660 - How do you become a millionaire?

I met someone who wants to earn a million dollars in the next 5 years.

That's a lofty goal.

Has it been done? Yes, but by very few people who have no experience at the beginning.

Let's break down the way to earn $1 million over a 5-year period.

Here is the breakdown in the simplest terms.

💰 To earn $1 million in 5 years, you must earn $200K per year.

To earn $200K per year, you must earn:

💲16,667 per month, which is

💲3846 per week, or

💲547.95 per every day for 365 days (Adjust for vacation days and days of rest)

FYI, if the goal is to earn $1 million per year, do the math! It's not for the faint of heart.

Now, consider what kind of education, degrees, and experience you need to achieve that level of income on a daily basis.

We won't even go into the cost of specialized education.

You won't earn that kind of money in any salaried position without being highly trained and working your way up.

Then there are sales. There is no luck involved. 🍀

You don't just go out and start selling a service or product and make a million overnight.

Sure, there are success stories, but they are extremely few compared to the number of people who give up along the way.

Those who fail along the way say the company "didn't work" for them, or the industry is flawed.

Every industry has flaws. It wasn't the company or the industry.

The person didn't work. To be more clear, they didn't work on themselves.

The same goes for the insurance and real estate industries. Handsome commissions are possible, but they don't come overnight.

"Sales" is the one place where you could possibly earn that kind of money in a short time, although not probable.

In all that, the first thing you have to be good at is showing people value based on what they are looking for, not what you think they need.

✅ If you aren't listening to your clients and helping them get what they need, you will not succeed.

You can't blame any company or industry if you don't take the time to become better at what you do.

✅ Zig Ziglar gave the secret to becoming rich in his quote, "You can get everything in life you want if you will just help enough other people get what they want."

There it is. The secret to becoming wealthy.

Break it down. Plan. Focus. Get to work.

That's all there is to it.

Do you agree?

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