! ). One of the reasons he managed to accumulate so much money is because of his frugal nature (Stingy man oh, upon all that cash!?…kai ). Up till this morning, it is on record that Kamprad flies economy, drives an old Volvo and even waits until the afternoon to buy his fruits and vegetables, when the prices drops significantly ( this guy stingy well oh )

Lets checkout Sam Walton. If the founder of Wal-Mart were alive today, he will be the world’s richest man. If you take a look at Forbes list of the ten richest people in the world, Five of them are the Waltons who inherited their money from Sam. How did this once poor farm boy accumulate so much wealth / again, he was well-known for sharing rooms during business trips to save money, flying only economy and wearing clothes from his own discount store.

Another classic example is Warren Buffet. Its on record that Warren will not buy a brand new car as he thinks it’s just not worth the money. Back in the 60’s, Warren remarked that if he spent $20,000 ( 3,200,000 Naira ) on a new car, it would be worth little or nothing in 10 years time. He also knew he could achieve a 25% annual compounded return on his $20,000 if he were to invest it. Going by this returns, investing $20,000 would bring him $158,518 ( 25,362,880 Naira ) in 10 years, $1.26 million ( 201,600,000 Naira ) in 20 years and $9.96 million ( now do the math yourself, convert to Nigerian Naira at the rate of 160 Naira to $1 ) in 30 years…he figured that $9.96 million was too much to waste on a car! Smart guy.

Why make all these money if you can’t enjoy it?

Duncan Mighty spent over $187,500 on this

Many people have the wrong idea about what being a millionaire is all about. They believe that millionaires live lavish lifestyles and all that self-indulgence brings lasting happiness. However, now you know that all these are not true. A real self-made millionaire will not simply spend their money on something unnecessary.

And if it is so, you may ask this question, “Why make all this money if I cannot actually enjoy them?” Here is the answer to this question, do what you love, and money will follow.

Do what you love, and money will follow.

All these successful people, they are rich because they do what they love. Look at Bill Gates, Warren Buffet, Donald Trump. They like what they do. It is not about money, it is doing what they love to do, and money is just the measure of their achievements. Remember this, self-made millionaires did not enjoy their life by spending the money, instead they enjoy it by doing what they love to do for a living.

D'banj and his Aston Martin

Make this clear, if spending money is what you enjoy doing, then you will never ever be rich! However, if you enjoy creating wealth, then your wealth will be guaranteed. I hope that you can see how people think toward money.

I have heard on an audio program by Robert Kiyosaki, where he say that too many people cannot see through the other side of a coin. What they can see is just one side of the coin, where money is not enough. If you can see the other side of the coin, the world where money is in excess just like the air you are breathing, then that will be the day you change your life forever.