Becoming a millionaire isn’t easy. And yet looking back, it’s really wasn’t hard. It takes discipline and patience. But there is something that can help you get started. There is a first step to becoming a millionaire.

The First Step

The first step to becoming a millionaire is finding motivation. Without it, all efforts will fall short. Now motivation can come in the form of attraction or repulsion. We’re always moving towards love or away from fear. I prefer moving toward love. But fear can be a great motivator too.

Fear of Running out of Money

The fear of running out of money is probably the number one reason clients come to me. That’s why annuities with guaranteed benefits sell so well. The problem is annuities are NOT a financial plan. They cost too much. They’re almost never annuitized. And they pay huge commissions that aren’t transparent.

Invest in Things You Love

If you want to have a million dollars, a better way is to invest in your dreams. These are goals that you would love to do. These are the things that get you outta bed in the morning, like taking your family to Paris to see that tower. The right goals will motivate you to take first step towards becoming a millionaire. How do you set goals?

Smart Goals

Set specific, measurable, achievable, results-focused, and time-bound goals – SMART Goals. For more on SMART goals, check out:


Use WOOP to make your SMART goals happen. WOOP is a goal-achieving technique by Gabriele Oettingen, a researcher and psychologist at NYU and University of Hamburg. With WOOP you have your Wish (Smart Goal), envision and Outcome, acknowledging the Obstacles to overcome, and form a Plan. For more on WOOP check out:


No matter what your circumstances, you’re never going to become a millionaire if you don’t take the first step. The first step to becoming a millionaire is finding motivation. The right goals will motivate you to take that step.

For more, check out:

Goal Setting Techniques

Asking Insightful Question

Rich Feight, CFP
Rich Feight, CFP

Hi, I'm Rich Feight I'm a fee-only Certified Financial Planner, successful business owner, and self-made millionaire that knows how to beat the system and become wealthy. I have a lot of clients that have done it too. I'm also pretty good at finding that ever-elusive work/life balance so many of us strive for. Lucky for you I have an abundant mindset and give all my knowledge away on my blog. So if you want to know what it takes to become a millionaire, follow me.