The Ultimate Reason To Become A Millionaire Analysis

786 Words2 Pages
bulb-icon

Recommended: The importance of setting goals

The Ultimate Reason To Become A Millionaire by Mike Litman

The Ultimate Reason To Become A Millionaire

By Mike Litman

Why should you strive for financial success?

For the money you will receive? For the attention you might garner? What is your reason?

I would like to suggest another reason for you to consider.

Recently, I was sitting down with multi-millionaire
Jim Rohn, Tony Robbins' original mentor, and he told me what he feels is the best reason to become a millionaire.

He said...

"Set a goal to become a millionaire for what it makes of you to achieve it."

He went on to tell me about his own mentor...

"My own mentor, Mr. Schoaff, had an interesting way of teaching it. When I was 25 years old he said, I
suggest, …show more content…

You know, it's got a nice ring to it - millionaire.

Then Mr. Shoaff said, Here's why...'

"I thought to myself, gosh, he doesn't need to teach me why. Wouldn't it be great to have a million dollars?'

Then Shoaff said, "No. Then you'll never acquire it. Instead, set a goal to become millionaire for what it makes of you to achieve it."

"Do it for the skills you have to learn and the person you have to become. Do it for what you'll end up knowing about the marketplace. What you'll learn about the management of time and working with people. Do it for the ability of discovering how to keep your ego in check. For what you have to learn about being benevolent. Being kind as well as being strong. What you have to learn about society and business and government and taxes and becoming an accomplished person to reach the status of millionaire."

"All that you have learned and all that you've become to reach the status of millionaire is what's valuable. Not the million dollars."

Jim Rohn told me a lot of amazing things in our time together. But, after all of the millionaires I've had the pleasure of interviewing, this lesson really stands out as advice we should all

Show More
Related

  • Similar Difficulties in "Angela’s Ashes" by Frank McCourt and "The Glass Castle" by Jeannette Walls

    2023 Words  | 5 Pages

    The quests for gold at the end of the rainbow, the hopes of thousands to one day live the fabled American Dream. Worldwide, everyone who is capable looks for their chance to strike it rich. Some of the most successful people today, such as Apple’s Steve Jobs and OK! Magazine’s Richard Desmond, have risen from tough backgrounds (Serafina). Growing up in abject poverty, these individuals found ways to push past the glass ceiling in their respective fields. Interestingly, many of them share similar obstacles on their way to the top.

    Read More

  • Wealthy or Rich in Andrew Carnegie's Essay, Wealth

    959 Words  | 2 Pages

    A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.

    Read More

  • Ben Franklin's The Way To Wealth

    1150 Words  | 3 Pages

    Deep in the territory that is called South Africa, teenagers and young adults have a peculiar way to express their wealthy status. They like to organize large dance offs between rival groups where the side who has the most expensive and lavish things to destroy wins. Smashing brand new cell phones on any available surface is encouraged; dumping premium alcohol on the ground is something that should be done; and burning money is most definitely the cool thing to do. They like to walk around in their fancy designer clothing that could rival any celebrity on any tabloid and destroy stuff that they spent a pretty penny on. These people call themselves the Izikhothane. The extravagant, wasteful lifestyle of the Izikhothane people completely ignores

    Read More

  • People Like Us : Social Class

    711 Words  | 2 Pages

    Living in one of the wealthiest countries in the world, our culture has naturally valued prestige and luxuries. We admire fancy items and often judge other individuals by the clothes they wear, the car they drive, and the schools that they attend. The “American Dream” serves as a motivational factor for people; believing that hard work and dedication can bring “success” to ones’ life. Although this is partially true, it is difficult for individuals in the middle class and lower class.

    Read More

  • Analysis Of Carnegie's The Gospel Of Wealth

    105 Words  | 1 Pages

    Carnegie was a self made millionaire, breaking free of his poor, immigrant beginning by means of the steel industry. As a young child he desired access to the wealth of knowledge housed in libraries, which were reserved for the elite. His humble origins, among other reasons, led to Carnegie donating his fortune back to the community through the building of libraries and music halls. As noted in his book, “The Gospel of Wealth” Carnegie believed that “the man who dies rich dies in disgrace.” To this day this giant of wealth is known as one of the most generous and influential figures in american

    Read More

  • Persuasive Speech On Racquetball

    1060 Words  | 3 Pages

    If you are intrinsically motivated, you may be searching for self-fulfillment or a sense of accomplishment. If, on the other hand, you are seeking to acquire wealth, it will be necessary to approach the process of becoming a professional from a business standpoint to maximize your future income. In order to make a plan for moving forward and to ensure that you are seeking a goal that will yield the results you are seeking, it is critical to start by researching the potential avenues that you can pursue.

