How to Become a Self-Made Millionaire

Julie Murphy • May 30, 2022

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When it comes to becoming a self-made millionaire, although the idea might seem out of reach or only reserved for the ambitious or entrepreneurial few, it’s actually something that’s far more achievable than you might imagine! 


Today, I’m going to share with you the
true secrets on how to become rich and embody Real Wealth in all areas of your life. 


Money is Energy


Money, like everything, is energy and has a vibrational frequency. Therefore, how you choose to think, speak and feel about money is what will be reflected back to you. Becoming a self-made millionaire can only be done from a place of feeling abundant and empowered around your money. If it’s coming from a place of reaction, it will be incredibly difficult to achieve because your limited beliefs, thoughts and actions around your money won’t be aligned with wealth but instead, with fear and scarcity. 


This is why money runs so much deeper than how much we have in our bank accounts, assets, investment portfolios, retirement funds and so on. It’s largely emotional, so identifying and then working through your
beliefs around money is the key to unlocking that incredible potential you have! 


To begin to shift your vibration around money, I’d like you to become extra conscious of your thoughts around it. When you feel that low-level energy about money such as never having enough, take a breath and intercept it by choosing a different, more empowered thought instead. You can also use positive money affirmations. 


Now, this isn’t about telling yourself lies! It’s rather about choosing to see a different perspective. Instead of telling yourself ‘I’ll never get out of debt’ or ‘There’s no way I can build wealth on my paycheck’, choose the alternative approach of ‘What are a few small steps I can put into action to begin to eliminate my debt?’ or ‘What other income options could be available to me” or “Is it time to ask for a raise or look for a new job with a salary that matches what I’m worth?’


This is an incredibly powerful practice as it creates space within your nervous system to change your financial story. 


Create a Strategy to Reduce Debt


If you’re asking yourself how to become rich, becoming your own bank is the ultimate way to achieve this goal. Although having debt is almost seen as the norm in our economic environment, the truth is, these debt instruments that are so readily available keep us trapped in a debt loop and so we repeat our financial past over and over. To truly become a self-made millionaire and
embody Real Wealth on every level, you have to decide to stop that cycle to set yourself free of debt and become entirely self-sufficient. 

Therefore, finding ways to gradually and consistently eliminate debt is your ticket to financial freedom. If you want something other than what you have today, the key is to create space for it instead of relying on credit cards to pay for it. Even if this is $5 per paycheck, it’s not about the amount but rather, the energy and intention behind it that will get you on the path to becoming truly wealthy!


Consider Extra Income Potential

 

If you feel limited by your current paycheck, getting into that energy of abundance is about embodying the essence of ‘more’ as opposed to limitation and lack. Do you have skills that you could earn extra income or create some new passive income streams from? You can ask yourself a few questions to get the creative juices flowing on this one! What do you love to do where time seems to fly by? What makes you giggle? What do people always tell you you’re good at? Where do you feel your most authentic and aligned self? What are you doing in these situations? What would you love to try as an experiment?

You don’t have to feel limited by your paycheck and there’s incredible opportunity to earn extra if you allow yourself to get into that vibration of ‘more’ and be willing to step outside of your comfort zone a little!


Organize Your Finances to Align with Wealth 


When looking at how to become rich, you have to be intentional about your money mindset and what you want to create. This is about looking at your financial life from a short-term, mid-term and long-term perspective and setting your financial intentions and ‘buckets’ accordingly. 

To clarify, short-term is where you set aside 3 – 6 months of living expenses aside, mid-term is your 3 – 5-year money (this is one that is often overlooked) and long-term is your retirement funds and money allocated for later years. 

This is an important part of your financial planning process because it means that you have money set aside for all eventualities and don’t have to rely on credit cards or loans to fund unexpected expenses that we all know can arise at the most inconvenient of times! You can continue to review these buckets as you go along to ensure they’re aligning with your current desires, situation and intentions. 

By doing this, you’re allowing yourself to live in the present moment whilst feeling safe that you’re also taking care of your future self. Becoming a true self-made millionaire isn’t about flying by the seat of your pants or being a financial one-hit wonder! It’s about being in the present moment whilst also being super intentional about how you want the energy of your money to flow. This is about setting yourself up to be lucky! When you align your energy in this way, this is also when you really begin to make those quantum leaps in your money manifestations!

It’s all about starting where you are. Try not to get caught up in the numbers. It doesn’t matter if at first, you’re only able to allocate $5 to your buckets; it’s the energy behind the intention that is the exact energy you need to embody to become that empowered, self-made millionaire you deserve to be. 

By implementing these mindful and practical tweaks and strategies, it’s far more achievable than you might have imagined! 

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