What It’s ACTUALLY Like Being Young Millionaires

Ever wondered what it's ACTUALLY like being young millionaires?

My fiancée, Tatiana, and I were blessed to achieve massive success in our early 20s.

Inside this blog, we share with you our perspectives on what it's like to be young millionaires.

There are a lot of benefits that come with achieving financial freedom. Becoming wealthy allows you to build your dream life.

However, there are some disadvantages to accruing wealth that I want you to be aware of.

If you're ready to hear the untold truths of the millionaire lifestyle, keep reading…

Watch the video below:

(Click here to watch on YouTube)

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How do you think a millionaire lives his or her life?

For a lot of people, a millionaire's lifestyle looks like traveling the world first-class, driving fancy cars, or living in a luxurious home. These are the ‘sexy' parts of being a millionaire. Don't get me wrong… making millions is amazing.

It affords you a world of opportunities. However, there's another side of wealth that is rarely talked about. That is what Tatiana and I want to share with you. Let's dive into the advantages and disadvantages of being young millionaires!

Advantages

1. Less Pressure To Make Money

At the beginning of every entrepreneur's journey, the focus is on hustling to make money. If you want to build a successful business, making money has to be important to you. If you want to create financial freedom, you have to be committed to building wealth.

However, once you've put in the hard work and are able to reap the rewards of success, you will feel less pressure to make money. Today, Tatiana and I are no longer preoccupied with the worry of making money. We have done the hard work to set ourselves up for financial freedom for the rest of our lives.

Now we can redirect our energy and focus on other areas of our lives that are equally, if not more, important than money. Some of these things include personal growth. relationships, health, and philanthropy.

By accelerating other aspects of our lives, our brain has been able to operate at a different level. We have more free time to grow and develop as people which, in turn, helps us continue to build a life of fulfillment. Once Tatiana and I became millionaires nothing about our lives really changed.

We didn't start living a millionaire lifestyle. It just meant that our bank accounts looked different. For us, being called a millionaire is just a label. It's important to remember that financial freedom is not just about finances. It’s about creating joy, happiness, and the ability to live an extraordinary life on your terms.

2. Freedom To Buy Whatever You Want

When Tatiana and I go out we don't have to think twice about how much something costs, unless it's a high-ticket item. As a result, we can experience the best of what life has to offer. Having these opportunities has enhanced our quality of life in so many ways. Money affords you the ability to get the maximum experience of life.

Let me be clear… money doesn't buy happiness. However, it does allow you to buy things, have unbelievable life experiences, and create lasting memories. Having a lot of money should never be the end goal. Instead, think of money as an enabler that can allow you to live almost any life you choose.

3. Contributing To Those Less Fortunate

Giving back to others has always been a core part of my mission in life. One of the greatest rewards of becoming millionaires has been our ability to contribute to the lives of others. To date, Tatiana and I have been involved in philanthropy projects around the world, specifically in Ethiopia, Kenya, India, and Ecuador.

Alongside the We.org team, which is an international development charity and youth empowerment movement, we have helped build schools and homes for families in developing countries. There is no greater feeling than knowing that the money we donate to a charity is going to help better the lives of those less fortunate than ourselves.

In the words of Andrew Carnegie, “I spent the first half of my life making money and the second half of my life giving it away to do the most good and the least harm.” When you're first making a lot of money, it's okay to reward yourself for your hard work. However, the excitement that comes with the pursuit of materialistic possessions wears off fairly quickly.

You receive so much more meaning in life from the act of contribution. We have been blessed with the gift of privilege which is why we believe that it is our responsibility to contribute and give back. As Tatiana and I get older, I know that philanthropy will become an even bigger part of our lives than it is now.

Disadvantages

1. Your Problems Don't Magically Go Away

A lot of people think that once they become a millionaire all of their problems are going to magically disappear. Sure, having more money will help your bank account, However, it won't fix your relationships, your weight, or your overall mental health. Nothing in your life will change unless you are willing to take responsibility and change too.

When you start making a lot of money, you have to be careful that you don't become greedy. The best advice I can give anyone who aspires to become a millionaire is to be mindful that you don't become too emotionally attached to money. Money isn't the end all be all.

I know a lot of millionaire entrepreneurs who are obsessed with making money. No amount of money is ever enough for them. As a result, they end up giving less attention to other areas of their lives, like their relationship, their kids, or their health. In my opinion, this is a very dangerous way to live your life.

They have their foot on the gas to pursue more money, at the expense of everything else. In the words of Wayne Dyer, “More is the mantra of the ego.” It's important to remain humble along your entrepreneurial journey. Once you reach financial freedom, you soon realize that money is just a means to an end. That truth will set you free.

2. It Becomes Challenging To Create Authentic Friendships

When people know that you are a millionaire, an energy shift takes place. They treat you differently. When we meet people for the first time, we rarely ever go out of our way to talk about what we do for work. Yes, sometimes this means that we have to withhold information about who we are, but it protects our emotional energy and peace.

We don't want people to be friends with us solely because they want our success secrets. We love to share our journeys of success. Both of us are very transparent on our YouTube channels because we want to help people succeed. However, when it starts to feel like people are taking advantage of us, it no longer feels good.

At the end of the day, we want people to like us for who we are and not treat us differently because of how much money we make. This is why both of us enjoy hanging out with our friends whom we've known for years. They don't treat us differently or look at us as millionaires. To them, we are just Stefan and Tatiana. Those are the types of people you want in your close circle.

3. One Million Dollars May Not Feel Like Enough To Sustain A High Quality of Life

Once Tatiana and I made one million dollars, naturally, we had the desire to have nicer things. However, having nicer things usually costs a lot of money. As an example, if you want to buy a big home in an expensive city, like Vancouver or Los Angeles, you're going to need way more than one million dollars to purchase it.

The same thing goes with wanting to purchase luxury cars or any other high-ticket items. Of course, everyone has different values, depending on the vision that they have for their life. If you are someone who wants the ultimate millionaire lifestyle experience, you have to set your expectations very high and follow through. You have to be consistently making one million dollars (if not more) every single year.

The best way to become super-rich is to invest your money in the stock market. If you make these moves at an early age, it is much easier to become a millionaire or a multi-millionaire in your early 30s. That being said, don't forget that it is never too late to get started investing.

This is what it's ACTUALLY like being young millionaires.

In today's digital age, there are so many opportunities to create financial freedom. If you have the desire to build an Amazon business, I encourage you to follow Tatiana's YouTube channel and Instagram page where she shares her best tips and strategies for success with eCommerce.

Money can improve every aspect of your life. However, in the end, it's not how much money you can make that counts. Rather, it's who you become along the way. Create a vision for the life that you want and then do the work to build your dream lifestyle. Anything is possible but only if you believe that it is.