WHAT MAKES YOU A MILLIONAIRE??

SEMINAR RECAP ON THE TREASURED ENTREPRENEURSHIP ASSOCIATION TEA PREMIUM & MEMBERSHIP GROUP

👉Theme:

❤️ What makes or qualifies you to be a millionaire??..

💚 Why having a million naira in the bank does not make you a MILLIONAIRE

🎤 SPEAKER/FACILITATOR/DISCUSSANT

🗣️ Mr Fayomi Macklinola

TEA NATIONAL PRESIDENT

Its another great opportunity for us to meet on this noble platform of treasured people. Whenever life connect us together like this, I believed its an opportunity for us to learn one or two things vital for our growth.

Indeed, its a rare privilege life present to us on a platter of gold to get better in our exploits. This is because nobody is an island of knowledge.

If there is anything I cherished most in life, its building a culture of continuous improvement. That culture is what the Treasured Entrepreneurs Association (TEA) has given us on this platform.
I believed, we deserved a round of applause.

Tonight, I welcome you to the millionaire’s arena. Our topic today is pivotal to making any one who is willing a millionaire for life.

WHAT MAKES OR QUALIFIES YOU TO BE A MILLIONAIRE?

A million or several millions in your account?
A million naira or dollar thoughts or thoughts of a million naira or dollars ideas?
A multi – million naira worthy friends?
Is it a combination of two, three or all of the above?

Well, I’ll rather take the last elucidation. .which is a combination of all the above.
The reasons are not far fetched. .
A millionaire’ is someone who can boast of having a million or more in cash or in asset per time.

A millionaire is not one who has a million in his account but lacks the discretion of how to make such to produce more. I tell you such a person’s million will soon be gone in ‘legitimately’ wasteful adventures.

His lack of discretion and indiscipline will make him lose all in his account. He may end up poorer than he ever could have imagined.

Characteristic traits of the real millionaire

Studying the works of Brian Tracy, a profound American financial expert cum motivator and other inspiring scholars in the school of finance, I have identified some of the traits below as the distinguishing features that makes real millionaire in the world.

They are as follows: –

1. An enriched thought or mindset.

To think in million is to have the million. This is because as a man thinks, so he is. Everything rises and falls on our thoughts.
All millionaires have this in common. They have an enriched thought pattern from a depth of an enriched mindset.
To obtain the type of financial independence you’ve been dreaming about all your life, you must learn to develop a “millionaire mindset”.

2. An Enriched Financial Plan

Things don’t just happen by chance. It is a true timeless maxim that says, “he who fails to plan is planning to fail”

All the millionaires I know have an enriched financial plan. This helps them to make their next million. They make informed decision drawn from an enriched master plan they craft out at the beginning of their life. No wonder, they get better results, and achieve financial independence within the shortest possible time.

Want to join the millionaire’s club?
Then plan your way into it. Man your plans and the millions will come rolling in.

3. An enriched focus

Focus on your money.
Wealthy people spend more time in focusing on their finances than people who remain poor. The average adult spends 2 – 3 hours each month studying and thinking about their money, usually at bill paying time.

The average self – made millionaire, by contrast, spends 20 – 30 hours per month thinking, studying and planning his finances.

The very act of focusing on your money, will dramatically improve the decisions you make with regard to it.

4. An enriched habit

Habits are deeds you enjoy. It is almost a second nature to you. It involves a consistent practice which you are known for. It is almost impossible to break a habit after it has been formed. What you do consistently for three weeks becomes your habit.

An enriched thought breeds enriched habits. An enriched habit results in an enriched character. An enriched character produces an enriched life style. Wealth is first made in the mind before translating it to real physical substantial money.

Truly wealthy people develop the habit of “getting rich slow” rather than “getting rich quick.”

To assure this, they have two rules with regard to money.
Rule number one: Don’t lose money.
Rule number two: If ever you feel tempted, refer back to rule number one, “don’t lose money.”

One of the best financial habits you can develop is the habit of getting good financial advice before you do anything with your growing account.

Ask around and find a financial advisor who has already achieved financial independence by investing his or her personal money in the areas that he or she recommends to you. Your ability to choose excellent financial advisors can be the critical factor in making good investment decisions.

Develop the habit of investigating before you invest in anything.
The rule is, “Spend as much time investigating the investment as you spend earning the money that you are thinking of investing.”

5. An Enriched Decision for action

Deciding on what to do when at a cross road is the issue of many people in life. Making an informed decision to actp is a product of finding out the facts. Facts and figures don’t lie, its opinions and emotions that often fall short in the millionaire school of wealth building.

Wealthy People Never Trust to Luck. Rather they believed that they are architect of their own fortune or misfortune. Your million is in your heart or head until you act, it will only you will act right now. Business ideas remains in the realm of the idea unless it is acted on.

6. An enriched lifestyle

Millionaires avoid any form of wasteful expenses. They block all leakages and are frugal at spending. They work at purchasing assets rather than liabilities.

Thomas Stanley and William Danko, in The Millionaire Next Door, explain that most wealthy people and self – made millionaires drive used cars, live in average neighborhoods, wear average priced clothes and watches and are very careful with their money.

In addition, very few of them buy boats, recreational vehicles, second homes, personal airplanes or invest in expensive vacations.

7. An enriched club

Who you follow determines what follows you. Your network determines your net worth in the club of millions.
If you must acquire millions in cash, then, you must surround yourself with like minds.
All millionaires flock together so that they can bond together in their quest for enrichment.
You are close to your millions when you associate yourself with those who like you are on the path of millions.

8. An enriching business

Every millionaire have an enriching business. The way to start out as a rooky millionaire is to start and mind your own business.

No one becomes rich minding other people’s business. Seek out a business that meet and service people’s basic needs like food, clothing or shelter invest in it and you will be able to take a seat among the world famous millionaire.

9. An enriching development

A millionaire is one who is given to constant development. Information is what enriches the mind before the hand can be enriched.

We live in the information age. Information is the backbone of this age. Anyone who will be rich must be given to constant development.

You can lose money within few minutes just as you can make money within the shortest possible time. What really mattered most is to be in the right place at the right time. If you are given to constant development, then, financial possibilities will be your aural.

10. An enriching legacy

You can invest in stocks, bonds or shares. .they will appreciate to give you dividends to increase your wealth base. You can invest in assets, your wealth will increase and appreciate in no time. You can invest in land and machines, they will all help to enrich your pockets in crispy cash.
But the real investment that empowers them all is an investment in people. Build people, the people you built will help to build your empire.

Bill Gates was enriched first based on his investment in the Microsoft world. But with the advise of his mentors he rededicated himself and decided to quit the chairmanship of the software conglomerate and focused his energy on the enriching service to humanity. He worked on his pet project called Bill & Melinda Gates Foundation (BMGF). The more he does this, the more his asset increased. He never left the the top five spots of the world’s richest.

One thing is common to all the millionaires that have a lasting legacy on the rock of life. It is something extra that adds to their profile here and hereafter that is an asset that only enriching men can produce.
If millionaires leaves an enriching everlasting legacy by empowering men, you too can.
Do what you can to enrich men, then, you will enrich yourself in the process.

After all these expositions, I’m sure we now know that having a million in your account is not what makes you a millionaire but an enriched mindset that produces habits with informed actions makes a millionaire with renewable wealth.

If you know these things, the millionaire in you will break forth to limelight if you do them.

See you at the top!