The Number 1 Reason You'll Never Be a Millionaire

The only reason you'll never be a millionaire isn't what you think.

Success is a mindset issue, not a skill or intelligence issue.

If you don't yet understand the paradox of winning in business, investing, and personal finance, let me give you a little taste of what I've learned.

Business is much like pro sports: winning is more paradoxical with every skill level you go up.

The better you get at something, the more you move up the competition ladder; the harder it is to win.

Winning more doesn't necessarily make you better at winning, it should make you better at growing from the losses.

At the highest levels of pro sports, business, or startup life, it takes more consistent focus, strategy, and effort than at the lower levels.

If you don’t plan to compete at the highest levels and handle how losing feels, you'll never get to your lofty million dollar mountain top.

If you never risk something, you'll never gain something.

Losing money, investments, employees, opportunities, and business partners feels sucky at times, and truthfully, maybe competing at the highest levels isn’t for you.

It's stressful to worry about losing.

About what happens with your startup.

With how you feel responsible for your employees.

With the customers you feel beholden too.

Success isn't easy as you move through the ranks.

If you want to achieve something of great consequence in the future, you must act with great consequences today.

The bigger the mountain you want to climb, the more consistent drive, push, steps, focus, energy, and loss it takes to get there. The smaller the achievement, the less energy, loss, and consistent focus it takes to get there.

The coolest part about choosing to climb the mountain of business, money, startups, and investing (unlike pro basketball) is that anyone can get better in this domain if they understand the paradoxical nature of winning. Of competing in the next arena. Of personal growth.

Many want to win at the highest levels but don’t want to lose enough to make their dreams happen.

Yet, that’s exactly what happens the better and more competitive you get.

To go from $50,000 in revenue to $5,000,000 in revenue takes a whole new set of skills, failures, and understanding.

Underachievers view achievement as a destination, and over-achievers care more about improving the process of getting to their destination.

The millionaire mindset thinks the process always trumps the destination.

Moving to the next level in almost anything makes it exponentially harder.

That raise is harder to get in upper management. Replicating next season's championship or revenue target is going to be tougher. Making the same amazing returns on your investment portfolio is more challenging.

As the competition pivots and adapts, you must implement different strategies for playing to your strengths. The better the competition, the more they try to expose and make you play to your weaknesses.

The 20 percent of what you did to get 80 percent of your results will shift.

And if you don't adapt, you'll stop winning as much as you once did.

Winning gets harder because it takes a more consistent and better process.

It takes more daily, weekly, quarterly, and yearly strategies than at the lower levels.

Underachievers- people, businesses, or teams that can't deal with winning- view achievement as their ultimate destination. Overachievers care more about consistently improving their process while getting to their destination over and over.

Double down on making your process better, and let the winning (and millions) happen.

This is how I define winning and achievement now, understanding what I want my process to be (how I want to invest, how I want to spread risk, what businesses I want to focus on, what people I want to work with) and how much I want to start losing to achieve or learn what I must to finally succeed.

Good luck out there.

Mr. Mullet