Unfiltered:

Do you ever wonder what it takes to be a multi-millionaire? How do the wealthiest among us manage their finances and what secrets do they keep close to the chest? Today, we’re peeling back the curtain and taking an unfiltered, no holds barred look at the real numbers behind the success of a multi-millionaire. From income to investments, expenses to savings, this is the true story of how wealth is created and managed.

The Income

For many people, the idea of being a multi-millionaire conjures images of extravagant wealth and endless indulgences. But the reality is often much more nuanced. Take, for example, the story of a neurodivergent entrepreneur I know, who built a wildly successful business while also prioritising family and self-care.

In order to achieve this balance, she had to have some radically honest conversations with herself about what truly mattered to her. For instance, she refused to sacrifice her planet and people values for profit, which meant choosing suppliers and business partners who aligned with her ethics.

Another aspect of her income strategy was focusing on affordability. By finding ways to keep her overheads low and her margins high, she was able to grow her revenue exponentially without sacrificing her core values.

In short, this millionaire's income wasn't the result of some get-rich-quick scheme or magic formula – it was the result of hard work, careful planning, and a commitment to doing things her own way. And it's a reminder that true success isn't just about the money – it's about living a life that aligns with your values and priorities.

The Expenses

It's easy to assume that multi-millionaires live a lavish and indulgent lifestyle with no financial constraints. However, the reality may surprise you. While their income may be impressive, their expenses are still a critical factor that determines their financial health. Let's take a closer look at the expenses of a multi-millionaire.

For starters, multi-millionaires are human beings like everyone else, and they have bills to pay, just like everyone else. But, what makes them different is their approach to spending. Unlike many people who are driven by instant gratification, multi-millionaires prioritize their expenses to reflect their values.

For instance, a neurodivergent multi-millionaire may prioritize therapy sessions to improve their mental health. Or, a "hippy mumma" multi-millionaire may spend on organic food, sustainable clothing, or natural wellness products that align with their values. Similarly, multi-millionaires may engage in radically honest conversations about finances with their partners or loved ones, prioritizing family and self-care expenses above all else.

That said, multi-millionaires also strive to maintain a balance between their expenses and their income. They're not afraid to seek out wildly affordable alternatives that won't compromise on quality. They're conscious of the impact their expenses have on the planet and people, and so they seek out ethical and sustainable options that align with their values.

Overall, the expenses of a multi-millionaire are much like anyone else's expenses, with the exception that they have a higher budget to work with. They're intentional, values-driven, and focused on balance. Understanding their approach to spending can provide valuable insight into how to make the most of our own finances.

The Investments

As a multi-millionaire, investments play a crucial role in sustaining their financial success. While some may think that a large portion of their money is invested in high-risk stocks or real estate properties, the truth is that the investments of a multi-millionaire are just as varied and unique as they are.

One surprising aspect of a multi-millionaire's investments is their emphasis on socially responsible and sustainable companies. Many successful entrepreneurs prioritize their values and beliefs when choosing where to invest their money, such as supporting companies that prioritize environmentally-friendly practices or are led by diverse leadership teams.

But don't mistake them for a "hippy mumma" who blindly throws money at any social cause. A multi-millionaire's investments are well-researched and thought out, often seeking professional advice and taking the time to understand the long-term potential of a company before making a decision.

Moreover, multi-millionaires don't just invest in companies - they invest in themselves. Prioritizing family and self-care is vital to maintaining long-term financial stability and success. Many multi-millionaires invest in experiences that help them stay motivated and productive, such as retreats, courses, or personal trainers. These investments may seem extravagant, but to a successful entrepreneur, they are wildly affordable in the long run.

The Debt

Many people assume that a multi-millionaire is debt-free, but this is not always the case. Debt is a tool that can be used to grow wealth, but it must be managed properly. For a multi-millionaire, the priority is always to maintain a positive cash flow, so debt must be used strategically.

It's important to prioritize debt repayment and make sure it fits into your overall financial plan. While it's tempting to pay off all debt as quickly as possible, this may not always be the best approach. A multi-millionaire may have various forms of debt, including mortgages, investment loans, and business loans, which can help them grow their wealth. Instead of focusing on paying off all debt, the priority is to prioritize which debts need to be paid off first and how much money should be allocated towards them.

Additionally, it's important to prioritize family and self-care when dealing with debt. Multi-millionaires may have multiple streams of income, but they also have numerous responsibilities. Debt repayment should not be at the expense of personal health or family relationships. By finding a balance between debt repayment and family and self-care, a multi-millionaire can build long-term wealth while also enjoying the benefits of their hard work.

The Savings

It's easy to assume that multi-millionaires simply hoard all of their money and never spend a dime. However, the reality is quite different. Most successful individuals understand the importance of prioritizing savings in order to build long-term wealth. In fact, saving and investing is a fundamental part of any successful financial plan.

When it comes to savings, multi-millionaires are no exception. While they certainly have more disposable income than the average person, they still make a concerted effort to prioritize saving and investing in their financial goals.

Of course, everyone's financial goals are different. For some, it may be about building a comfortable retirement fund. For others, it could be about putting their children through college or starting a business. Whatever their goals may be, multi-millionaires tend to be strategic about their savings plans.

One of the most important things they do is to prioritize family and self-care. This means that they are willing to spend money on things that will improve their overall quality of life, such as vacations, health care, and hobbies. By taking care of themselves and their loved ones, multi-millionaires can reduce the risk of burnout and enjoy their wealth for years to come.

At the same time, they are also savvy about investing their money in areas that will help them grow their wealth over time. This may involve diversifying their portfolio with a mix of stocks, bonds, and real estate, or it could mean putting money into high-growth areas like tech startups or emerging markets.

In short, multi-millionaires understand that saving and investing are crucial components of any successful financial plan. By prioritizing family and self-care and making smart investments, they can continue to grow their wealth while enjoying all that life has to offer.

If you would like to learn more about a multi-millionaires finances, click here.