3 Things MILLIONAIRES Focus On To Become WEALTHY
28 Mar 2022 · 25 min
In this Mindset Mentor episode, host Rob Dial explores three core principles he observes among millionaires that differentiate them from typical success advice. Drawing on personal anecdotes about friends who have built and sold multi‑million‑dollar companies, Dial argues that wealth stems from (1) doing work that "lights you up" – aligning passion with daily activity; (2) solving other people’s problems, which typically manifests as entrepreneurship; and (3) directing effort toward helping others, often through charitable giving or purpose‑driven business models. He emphasizes that these habits sustain motivation far longer than money‑first mindsets and that hard work feels like play when aligned with passion. The episode is interspersed with multiple sponsor ad reads (Progressive, LinkedIn Hiring Pro, Total Wireless, Too Good To Go, IXL, NetSuite, Sunday, Happy, Instagram, Metro) that are largely promotional and not central to the core message. The episode concludes with a call to share the podcast and a reminder to make others' days better.
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Welcome to today's episode episode of the Mindset Mentor Podcast. I'm your host Rob Dial and if you have not yet done so, hit that subscribe button so that you never miss another podcast episode. And if you want to receive emails from me every single Monday morning with my intentions going into every single week, I sit down and I write my intentions out for each week and then I email them out to you guys so that therefore if you want to steal them, hey, you can steal my intentions and try to bring them into your week as well. Go to mondayemail.com right now. It is absolutely, absolutely free to sign up just mondayemail.com and I'll send you an email every single Monday. Today we're going to be talking about three things that millionaires focus on to become wealthy and I'm going to try to talk about something, some things that I never hear people talk about. I don't want to talk about just the standard stuff that you might hear or possibly think. I want to talk about some things that might be a little bit outside of the box. Okay? Because a lot of people make videos, and a lot of people make podcast episodes about the habits of successful people, what actions that they take when they wake up, et cetera, et cetera, et cetera. But a lot of times they're not, you know, a lot of times the people who are making the videos are not wealthy themselves, or they don't really know people who are wealthy. And so this episode, I want to, you know, it's not going to be the same as the typical one that you might hear out there with, like, the habits of them. I've been blessed in my life to acquire what some people would call wealth and some people would call success and all of that. I've also been able to get some really great friends that have way more than I do. I have a couple of friends that recently sold their companies for a few hundred million dollars. And I've been able to see how that person works and how they act and how they think, and they've amassed large amounts of wealth. And I'm just hoping to give you some different perspective, from an insider's perspective of things that I've done, but also at the same time, things that I've seen people do that are good friends of mine as well. So it's going to be a little bit different than what you're probably used to. So let's go ahead and dive in. The first thing that I have seen with people who are millionaires or have become millionaires or have amassed certain amounts of wealth is almost every extremely successful person that I know does something that lights them up, which is interesting because the majority of people don't like what they do. Almost every person that I know that is extremely wealthy does something that lights them up. I have a friend who is, you know, worth well over a hundred million dollars, and he loves real estate. He is absolutely obsessed with real estate. And he eats, sleeps, and breathe real estate. Well, that is also how he makes his money, right? He loves real estate. That's just his thing. And so real estate is the way he also makes money as well. And he's been able to in, you know, under 50 years, or just over 50 years, actually. I think he's 53 been able to worth about $150 million. Okay. I have another friend who just sold his company for a few hundred million dollars in the health space. And he is absolutely obsessed with his health. He's obsessed with working out. He's obsessed with looking good. He's obsessed. I mean, all of his friends are like the fittest people you've ever Seen, right. He's obsessed with how he can keep himself healthy. And so naturally he just likes reading about different compounds. He likes reading about different ways that he can have more energy and different ways that he can lose weight. And he's just obsessed with it. Like he eats, sleeps and breathes this stuff. And so he started a company 10 years ago that had to deal with that because he was already obsessed with it and it was something that lit him up. And then he just sold his company for a few hundred million dollars about six months ago. I also have another set of friends who are obsessed with emails and they started a supplement company and they just really got really, really good. Like they love the psychology of sending emails to people and what makes people buy, what makes people not buy, and, and they just sold their company for a few hundred million dollars as well. But the common denominator among these, you know, three different companies, but they're four different people in these three different companies is they are absolutely obsessed and love what it is that they do. One of the biggest misconceptions that I think a lot of people have is that you have to struggle your way to success. Now I don't want you to think that there's not some hard times that happen to come about, come around for these people. There's definitely hard times that come around. It's, it is a little bit hard at some points and there's some failures and there's some mess ups. But one of the biggest misconceptions is you have to absolutely struggle to be