005 You Need a System to Become a Millionaire

A lot of people overthink the process of becoming a millionaire. Many people believe that to become a millionaire, you have to be born into the millionaire society or “just got lucky.” I’m here to tell you that’s not the case! In fact, becoming a millionaire and making money is just a system.

On today’s episode, I’m going to share with you my 7-point Millionaire Maker system that has helped hundreds – if not thousands – of people from all walks of life become self-made millionaires in as little as three to five years.

 

Take control of the wheel of your life called finance. Let’s get it going.

 

Loral’s 7-Point System to Becoming a Millionaire:

1. Your relationship to money:

• Do you have “Yes Energy?”

 

1. Know where you are:

• Know your starting point
• Know your P&L’s and balance sheets
• Know your income cashflow and expenses
• Know your assets, liability, and net worth

1. Have a Freedom Day:

• Your Freedom Day is based on monthly cashflow
• Decide how much money you want to make each month this year

1. Your relationship to debt:

• It’s not about “bad debt”
• “Good debt” is debt you can leverage

1. Keep your money:

• Companies make money, individuals get taxed
• Get incorporated

1. Your money needs to make money:

• Invest your money wisely

1. Do it with a team:

• Be a “team-made millionaire”

Mentioned in this episode:

• The Millionaire Maker: Act, Think and Make Money the Way the Wealthy Do book
• YES! Energy book

 

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Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!