The 3 Ways To Become A Millionaire

How many millionaires are there in the United States? What If I told you that just in 2018, 700K people became millionaires. And now try to guess the total number, it's in millions, to be exact, there are over 11 million millionaires just here in the US! And now try to imagine how many millionaires are there worldwide! the world is actually filled with millionaires! Every single day, thousands of people join the club. However, If you give it a closer look, all millionaires can be divided into 3 categories, because, there are essentially 3 ways to become a self-made millionaire unless your dad will give you a small loan of a million-dollar, and that will be the fourth way. By the way, contrary to the popular belief. Only 20 percent of millionaires have inherited their wealth, the other 80 percent made it with their blood and sweat. In fact, out of 2604 billionaires worldwide, 56% of them are self-made. So even if you are not born with a silver spoon in your mouth, your chances to become one are reasonable. There are basically 3 financially paths you can take! Sidewalk, Slow lane, and The Fast lane!

1. Slow lane is get rich slow formula, or get rich old where you will be on a wheelchair! The Slow lane is your typical parent's advice: Go to school, get good grades, graduate, get a good job, save 10%, invest in the stock market, max your 401k, clip coupons…then, someday, when you are, oh, 65, maybe 70 years old, you will be rich. Congratulations, you have made it! The problem with the Slow lane is that you will have to sacrifice your entire life so that you can live your dream life when you are in a wheelchair. Which I don't really like because once you are old, you can’t get back young again, and Time is out of your hands. So as your income, you can’t double it or triple it every year, try asking your boss for a 100 percent raise, you will most likely get fired! So, If you decide to take this path, remember, you are not going to drive that Ferrari while you are young, you are not goanna travel and have adventures because it's quite difficult to do that when you are 70. You will live like a slave waiting for Friday to celebrate your freedom and then get back to slavery on Monday. If Buffet started investing when he was just 11 years and only made his first million by the age of 31. How long do you think it will take you to make even a million dollars when you haven’t even invested a single dime in the stock market yet and you are 25! Nonetheless, it’s probably the best strategy for most people.
Although you will have a boring mediocre life, you will have a financial plan that works! Even if it's not exciting. You will be a millionaire in 30 or 40 years. In fact, a considerable number of millionaires in the US have taken this path. It's safe, secure and guaranteed and better than the second option - The Sidewalk.

2. Sidewalker: The Sildewalkers are usually one step away from bankruptcy, because they are more bothered about living their dream life today and aren’t much into the future. They can even make millions of dollars but still, end up poor like a professional athlete or an actor. Your album fails, you get injured, and you get homeless and file for bankruptcy. Even if you have a prosperous carrier, chances that you will remain a millionaire after you retire are really low. 78% of NFL players are either bankrupt or under financial stress within 2 years of retirement. 60 percent of NBA players go bankrupt after 5 years of ending their career. Imagine making millions of dollars but still go broke. It sounds unbelievable, but that’s what happens when you decide to become a pro athlete. There isn't time for financial education, you have to work hard day and night to be at the top, and there will be people who are more talented than you or simply have better genetics. The numbers of athletes who end up making it to the pro level are less than 1 percent. While you are having the greatest years of your career, you get used to a certain lifestyle that’s completely taken care by your multimillion dollar salary, and once you retire its difficult to get back to an average life. So you go broke in few years. The numbers of athletes who build a sustainable business while making it to the top like Michael Jordan are an extremely small minority. And even those who end up earning 400 million dollars like Tyson did can still go absolutely broke! The worst part about it is that. With the rise of social media, everyone is taking the sidewalk. You pull out your phone and see how these people are driving ferries and living their dream lives. and You don't want to be left behind, You might be working hard, but whatever money you make, you spend it on the next great gadget, on the next trip so that you have something to post on your Instagram. On a more expensive car. Sidewalkers are trapped in such a lifestyle where they are driven by their urgent instant need for pleasure. Every dime you make will directly go to your car payment, clothes, whatever. You are not worried about the future because you think that someday, sometime in the future you will hit big. but you most probably won't. So it's not the wisest option to take!

