My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“to a future billionaire a millionaire is broke”
What It Means
Your sense of financial security is relative to your ultimate goals and vision for wealth creation
Why It Matters
Shows how mindset and reference points shape financial decision-making and risk tolerance
When It's True
When you have a clear vision for building significant wealth and current assets feel inadequate for that goal
When It's Risky
Can lead to reckless spending or investment decisions, ignoring the real value of current wealth
How to Apply
Set ambitious wealth goals that reframe current achievements
Use this mindset to maintain hunger and avoid complacency
Remember that perspective is powerful but don't ignore real financial security
Example Scenario
“An entrepreneur with $1M in assets might feel 'broke' if their goal is to build a $100M company, driving them to take bigger risks and think bigger.”