successful and nothing can be further from the truth. Is it hard? Yes, absolutely. But to most entrepreneurs, that's actually fun. The ups and the downs and the game of being an entrepreneur is actually something that is fun. Most wealthy people that I know do something that they love. It's something that they're passionate about, it's something that they believe in, and it's why they don't stop when they get wealthy. Like one of the things that people are always like, well, why don't, you know, they've already, you know, they're already worth $50 million. Why don't they just quit? Because it was never about money in the first place. That's the issue that people don't realize. They're like, well, this person's already a billionaire. Why don't they stop? Because they never became a billionaire because they were focused on money. They became a billionaire because they were absolutely obsessed with something and they decided to learn as much as they possibly could and become the best that they possibly could at what that one thing is. And so it's never about the money. If someone's going just after money, they might make some money, but they're not going to be able to sustain really long term because eventually you just get tired of making money. What happens is people are literally learning that they can get better at something and they can learn more about something. And a lot of their personal growth comes from running a business and from growing at that thing. And so what they're doing actually gives them energy. And that's the reason why it's so important to is that we all find something that we love. Because success requires hard work, no matter what hard work, you know, and you can hate it every single step of the way, or you can do something that you love so that it doesn't feel like work. It is going to require time, it is going to require work. It is going to be hard, it is going to be easy. But when you do something that you love, you actually don't feel like you're working. It sounds like a corny cliche that if you do something that you love, you'll never have to work another day in your life, but it just feels like part of you. It is just what you do. For me, I love this podcast, planning these episodes, recording these episodes, running a business where I teach people how to grow, coaching businesses online. I love what I do. I love all of this. There's nothing more that I'd rather do. So if you love what you do, you'll work really hard at it, because it doesn't seem like work, it just seems like fun. And hard work is a prerequisite for success. So if you hate what you're currently doing, if it doesn't light you up, you're in the wrong line of work. And it's going to be really a struggle to get the success that you actually want when you're going that way. So that's the first thing, is that they usually do something that actually lights them up as well.
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Most people who are extremely successful are trying to Solve problems in the world. Wealthy people are almost always entrepreneurs. There's very few people that I know that are extremely well, actually, there's none, if I'm being honest with you. They're extremely wealthy that have, you know, they work for somebody else or, you know, they're just like a, an employee at a company. Usually extremely wealthy people are entrepreneurs in some sort of way. And I have a friend who said this one time and it really like stuck and I don't know if I'll ever forget it. He said an entrepreneur is someone who takes somebody else's problem and makes it their own. They take somebody else's problem and they make it their own. You know, so if you go back to, you know, my friends that I just gave you examples of, the ones that have a supplement company, they have supplements because that was somebody's problem that they had at some point in time and they made it their problem. How can we create, you know, supplements that are better for somebody? My friend who's in the health space, he. A lot of people have health problems, okay? So he learned all of these ways to become healthier and how this works in your body, how this gives you more energy, how this works with your brain, how this works with your gut, all of those things. He might not have gut issues, but he's created gut, gut supplements and gut things for people's guts so they could, you know, heal their guts. That's somebody else's problem that then became his problem and he wanted to solve it. And so the second thing that a lot of people that are very successful do is they solve a lot of problems. You know, a successful entrepreneur is someone who takes others problems and solves them well. So if you notice, you know, a lot of them will go into a market that they might have a little bit of knowledge in or no knowledge in, but they see that there's a lot of problems that they need to be solved in it. They notice a need and then they help people with that need. Right? And what's really interesting is that the news in social media, a lot of times they tend to bring successful people down. But in a lot of ways, the people that I've found that are the most successful are also some of the kindest, most giving people in the world. And what they're trying to do is they're trying to help people through their work and they're trying to solve people's problems. They're trying to invent new things or improve current things to solve people's problems. And a lot of times they solve problems that a lot of people didn't even know that they had. So, like, for instance, the invention of the car, right? People were already moving from place to place. They were walking for millions of years. You know, there was already horse and buggies. There wasn't necessarily a problem. People didn't know they had a problem. And then the car was invented and they're like, oh, now I can move quicker. I didn't realize that moving slower like I was was a problem. And then what happened? Then the plane was invented and they were able to move people faster. And so it was like, first people were walking, and then the horse and buggy was invented, and it was able to move people faster. And then the car was invented and
it was able to move people faster.