3. Fast lane And then there is the Fast lane. The whole idea behind it is that, instead of sacrificing today for tomorrow or tomorrow for today. Get out and provide value to as many people as possible. You see most of us are consumers because to provide value, you need to have something first. And most people do not take the time and effort to build themselves up to a point where they will have something to give. Mark Zuckerberg became a billionaire in just a few years because he provided a platform to millions of people to socialize. If you give it a closer a look, the purpose of any business is to give value in different ways, the store besides your house provides you with the groceries, the restaurant downside the road provides you with the food. Your favorite YouTuber provides you with content that you find interesting. Amazon saves you the time and makes shopping much easier! And what makes this path much more appealing than the other two, There is no limit to how much you can make! You want to triple your income in the next 3 month, It's under your control! You don't have to beg your boss for a 5 percent raise like the Slowlaners do. And you are not scarifying your future like the sidewalks do because Fastlaners take that money and buy real estate, patents, businesses that will keep raising their income.
The challenge with the Fastlane is that you will have to spend first an enormous amount of time to create something that will truly bring value to a substantial number of people. Of course, it's not easy, and most people would never be able to do that, because the other path looks more appealing since that’s what being rich means to most people. But  “When you finance an $80,000 Mercedes Benz over six years because that's all you could afford, that isn't wealth, but the impersonation of wealth. You are Fooling yourself. It still blows my mind how people travel while not having even a thousand dollars in their savings account. Wealth isn't embodied in a car or clothes but in the freedom to know that you can buy it. That's why it's easy to find self-made not only millionaire but billionaires who are cheap because they know that they have the freedom to afford pretty much anything anytime they want. On the other side, you have people who haven't paid their students loans yet but are completely comfortable to take another loan to show everyone how successful they are. People don’t choose to be poor.
They make poor decisions that slowly lead them into that direction. Conclusion  So here are the 3 financial roads that you can take to become a millionaire. Of course, the Fastlane is the most rewarding one where you can become a millionaire in just a few years and stay one for the rest of your life., but its also the most challenging one, which is why most people won't take it, but being a Sidewalker isn't sustainable, that's why the Slowlane is probably the best option for most people. This Article is based on a book, the Millionaire Fastlane by MJ Demarco, It's a brilliant read which I recommend to everyone. It's quite different from all other books on this subject.

Use This To Control Your Brain - Mel Robbins

IT TAKES 5 SECONDS! USE THIS TO TRICK YOUR 

BRAIN

By: Mel Robbins

There are so many people in the world and you may be reading this right now and you have these incredible ideas and what you think is missing is motivation and that's not true because the way that our minds are wired and the fact about human beings is that we are not designed to do things.

That are uncomfortable or scary or difficult our brains are designed to protect us from those things because our brains are trying to keep us alive and in order to change in order to build a business in order to be the best parent of a spouse to do all those things that you know you want to do with your life with your work with your dreams you're gonna have to do things that are difficult uncertain or scary which sets up this problem for all of us. You're never gonna feel like it, what do you think that is oh I know exactly why that is because I've studied this so much because for me one of the hardest things to figure out was, why is it so hard to do the little things that would improve my life and what I've come to realize is that the way that our minds are designed is our minds are designed to stop you at all costs from doing anything that might hurt you.

The way that, this all happens is it all starts with something super subtle that none of us ever catch and that is with this habit. That all of us have that nobody's talking about we all have a habit of hesitating. We have an idea you're sitting in a meeting you have this incredible idea and instead of just you know saying it you stop and you hesitate now what none of us realize is that when you hesitate just that moment that micro moment that's small hesitation it sends a stress signal to your brain it wakes your brain up and your brain all of a sudden goes oh wait a minute wait why is he hesitating he didn't hesitate when he put on his killer spiky sneakers he didn't hesitate with the really cool track pants he didn't hesitate with the NASA tee shirt now he's hesitating to talk something must be up then your brain goes to work to protect you it has a million different ways to protect you one of them is called the spotlight effect, It's a known phenomenon where your brain magnifies risk to pull you away from something that it perceives to be a problem and so you can truly trace every single problem or complaint in your life to silence and hesitation those are decisions. What I do and what's changed my life is waking up and realizing that I'm never gonna feel like doing the things that are tough for difficult or uncertain or scary or no so I need to stop waiting until I feel like it and number two.

