what would your life be like if you had $1 million would you buy a new car move into a bigger home or tell your boss that you're sick and tired of their well with more money comes a ton more options but sadly few people will ever get to a point where access to these options is a reality why not because they lack skill or knowledge but because they overestimate how hard it is to become rich but here's the secret it's easier than you think and I'm going to tell you why now ask anyone you know
and they will likely tell you that one of their ultimate financial goals is to amass $1 million why is that maybe it's because it is a ton of money or maybe it's because you can call yourself a millionaire once you've elevated to this level of net worth but the fact of the matter is that this is something many people strive to achieve and you know what many people do get there right now there are roughly 22 million Americans with seven figure net worths that's around 8% of the total population and while this still leaves these
people in the small minority it proves that achieving this level of financial success is attainable now I know what you're thinking but most of these people probably inherited their wealth and while some did most didn't recent studies show that only 20% of millionaires inherited their wealth whereas 80% build up their financial success themselves this is a promising statistic for people like you and me who weren't handed millions of dollars on a silver platter and have to work every single day to build our own dreamrich Lifestyles now it's one thing to know that building seven fig
wealth is possible but it's another to know how to actually go about doing it so let's dive into that right now the majority of people that become millionaires take what is known as the slowlane approach if you've read the book The Millionaire fast lane then you'll know what I mean by this but if you haven't it implies that you chose the path of Building Wealth slowly over time this is usually exemplified by regular investing into retirement accounts for decades with compounding working in your favor to hit that million dooll Mark you're striving to achieve for
example if you start investing $500 a month at age 18 and do so for the next 30 Years by the time you're 50 you'd have over $1 million saved now for most people this is the most secure path to financial success for a couple reasons first it takes next to no skill to execute this investment strategy all you have to do is identify a lowcost Index Fund and plow money into it for the next few decades however for some people even meeting the level of consistency that this approach takes can be challenging but even that
hurdle can easily be overcome all you need to do is set up an automated investing sequence and ensure you have enough disposable income to make your contributions with each passing month so what I am saying is that if you are patient and can automate your Investments you will be a millionaire in due time however is is this the ideal path for people to take to become a millionaire that's debatable you see if I gave you a million dollars right now you'd be over the moon excited why because it's a ton of money with that money
you could buy a new house a fancy car and more designer clothes than you could wear in a week however what if I gave you only $100,000 instead that could maybe buy you some new clothes but there's no way it could buy you a new house or even a top-of-the line car now you may be wondering why I brought up the example of the $100,000 when we are talking about you becoming a millionaire but this example is incredibly important here's why you see the value of money declines over time as the government prints more money
each dollar loses a bit of value and this phenomenon has been going on for decades it's why our grandparents could buy a loaf of bread for 10 cents and now that same loaf of bread costs us $2 or more so if you're starting to put the pieces of the puzzle together here you've probably already come to the realization that the $1 million you aim to have down the road probably won't offer you all the benefits you expected it would plus here's a harsh reality that I need to get across because chances are no one has
told you this before if you take the slowlane approach to your first $1 million you will get there in 3 or 4 decades time but what utility will that money give you during that stage of your life when you're 70 you may not be in any position to travel buy fast cars or use that million in the way you would today this is why I recommend people take the fast lane approach to Building Wealth because having money when you're young versus when you're old are two vastly different experiences and if you agree let me know
by hitting that like button below now I know what you're thinking but Adam if making a million dollar in your 20s or 30s was so easy why hasn't everyone done it well there's two answers to that question and I think both will set you on a new Financial course that will have you becoming richer in a shorter amount of time than you ever imagined first most people don't become wealthy earlier in life because they are told they can't chances are you were sold the same wealth building strategies as the rest of us to invest regularly
be patient and wait until you're old and gray to enjoy your million dollars so naturally you take this course but as I shared earlier while this path is reliable it's also set up to be a slow long road second most people are not educated in how to elevate one critically important part of their wealth building equation which is their income most of us are only taught how to get jobs because let's face it schools want to keep making money businesses want compliant workers and going against the grain is still seen as a social faux paw
well if you take this path I can almost guarantee you will never have a million when you're young if Jobs made you rich at an early age everyone would be rich it's for this reason that you need to employ more efficient income vehicles to raise your income invest more money and get rich sooner now given that I just told you that you have to take a non-traditional path to wealth you're probably wondering how I can sit here and justify that making a million dollars will be easier than you thought and how you can achieve it
at an early age so let's get into that now you see when you're young you have a ton of wealth building factors on your side many of which you probably don't even realize you have the first is energy if you've ever spent time with your aging parents grandparents or family members you'll know that as your age Rises your level of energy declines fortunately as a young individual you have Boundless Energy to put into your work whether that's working and running a side hustle starting a business or tackling whatever income Endeavor you feel will get you
to your first million the fastest you even have the energy to hit the Subscribe button if you haven't already which I'll give you a moment to do right now I know for myself personally I regularly get up at 4:00 a.m. and have no problem making it through the day productively you see I recognized early on that I won't have this amount of energy forever and if I want any chance at being financially successful before I am an adult diapers I better harness the energy I have now in a positive direction next we have responsibilities when
you're young you barely know what responsibilities are up until kids enter the picture most people are only responsible for themselves which ultimately translates into having more resources of both time and money when you're only financing your own life you can funnel as much of these resources our es into learning new skills buying more assets and investing in new Endeavors moreover you have the ability to dictate how you spend your free time which is not the case when you have a family and are now spending your nights calming a crying baby and mornings changing dirty diapers
then we have your ability to harness technology I will admit that at 30 I am already starting to see my tech skills becoming obsolete but compared to my parents I am basically a technological God as such when we are young we are more attuned to the technology around us and given that there exists a plethora of ways to make money online these days this also bends in our favor finally we have time but not time in the way we usually look at it I already mentioned that in your younger years you have time to work
but what if that work doesn't exactly pan out well you also have time to recover you see chances are not every one of your moneymaking endeavors will work out and that's okay for instance you may become deeply entrenched in the world of cryptocurrency and lose $10,000 you may start an online business and one algorithm change drops your revenues by 85% in short you will have some setbacks over time and that's okay because you have time to recover and still make a ton of money while you're young the important part is positioning yourself to gain access
opportunities that will get you ahead which brings us to our final point of how the hell do you make the million dollars in the first place your path to your first million will consist of three particular elements with the first being an income vehicle and when I say income vehicle I specifically mean an efficient one as I mentioned earlier your 9 to-5 job won't make you rich because not only can you only work so many hours in the day but the company will always try and pay you as little as possible and this goes directly
against your plan to get rich as such you need to find a path to provide value at scale this could be through a Blog a YouTube channel an online store and the list goes on next you need to acquire assets assets will act as wealth catalysts that prompt your net worth to rise without much extra effort on your part for example I bought my house in 2020 for $325,000 and now it's worth $500,000 that's an increase in my net worth of $175,000 without having to lift a finger this is the power of assets and when
you acquire the right ones becoming a millionaire is easier than you'd expect finally you need a bit of luck every rich person will tell you that luck had a part to play in their success maybe they made a contact that offered them a once- in a-lifetime Opportunity maybe they had a piece of their content go viral that took their business to the next level maybe they were like me and acquired an asset before it shot up in value the point is luck does play a part in achieving financial success but you must also be receptive
to the luck that comes your way if you aren't trying to make more money if you aren't saving and investing and learning then no amount of luck will help you but once you are ready to take action luck can go a long way and so test your luck right now and click on this next video as I have a feeling it could be the one that will have you joining the seven figure Club in no time
