Wealth Creation Tips Series: Revelation, Rebellion

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Chapter 3: Revelation

Hollywood has always had a habit of depicting the wealthy as evil backstabbing entitled or corrupt individuals. Wealth X reported recently that 70% of millionaires, having a net worth of $25M+ are self-made. What is it that these people know that you don't? The truth is your equation is all wrong.

The money equation MOST follow is: Money = Job Salary

Past a certain point, the prospect of getting a job becomes the sole purpose of your education.

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Rihanna, Self-Made Billionaire

What do they have in common? They didn't follow the money equation of MOST. The 'MOST' money equation will never get you there. Time - once it's gone, there's no way of getting it back.

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Alexandr Wang, Self-Made Billionaire

Inflation is the silent wealth tax that robs us of our purchasing power. It's the reason why your 1 million dollars will be worth less in the future. Inflation doesn't discriminate whether you make $20/hr or $2,000/hr. It's why most people can only really be a millionaire at an old age by living frugally. They traded all that time for money, and it wasn't even a substantial amount.

So again, you ask yourself, how is it then that there are self-made millionaires at such young ages? What makes them so different? And the truth is, they have a better equation than you.

They have a way of understanding money that you haven't quite grasped yet. They understand that money is just a tool and it's how you use it that determines your success. While you're busy saving your money, they're busy investing theirs. And that's the difference between the 'haves' and the have-nots. The 'haves' know how to make money work for them.

Chapter 4- Rebellion

Stop chasing money. That's the #1 rule if you want to be successful in a capitalist society. You are paid in proportion to the perceived value that you have and the people that perceive your value.

They are the market—the consumers of the economy. The market is you, your friends, family, neighbors, and your country.

People complain that basketball players are overpaid, but for players to be paid millions, there must be a market for the basketball industry in the first place. And if the market is a high demand for basketball, guess what happens to the players who are at the top of their game?

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Lakers PG Russell Westbrook - $47M salary

They are paid generously for it. Lakers PG Russell Westbrook only makes $47M.

What does it take to be a millionaire? Is it hard work? Talent? Good looks? The answer may surprise you. The key to becoming a millionaire is simply about perceived value.

Take a cleaner and an accountant. The cleaner works hard every day, sweating and tiring herself out in the process. Meanwhile, the accountant sits behind a desk, Maintaining the clients' books. And yet, despite the cleaner's hard work, they are paid far less than the accountant. Why is this? The answer lies in perceived value. The market perceives the value of the cleaner to be less than the accountant.

As harsh as it may sound, the cleaner can be replaced by anybody. It isn't difficult to learn how to do his job. The market will pay the college-degreed accountant more, who has saved his client's thousands on their taxes. Getting a job is not the equation to amassing a great amount of wealth in a shorter period. So then how can we increase our perceived value?

You should be looking for Solutions to those Problems. Once you've found those solutions, you should make a business around them. That's where the real money is. It's not in simply having money, but in having a valuable solution to a problem that people are willing to pay for.

So, if you want to make more money, then forget about chasing after money and start solving some problems instead.

Change Wrap Up

I hope you're ready to make your money work for you! Wealthy people know that the best way is through multiple income streams. If it's just one thing, they might miss out on everything else - like saving and investing more than ever before so what happens when this comes up short?

You need an emergency fund or alternate plan in place as well because nobody wants their finances crashing around them at all times which leads me back to my original point: only take care of business right now (and yes I'm talking about financial goals).

Make to check out all chapters of the series. Make sure to subscribe to our blogs and email lists to be a part of our change community!

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