Allan Dib explains why earning more won't fix your money problems if you can't manage what you have. Lottery winners often go broke because habits matter more than income. Design your environment and use systems like Profit First to build discipline instead.
Even now, people talk about becoming a millionaire or becoming a multimillionaire, but it's very different making that in your business and making that on the top line. What's the disconnect? Where is it all going wrong?
Our lifestyles ratchet up extremely quickly to match what we see in our bank accounts. So while our lifestyle will amplify very quickly to the money that we see flowing in, when the money slows down, we're not going to ratchet back our lifestyle. And then the gap happens.
James Clear says, you know, don't swim upstream, just set up your environment so that it's conducive to the goal that you want to achieve. So whether it's fitness, whether it's finances or whatever, and that's what I love about Profit First, sets up that environment.
The reason I call it the money habit is we need to do something that triggers a habitual response to drive the outcome we want.
We've all heard stories of people who've won incredible amounts.
Oh God.
Lottery and their life has gotten much worse after the initial win. They never learned how to manage that level of money. Yeah. They just blew it. So the question isn't how do we generate millions?
How do you control millions?
