We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power

“I recognize that the fears in my head are just stories that I tell myself. They are a prison that I have created to keep me from experiencing the disappointment of failure. They aren’t true unless I continue to believe in them and then act on them and make them true.”

The first step toward becoming a millionaire is evaluating the stories that you constantly play in your head about money. Your thoughts control your actions. So if you want to change your actions, you first need to change your thoughts.

Looking back, you’ve most likely had many childhood experiences that led you to believe false assumptions about money. You can begin to transcend these false beliefs about money by examining them, figuring out their origins, and then replacing them with effective “million-dollar thoughts.” These are the thoughts that make you feel better about money and your relationship with it.

Once you change the stories you tell yourself about money, you will start to make smarter financial decisions and feel more confident doing it. You’ll also begin to feel better about money, allowing you to make decisions from a place of abundance and joy instead of fear and scarcity.

“Now it’s time to move away from what you’ve been taught about scrimping and saving and not buying lattes, and instead recognize your ability to earn a whole hell of a lot more.”

Throughout history, media have been portraying women as those bad with money. Our culture bombards us with messages that portray women as shopaholics who consume excessive amounts of lattes and make poor financial decisions.

While the laws now prohibit this widespread discrimination against women's economic lives, such discrimination still persists in our culture. In particular, this affects the wealth accumulation of women of color, queer women, fat women, and pregnant women. Because of this, it makes sense to say that the belief that women are “bad with money” is not your fault. As a woman, you have the power to reverse the narrative. Let go of the societal beliefs holding you back and forgive yourself for your past money mistakes. This is how you can stop underearning and start working your way up to becoming a millionaire.

“Making Million Dollar Decisions means choosing yourself, betting on yourself, and declaring that you are worth it.”

It is easier to generate wealth when making million-dollar decisions than broke-ass decisions (BAD). Million-dollar decisions give you more time and energy, free up mental space, reduce piddly nonsense, and allow you to focus on what matters most. They create options instead of eliminating them, giving you a feeling of strength, security, and freedom.

Broke-ass decisions, on the other hand, bring the opposite effect: they steal your time and energy, eat up your mental space, breed petty nonsense, and leave little room for great goals. Rather than creating options, broke-ass decisions make you feel weak, insecure, and trapped.

Women tend to make broke-ass decisions mainly because of three factors: the desire to be liked, the influence of broke-ass decision-makers in their lives, and their environment. To shift from being a broke-ass decision-maker to a million-dollar decision-maker, you need to evaluate your decisions carefully, build a huge bank account and be in an environment that helps you feel wealthy.

“Enforce your Million Dollar Boundaries, and you will find that you are more respected, more powerful, and more wealthy..”

Women do the biggest share of visible and invisible domestic labor, hindering their ability to accumulate wealth. This often leaves women exhausted, depleted, and with hardly any time left to think about themselves, let alone their financial standing. The workplace is no different. Here, women are frequently mistreated, resulting in inadequate pay and respect for their labor.

These widespread societal issues related to women’s labor often lead to exhaustion, depression, and feelings of inadequacy. To solve this, women must set clearly communicated boundaries to protect themselves from other people’s actions and mistreatments. This can be done by saying yes to what we want and no to what we don’t want. Once communicated, these boundaries must be enforced in order to serve their purpose.

Once enforced, this will give women the time, energy, and freedom to focus on caring for themselves and accumulating wealth.

“There is a fabulous, ambitious woman out there who is looking for someone like you to be a part of her squad. Get out there and find her because we are stronger together.”

The people you regularly spend time with can predict about 95% of your success or failure. This is why having a community of intentional, ambitious people on the same journey as you are important for success and wealth creation. To reach the next level of success, you must choose your squad wisely.

The journey of building wealth from scratch is similar to climbing Mount Everest: You will need the support of like-minded people who are interested in self-development and those who will help and cheer you up along your climbing journey.

Women should seek to create an inner circle of like-minded and supportive women who resonate despite disparities and with which one common goal is shared. You can do this by connecting more deeply with communities you are already a member of or even by creating your own community.

“The kinds of changes you will want to make to your daily habits depend on the woman you want to become, not what society says you should be doing.”

You have the power to visualize and manifest your dream life, regardless of how big it may be. Identifying the exact cost of your dream life can help you start realizing your million-dollar vision: How much do you think would your dream life cost per month? Is it $10,000, $35,000, a little less, or a lot more? Finding the exact monthly number is the first step.

When building your million-dollar vision, remember that you’re so much more capable of achieving big, mindful goals than boring, mediocre, attainable ones. So don’t shy away from goals just because they seem difficult to achieve.

Once you already have your million-dollar vision, picture yourself already achieving it. Feel the success and fulfillment that comes with it, even if you haven’t achieved it yet. This will motivate you more to keep pursuing the million-dollar vision you want for yourself.

Women must take steps to be the woman she wants to be now. This means taking care of yourself like how the most successful version of yourself would treat you. Start creating your future by tapping into your desires.

In becoming the woman of your dreams, remember that you don’t have to spend money just to start acting like a woman who earns millions of dollars. Instead, you simply need to shift your language so it leans more toward possibilities than defeats when it comes to your dreams and goals.

“This is what successful entrepreneurs do. You identify a specific problem in the world. You develop an excellent solution. Then you bring that solution to the marketplace and sell it.”

