All right, so becoming a millionaire.
It's a dream for a lot of us, right?
Like who wouldn't want that kind of financial freedom?
Yeah, for sure.
Well, we're gonna try to break down how to do it
or at least some ideas.
Okay, cool.
And for this deep dive,
we're gonna be looking at this YouTube video
by Sarah Finance.
It's called How to Become a Millionaire,
The Truth No One Tells You.
Catchy title.
It is!
And she really gets into it.
I think we all dream about financial freedom,
maybe retiring early.
Yeah.
How do we actually get there?
Well, she's a successful entrepreneur.
She's actually done it.
She's built a thriving business.
So she's not just talking the talk,
she's walking the walk, you know?
Right, exactly.
And what's really interesting
is how she tackles these common myths about wealth.
Like the things we believe without even realizing it.
Like thinking a regular job is gonna make you a millionaire.
That's what we're kind of told growing up.
It's almost like a trap.
You're trading your hours for a set income.
So that puts a pretty hard limit on how much
you can actually make.
And even if you make a good hourly wage,
it still takes way longer than you think
to hit a million dollars.
Especially when you think about things like inflation
and taxes.
Yeah, especially after taxes.
Yeah.
And she gives this example in the video.
If you make $30 an hour, which is,
I mean, that's pretty decent.
That's not bad.
Yeah, it's a good wage.
Yeah.
But working 40 hours a week,
it takes 17 years to reach a million dollars.
And that before taxes.
Yeah.
So realistically, you're probably looking at over 20 years,
maybe even more, to hit that first million
just through a normal job.
Yeah.
So does that sound like a good use
of two decades of your life?
I mean, not really.
There's gotta be a better way.
There's gotta be.
And that's kind of what she gets at.
She's all about building systems
that can generate income passively.
Even while you sleep.
I mean, that's the dream, right?
That passive income.
Absolutely.
And that's where things start to get really interesting.
Think about leverage and scaling things up.
You're not just working for money.
You're building something that works for you.
She really pushes starting your own business,
finding a problem that you can solve,
a need in the market.
Yeah.
And that's the big difference between a job and a business.
A job, you're trading time for money,
but a business, if it's done well,
it can grow like crazy.
She uses the example of Airbnb.
Like they saw a problem.
People need affordable places to stay.
And homeowners wanna make some extra cash.
And they put those two things together.
And it like exploded in popularity.
Exactly.
But the encouraging thing is,
you don't have to create the next Airbnb to be successful.
Right.
Think about smaller problems, niches,
where you can offer a solution that people will pay for.
So once you've got that business going,
she really emphasizes reinvesting those profits.
Like she talks about Amazon
and how they put so much money back
into growing and expanding.
Reinvesting is key.
It's like the more you put back in, the faster it grows.
So it's like adding fuel to a fire.
Exactly.
And the goal is to get to a point
where the business can run smoothly,
even without you having to manage every little thing.
Like it's almost like having a team
that can work effectively, even if you step back.
That's exactly it.
You build a system that works.
It's about freedom.
Like what Jeff Bezos did with Amazon.
He built a structure that could run
even without him calling all the shots.
Exactly.
And that kind of freedom comes from building assets,
not just collecting liabilities.
Which is another big thing she talks about.
It's super important.
Prioritizing assets over liabilities.
But what's the difference?
I mean, for someone who might not know.
Yeah, good question.
Basically, an asset is something
that puts money in your pocket.
Think of real estate, stocks, a good business,
things that generate income
or go up in value over time.
And a liability.
A liability takes money out of your pocket.
Like a car, designer clothes, gadgets
that lose their value the many you buy them.
So basically you want things that make you money
rather than cost the money.
Yeah, things that work for you, not the other way around.
She even says it's okay to buy those fun things.
Like a fancy car or whatever.
But only after your assets
are making enough money to pay for them.
Makes sense.
Build a solid base first.
Yeah, so you're not just spending money you don't have.
Exactly.
Shift your mindset from just spending
to building long-term security.
But I think the big question a lot of people have
is how do you actually start doing all this?
It can feel overwhelming.
Totally.
You know, I've been there.
