Conventional wisdom has long held that to become a millionaire, one must obsess over making money and prioritize wealth accumulation above all else. However, Kolby Goodman, a hiring expert and entrepreneur at BestFirstNow, is challenging this narrative with a counterintuitive approach. By focusing on the lifestyle he desires first, Goodman believes that financial success will naturally follow.
Rethinking Wealth and Lifestyle
“Historically, I believe that rich people are able to have extravagant lifestyles,” Goodman explains. “They can make their own schedules, decide whom they want to spend their time with, prioritize their mental and physical health, and have enough money in the bank.”
However, upon venturing into business ownership, Goodman discovered that these prized lifestyle goals often associated with significant wealth don’t necessarily require heaps of cash.
Freedom Over Finances
“I get to choose who I take on as clients, and if I later learn they are not right for my business or my sanity, I can stop doing business with them,” Goodman shares. “I have the time to wake up, meditate, journal, go on a walk, and play with my 3-year-old without the pressure of needing to clock in somewhere.”
Living Light to Live Free
A key component of Goodman’s strategy is his conscious decision to avoid overspending and live modestly. “I’ve made financial choices like a modest home, used cars, eating out less where I don’t need a ton of money to cover all of my monetary needs (and wants for that matter),” he explains. By keeping expenses low, Goodman has created breathing room in his finances and schedule, allowing him to live like a millionaire from day one, without having seven figures in the bank.
The Millionaire Mindset Shift
Goodman’s approach is grounded in the understanding that money itself isn’t the end goal, but a means to live life more freely on his own terms. By optimizing for schedule flexibility, low expenses, and freedom over finances first, the conventional millionaire’s lifestyle can paradoxically be achieved much sooner.
“Owning my own business means I can make my own schedule, say no to work early in the mornings, late at night, or on the weekends,” Goodman notes. Only needing a laptop and internet connection allows him to be based anywhere.
Investing in Sustainable Growth
With basic needs met by living lightly, Goodman can now invest his time into further growing his wealth at a sustainable pace through his business, free from the obsessive need to be a millionaire first. It’s a fresh mindset shift that shows you don’t necessarily need to be rich to start living like the “millionaire” you hope to become. By first creating the ideal lifestyle you crave, you may find the millions following.
Conclusion
Kolby Goodman’s revolutionary approach is a beacon for aspiring millionaires. By focusing on the quality of life and making intentional, modest financial choices, one can achieve the freedom and flexibility often associated with immense wealth. Goodman’s story is a testament to the power of living lightly, prioritizing well-being, and redefining success on one’s own terms.
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