Women have so much to offer in this world, but most of them tend to undervalue themselves. They don’t realize how much they’ve accomplished in their lifetime and feel as if they don’t have any value to offer.

If you’re one of them, you’re probably suffering from imposter syndrome. It is time for you to recognize the value you possess within yourself and stop playing small about it.

Believe it or not, you already have everything it takes to make a million dollars. You just need to access it by asking yourself the million-dollar question: “What can I offer to the world that is exceptionally valuable?” You might already have the answer right in front of you.

Perhaps it's something you already do in your job, and you just need to tweak it a little. It could also be something you do for fun in your spare time that you could charge for, or it could be something that comes naturally to you, but you’re unaware of its value. Identifying what makes you valuable, believing it, owning it, and charging accordingly will change your life forever.

“Commit to one thing...give it a chance to blossom into a wealth-building empire. This is not the only way to earn millions, but it is the fastest way to earn your first million.”

Systemic racism and misogyny are the main reasons women suffer from imposter syndrome, leading them to undercharge for their work. As a woman, you have the right and power to raise your prices significantly. This requires recognizing your skills and experiences, communicating the value you provide, and courageously asking for what you want. Fortunately, there are many ways to start earning substantially more than your current income, regardless of your situation.

First, you have to determine the true value of your work by using value-based pricing instead of hourly or comparison pricing. Pricing based on value is a way to determine the price based on the value your boss or customer receives from your work. Rather than quantifying the labor itself, value-based pricing quantifies the results.

Second, you have to double your prices if you want your wages to be at a reasonable value. To do this, you must not allow your broke-ass thoughts to get in the way of increasing your prices. Instead, start believing in the value you provide and why it’s justifiable to raise your price.

But if you’re not convinced yet, here’s a matter of fact: several studies have shown that the world does better when women earn more money. So with more income, you can have a much greater impact on the world! The question is, how much more impact can you have once you start accumulating real wealth? The answer is yours.

“Commit to one thing...give it a chance to blossom into a wealth-building empire. This is not the only way to earn millions, but it is the fastest way to earn your first million.”

Earning more money can positively impact your life, but doing all the work alone is the ultimate time-eater. If you want to be happier and become a millionaire faster, you should spend money on buying your time back.

To do this, you need to hire a personal assistant to assist you with various tasks. Through this, you’ll be able to generate more income from your business as you begin to focus more on money-generating activities while your assistant does the rest.

Unfortunately, many women feel that they can't afford to hire help or that they don't have the right to do so. This is mainly because of the Protestant work ethic we have all been taught, in which we need to work harder and be frugal. However, we need to realize that hiring people has many benefits: it will allow us to serve others by creating jobs and being great bosses to them.

When hiring assistants, some women worry about exploiting them but building a million-dollar team isn’t designed to serve this purpose (unless you choose to exploit them). Instead, it’s intended to help you achieve wealth and freedom faster and more efficiently while also empowering others.

Once you learn how to delegate, have uncomfortable conversations with your employees, and manage, lead and inspire people, a million-dollar team becomes really valuable to you.

“Increase your mental capacity by making smart financial decisions in advance, create a system where those decisions are executed automatically and then let them ride you into a bountiful future.”

Having a scarcity mindset breeds more scarcity thinking. You don't trust yourself when scarcity thinking takes hold, and this lack of trust can lead to terrible financial decisions.

If you have a scarcity mindset, it may cause you to sign up for a credit card with a high-interest rate when buying a new mattress rather than paying the full amount with zero interest. It may also prevent you from setting up automatic retirement savings. Rather than setting up a financial system that allows you to create more abundance in your life, you fear you won't have enough if you start saving automatically. This is how scarcity creates more scarcity in your life.

Financial anxiety starts dissipating when you begin to believe you can make money and solve any financial problems that may arise. So start challenging your limited views on money and stop treating it like it's your last. Your earning potential is far greater than you think.

Creating financial systems that combat scarcity is one of the simplest ways to resolve financial problems. When you have a system designed for abundance, you’ll make more abundant financial decisions. This way, you don't have to rely on how you feel on any given day to make your money grow.

Setting up your million-dollar system includes tracking your net worth, credit score, and daily spending. As part of this process, you must also establish a business entity, create a business bank account, and have money dates every week.

“There’s plenty of money out there for you. Go claim it.”

If you want to acquire large sums of money in a short period of time, it would be great to take the “$10,000 in Ten Days” challenge. The most effective way to earn $10,000 in ten days is to sell an offer that provides a decent amount of capital upfront, does not commit you to work long-term, does not tax your time or soul, and is sexy and exciting for your potential clients.

Here are the steps to participate in this challenge:

1. Pick the amount you intend to earn in ten days;
2. Decide what your reward will be if you reach your goal;
3. Choose what you will sell;
4. Set a timeline for the ten days you will be participating in this challenge and;
5. Gather your cheering squad to keep you focused.

To make money, you don't need fancy bells and whistles. There are only four things you need: a clear offer, a way to inform people about the offer, a price, and a means of accepting payments.

Reaching the $10,000 milestone is a huge confidence booster. When you successfully hit the mark, you’ll never look at yourself the same way again. Your bank account will appreciate the padding, and even before you realize it, you’ll be on your way to reaching your first million.