Who wants to be a billionaire?

How do you see a billionaire?

Your mind doesn't really know how much money you have

- From chapter 22, If you want to be rich don't work for money


Have you ever heard someone say they want to be a billionaire? Maybe you are that someone. You see the lifestyle of these insanely rich people and you want that for yourself. It is a good desire. But there is an unseen catch.

Most people think that the journey to becoming a billionaire is a journey of having. They assume that you actually “have” your way to becoming a billionaire. Meaning that they think they are getting closer to becoming a billionaire by having things. But that couldn't be farther from the truth.

Yes, super rich people have things. But they don't get there by having things. Think, you must have noticed it yourself before.

A billionaire is someone that has given up a lot of things.

Still don't get it? Most people talk about what they will do to become a billionaire. You rarely find people who talk about what they're willing to give up to become a billionaire. The “giving up things” part is the real work.

What are you willing to give up for your financial ambition?

Dan Peña is used to saying, “Ladies and gentlemen, you can't have it all”. I listened to an interview of Bill Gates where he said that he didn't believe in weekends during his younger years. That is not a popular take today. People want to take it easy and still strike it rich.

This is not to say that you must give up your weekends and time with your family because you want to grow richer. Not at all. This is just saying that your ambition, whatever it is, will take something away from you. If you can't give something up, don't be surprised if nothing is coming down.

It could be as simple as giving up watching the news every morning to have more time and mental alertness to deal with your major priorities for the day. If you give up something big, a big break will come right back at you.

So when next you hear someone say they want to be a billionaire, ask the person:

So what are you going to give up for that dream?

- David

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