And then the plane was invented, it was able to move people faster. Right? So it's. It's problems a lot of times that people didn't know that they had, or it's improving upon something that already exists. So if you look in your life, what's a problem that you want to help people solve? What's a problem that's around you that you might want to solve? Maybe, like I was saying a few minutes ago, maybe it's gut issues, maybe it's blood issues, maybe it's health issues. Maybe it's, you know, maybe it's solving the world's hunger issues. Maybe it's the fact that, you know, there's. There's getting. Housing is too expensive. What is a problem that you see in the world that you would love to try to solve? Start looking around your life, start looking around your day and start trying to solve problems. See if there's a way for you to step in and actually start to help people. Right? Super important. If you're trying to, you know, amass a certain amount of wealth or quote, unquote, success. Okay? So that's. The second thing is that they take problems from other people and they look to solve those problems. And the third thing is that they're usually trying to do something to help others. It might not sound true off of what we hear, because we always hear. I mean, how many times have you, growing up have you heard like, money's the root of all evil, or in order to be successful, you've got to screw people over or, you know, evil people are the ones that have money. Or, you know, the actions that you have to take can be demonized to make money. You know, all these actions that you have to take can be demonized, but are there Bad people that have money? Yeah, sure. Are there people that do bad things to get money? Sure. But most people are really, really good people. And so one of the things that I found, especially a lot of people that I've coached, is one of the things that holds people back from making money is their perception of people who have money based off of not anything that they've actually seen with empirical data, but a lot of times things that they've been told. And really their psychology of money that was put into them based off of their, you know, conditioning with their parents, they're conditioning growing up. So, you know, when you think about that, are there people who do bad things for money? Yeah, absolutely. Are the people that do good things for money? Absolutely. So money itself, there is no inherent good or bad in a piece of paper, right? But people can do actions for good and amass money, and there's people that can do actions for bad and amass money, but you can still choose that you want to be a good person and do good things and amass money amounts of wealth, right? So here's why something. Here's why doing something for others is important. Doing something for money, it gets old. Like, you eventually get to a point where it just gets old and you're like, well, I don't want to just. It doesn't really matter. I've already got X amount of dollars in my bank account. Why would I want to continue to work hard to get more money, Right? So doing something for just for money can motivate you for a little while, but eventually it gets old. Okay? Doing something for yourself can be fun at first. And to be able to buy a car, to be able to buy a house, to be able to buy some cool shit, to be able to travel, all of those, they're cool, but eventually they get old. So doing something for money gets old. Doing something for yourself eventually gets old. Doing something for others never gets old. And I don't know why this is, and I always say this, I don't understand it. I don't know why it's built into us, but it is built into the human system that doing something for other people makes you feel good. I don't know why it is, but you feel good when you do something for someone else. So if you're just doing something solely for the purpose of making money, it will get old and you'll eventually wear yourself out. If you're doing something just to be selfish and just do it for yourself, it will eventually get old. You'll eventually wear yourself Out. But if you're just going, hey, how can I help people? Out. How can I start a business or grow a business or work for a business that is wanting to help people, it never freaking gets old. And what that means is that you will be able to sustain energy when you're constantly working to try to help other people. You will get energy in your life when your life is tied to other people. That's why, you know, if I can think of two of the examples that I just gave you guys, my one friend who is over 50, and, you know he's worth over $150 million. His life goal was to be worth $100 million. And he hit that number in his 40s. And he was like, what the hell do I do now? And he started getting demotivated for a little while, and then he realized, like, hey, this making money thing was just already done. It's not that fun to me then. So his new life goal, be able to switch to, how can I donate $100 million before I die? And then he started working hard again, because then it became about other people. That's pretty cool, isn't it? You don't hear a whole lot of people talk about, oh, this successful person's giving back a lot. His goal in life is to be able to donate $100 million. My other set of friends who just sold their company most recently, which were the ones I was talking about, with emails and with supplements and all that stuff, part of their checkout whenever you. Well, two parts of it. Number one, with every single sale that came through, a portion of them would go towards the Make a Wish foundation for kids that are terminally ill, Right? And then when you were checking out and you were actually buying something from them, it would give you an option where, if you wanted to donate to the Make a Wish foundation as well. And so their company was based around giving back and charity and giving back and charity and giving back and charity. And they've been able to, out of all of the businesses in the world, be one of the top businesses that has actually been able to make. I think it's over 150 wishes for the Make A Wish foundation come true for these children. And so what happens is they were able to take a business that they have and take this money that they have and go, hey, I've already done enough for myself. I've already made enough money that got old. I've already done enough for myself that got old. How can I make sure that I take my business and tie it to something that is going to change somebody else's life. And that alone gave them more energy and wanting to work harder, knowing that their hard work would eventually change other people's lives. And so the third thing that I see a lot of very successful people do that's not really talked about is usually they're trying to do something to help others. And so those are the three things that I found among people. The three sets of people that I know that are, I guess you would say four out of the five most wealthy people that I know is number one, almost all of them that are extremely wealthy have something that they do that they're really interested in and that really lights them up. Number two, they have taken other people's problems and made it their own. They want to solve problems in the world. Number three, they've learned to actually take it and stop making it about themselves and start making it about helping other people. And through that they have become extremely wealthy and extremely, quote, unquote, successful in the eyes of a lot of people in this world, but also been able to make a big impact in the world as well. So that's what I got for you for today's episode. If you love this episode, please share it on your Instagram stories and tag me in it. Robdial Jr R O B D I A L J R We're one of the top 100 podcasts in the entire world out of millions. Way that we got there is because you guys share it. So I greatly, greatly appreciate it every single time that you share it because we don't have any massive corporation pushing this out to the world. It is just me sitting behind a microphone speaking to you guys. And so if you would share this on your Instagram stories and tag me in it once again. Robdial Jr R O B D I A L J R I would greatly, greatly appreciate it from the bottom of my heart. And with that, I'm gonna leave you the same way I leave you every single episode. Make it your mission to make someone else's day better. I appreciate you and I hope that you have an amazing day.
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