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  • Writer's pictureKel Galavan

Stop Dreaming, Start Planning: How to Become a Self-Made Millionaire

Quit funding other peoples lottery dreams.

A woman crossing her fingers and making a wish
Photo by Dayne Topkin on Unsplash

Do you ever dream of winning the lottery? That magical moment when your life changes with a million euros in your bank account, promising security and a worry-free future.

But here's the reality: you will most likely never be that winner. You could probably spend all your income and the next 40 years funding the person who does win it.

'It could be you'… but most likely not.

I almost didn't mean to rain on your parade, but I sort of did mean to splash some water to return us to reality. The good news is, I've just saved you a ton of money. (you can thank me later!)

Here's the exciting part: you don't need a stroke of luck to amass wealth. In your lifetime, you're likely to have all the resources to become a millionaire, and perhaps even a multi-millionaire, without altering your current lifestyle.

Most people will never see the potential, and because of this, most people will never take the opportunity to make this happen. The potential to build wealth is within you - it just takes a different perspective and some badass planning.

The difference between most people and the average lottery winner is a simple timeframe factor.

Own Your Millionaire Mindset

We often think of millionaires as those who inherit wealth, win the lottery, or strike it big in business. But let's shift the lens. If you work for 40 years and earn €50,000 per year (with a modest 3% annual pay rise), you could earn over €3,837,234 in your lifetime. Yes, you read that right. Your cumulative earnings over a 40-year career could make you a millionaire. A millionaire several times over, you get more than one go at hitting and crushing the seven-figure dream.

Now, if that's the case, if it is easier to become a self-made millionaire doing an average job and living an average life than winning the lottery, the question remains: Why aren't we all millionaires? Why do we find ourselves just getting by, struggling to make ends meet, living paycheck to paycheck?

The answer lies in how we are taught to think and how we manage our money as a result.

The Reality of Living Paycheck to Paycheck

I have a friend. He earns a solid six figures every year. Over the last ten years, he has earned close to €1.5 million. Yet, he lives month to month, constantly revolving 2 to 3 personal loans and lives in a modest house in dire need of a bit of TLC.

Despite solid lifetime earnings, he has fallen into the trap of spending more than he earns. He lives for today, taps without thinking, and never tracks his spending. His thinking comes from a place of scarcity, and no matter how much he earns, he never feels that there is enough. He is ultimately focusing on immediate gratification rather than long-term security.

He also plays the lottery every week, hoping this week will be his big break. The dream of a sudden windfall distracts him from the real potential of the regular monthly windfall, which he carelessly calls his paycheck.

He sees these two types of money as entirely different unrelated things when they are ultimately the same. The only difference is the time frame and the size it comes in.

I'm not sure if he will ever pause from his internal misery long enough to see the bigger picture, but you, my dear reader, can…and I have faith in you that you will.

What if, instead of dreaming of "what if" lottery wins, we asked ourselves, "What if I take control of my money and make my own lottery win?" This narrative flip from an external to an internal locus of control can change everything.

Taking Control: How to Build Your Wealth

To become a self-made millionaire, you don't need a high salary or a fancy job title. You need a solid plan and the discipline to stick to it.

Here's how you can start:

Create Laser-Sharp Goals

Define what wealth means to you. Is it owning a home, retiring early, or traveling the world? Set achievable goals that align with your vision of a fulfilling life.

Cashflow like Crazy

Know where your money goes. Track your income and expenses, and create a budget that reflects your priorities. This is the first step to taking control of your finances.

Save and Invest

Start building your wealth by saving a portion of your income. Open a high-interest savings account and contribute regularly. Consider investing in the stock market or other assets to grow your money over time.

Compound Interest Baby

Compound interest is your best friend when it comes to building wealth. The earlier you start saving and investing, your money will grow exponentially. This is how you turn small contributions into significant wealth.

Enrol in Money School

Knowledge is power. Educate yourself about personal finance, investing, and money management. The more you know, the better equipped you'll be to make informed decisions. If help around spending is what you need, check out the No Spend Revolution.

Find a Coach

Sometimes, you need guidance to stay on track. Find a money coach or advisor who can help you navigate the complexities of building wealth and keep you accountable for your goals.

Final Thoughts

Becoming a millionaire isn't about luck - it's about strategy and discipline. You have the power to create your own wealth, and it starts with changing your mindset. Ditch the dreams of lottery wins and embrace the power of your lifetime earnings.

If you're ready to take control of your financial future, I'm here to help. Let's work together to create a plan that puts you on the path to financial freedom. When you unlock your true potential, the possibilities are endless. Reach out when you're ready - I can't wait to see what you achieve.


If you're ready to level up your money game make sure to grab my FREE eBook from out of control to cruise control, 20 simple things to transform your money life here.


If you want to find the money you never knew you had and save thousands this year and every year check out The No Spend Revolution.


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