Hey, friends Kris Krohn here. Steven Michael Miller and we got the question,
why do some people say that being a millionaire isn't a big deal?
Great question. Let's answer it.
Hey friends, it's Steven Michael Miller again and the question for right now is
why do some people say that being a millionaire isn't a big deal?
Well, let's define what it means to be a millionaire. Being a millionaire means
you've got a million dollars in something, right? That million dollars
could be in stock. It could be in real estate, that million dollars could be in
a business, it could be tied up in different things.
Maybe it's million dollars of cash that you've got. You know it can be a lot of
different things. So being a millionaire, it has different meanings for different
people. So I think first of all, it's important to understand maybe what
people are defining as millionaire or maybe what millionaire means to them. But
I think that often times you know the question is is why do some people say
that it's not a big deal, it's just another title. And I think for some
people, titles probably just don't mean a whole lot. Being a millionaire doesn't
necessarily mean a whole lot. Unless you're helping other people.
Unless you're doing really important things with it. There are a lot of people.
I've met a lot of millionaires who are you know are people that I wouldn't
recommend getting to know, you know. And they may think that they're a big deal
but I definitely didn't think that they were a big deal at all. And there are
other millionaires that I know who I think are a big deal not because
they're millionaires but because of the person who they are. So another thing you
know, I know a lot of people have this idea, "I want to be a millionaire".
There's a song that recently came out you know not too long ago anyway about being
a billionaire you know. I want to be a billionaire so bad. And I think these
terms millionaire and billionaire are thrown around. And I think really
what people are looking for is the opportunity or the permission to do the
things that they really truly desire and want. And so you know, for the individual
that thinks that it is a big deal to be a millionaire, I want you to get clear
real quick. What is the big deal for you? What is it that being a millionaire
would provide for you? What would you be able to do as a millionaire that maybe
you're not able to do right now? So really get clear on what do you really
want because that I think is the more important question. I think people that
are millionaires, I mean I know this, people that are
millionaires number one they know they want. The millionaire status does not
define them and they go after what they want. Whether they've got the
millions of dollars in the bank or whether it's in the stocks or
whatever it is. They just get after what they want. They don't allow a definition
to either give them permission to do something or to hold them back from
doing that. So my question for you is, what do you feel like that millionaire
status would provide for you? What do you really want? I know that often times
people are just looking for a specific lifestyle. Actually if you pick up the
book the 4-hour Workweek by Tim Ferriss. He actually talks about the new rich,
right? He talks about the new wealth, the new wealthy, the new millionaire
status. Which has nothing to do with actually having millions of dollars in
the bank. It has everything to do with creating and providing a specific
lifestyle that you really desire. For some people that's travels, for some
people that's you know, they want to have a certain car and you know spoiler
alert, you don't have to be a
millionaire to drive you know a BMW i8. You know, you can actually get the BMW i8
if you understand how it works. Having certain investments that can pay you on
a monthly basis that could pay that monthly payment on that car, that doesn't
take a million dollars to do. I just want you to get clear. Being a millionaire
also doesn't mean the same today as it meant you know fifty years ago. Having a
million dollars in the bank was a whole lot different back then but today, people
are realizing that a million dollars in the bank is not enough. A million dollars
in the bank is not going to cut it. For most individuals, a million dollars in
the bank will not earn you what you need to live through retirement. Alright,
it's not even going to give you that basic retirement income that you need. So
it's not about being a millionaire. I think that's really what this goes back
to. Why I actually love this question. Why do some people say
that being a millionaire isn't a big deal?
It's because it's not the being a millionaire that's a big deal. It's
learning how to work. It's having that millionaire mindset
and learning how to work really hard and get after your dreams. We're learning how
to work within your passions. That's the big deal. And when you learn how to get
after what it is that you want when you learn how to live inside of your
passions, then it doesn't matter if it's a million dollars, ten million dollars or
maybe to achieve the lifestyle you want, you only got several hundred thousand dollars
you know. You have several hundred thousand in air, you know.
Whatever that looks like, I think that's the more important question is,
what is it that you truly desire? What is it that you really want? And once you
identify that, that will give more purpose, more meaning to everything that
you're doing. So that'll make the title less significant. Hopefully, that
helps. Hey, thank you so much for watching today's video. As you can tell, we're
making a lot of these videos based on your comments, So when you comment below,
submit a video and let us know what some of your questions are because we're
happy to give you our opinion and see if it's useful for you.
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