The Millionaire Money Rules (Get to $1M Faster!)

[cash register dings] Millionaire money rule number one is to spend only on your values and do not compromise.

Now, the goal when it comes to learning how to spend money is not to spend as little as humanly possible.

People who spend as little as humanly possible, who don't decide what to do with those extra dollars, typically are not that happy.

But instead, we wanna make sure that we are spending aggressively on the things that we absolutely love to spend money on and cutting out everything else we don't like to spend money on.

Now, you may be saying to yourself, "Well, I don't like paying my electric bill." Do you like having the lights on? Do you like having air conditioning? Do you ha- like having, you know, warmth coming into your house during the winter? Sure you do.

So you absolutely value something like that.

Or you may be saying, "Well, I don't like paying my rent." Well, I think you really do value having a roof over your head.

And so it's really comes down to some of the things that you truly, truly value, but cutting out those things that you absolutely hate.

So for example, a lot of people will go out and they will begin to buy the bigger house, but they don't really have a reason why they're buying the bigger house.

They just feel as though, "Oh, I want some more space." Maybe you wanna have more room for activities, more room to place your drum set.

But in reality, what you do need to realize is you have to have reasoning behind that.

Or some people go out and they spend more on the car they think they're supposed to have.

Maybe you're driving a 10-year-old car and people have told you, "Oh, why don't you go and upgrade that car? It's looking a little old." And so you feel as though, "Well, maybe this is just what I'm supposed to do." And so you go and upgrade that vehicle.

But instead, someone with a millionaire mentality, they're gonna go out and they are gonna decide, "No, I wanna spend more on the things that I value." So I personally don't care a ton about what car I drive.

I drive a 2018 F-150 currently, and for me, I am completely happy with that vehicle.

And I don't want a luxury vehicle.

I don't want some fancy vehicle.

I would rather spend those dollars on other things.

I would rather spend those dollars on things like convenience.

I would rather spend those dollars on things that I truly value.

And so for me specifically, spending more on cars just does not make sense.

For you, you may absolutely love spending money on cars, but you wanna cut back and maybe you live in a smaller square footage house, or maybe you live in an apartment that isn't in the high-rise, but it is just a normal standard apartment somewhere else, or maybe it's a duplex.

And so you feel as though, you know, you're willing to make the trade-off because you love cars.

Maybe you're a person who absolutely loves to travel, and all you wanna do is travel and spend more money on travel and less on everything else, and you are willing to actually live in a sprinter van in order to be able to travel.

That is another example of someone who is spending more on their values and less on the things that they don't really care about.