Back in my day—and I mean yesterday—a man’s fortune was measured in cattle, land, Ferrari’s or how many folks just showed up to his funeral. Nowadays, it’s dashboards, index funds, and your ability to pretend avocado toast didn’t sabotage your retirement plan.
But here’s the truth, plain and simple: Millionaires don’t stumble into wealth like tripping over a sack of gold. They plan, they track, and most importantly—they save like their freedom depends on it. and your freedom does to.
So, before you scroll off to the next dopamine hit, let me hand you four numbers that rich folks monitor like hawks. Learn them, live them, and someday you might just wake up free—not because you hit the lottery, but because you built your own damn nest egg.
Now, I’ve seen folks spend more time choosing a phone case than planning for retirement. That’s like fussing over a steering wheel when your car’s got no engine. Truth is, becoming a millionaire isn’t magic—it’s math and mindset. Indeed being a millionaire is no big deal anymore,
Start living below your means, let your money do some heavy lifting, and give your future self a chance to sit on a porch swing someday without wondering how you’ll pay for groceries. Wealth, after all, ain’t about yachts and champagne—it’s about options.
So keep your wits sharp, your expenses dull, and your assets loud. The road to wealth may be slow, but it’s steady—and it sure beats walking in circles with a bucket full of debt.
It starts with knowing the numbers, your numbers, the truth.
If you know and can admit to the problem – then you can fix it.
Here’s how to do it:
🔢 Step 1: Know Your Monthly Income
What to track:
- Wages (W-2)
- Rental income
- Dividends
- Interest
- Royalties
- Capital gains
- Retirement account distributions (IRAs, 401Ks, etc.)
✅ Pro Tip: Only count money you actually control—cash that hits your bank or investment accounts.
💸 Step 2: Know Your Monthly Expenses
Include everything:
- Rent/Mortgage
- Utilities, car, insurance
- Groceries and dining
- Subscriptions and credit card bills
- Fun spending (yep, Netflix too)
💡 Rule of Thumb: Keep expenses under 70% of your income. The rest becomes your path to wealth.
📊 Step 3: Apply the 70/30 Rule Like a Millionaire
Break down the remaining 30% like this:
- 20% to pay down debt (especially high-interest like credit cards). Once you have no debt use this money for retirement
- 10% to Cash, Stocks, anything that you can sell easy if you need the money. It is your cushion. Keep it under your mattress if you don’t have any other option. BUT SAVE
💥 Start with simple investments—liquid, low-cost, diversified. Real estate is great but not always easy to sell in a crisis.
💰 Step 4: Track Your Net Worth
The millionaire mindset isn’t just about income—it’s about building net worth over time.
Net Worth = Assets – Liabilities
✅ Assets:
- Investments that generate income (stocks, rentals, royalties)
- Businesses or partnerships
- Anything that puts money in your pocket
❌ Liabilities:
- Debt on your home or car
- Credit card debt
- Loans for “stuff” that doesn’t earn money
🚫 Count your house as an asset but the goal long term is to have many more. Millionaires don’t rely on their primary home as a wealth builder.
🚀 Bonus Tip: Infinite Wealth Goal
Your ultimate goal? Let your assets pay for your lifestyle.
If your cash flow from assets covers 100% of your expenses, you’ve reached financial freedom—you never have to work again unless you want to.
📘 Want More?
Take my totally free and no obligation Next-Level 60-Day Life Improvement Plan (START HERE) You don’t even have to register just read.
✅ Summary: Millionaire Mindset Checklist
| 🔢 Area | ✅ What to Do |
|---|---|
| 💵 Income | Track all cash you control monthly |
| 💸 Expenses | Cap at 70% of income |
| 📊 70/30 Rule | 10% give, 10% pay debt, 10% invest |
| 📈 Net Worth | Focus on cash-flowing assets, not stuff |
💬 Final Thought:
Millionaires don’t guess. They track, plan, and invest consistently—not just when they feel inspired. Even school teachers have become millionaires just by following this strategy.
You don’t need to earn like a millionaire—you just need to think like one.
💼 Extra Credit: Retirement Accounts – Your Secret Tax Weapon
Millionaires don’t just grow wealth—they protect it from taxes and bad timing. You can do the same using these tools:
✅ 401(k) – Employer-sponsored plan that lets you invest pre-tax income and often comes with a matching contribution. That’s free money, folks.
✅ IRA/Roth IRA – Traditional IRAs let you deduct contributions today and pay taxes later. Roth IRAs flip the script: pay taxes now, grow tax-free forever.
✅ HSA (Health Savings Account) – The only triple-tax-advantaged account:
-
Contributions are tax-deductible
-
Growth is tax-free
-
Withdrawals for medical expenses? Also tax-free
💡 Use these to lower your tax bill now, and grow an emergency or retirement cushion for later.
Even if you’re not rolling in dough, maximizing these accounts is like digging a well before you’re thirsty. Rich folks love them. So should you.
I know this all sound vague, in my post I will try to be more specific on each and expand on the techniques to build them.
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