Think about that fact for a minute—there were more young adults in America on their own in 1890 than in 2016.

Pew Research Center/NPR

Living with parents is increasingly becoming more common each and every year. Some millennials will just blame The Great Recession of 2008-2009 for this situation, but the rise in the number of young adults living at home started long before the economic crash. Inflation-adjusted wages have been falling since 1970, and even those who have jobs are making less than they would have in their parents’ day. Fewer young people are married than in decades past because it takes money to support a family.

If you are stuck in your parent’s basement or know someone who is, the message today is simply this: Become a millionaire.

The biggest mistake make is they don’t even think becoming a millionaire is possible. They simply don’t think with it. The first thing you have to do is decide to become a millionaire or multi-millionaire preferably. Let’s face it, most people have money problems and it won’t be fixed until there is a clear decision to fix it.

Decide to get rich and then reinforce that decision over and over. Put a stake in the ground right now, “I am going to become very, very rich.” I will not judge you negatively for making this decision. Tell someone who has created wealth that you want to get rich, they won’t frown or judge you negatively, they will pat you on the back and say something like, “Great – you can do it and you should!”

Put a stake in the ground right now, I am going to become very, very rich.

Those who have created wealth understand creating financial freedom is a worthy adventure. Is it possible for anyone? Well, more than eighty percent of all millionaires today are self-made, what’s called first generational. That means they created their millions without inheriting the money.

Now before that little automatic voice in your head says for the millionth time, “I don’t need to be rich,” or, “I just want enough to be happy,” you should understand two points:

  1. Getting rich isn’t just about you
  2. Limiting yourself financially invalidates your abilities.

Most of us are convinced to simply settle for basic necessities; clothes, a house, transportation, time off, maybe an upper-management position, and some money in the bank. This is the middle-class mentality, but it is a compromise and it’s selfish. When you compromise your finances you become unable to help others, because you are struggling to simply take care of yourself.

The other part of this is the constant invalidation of you! You are capable of way more than you know, so why set “reasonable” financial goals? My entire life I have had this constant gnawing in me knowing I can do more, achieve more, create more, give more and help more. And I am most unhappy when I give up on that idea and most happy when I am pursuing it.

The middle class is a compromise
and it’s selfish.

You can earn $80,000 a year or $400,000 a year and still struggle depending on where you live and your responsibility level. Just because a person makes more money than a person born in some starving village in a third world country doesn’t mean they are much better off. The argument is, “You have a cell phone, internet access, running water, and electricity – be grateful.” That’s code for, “make sense of your situation.”

Not having enough money
doesn’t make sense.

A man once told me, “How do you make sense of insanity? You don’t!” And not having enough money is insane. The idea that one would only need enough to be “comfortable” or “adequately satisfied” or “have more than others” as a way to justify their condition is ridiculous. The middle class is billions of people convinced by politicians and media to turn their money over to those “smarter” than them, settle down in a nice house (reducing your ability to move for the next thirty years), and be a civil, law abiding, tax payer who is grateful for how much better off you have it than those who have less.

The first step to becoming a millionaire is to make a decision and that requires you lose your middle-class mind and the second step is to get your millionaire mindset. You literally must lose your small defensive, take no risk, thinking. Young adults who don’t make this decision will be stuck in their parent’s basements perpetually.

It has never been easier to get rich but impossible without changing your mind.

There is so much money in the world today and so many ways to create wealth, but it will never happen if you settle. Many disagree with me on this but I believe a millionaire is the new middle class. In fact, many millionaires will find themselves still struggling. If you want to get really rich you will need more like 10X or 20X or even 100X that number.

Use your 10X Planner and start affirming your multi-millionaire status every morning, every night and anytime you have a set back. My life changed when I made the decision to become so wealthy no one issue could set me back. I write my goals down EVERY day when I wake up and before I go to sleep.

Make the decision right now, “I am going to be very, very, very rich and help a lot of people in the process.” This content is directly out of my newest book, The Millionaire Booklet. Get the full Millionaire Booklet here and trust me to help get you there. You don’t need to trust yourself at this point simply put your trust in someone who has done it. When I first started studying wealthy people I put my trust in them because I could not yet trust myself.

Have a great Memorial Day,