Want to be a Millionaire? Here’s What You Need to Give Up

Think of the saying “whenever a door closes, a window opens.”

Who doesn’t want to be a millionaire? I mean, everybody wants to be rich—the feeling that money would never be a problem. However, there are a lot of things self-made millionaires want to emphasize on about being on that level. What we mean is that millionaires, unbeknownst to many, also made a lot of sacrifices and experiences losses on their journey.

Become a millionaire by avoiding these things
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Steve Siebold, a self-made millionaire, said that everyone in this world has what it takes to become a millionaire. More so, he believes that being a millionaire is not about you attracting money, it’s money being attracted to you.

Read: What Age Will You Become a Millionaire? This Chart Will Show You

In his book, How Rich People Thinkhe said that attracting money is no different than attracting other things or being good at something else.

Like most things in life, becoming good at attracting money is no different than becoming good at anything else, be it being a sub-par golfer, losing weight or mastering a second language.”

What other people think

A lot of people think that successful people already had that success factor in them. However, they fail to realize that even these successful people went through a lot of problems and mishaps in life before they achieved or got to where they are.

They also had to give up a couple of things in their lives to pave way for them to become successful.

Without further ado, here are the things that rich people have given up for them to be a millionaire.

Saving is important and is everything

Don’t get us wrong, if you are the type who has savings, then keep up the good work. Why? Because to be totally honest, a majority of people do not have the utter discipline to save money.

However, wealthy people and those who experienced having nothing value the importance of both investing and saving—they also know when and how to do the two in different situations.

Read: The Worst Things Millennials Waste Money on, Kevin O’Leary

So, where do the successful people focus?—earning money. As Siebold tells us, a majority of people like to think that saving and keeping a few tabs of their tiny bit of income could let them miss a lot of opportunities. The rich, on the other hand, focuses what they can think of to where they and their money belongs: big and uncountable money.

Short-term thinking

Siebold tells us that the goal of the mass is to retire at 65 years old with the hopes that they will have enough money until the time they pass. This is one of the most incorrect things people dream about—world class, rich, and the successful people think more than that. With their ambitions, they always think of getting and earning more every single day that passes.

To conclude, Siebold explains to everyone to not have the fear of thinking big—just try to control it, he says. A person has all he or she needs to make and generate income more than they can spend.

He closes the statement with the thinking; if not you, then who?

Toxic relationships

It could be family, friends, business partners—whoever you spend your time with, should be cut off if they’re giving you a difficult time. In fact, who you h**g out with matters more than how you can imagine it.

Siebold explains that choosing who to surround yourself with could affect your net worth drastically.

Read: Who Knew That You Can Save Money By Recycling Common Household Items?

Successful people generally agree that consciousness is contagious, and that exposure to people who are more successful has the potential to expand your thinking and catapult your income. We become like the people we associate with, and that’s why winners are attracted to winners.”

It may sound cliche but it’s actually true—winners attract winners and sore losers attract losers. So, for you to be able to maximize it, you need to choose people around you wisely.

Things you cannot afford

Siebold further gives an explanation why the poor and the working class remain at their level without ever seeing an improvement even if they’re striving harder each and everyday.

Do you know what the working class is known for? Well, they don’t try and save whenever they choose to. They earn little or just enough and they spend it all just for them to live a decent existence.”

Siebold explains otherwise that rich people, instead of buying unnecessary things even if they earn a lot, pay themselves first. They do not focus on spending their money; they do not focus on saving—they focus on earning more.

Your 8-to-5 job

The regular people yearn for a job so that they can earn money either on a bi-monthly basis or a monthly basis. This is not a bad thing, in fact, a lot of self-employed people start by having a job in order for them to learn the values of money.

However, as they progress, they eventually learn that a stable income and job would not be enough to be successful. The rich people choose to receive income from results and most usually, they’re self-employed according to Siebold.

It’s not that there aren’t world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest. The great ones know self-employment is the fastest road to wealth.”


Successful people do not wait for money to come—they have a specific goal and time frame and they plan hard with their deadlines. Most people arrive at the idea of them starting a business but never start it. Their ideas could be golden—it could actually be a life changer but because they fail to start, other people come up with that idea and they get left behind.

Siebold explains that the average person wants to start a lot of things. Rich people, on the other hand, has one goal and focuses on that goal to become a reality.

The average person half-heartedly wants a lot of things. On the flip side, rich people “wholeheartedly focus on one major goal at a time” and “set a deadline for its achievement. This is how self-made millionaires are created.”

Fear of loss and disappointment

Business is known to be a game of risk and failure. It is true in the most parts of business people that the average person doesn’t see. Siebold writes that the best people are those who operate at a level where they do not feel fear anymore.

Read: A Man was Able to Save up to P500,000 with his Coins

The great ones are operating at a level of consciousness where fear doesn’t exist. At this level of thought, anything seems possible. Every dream that seems crazy to the masses looks surprisingly doable.”

There are a lot of things that successful people and millionaires have in common—they understand that in life, there are things that they need to give up and sacrifice in order for them to become successful.

If you want to be a millionaire and to be successful, you have to understand that losses are part of success and that successful people treat this as a part of improvement and the journey to success.

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