Why You are not a Milllionaire Now
The first million is hard while the second million is inevitable provided you can make the first million. On the journey to the first million, it would look like you being slowed down by a lot of things while some are out of your control, some are just within your control and I will like to discuss them.
The first thing that you would face is time constraints. I always tell my friends that we only have 24 hours daily and this isn't enough for every human. If you have a job that pays less than 100k annually and 80% is used to clear feeding, rent, and other bills, leaving you with 20% for saving, then it would take a long time up to about 50 years to reach the 1 million mark and when inflation hits, the million might not be the same thanks to inflation. The time is not there for you, so you have to make time by finding ways you can make money without your time being affected.
Unless you have a mindset of a millionaire is another thing. I tell myself that while I have to celebrate every wins both big and small, I do not have to spoil myself on every win. People who do this regularly always spend most of their earnings during the little time they want to spoil themselves instead of investing that time and money into getting more money for themselves.
If you want to reach the 1 million landmark you need to overcome being shy or being embarrassed. The highest that can happen is people laughing at you or your idea or saying you are not ready, they cannot kill your fire, goals, or vision. Try to embarrass yourself so much that you get bored when they talk about it and keep yourself so busy that you do not worry about what people say.
If you are scared of risk, then you do not fall into the league of people who aim for millions. I would always say to myself that provided it is a properly calculated risk, I am willing to take it. Taking unnecessary risk is being foolish but taking calculated risk is a quick way to success. Starting a business can be very risky but entrepreneurs still do it even when they know that it is risky, they just managed the risk.
I have noticed that people usually live according to how their incomes increase. I refer to this as the lifestyle inflation and a lot of people do not even know that are doing this. People start to buy more expensive things gradually as their income increases even when they cannot afford it but because they live it because their salaries are increasing.
In the goal to live big, you begin to get into debt overtime because the banks and financial organizations begin to notice that they begin to earn money and so they start to give them different juicy loans and credit so they can be locked in debt so you can pay interest.