Who wants to be a millionaire and why?

How many people want to become millionaires? If this question were asked in a seminar, the majority of attendees would raise their hands. Millionaire status has now become the American Dream equivalent of the white picket fence in the U.S. While millionaire status is an admirable goal to strive for, many of us have not really asked ourselves why we truly want to become millionaires.

Sure we all want to be able to pay off our bills and have a little money set aside for emergencies, but getting to that point can easily be achieved with a bit of discipline in your money management. Do you really want to have a million dollars sitting in the bank? Is it the money you want or the lifestyle that comes with the money. Most of us would agree that if we could achieve a similar lifestyle without the exchange of currency, we immediately say yes to the change in lifestyle. If everything we free, would you even want a bunch of green paper with numbers on it?

With that said, we can avoid the dreaded feeling of lack by creating the closest thing to a millionaire lifestyle (in your opinion) as possible. So ask yourself, how would you create your version of the millionair lifestyle?


The first thing you want to do is verbalize your definition of the millionaire lifestyle. As you do, keep in mind that a million dollars ain't what it used to be. Millionaires can not honestly go around spending unlimited amounts of money on frivolities without eventually ending up in an undesirable situation (think lottery winners). How many times have we heard the stories of wealthy celebrities ending up in financial dire straits. The reason for the financial demise is because he or she did not live a realistic lifestyle in accordance with their amount of wealth, even if that person was worth a million dollars.

If you were to become a millionaire, you probably would spend most likely pay off your debt, save for the future, fully enjoy the time you have, give to the less fortunate, take on more leisure activities, and build stronger relationships. Feel free to add to this list according to your desires but I believe that this short list would be a part of everyone's agenda once they came into a ton of money.

So how can you live like a millionaire on your current budget? First of all you should let go of limiting beliefs that keep your mind closed to the possibility of living the life you've always wanted. Start by asking yourself, how can I feel more wealthy right now? One answer to that question would be to take control of your finances. Controlling what you do with your money gives you power over your finances. Watching the money grow from your actions will make you feel wealthier. The first step in creating a millionaire mentality is to start controlling your money, otherwise known as allocating your paycheck. Set up an automatic way of allocating your money properly so you can free up more time to focus on more important actions. When allocating, you should make sure to pay off debt and save for rainy days. Millionaires have money to pay for unexpected circumstances. Once you automate the allocation of your funds, you too will have money to pay for unexpected circumstances.

Another luxuary of the wealthy is the ability to better control your time. Wouldn't you want to have more time to do what you want to do? Well you do, you just aren't taking advantage of the time you have. You probably are saying to me, "I have to work forty hours a week, I don't have time do to what I'd like to do." Well I have news for you my friend, millionaires, on average, work around 70 hours a week. If you worked 70 hours, would you be able to watch the evening television shows you now are able to induldge in?

You should realize that you have been given the same number of hours in each day as someone who is worth millions of dollars. The major differences lie in how each person chooses to make use of the time given. Perhaps you don't want to spend your extra time creating or building a business, that is completely up to you. What you should do instead is figure out is how you want to spend your extra time. Yes that's right, I said extra time. Watching television can be relaxing but if you chose to watch television every single night and weekend, you are not living like a millionaire. Worse yet, you are spending your extra time on non-fulfilling activities. How many people would say that if they had a million dollars, they would spend every evening in front of the television?

If you had lots of money, you probably would involve yourself in more extracirricular activities. You may take up tennis lessons or some other past time. Why not take on your new hobby now? Tennis lessons may be expensive but if you enroll in classes from a community college or a local recreation center, you can experience a millionaire intention with your current cash flow. What else would you do if you were a millionaire? If you were purposeful with your actions, could you be able to experience some of those desires right now?

If you are living paycheck to paycheck and can not afford to spend on anything but your bills? You too can experience a life as a millionaire. To do so, you must effectively incorporate the habit of creative visualization. Yes, I know that visualization may not seem like an acceptable substitute for the real experience, but if used consistently and effectively, visualization will help you obtain the "millionaire lifestyle" in two ways:

1. You can actually see yourself as a wealthy person, and a such, over time you will begin to subconsciously take on the qualities of one who immersed in abundance.

2. You will generate the feelings associated with living in abundance. You will see your time as valuable, your relationships as valuable, and yourself as having great values. One major barrier you now have to living the millionaire lifestyle is not having the feeling of living in abundance. When you see yourself clearly enjoying the millionaire lifestyle, living in abundance will seem like second nature to you.

Stop focusing on the dollar amount you have (or don't have) and begin to pour your attention on the intangible qualities of becoming a millionaire. If you commit to doing so, you no longer will feel helpless because of the amount of money you possess. Instead you will begin to feel overwhelmed because of the amount of wealth in your life.