You think, what if I don't know enough?
Or what if I mess up?
Well, what I find really reassuring
is that Sarah emphasizes
that you don't need to have all the answers right away.
You learn as you go.
She actually says in the video,
starting is more important than waiting for perfect knowledge.
Yeah, I think that's really powerful.
It is.
It's about overcoming that feeling of being stuck
and just taking that first step,
even if it's not perfect.
You figure it out along the way.
So before we go any further,
what are your initial thoughts so far?
What's resonating with you?
I think what's really standing out for me
is just how powerful it is to shift your mindset.
Like we have to challenge all these assumptions
we've been taught about wealth and success.
It's about becoming the architect
of your own financial future, you know?
Yeah, and she doesn't just talk about mindset.
She connects it to real concrete action.
Right, it's not enough to just think about being a millionaire.
You have to make choices that support that goal,
like building a business, investing wisely,
focusing on assets.
So it's not just about dreaming,
it's about taking action.
Exactly, and I think that resonates with everyone,
no matter where you are in your financial journey.
And she also recommends these four books
that really shaped her thinking about all of this,
which we'll talk about in a bit,
but for now, I wanna ask you a question.
Okay, sure.
What problem are you passionate about solving?
Could that be the seed for a business idea?
That's a great question.
Like what unique skills or knowledge do you have
that could fill a need?
Often the best businesses come from that combination
of passion and solving a real problem.
And remember, you don't have to have all the answers
figured out right now.
The key is to start exploring, learning,
and taking those first steps.
As Sarah says, the road to a million,
to financial freedom, it all starts with a single step.
Yeah, with the right approach and dedication,
it's totally doable.
Absolutely.
You know what's really cool about Sarah's approach?
What's that?
She lays it all out, makes it clear.
Like building wealth, it's not some secret formula
or get rich quick scheme.
Right.
It's about following these basic principles consistently.
Yeah, it's refreshing actually.
She's not promising some easy path.
No magic bullet.
Yeah, like she's saying, it takes work,
it takes strategy, and you got to get out of your comfort zone.
Exactly.
Speaking of which, let's talk about those four
books she recommends.
Oh yeah, even though she doesn't actually name them
in the video, it's obvious they were a big influence on her.
Understanding business, investing, how to create wealth.
It's like she's handing us a treasure map.
Go explore, keep learning.
I love that analogy.
And it really highlights that this isn't a one time thing.
Right.
Becoming a millionaire, building wealth, it's a journey.
It's about constant growth, changing, and adapting.
It makes you wonder, those books,
I bet they're packed with even more specific strategies.
I so sure.
Actionable advice, maybe stories about other people
who've done it.
It's like having mentors, but in book form.
Yeah, that's a great way to put it.
And it emphasizes how important it
is to keep learning about money.
Knowledge is power, right?
Yeah.
Especially when it comes to building wealth.
Absolutely.
But it's not just about reading, it's about doing.
You got to take those ideas and put them into practice.
So true.
It's like baking, right?
You can have the best ingredients in the world.
Yeah.
But if you don't actually bake the cake.
You're not going to have a cake.
Exactly.
And just like with baking, there's
going to be some trial and error.
Definitely.
Maybe even some disasters in the kitchen.
But that's all part of the process.
Absolutely.
Every mistake is a lesson learned.
You get closer to what you're trying to create.
But speaking of the outcome, I think
it's important to remember that becoming a millionaire, it's
not JST about the money, right?
It's about what that money represents,
the choices it gives you.
Exactly.
The freedom to do what you're passionate about,
spend more time with the people you love
to support causes that matter to you.
Money is a tool.
It is.
If you use it wisely, it can have a huge impact,
not just on your life, but on the world around you.
So like unlocking a whole new level of possibility,
wouldn't you say?
For sure.
And that's what's so inspiring about Sarah's message.
You can create a life of abundance, not just financially,
but in all areas of your life.
And it all comes back to mindset, doesn't it?
Totally.
It's not about being greedy or just wanting more stuff.
It's about connecting your money goals to something
bigger than yourself.
Absolutely.
Finding your purpose and using your resources
to make a difference.
