Thursday, February 16, 2023

7 Things I Learned From an Unintentional Millionaire

When I first met Stephanie Frank, author of The Accidental Millionaire, I had no idea how much her friendship would impact my life. She has the rare ability to take concepts that most people never understand and turn them into a process or blueprint that makes business almost like a paint-by-numbers game. She left me with seven pearls that will undoubtedly help me in business and in life. These pearls include thinking like a millionaire, ensuring that your goals are consistent with your top three life values, and being clear about your personal values and aligning your business with them. She also shares her story of being a businesswoman by day and an abused wife by night, and how her husband pushed her house down cement stairs and onto the driveway pavement. 

Stephanie, a millionaire, explains how she keeps moving forward by doing something very simple: writing ONE thing she would do that day on a sticky note before going to bed. This lesson should become a mantra for any new entrepreneur, as it encourages them to make a personal commitment to themselves and be open to the wonders of intention and synchronicity working in their favor. She also encourages them to be prepared for it to happen and to plan for the future of their business. Stephanie Frank's Accidental Millionaire is a motivational book that encourages people to focus on their strengths and collaborate with others to achieve success. She believes in the concept of collaboration nation, which involves strategic alliances, team members, and one of the most important players.

This person can arrange travel, appointments, bookkeeping, taxes, update websites, write or edit presentations, and almost any other task. This book is an action plan for starting a business on a shoestring budget.

When I first met Stephanie Frank, author of The Accidental Millionaire, I had no idea how much our budding friendship would impact my life. It wasn't because she was a best-selling author, a well-known international speaker, and a coach. Actually, it was much, much simpler than that.

Stephanie has the rare ability to take concepts that most people never understand and turn them into a process or blueprint that makes business almost like a paint-by-numbers game. After a delightful interview, she left me with some pearls that will undoubtedly help you in business and in life.

Here are seven things I've learned from her:

1. Think like a millionaire. Most people become preoccupied with the "how" of doing something. When they don't have the answers, they begin second guessing and sabotaging themselves. Millionaire thinkers do not operate in this manner. They seek solutions after making a decision. They develop a vision and a strategy.

2. Ensure that your goals are consistent with your top three life values. This one is fantastic. How many times have you been presented with an opportunity and all the person could tell you was how much money you'd make? Don't get me wrong: I am an ethical capitalist, but not all money is good money.

Some people, for example, may not be successful in the real estate foreclosure market because they believe they are taking advantage of people in difficult times. However, another person in that situation may see themselves as an advisor to someone who would otherwise lose their home and receive nothing in return. As you can see, the situation is the same, but each person has a different value system.

This is not about right or wrong. You simply want to be clear about your personal values and ensure that your business is aligned with them.

3. You could be one idea away from success even if you're down to your last twenty dollars. Stephanie Frank candidly shares her story of being a businesswoman by day and an abused wife by night. In a fit of rage, her husband pushed her house down cement stairs and onto the driveway pavement. While she was shaking and terrified, she realized she had a choice to make.

Have you ever been at a fork in the road and had to make a decision? I'm sure I have. My job was killing me, and I knew it. I had reached my breaking point after working on a job that was making me sick. My doctor told me if you keep this up you are going to end up in the hospital or dead. I knew they, too, had a decision to make and needed to devise a backup plan.

4. Make a personal commitment to yourself. Many times, people are afraid of success as well as failure. As a result, they are paralyzed by fear and fail to realize their full potential. Stephanie explains how she keeps moving forward by doing something very simple. She would write ONE thing she would do that day on a sticky note before going to bed. It could be a large task on some days and a small action on others, but it was always moving her forward.

Is there something you've wanted to do but are afraid to take a risk? What if you took a small step toward that goal today?

Pick up a pack of sticky notes and take one small step the next time you're afraid. It can work for you if it worked for this millionaire.

5. Be prepared for it to happen. In life, it is said that you get what you expect. When you expect to succeed, the universe opens up and brings you the answers. Now the trick is you don't want to be attached to the process. Commit to the outcome and be open to the wonders of intention and synchronicity working in your favor. Instead of trying to control the journey, embrace it.

6. Plan for the future of your business. This lesson should become a mantra for any new entrepreneur. So many people begin by focusing solely on how they will generate income. Don't get me wrong: this is also important. Would you consider yourself successful if you become a millionaire with no time, poor health, and no friends or family to share it with? Only you have the answer.

However, knowing where you want to end up is preferable so that you can design the map to get there. You should think about your lifestyle first and then design your business around it.

So consider the following: 

a. How many hours per day would you like to work?

b. Are you available to work on weekends?

c. How much net profit do you hope to make per year?

d. How many weeks or months will you take off each year?

e. Will you work while on vacation?

The more clearly you define future success in your business, the easier it is to ask the right questions to help you get there.

7. Work together to achieve success. For many people who have grown tired of corporate America's politics, backbiting, and brown nosing, the prospect of being able to build our own empire is appealing. While this appears and feels good on the surface, the truth is that you can only accomplish so much on your own.

Stephanie believes in the concept of collaboration nation. The virtual company is a new paradigm in the way we do business.

Strategic alliances, team members, and one of the most important players are all part of the concept. This person can arrange travel, appointments, bookkeeping, taxes, update websites, write or edit presentations, and almost any other task you can think of.

What is the lesson here? Focus on your strengths and collaborate with others to help you achieve your goal.

What does your company require to advance to the next level? Who could you team up with to make it happen?

Stephanie Frank inspires hundreds of thousands of people across the country. Her book is not only motivational, but also an action plan for starting a business on a shoestring budget. You should learn from this Accidental Millionaire if you want to improve your bottom line and your life.

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