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MJ DeMarco
I followed the science; all I found was money.
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Yeah that's what I thought. The only people that would feel this one-time suprise is lottery winners.
They say that money won always feels better than money earned. I haven't won anything substantial so I can't tell ya if this is true. There is probably some truth to it which explains why lottery winners often go broke years later.
For myself, each milestone that I hit, I celebrated. For me the milestones were based on liquidity (cash in short-term investments, mutual funds, bonds, etc.). When I hit $1m, I was happy but it certainly wasn't a party because I realized something: A millionaire today ($1m) is really upper middle class. Millionaires do well but they're not living large like Hollywood likes to portray (private jets, 10,000 sq feet houses etc.). To coin the book, these types of "millionaires" are what the "Millionaire Next Door" looks like -- upper middle class.
At $2mm, I was a bit more celebratory as at that level things can start gaining momentum as your investments start to accelerate as compound interest starts to make more of an impact.
When I hit $5mm, I experienced the "feeling" I think you would expect. Forbes classifies $5mm liquid as "Rich" and I was starting to feel it.
At $10m I didn't do nothing because the milestone was temporary, at least until Uncle Sam comes calling for his cut. But I did celebrate the sale of my business and that was the BEST feeling of all of them!
Now that I am free of my business, the idea of pursuing my dreams of writing books and screenplays is like winning the lottery. The idea of starting another company, nurturing it, and watching it grow is like an addiction. These are the types of "feelings" that motivate and inspire me. If I do these things well, the money will follow and new milestones will fall.
For each milestone you set for yourself, celebrate them in some fashion -- a vacation, a doo-dad, a massage ... doesn't matter! Celebration, or experiencing that feeling of accomplishment is very important.
I recommend setting short, achievable goals. Perhaps the 1st goal is getting out of debt. Perhaps the second is having $1k in net worth. Perhaps the third is your first customer in your new business.
If you have to climb a mountain, looking at the top is not the best idea. Look at the first few climbs. Then the next. Then the next. Be diligent with this, and eventually, you will find yourself at the top of the mountain. :smxB:
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