That's a journey worth taking, whether you
want to be a millionaire or just have more
financial freedom and choices.
It's about taking control, taking ownership
of your financial well-being.
Creating a future where you can thrive, not just survive.
Exactly.
And remember, it all starts with that first step.
What's one thing you can do today
to move closer to your financial goals?
Even a small action can set big things in motion.
Imagine years from now, looking back
and seeing how far you've come, all because you decided
to take that first step.
Pretty powerful, right?
It really is.
It's a testament to the power of consistent action.
Small choices made intentionally,
they can lead to amazing results over time.
It comes down to believing in yourself,
trusting the process, and having the courage
to keep moving forward, even when things get tough.
Because let's be real.
The road to financial freedom, it's not always going to be easy.
There will be ups and downs.
Absolutely.
But it's in those challenging moments,
that's when you really build resilience.
Yeah.
Your determination is tested.
And it's on the other side of those challenges
that you emerge even stronger.
Wiser.
More resourceful.
That's when you truly appreciate how far you've come.
Exactly.
So embrace the adventure.
Equip yourself with the knowledge and the mindset
you need to navigate the path to financial freedom.
The rewards are definitely worth the effort.
It's interesting how Sarah talks about those fears
people have, you know?
Like not knowing enough about taxes or the legal stuff
when starting a business.
Oh yeah, it can be intimidating.
Totally.
But she makes a good point.
You don't have to be an expert in everything right away.
Right.
You don't have to know it all up front.
It's more about being willing to learn.
And not being afraid to ask for help when you need it.
Exactly.
I mean, none of us can be experts in everything.
It's about knowing what you're good at
and maybe delegating or outsourcing the things you're
not so good at.
Right.
Finding people who can help you with those things.
Yeah.
And think about it.
We live in a time where information is everywhere.
If you have a question, you can probably
find the answer online.
Or you can connect with experts.
There are so many resources out there,
like online communities of entrepreneurs, people
who've been through it all before.
Exactly.
It's about tapping into that collective wisdom.
So Sarah is basically saying, don't let fear stop you.
Start where you are with what you have.
And trust the process.
Learn as you go.
And it's not just about the destination, remember.
The journey itself is valuable.
It is.
You gain so much along the way.
The skills you develop, the resilience you build,
the lessons you learn, those are all important,
whether you hit $1 million or not.
It's really about personal growth, isn't it?
It is.
Pushing your boundaries, discovering
what you're capable of.
Who knows?
Those challenges you face might even
spark your next big idea.
You never know.
It's a cycle, right?
Growth leads to new opportunities,
which lead to more growth.
It's like a snowball effect.
So what's really resonating with you from all of this?
What's sticking with me is how Sarah talks about success
not being a straight line.
There will be bumps on the road, for sure.
There will be setbacks.
Maybe even times you want to give up.
Oh, yeah, for sure.
But those tough moments, that's when you really
see what you're made of.
That's when you build that resilience.
Exactly.
And those challenges, they often lead
to the biggest breakthroughs.
That's when you have to get creative, find new solutions.
It forces you to think outside the box.
And that's what makes it all worthwhile.
It's not just about the end goal.
It's the person you become along the way.
That's the real measure of success.
Well said.
So as we wrap up this deep dive into Sarah's insights,
what's the one key takeaway you want our listeners to remember?
I think the most important thing is this.
The power to create a better life,
both financially and personally, it's within you.
You have that power.
It's about believing in yourself, embracing the journey,
taking those steps towards your goals.
And remember those four books you mentioned?
Oh, yeah.
That's your next step.
Go explore those.
See what resonates with you.
Keep learning.
Keep growing.
So to our listeners, as you're on your own path
to financial freedom, remember to celebrate the small wins
and embrace the challenges.
They're all part of the process.
And never stop believing in yourself and your dreams.
The world needs your unique talents and contributions.
And when you connect your financial goals to something
bigger than yourself.
You unlock a whole new level of potential.
You can really make a difference.
Well, that's a great way to end things, don't you think?
I think so.
So until our next deep dive, keep learning, keep growing,
and keep reaching for those stars.
We'll be here cheering you on.