I asked my team to answer this mindset question: What would you do if you were given $10M today?

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Recently we implemented a new team building initiative inside our organization. Every Monday morning, whether you are working on that day or not, everyone needs to check-in on project management tool to answer the Question of the Week.

Last week, we went with this tricky mindset question: “What would you do if you were given $10M today?” Everyone had some amazing plans to give back, build schools and charities, buy proper health care/insurance, pay their debts, invest long term, secure a safety fund, set up a trust fund for their siblings/child for college, live their dream experiences, travel in an exotic location, buy their parents a dream home, etc. But no one was even close to the right mindset.

The right answer is to not take the money unless you are worth more than 10 million dollars.

Here’s why:

Money equal responsibility and 10 million dollars is a HUGE responsibility. Such big amount needs to be managed by someone with knowledge and experience to do so. Did you know that the average lottery millionaire winner ends up bankrupt just after 3 years? Or that, if you gather 100 people in a close community, 50 middle class and 50 billionaires, then split everyone’s money equally, over time all billionaires would regain their money and all middle class would lose the money they were given? But why is that?

The greatest learning from this trick question is, a business will never outgrow the worth of the owners or your self-worth will never outgrow your self-development.

Money is an illusion. You don’t need it to:

  • Give back. Give back your time, knowledge, smile, kindness, and support instead. Money can never help someone with a negative state of mind. Read Give and Take by Adam Grant to learn more about this.
  • Make an impact. Start by becoming the best person you can be, and inspire people around you before you even think of saving the world. Read Think and Grow Rich by Napolean Hill, and Awaken the Power Within by Tony Robbins for more advice on this.
  • Travel the world. Traveling Southeast Asia with a disciplined budget would cost you no more than $1000-$1500/month, and you could do this while working online and earning extra cash. Read The 4 hours Work Week by Tim Ferriss to know how it’s done.
  • Pay your debt. The entire planet is on debt. You just need to know how to manage your debt. Use it as leverage, and don’t try to repay it in full before starting a living. Read Rich Dad, Poor Dad by Robert T. Kiyosaki, and The Richest Man in Babylon by George S. Clason to learn more about how to manage your debt.
  • Invest in yourself. Doing this is almost free with the help of the internet. With all the personal growth content on Youtube, podcasts, and Tedtalks, your goal is to use The 5 Second Rule by Mel Robbins to kick yourself in the butt and take tiny constant actions on your learnings. Keep a daily personal growth journal and read The One Thing by Gary Keller as a guide in doing this.
  • Get your dream home, car, big toy or other material wealth.This is a brainwash dream sold by Hollywood and advertisers. It will give you momentary happiness, a dopamine rush, that will fade over time. Seek happiness the state of mind instead of happiness the emotion. Read The Power of Now by Eckart Tolle to learn how this can be achieved.

Here are 5 pieces of advice on personal finance to help you start building the right habits NOW:

Pay Yourself First concept.

Before paying any of your bills (credit card, loan, utilities, food, rent, etc.) pay yourself by dropping 10% of your income in a close investment bank account. Your goal is to forget about this money like it doesn’t exist, and then grow it to reach an amount that you’ll be able to invest on something with a 10–20% profit, depending on your skills and resources.

Invest in self-development 10% of your goal net worth

People who are worth 1 million dollars invested the equivalent of $100,000 worth of self development products on the same domain to become experts. Buy books, join courses, attend seminars, live life-changing experiences on the skills that will lead you to the top.

Give back 5% of your income.

Giving primes your brand to the highest state but do it wisely. Study show that Givers are either right at the bottom of society or way way at the top. Put some barriers when giving your time, money, knowledge that people don’t take advantage of you. Structure it and build the habits. Sponsor a child, volunteer, educate, etc. Find a cause that you are truly attached to. It will even make you want to commit to devote more time

Change your mindset from poor person thinking to rich person thinking.

Don’t save on cheap food full of chemicals that would immediately deteriorate your health and lower your energy, which could stop you from fully living in the present moment, and impacting your surroundings. Don’t lose 10–15 minutes on finding deals and discounts on saving a few dollars. Spend those extra dollars, clear your mind of thoughts and put your time on learning and acting on becoming a person with a better self-worth.

Change your words, change your mind.

Sit down with a piece of paper and ask yourself, “How can I afford that?” instead of telling yourself, “I can’t afford that”. Then list down 20 solutions to your problem. This will push you to be creative and help you determine your skills, network, knowledge, and resources in order to know the first small step of action you should take.

Start living, people. Don’t die before you’re dead. Say NO to emails, social media notifications, advertisers wanting your attention, the media, TV series streaming marathons, lonely friends wanting your attention, etc. and go work on yourself daily to become a human worth 10 million, 100 million, or even 1 billion dollars and WHY NOT 1 trillion dollar. Constant re-transformation until reaching mastery.

But don’t get me wrong here. Not all billionaires are good people but most of the self-made billionaires made it by doing ONE THING: empowering their people inside a strong organizational culture. “Business Culture is not part of the game, it is the game,” and it starts by empowering and giving back.

Here are some tools you can use to help control your time and attention to start working on what really matters:

On your laptop:

On your mobile:

THERE’S GREATNESS INSIDE YOU! Unleash it TODAY! Baby steps daily.

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