    Read More

  • Applying Andrew Carnegie's Gospel Of Wealth

    480 Words  | 1 Pages

    Applying Andrew Carnegie’s philosophy of “Gospel of Wealth” to knowledge argues that those with greater intellectual “capital” have an obligation to benefit the rest of society. I wholly believe in the idea that those who have greater intellectual opportunities should contribute to society and help others; I hope that I will continue to act upon this belief. It is not so much as I feel responsible to contribute to society more than a personal desire positively impact the world by applying my current and future knowledge as well as my language skills to solve real-world problems in order to help others.

    Read More

  • Wealth And Wealth

    1062 Words  | 3 Pages

    ...ss Revisited – Growing National Income Does Go with Greater Happiness - Springer. N.p., 01 Oct. 2003. Web. 01 Apr. 2014. .

    Read More

  • Defining Self-Reliance

    900 Words  | 2 Pages

    Moreover, this concept of free will and becoming financially self-reliant is still prevalent in modern society. The mid-twentieth (20th) to the early twenty-first (21st) century has become the age of entrepreneurship, where peoples from all nations no longer desire to work “for the man” but create their own legacy of prosperity. Likewise, it is a period in time that has redefined the way in which those from all walks of life can obtain success and wealth. Hence, the evolution of reality TV stars, YouTube sensations and rappers from being ordinary individuals to becoming fashion designers, actors and CEOs. However, our definition of success is not only defined by wealth it also includes having a life of meaning that is similar to that of Dr. Martin Luther king Jr. and Malcolm X. Certainly, I am speaking of a life that encompasses the ability to change our world for the better.

    Read More

  • Think and Grow Rich by Napoleon Hill

    1039 Words  | 3 Pages

    Whatever one thinks about all the time tends to happen, hence the title “Think and Grow Rich.” Using the examples of past success, such as his son and Edwin C. Barnes, Hill shows how a burning desire, persistence and other principles, if done effectively, can be combined to create favorable conditions towards success. This book is written to guide anybody, in any occupation, with everyday endeavors, because new inspirations can always be found. Hill stresses principles, methods that have to deal with the mind because it is a powerful weapon. This book was written during the Era of the Great depression, and it could still be used for modern day situations because the techniques, teachings and instructions do not get old.

    Read More

  • Analysis Of The Book Rich Dad Poor Dad

    707 Words  | 2 Pages

    The author points out that there is a thing such as the “Rat Race” and it happens to well-meaning people whose main goal in life is to make money instead of allowing money to work for them. This was shown clearly as young Robert is shown by Rich Dad the endless cycle people go through of waking, working and paying taxes. This cycle never stops, but only grows the longer one stays on it (Kiyoski, 2001). After reading the first lesson, I began looking at areas in my life where I can improve so that I can avoid entering the never ending “Rat Race”. I started analyzing my job and what it means to me in the long run. Will I be here in 5 years? Can I see myself being promoted? One theme that counteracts those questions is fact that the author strongly pushes the belief that working for oneself is the only way to obtain true wealth. I disagree as in this age and time it is possible to gain wealth by rising through corporate ranks. Again, this reverts back understanding money and allowing it to work for

    Read More

  • Is Money Really an Effective Motivator?

    1057 Words  | 3 Pages

    Is there anyone in this world who does not want to be rich? The first thing that crosses the people’s mind while choosing job is money. Money plays a vital role in one's life and most of the people are motivated to perform well in their jobs for money. Money is the reason what drives people to work better. In most cases, money greatly works. People are motivated to perform better by receiving monetary incentives like wages, salaries, allowances, bonuses, retirement benefits, etc. But, money doesnot always contribute in influencing people towards the work. This essay will discuss the arguments that are both for and against money being the key motivator and suggest that money is not always the best motivator.

    Read More

  • Personal Essay: What Does Money Can Buy Your Happiness?

    702 Words  | 2 Pages

    Happiness is a difficult word to define. Everyone possesses different perspectives of happiness from their own experience. Some people would say money can buy you happiness because they buy you friends, while others disagree. From my own perspective, I personally believe money could not buy eternal joy into your life. Money could buy you the basic needs in life for example food. Having a lot of money could be used to purchase fancy and expensive goods, but the happiness would only be limited. Besides that, money cannot buy you the emotions like love. Money is desired by everyone, but it can’t buy you everything, for example: your health or a deceased loved one and the memories made with them.  Happiness is not determined by what your bank account

    Read More

  • Essay About Entrepreneurs

    714 Words  | 2 Pages

    Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.

    Read More

  • Becoming Rich Essay: How To Become Rich?

    1076 Words  | 3 Pages

    Becoming wealthy is all about a mixture of hard work, making wise decisions, and investing your money and time into areas that will lead you the highest return of investment. There are very few businesses and ideas that will lead you to a million bucks or more within a short period of time. In this article, you'll learn the basics of being filled with wealth and how to bring money into your life. You'll discover different ideas to help you lead a life where money just flows into your life.

    Read More

More about The Ultimate Reason To Become A Millionaire Analysis

Open Document