“But you’re 20″

“It takes years to become a millionaire”

“You’ll never do it”

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These are all comments that you and I would face when we announce to the World our burning passion to become a millionaire.

I haven’t been brazen about my goal. In fact, this blog is the only real way I’ve told anyone that I want to become a paper millionaire by my 21st birthday, and I’ve done that on purpose. You see, becoming more successful is not all down to tactics, business practice and ability…. I’ve learnt that a lot of success is created inside the mind.

Getting ahead in life is done by the people who know and believe they can do it. Most people “put up” with their social standing because they don’t realize any other way that their life can be. They don’t realize that they can actually do things that will improve their life and could make them a lot of money. Obviously, not everyone is interested in money, but because you’re reading this post, I’ll take a guess that you are, along with me.

So I want to dedicate this post to why I believe I am ready to become a millionaire..

The biggest falacy about wealth is that hard currency determines how much you are worth. That’s wrong.

The way you calculate your net worth is to take your debts from your overall personal assets, which include your capital (money), real estate, investments and any businesses that you own / run. A lot of people who will read this blog will not realize that I want to become a paper millionaire, which is very different than being someone who has a million in the bank.

What I’m trying to point out here is that my goal is to become worth $1,000,000, and that’s going to be done by building several strong businesses that will be worth several hundred thousand dollars each. I’m not trying to earn 1 million in a year which is where many people slip up.

I’ve done the whole ” I want to earn $300,000 this year” and all that… but that does something to your mind which is extremely poisonous – it makes you focus on every day as if it’s your last. You will see in my post about my generalized plan that I believe it’s better to look at the bigger picture rather than everything at ground level. And what happens when you try and make $x in Y days is that you set yourself a target that you NEED to work for you every day.

Say you want to make $365,000 in one year. That means that you NEED to earn an average of $1,000 a day. And if you can’t do that, then you’re going to get so down-beat and depressed that you’ll end up quitting after 2 months. This brings me nicely back to my initial point of why I think I’m ready for the big time:

Making money is all about how much you can acknowledge yourself earning. Many people don’t think they can “do” business… so that’s exactly what happens to them. They become distracted by thousands of different tactics which are promising magic bullets and they eventually get tired and spend $100’s on worthless products. I’m ready to hit the million dollar mark because I have matured my business mind enough to make myself realize that making a million isn’t going to happen in a day, because it’s all about assets… and assets take time to grow and mature.

It’s my firm belief that assets are going to be my most powerful source of revenue & growth, which is what I’ve constructed my plans around. Growing an asset is a great determinant of how much you are worth, meaning that if you try and make an asset(s) worth a certain amount, you’ll eventually reach that target. I’ve got several businesses that are growing up now, and it’s my aim to have these mature and make me a millionaire by March 5th 2011.