I am one decision away from a totally different marriage, a totally different life, a totally different job, a totally different income, a totally different relationship, with my kids not like one decision I'm divorcing you in in the marriage example but one decision on you know you could be having a conversation with your spouse and you feel your emotions rise up and within a tiny window those emotions can take over and can impact. How your marriage goes or you can learn. How to take control of that micro moment and make a decision to act in a way that actually shifts your marriage your life comes down to your decisions and if you change your decisions you will change everything in the scheme of life hitting the snooze button is not that big of a deal but here's the thing about life none of us wake up and say! today is the day I destroy my life. what we do is we kind of check out because it feels overwhelming or we check out because we're afraid or we check out because we start listening to self-doubt and then we make these teeny tiny decisions all day long. We don't even realize it decision to not get up on time a decision, to not eat the right thing a decision, to snap at your kids a decision, to not speak in a meeting a decision, to not look for a job a decision, to not deal with your finances a decision, to not call your parent like whatever it is all day long these tiny decisions that take you so far off track and then you wake up like I didn't and you look at your life and you think how the hell did I get here and more importantly how do I get back over there and you have no idea and so I was so trapped and I know from your story you felt the same way like you knew that.

There was more in store for you but you couldn't figure out how you closed that gap how do you find the power that's in you how do you discover your greatness. How do you solve these problems it feels so overwhelming when you can't I mean I would go to the grocery store and the items would scan and I would be sitting there reading my excuse because there was no way that my check fur was gonna clear. I got in this struggle with myself that a lot of us find ourselves in and that is you get trapped in. What I call the knowledge action gap you know, what to do but you can't seem to make yourself do it right. I mean every one of us is one Google search away from a list of instructions that if you follow any of them one, it will change your life but how do you get out of your head and stop thinking about what you need to do and actually do it and in my case this stuff was pretty easy get up on time make breakfast for the kids get them on the bus start looking for a job, don't drink so much instead of isolating yourself pick up the phone and call a friend get yourself out into the woods and go for a walk start running again it's like all these little things that I was capable of but I couldn't get out of here, could not get out of here and if you're stuck that's the problem. 

The problem is you're in your head you're thinking, when you set goals when you have an intention on something that you want to change about your life your brain helps. You what it does is it opens up a checklist and then your brain goes to work trying to remind you of that intention that you set and it's really important to develop the skill and I say that word purposefully the skill of knowing how to hear that inner wisdom and that intention kicking in and leaning into it quickly so for me my brain saying that's it right there move as fast as a rocket. Mel I wanted to change my life and I think most people that are miserable or that are really like dying to be great and dying to have more, we want to change we want to live a better life, we want to create more for our families, we want to be happier, the desire is there again. It's about how do you go from knowledge to action so the first thing in the story that's important is realizing that the answer was in me and my mind was telling me pay attention.

Anyway the next morning the alarm goes off and I pretended NASA was there it's a stupidest story I literally went 5 4 3 2 1 I counted out loud and then I stood up and I'll never forget standing there in my bedroom it was dark it was cold it was winter in Boston and for the first time in 3 months I had beaten my habit of hitting the snooze button I couldn't believe it and I thought wait a minute counting backwards said is the dumbest thing. I've ever heard in my entire life well the next morning I used it again and it worked the next morning I used it again and it worked the next morning I used it again and it worked and then I started to notice something really interesting there were moments all day long all day long just like that five-second moment in bed where I knew knowledge what I should do and if I didn't move within 5 seconds my brain would step in and talk me out of it every human being has a five-second window might even be shorter for you have about a five-second window in which you can move from idea to action before your brain kicks into full gear and sabotages any change in behavior because remember your brain is wired to stop you from doing things.

