How I Made $100M by Age 30

In a world where financial freedom seems like a distant dream for many, Natalie Dawson shares her journey to making $100 million by the age of 30. Through her personal experiences and practical advice, she outlines five essential money rules that can help anyone shift their mindset and build real wealth.

Key Takeaways

Embrace an abundance mindset.
Overcome the fear of spending.
Educate yourself about money.
Invest wisely instead of just saving.
Define your financial goals clearly.

Embracing The Abundance Mindset

The first step to wealth is realizing that there is an infinite amount of money available. It’s not about taking from others; it’s about understanding that wealth is abundant. Successful people don’t feel guilty about pursuing wealth. They see money as a tool to create value and make a bigger impact.

When Natalie was just 19, she spent her summers helping the homeless. But a mentor challenged her to think bigger. Instead of helping a few, she could help millions if she had the resources. This realization shifted her perspective on money. Wealth creation is tied to the value you provide.

Overcoming The Fear Of Spending

Next, it’s crucial to tackle your fears around spending. Many people have negative reactions when it comes to spending money. To change this, Natalie suggests creating a simple spreadsheet:

List what you want to buy or invest in.
Write down your initial reaction to spending that money.
Reframe those thoughts positively.

For example, if you want to invest in a course but fear your partner’s reaction, reframe it to focus on the benefits. Think, “My partner will be proud of the money I’ll earn from this investment.” This shift in thinking can help you feel more confident in your spending decisions.

Educating Yourself About Money

The third rule is to learn about money. Many people avoid this, but understanding how money works is essential for building wealth. Start with simple books and gradually move to more complex topics. Make it a habit to read at least one financial book a year.

Additionally, pay attention to financial news. When you hear terms you don’t understand, look them up. This will help you learn the language of money and fill in your knowledge gaps.

Investing, Not Saving

A common misconception is that saving money will make you rich. Natalie argues that investing is the key. Instead of cutting expenses and penny-pinching, focus on how to increase your income. Ask yourself daily, “How can I make more money today?”

Here’s a simple breakdown:

Cutting expenses doesn’t drive growth.
Creating products or services does.

Shift your mindset from saving to investing in opportunities that can generate more income. This is how you build wealth.

Defining Your Financial Goals

Finally, it’s important to know exactly how much money you want. Start by writing down your financial targets:

Net worth goals
Desired income
Budget for lifestyle expenses

Once you have these figures, compare them to your current financial situation. Understand the gap between where you are and where you want to be. This clarity will help you identify what you need to learn or change to reach your goals.

Conclusion: Make Your Dreams A Reality

Natalie emphasizes the importance of getting close to your goals. If you want something, like a luxury item or a new car, go experience it. Test drive that car or try on those shoes. The more real it feels, the more likely you are to take the necessary actions to achieve it.

By following these five money rules, you can shift your mindset from scarcity to abundance, overcome fears, educate yourself, invest wisely, and define clear financial goals. With determination and the right mindset, you too can create the wealth you desire.