We are responsible for our lives. We make our lives what it is and what it will be. In this group, we have decided to become millionaires. This means we must take time to invest strongly in ourselves. It’s not a matter of being selfish, because as we achieve the millionaire status, we will be able to provide services and products that will help millions, or even, billions of people. Our Future Selves are generous Kingdom ambassadors. However, we must first build the millionaire foundation. That will be our strong position as solid people of wealth. At this beginning stage, we must invest heavily in ourselves by watching our money.
Invest In Yourself
“Be patient with yourself. Self-growth is tender; it’s holy ground. There is no greater investment.” Steven Covey
Actually, becoming a millionaire involves money, of course. So to begin our journey, we must focus on our money and how we can increase it. That is a prime activity of the millionaire..control your money and commit to keeping as much as you can and not spending as much as you can. Invest in your Future Self. This mindset is not that easy to adopt because our American society is addicted to debt and immediate gratification. But with the power of God, we must begin to focus on building a store of money, not spending our money at the store!
According to Dr. William R. Harvey of Hampton University: “If you have a dollar, you cannot spend a dollar and twenty-five cents. It does not matter how worthwhile the project, how needed the piece of equipment, how necessary the trip, if you only have a dollar, you cannot spend a dollar and twenty-five cents.” That tells it all! We all have a tendency to live beyond the actual cash we bring in. Can you imagine a millionaire doing that and remaining a millionaire? True millionaires stay out of personal debt and use their money for investments that grow. They take care of their money like you would take care of a plant. They nourish their money to grow. Most of us are a long way from that practice, but today is the day to start. Invest your money for your Future Self.
About the almighty credit card……
Mark Cuban advises: “Using a credit card is okay if you pay it off at the end of the month. Just recognize that the 18% or 20% or 30% you’re paying in credit card debt is going to cost you a lot more than you could ever earn anywhere else.” Basically, he suggests getting rid of all debt , building 12 months of emergency cash and then investing. It really is best to stop using credit cards altogether. Doing this is actually investing in yourself. I can’t say this will be easy, but becoming a millionaire requires you to become a different person in many respects.
Dishonest money dwindles away, but whoever gathers money little by littles makes it grow. Proverbs 13:11 NIV
Value Every Penny
“To increase your wealth, think like a child.” Alyssa Atkinson. Atkinson reminds us of how we thought when we were children. Life was simple but we still had thoughts about money. A penny had value. If we had 100 of them, we were rich. We did all sorts of things. We ran grocery stores, built houses to sell, sold clothing and we even sold rocks. We imagined ourselves as successful business people making plenty of money. We valued every penny.
“Every penny invested counts, because it is that initial investment that should grow into something astronomically larger in the long run.”
Easy Financial Advancers
The following small changes can help you begin the money growing and investing process:
- Plan your meals and prepare at home. Many of us are doing this now because of the virus, but it could become a great habit. Take your lunch to work and save as much as $200 a month or more.
- Buy in bulk. The savings are great particularly on dry goods and staples. The quality is consistently good also. This can save many trips to the store.
- Use a savings plan like Digits. This is an app you link to your bank. It takes all your change and puts it into a savings account. It adds up quickly.
- We can spend a lot of money at restaurants, but we deserve to treat ourselves from time to time. Look for specials online. There are many restaurant deals to be found. (Tips contributed by Kylie Craft.)
I know, this seems like simple uninteresting things a future millionaire must do, but it’s a great way to start your journey. You must be prepared for a journey toward paying close attention to your money as it grows into millions. There is no other way.
Without frugality none can be rich, and with it very few would be poor.
Father, place a deep conviction in us of our responsibility to become millionaires in Your Kingdom.
Give us a strong love of learning and an urgency to act on what we learn in pursuit of excellence for Your Kingdom.
We thank you Lord, and seal this prayer in the name of Yeshua (Jesus),
See you at the top!