EP003 Do I Want to be a Young Millionaire?

Do you want to be a millionaire? This single word is loaded with multiple meanings – and those meanings are different from one person to the next. Many people have strong negative feelings and emotions about becoming a millionaire while others believe it could bring them the life of their dreams.

On today’s episode, I’m going to share the plain and simple truth of what a millionaire is, how to calculate your net worth, and the difference between a millionaire and a multi-millionaire. I’ll also explain what the Bissett Financial Fitness Framework is and how it can help you get financially fit in your life and business.

 

“Even me, I don’t think of myself as a millionaire but I am.” – Tracey Bissett

This Week on Young Money:

• Examples of personal assets and liabilities
• Who should aspire to become a millionaire
• The psychological and emotional aspects of being a millionaire
• Limiting beliefs surrounding becoming a millionaire
• Consistent characteristics of millionaires
• The financial fitness spectrum

 

The Bissett Financial Fitness Framework Key Elements:

1. Cashflow
2. Savings
3. Debt Management

 

Resources Mentioned in this Episode:

• How Rich People Think book by Steve Siebold
• 11 signs you will be a millionaire CNBC article by Kathleen Elkins

 

Rate, Share & Inspire Other Young Millionaires-in-the-Making

 

Thanks for tuning into the Young Money Podcast – the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to iTunes and leave us a rating and review. Don’t forget to share your favorite episodes on social media!

 

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