That are uncomfortable or uncertain or scary it's your job to learn how to move from those ideas that could change everything into acting on them when you understand the power of a 5 second decision and you understand that you always have a choice to go from autopilot to decision-maker everything in your life will change. You will be a different negotiator, you will be different sales, you will be unstoppable in the gym because you will realize the amount of garbage that you put in the way of your hopes of your dreams of your potential of your confidence of your courage everything comes down to the decisions that you make we all know what to do none of us know how to make ourselves do it. I started researching it why does something so stupid work. Why something does so silly create such powerful and profound change well here's why the rule is a form of metacognition. Metacognition is a fancy-pants terms that means something real simple you can outsmart your own brain in furtherance of goals they're tricks that you can use that actually outsmart the tricks your brain plays on you in furtherance of a higher purpose we all know this you can restrain yourself if you're in a situation that calls for it you can jump into a raging river to save your dog or your kid you can direct yourself in ways if it's important to you and so the rule what it does is it does something really remarkable when you count backwards 5 4 3 2 1 what you're actually doing is you're interrupting what researchers call habit loops that get encoded as closed loop patterns in your basal ganglia that's the part of the brain where your feelings or your emotions every habit that you have which is nothing more than behavior that you repeat that you don't even think of it and so when you go 5 4 3 2 1 it interrupts what's going on here that's spinning without you thinking and it moves and awakens your prefrontal cortex so when you hit one your habit has been interrupted so you've interrupted self-doubt you've interrupted maybe snapping at your kids you've interrupted the desire to grab for a drink you've interrupted procrastination.

You've also by counting backwards done an action it's awake and your prefrontal cortex that is the part of the brain that you need that's awake when you're changing behavior when you're learning new things. When you hit one it's also a prompt so in the language of research you'll hear people talk about starting rituals that is that is something that's proven to help you learn a new habit.

The five-second rule when you repeat it becomes a starting ritual that triggers you to act with confidence. That triggers you that this is a moment for courage that triggers you to shift gears and because you've also done the manual work of awakening. The part of the brain that you need to change, you've set yourself up for success it doesn't work if you count up because you can keep going and also counting up doesn't require focus if you count backwards 5 4 3 2 1 it again awakens the prefrontal cortex and it prompts you to move when you start to use it and then you read about it you'll see that that it's being used all over the place. They use it in the armed services in order to align troops and get them to start an exercise they use it at elementary schools 5 4 3 2 1 a big assemblies to get a huge room full of kids stop talking simple and interesting example yeah because it requires you to focus it's not a habit it will become a habit that prompts you to have confidence courage but in the beginning it interrupts patterns of behavior that you do an autopilot it helps you assert control and it teaches you how to become the kind of person that moves from thinking about something to actually doing it.

I think we're all flawed and that's the beauty of who you are and instead of trying to make yourself perfect in every area it's so much easier. When you accept the things that you're terrible or at or that are your weaknesses or that are the things about your wiring look. if I were diabetic I would take insulin. I happen to be somebody that's wired for anxiety no big deal so figure out how to instead of fighting those things actually trick it because the truth is that you're never goanna feel ready to make these changes you're never goanna feel like doing them but you can always make a decision that's always in your control staying with somebody that treats you like garbage is a decision it is staying at a job that you hate is a decision staying in the body that you are not proud of is a decision is it going to be easy no it's not goanna be easy to change it's simple to a Google search and then use the five-second rule to force yourself to do that stuff change comes down to five second decisions and this is why the five-second rule is important for everybody to know it's your job to push yourself and I don't care if you're dr. Martin Luther King jr. or your Michelangelo or your lin-manuel Miranda who wrote Hamilton you will struggle with self-doubt and everybody that you admire everybody and the list is the same for every 200 Oprah Winfrey and I want to be like you know Tom and I want to be like you know Branson and I want to be like jay-z and I want like everybody's listed a Bill Gates and do you know what those people do they do not have the habit of hesitating they trust themselves you.