[Music] well hey you guys so according to a recent survey more people say that they want to be financially comfortable than reach millionaire status and funny enough you know I don't fully disagree with their sentiment now it may come as a surprise to some of you because we often use words like baby seeps millionaires or million dooll net worth all that but I want to talk you through what my thought process is and you can decide for yourself which you think is better to live comfortably in general in your life or is it better to become an actual millionaire so listen having money goals I think is great but honestly I think there's just something to say about hey I want to get to this place where I have peace with my money and at the end of the day because of life and compound interest and all the wonderful things comes with Building Wealth if I end up hitting millionaire status one day that's great but I have found trying to hit this arbitrary number out there of like I want to be a millionaire by 35 yeah sometimes can be a really empty goal and there are a few reasons why so the first reason is I think you will miss out on life so say you reach it but every other aspect of your life is so stretched thin for maybe 8 years 10 years and you're just miserable because again this whole idea of Building Wealth long term I think is really key but there is a group of people that are like oh my gosh I will do anything just to hit millionaire status I will overwork myself I will not do anything fun and I'm going to do anything I can just to hit it and then you look at their life again over the course of maybe eight years a decade however long it takes and they have kind of just solely focused on that one goal and not the life that they have right in front of them so again while reaching your money goals is great and I understand even getting out of debt there's going to be a period of sacrifice and you're going to be really focused on that like all of that is good cuz it's so short term and it's to this point that it's building you up to get to a point of Peace it's not just this arbitrary idea of like okay I have to push myself all the way just to hit the status point for just the idea of having that status all right now the second reason you shouldn't focus on reaching millionaire status is that the more you have the more you need and want so again I think it's this idea that you're like okay if I reach this point I'm going to be okay if I have a million dollar net worth everything's going to be fine where the truth is the Finish Line keeps moving you guys if that's your only goal for the only reason of just seeing that number in your bank account and you get there you may look around and think and for most people well oh is this it okay well I think I need like half a million dollars more and and you just keep pushing that goal and pushing that goal for the sake of just pushing that goal versus saying okay I want peace with my money I want margin I want to be able to take my family on a great vacation every year I want to go out to eat twice a week or like build a life that you want and out of that how much money is that going to take right so it's this idea of your value system driving you more than this number out there and what happens is that number and I think in America more than any other country becomes this idea that this is who we are where your net worth becomes your selfworth and I want to break those two things apart because the number in your bank account or in your retirement account or the lack thereof it's not you that is not who you are so working on you and your character through the process and journey of getting Financial Peace and hopefully again Building Wealth at the end I think that's that whole idea is not wrong but it's not that you're doing it to complete something inside of you all right another way to have peace in your life has to do with our sponsor delete me scammers are everywhere and it's just 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compound interest will work best for you over time time that's right so again this idea of planning longterm is really key and when you invest a certain amount of money we talk about 15% of your income over time that compound interest is going to work for you Proverbs 1311 says whoever gathers money little by little makes it Grow Again meaning that going all in and just like I'm going to do whatever I can to be a millionaire you know in the next decade of my life and I'll do anything that's an exhausting strategy versus saying Hey I want to get myself on a Level Playing Field I want to be wise with my money I want to get an emergency fund again the wise things the growing up things but then just putting a portion of your money aside month after month year after year investing 15% of your income and it's going to grow over time and that's the really beautiful thing that comes with Building Wealth is that you can do it and and you can do it while you sleep it doesn't have to be this crazy intense goal it's just this idea that you're forming a life where you're putting money aside and over time you guys that is going to grow compound interest is a beautiful thing and if you've not checked it out make sure to go to our compound interest calculator again I'll put a link down below but just put some numbers in and it may actually kind of ease you a little bit to say okay I'm going to be okay because you're going to see the power of compound interest so here's the thing I want you to have peace with your money that's always my main goal so when you have your eye on what really matters again getting your Financial house in order and being wise with the money that you have again the future will work out when you have a plan and you know what's going on and you're intentional you're going to be okay and if some of your long-term goals if they feel impossible remember just start somewhere right just one step at a time so more than likely you guys you're doing better than you actually think so this whole idea may seem sound crazy coming from me the your money friend that I'm like you know becoming a millionaire that may not be your long-term goal maybe the goal is actually getting peace with your money and then the effect of that because of what you're putting out is actually that you probably will become a millionaire but you're doing it in a more healthy way holistic way which is what I want for you so make sure to check out the next video though on stealth wealth it's very fascinating all right you guys remember to take control of your money and create a life you love
