Jan 8, 2019

Ep 64: How to Make a Million Dollars with Your Business

Show Notes

 

Here’s the truth about money: The more you have, the more impact you can make. So why wouldn’t you want to make a million dollars in your business? Well, for many of you, it boils down to what you believe. So much of what I teach you is to believe. Believe in yourself, believe that you can do the thing, and believe that God put that dream in your heart for a reason.

Remember when you were a kid and you believed? Maybe you believed in Santa, the tooth fairy, the Easter Bunny, even flying reindeer. You believed you could be anything you wanted to be. You believed anything was possible. Maybe you even believed you would be a millionaire when you grew up.

But something has changed since then. Something happened as we grew up and became more reasonable and more logicalwe stopped believing. At some point in your journey, whether you realized it or not, you stopped believing and you settled. You probably thought, Well, I’m not going to dream too big because I don’t want to end up disappointed. If you don’t believe something is possible, you’re never going to try.

When you set goals for your business, you also create a plan to achieve them. It’s the same with being a millionaire. If you set a goal of becoming a millionaire, you have to create a plan to make it happen. It’s as easy as that.

You have to be careful of the words you tell yourself. When you hear those negative thoughts in your head saying, I’m not enough, you just need to have a positive thought prepared to tell yourself, I am enough. I got this.

Related: Ep. 58 — Perseverance in Your Business: How to Keep Going When You Want to Give Up

Working Through All the Feelings About Wealth

We all have perceptions of what we think it takes to be wealthy. We even have perceptions of what we think it means to be wealthy. Should I feel guilty for having money? No! Is it even okay to have wealth? Yes! Yes, it is okay to have wealth! Listen, when God blesses you with His resources, it is up to you to steward these resources well, and He will bless you with more. Imagine the impact you could make if you had an abundance of resources.

The bottom line is that you need to be a good and faithful servant of God’s resources. Imagine being able to give like never before and change your family tree. Now that right there is what it’s all about.

Building wealth in a smart way, slow and steady, for the right reasons is the way to go, and you can do this. Don’t get me wrong: It’s okay to enjoy nice things. There is nothing wrong with that. But the true joy in building your wealth comes from being able to give generously and leave a legacy for your family.

Related: How to Set Prices

How to Make a Million Dollars in Your Business with Chris Hogan

Chris Hogan with Everyday Millionaires Book Chris Hogan is the national best-selling author of Retire Inspired, host of The Chris Hogan Show, fellow team member here at Ramsey Solutions and last but not least, my good friend.

So, before we get started, let me tell you a little about Chris. You know those people that walk in the room and just own it? The people that have everyone’s attention because you just feel their presence? That’s Chris Hogan.

It’s more than his booming voice that commands attention. It’s his contagious passion to help people understand how to build wealth and live the life they’ve always wanted. To say he gets people fired up is a huge understatement.

So, in this episode, Chris Hogan and I are going to get you to believe again. Because you may not realize it, but you already have exactly what you need to make a million dollars in your business.

The Largest Study Ever Done on How to Make a Million Dollars

Everyday Millionaires Book Steve Jobs once said, “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”(1) But don’t just take Steve Jobs’ word for it—the research backs it up. In the largest study ever done on millionaires, Chris Hogan and his team found that 93% of millionaires say they got there from hard work.

Millionaires have learned that hard work matters more than the size of your paycheck, where (or if!) you went to college and what kind of family you were born into.

Y’all, this is exciting stuff. I can’t wait for you to hear exactly how to become a millionaire. You’re going to be blown away at just how attainable this really is! Remember, it doesn’t matter where you came from. It matters where you’re going. Regardless of the situation you were born into, regardless of the job you have, you can make the decision today to become a millionaire.

If you’d like to get a quick look at where you stand today and what it will take for you to become a millionaire, check out Chris’s free net worth calculator.

Chris Hogan is going to give you so much great information in this episode, and you can find out even more in his brand-new book Everyday Millionaires: How Ordinary People Built Wealth—and How You Can Too. In this episode, Chris Hogan and I will discuss:

  • Building wealth and why it’s important
  • Why it isn’t selfish to put money aside for your future—it’s smart
  • Why becoming a millionaire feels impossible, and why that’s a myth
  • The real traits, qualities and job titles of everyday millionaires
  • The #1 thing everyday millionaires did to accumulate wealth
  • How you can make a million dollars with your business

And y’all, as business owners, you’re already ahead of the curve on this. 96% of millionaires say they enjoyed what they did as their career. Look at that! There really is something to this whole “make money doing what you love” thing. As an entrepreneur, there is really no limit to your earning potential, because you get to decide—with your efforts and your actions—how much you make!


1:22 Working Through All the Feelings About Wealth

14:42 How to Make a Million Dollars in Your Business with Chris Hogan

39:35 #AskChristyWright

51:25 Encouragement to Dream Big


Resources

Chris Hogan’s new book, Everyday Millionaires: How Ordinary People Built Wealth—and How You Can Too is available now! Use the code BBWEALTH at checkout to receive a bonus Business Boutique podcast episode with Chris Hogan where we talk about 7 Mistakes That Could Keep You From Becoming a Millionaire. Order Everyday Millionaires at ChrisHogan360.com.


If you have a success story you would like to share with the Business Boutique community, email me at podcast@businessboutique.com.