My husband and I are going to become millionaires. Here's what we're doing.

Guys here’s my declaration: My husband and I want to be millionaires by the time I’m 40. That’s in 9 years. #powercouple

 

Fucking crazy right? Sure but maybe not. Millionaires are made all the time but here’s how we’re going to do it.

 

Step 1: Set our specific goal and rules

< Make 1 million dollars combined income by March 1st, 2026. >

 

Rules:

  • This is before taxes.
  • The million has to be made in a way that doesn’t restrict our freedom or take away from our family, and we also have to make the money either doing things we love, enjoy, or that we don’t mind. (for example: working 3 jobs outside our home is violating the rules)
  • We will also be having 2 children within this time AGGGHHHHHHH.
  • We will also purchase 2 homes..AGGHHHHHHH. 
  • 1 million is combined income, so not 1 million a piece but wouldn’t that be awesome?

 

Step 2: Getting real clear about money beliefs, money issues, and money blocks. (This one was mostly for me)

 

My husband has for most of his life always had a great relationship with money, he seriously never had a lot of issues like weird feelings or emotions around money.

His biggest stumble he had to get over was tracking his money. We talked about how he had a month when he made a good amount of money but had no idea how much or where it went.

 

He was the one who introduced me to entrepreneurship, his family is full of entrepreneurs, and he has been financially independent, making money in any ridiculous way he can. He’s got a history of making money from creating avatars on poker sites, selling guitar glue, or writing short freelance stories. He really believes that owning 2 houses will be cake for us and whenever he sets out a money goal he achieves it.

 

My story with money is a lot more complicated. I grew up with money being a huge source of tension within my family. I was raised by a single mother and we were poor. Food was always on the table, and we always had a roof but things were hard. When I was little, our first house was in a real shady area, with shootings and a murder happening a block away. The house I grew up in as a teenager was in a much better area but there was 4 of us in a 2 bedroom house with my mom sleeping the couch. Money for me was something that felt elusive, it felt like it wasn’t meant for me. For most of my teenage years, I really had no idea I was poor, I knew I always had to work for anything I wanted, and some things were harder. Research shows if you have friends that make more money than you, you feel like you’re on their level of income, even if you’re not. Having friends that were middle class made me totally forget that I wasn’t until I went away to college. That became obvious fast but I worked through it, made it through college working always working over 30 hours, sometimes working 2 jobs, just to pay my bills. But woof, money felt like a struggle, even when I got a 9-5, the student loan payments came in, and life felt hard. Money felt hard and I felt back into a trap of establishing bad money beliefs + habits.

 

 

Here’s some beliefs I had to break, some I didn’t know existed until I dug deep either:

  1. Money is hard to make

  2. Only men make a lot of money

  3. I was born poor I’ll always be poor

  4. I can’t have a lavish life because I had a really hard beginning

  5. Oh this person is only rich because their parents were rich or her husband is rich

  6. Money isn’t fair

  7. People who make a lot of money are assholes

  8. I don’t need a lot of money

  9. I don’t care about fancy cars

  10. If I make a lot of money my friends won’t like me

  11. If I make a lot of money I’ll feel guilty that my mom had to struggle

  12. If I make a lot of money then my husband might not like me

  13. If I make a lot of money I probably won’t be a good wife or mom

  14. Making a lot of money means I’m working all the time

  15. Making a lot of money means doing things I don’t want to do, like working all the time

 

This was a first step for me to establish a better relationship with money and uncover some real shitty subconscious beliefs I had that I didn’t even know existed. If I left those beliefs there, I might work hard all my life and spend it all, or sabotage having a savings account, there was a lot dark, ugly stuff under there.

Wondering what type of ugly money habits you might have that are keeping you from making more money or having more money? 

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Step 3: Where the fuck is our money going?

 

If you’re anything like us, you probably have a vague idea of where your money is going (bills to pay, things to pay for ,etc) but by the end of the month or week or paycheck, your money is gone. There’s never enough to go around and it feels like well I’m not making enough.

 

WRONG. Guys you’re so wrong, you actually have a lot more money than you think and if you give every single dollar a direction, you can save a shit ton of money.

 

1st) Register for You Need A Budget, this shit is changing our lives:

 

It seriously saved me $500 the first month I used it.

Read #2 for further explanation how it works.

 

2nd) Give every dollar you have coming in for the next month, a place to go, every single dollar. Include big expenses you need to save for.

Like for example, my hair is huge and my hair appointments are $250, seriously. I know. Every couple months when the appointment would come, it would just be okay on the credit card it goes and I’ll use my next paycheck or I’ll use a big chunk of my current paycheck to pay for it.

Now I set goals in my budget for that next hair appointment and put a little bit of money into the hair category every month.

 

If you’re familiar with the envelope method which Dave Ramsey is a huge fan of. This is really similar to it but with this one you can move money from other categories.

For example: this month I was going to an expensive brunch with a girl friend I took some money from my clothing budget.

 

The first time we set up our budget my husband was dumbfounded at how much we spent at the grocery store and eating out. Most people are shocked at how much they spend on food, we were included. He had budgeted money and we figured out that for the past 3 months we were spending about $1200 on ordering out, not even including groceries, we spent that much ON FOOD. We could have gone on vacation or put that towards our mortgage!?

 

Believe me, I’m totally embarrassed but all these little trips to the grocery store, Starbucks, ordering pizza, chinese, really added up.

 

We’ve been doing YNAB for about 2 months now and we have saved so much money, our food budget is now cut in half, I cook a lot of healthier meals at home and we’ve been putting a little savings aside for our vacation to Iceland, we almost have our savings goal hit ($20,000), and I will be paying for my next hair appointment in dolla dolla bills! I haven’t done that in YEARS.

 

We also use YNAB for our businesses!

Our YNAB for business is totally separate  from personal.

 

I also don’t know any millionaires that don’t know where their money is going, seriously even Oprah has said she knows where every dollar of her company is going and coming in.

 

Step 4: Tracking our income (EVERY PENNY)

 

I always thought I tracked my income like hello I have Quickbooks it tells me how much money I’ve made right? WRRONNNGGGGG.

I’ve been using Deneise Duffields Thomas free money tracker (Grab your free money track here.) to count everything I make even down to the 35 cent royalties I get from my kindle books.

Her money tracker is different because you’re not only tracking the money you make, you count the free value you get too.

Value can be a free dinner, a free drink somewhere, something you didn’t have to pay for but you just got, like a gift. It’s helping to show me like Shannon look at how much awesome shit you get every month?

It keeps me focused on the positive, in gratitude, and it’s also opening my eyes to how much money I am really making, especially because I have a lot of different sources of income (my husband too).

Before I would check my bank accounts and pull up a report but I also have other ways of making money like (Ebates, Kindle books, Birthdays (thanks Grandma!)).

My husband has a 9-5, a side consulting business, an Etsy business, a kindle book, and a passive product based business. So he has a couple different bank accounts and definitely a shit ton of ways he’s making money too.

Reminder: We track our expenses for our business on YNAB, we use Deneise’s sheet to just track income + value.

 

At the end of every month we’re going to start having financial dates where add up how much money we made every month. Maybeeee we’ll starting sharing those too?

That so far is going to be our 4 step system to become a millionaire. Now I’m sure we’ll be back to update this a couple more times, adding new things, or taking things away or identifying what’s important.

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