How do Billionaires use Their Time to be so Successful?
A morning routine for me makes a huge difference to my day. When I don’t stick to my routines (which are doable no matter where I am), my mental health suffers.
Recently, I came across the Billionaire Morning Routine. Often, they come across to me as something only men who have a wife at home doing it all can do. Or someone already wealthy enough to afford a nanny/housekeeper to assist in getting kids ready in the morning.
My Situation: Pregnant, 4 kids, Business, Study, Everything…
As a mother of 4, who is also 6 months pregnant, these routines look ambitious. With teens, a 7-year-old stepdaughter who does not live with us, a 9-month-old AND Mr Aspiring Millionaire in another state, barely contactable for 4 months, I have a lot on my plate already.
I also manage all our finances, a couple of businesses, am studying, can’t get my son into childcare yet (on the waitlist) and everything else e.g. visa application, all life paperwork that needs to be done etc.
Having been a single mother of 2 previously, life feels like that again. Mr Aspiring Millionaire is not financially providing, I am. He is also unavailable for emotional support or anything else right now. We barely get to say good morning or good night. So, it is extremely similar to my previous single mother life, only with extra people I have to provide for and extra work to do.
What is the Billionaire Morning Routine?
The Billionaire Morning Routine includes:
Recall your dreams
Make your bed
Drink a large glass of water
Meditate for 20 minutes
1 to 2 mins exercise/movement
A cold shower
Your usual get ready routine
Write your to feel list
Write your to be list
Read for 20 to 30 minutes
Drink a brain food smoothie
Seem like a lot? Some mornings it certainly felt that way. But at the same time, most of these were habits I already tried to implement in my life, not in this order though.
Most morning routines I see consist of people getting up at 4 or 5 am. I’ve never been a morning person per se but I am trying. Since the sun is up around 5 am now, I am waking naturally to it.
Some mornings, my son wakes too. As cute as he is, I do wish he slept those mornings until 6 am to give me an hour.
The key to getting up early is going to bed early too. Switch off screens an hour or two before you plan to go to bed. Have a wind-down routine so when you get to bed, you sleep easily. This is where I fall apart. My night routine is a mess but I am working on it.
Recall Your Dreams
Usually, I have the most vivid, wild dreams friends and family have ever heard. When I was younger I kept a journal to write in when I woke. I haven’t done this for years but now have one sitting on my bedside table.
The reason behind recalling your dreams is because our dreams are our subconscious processing things. Sometimes they can have meaning and help you work things out.
Make Your Bed
Making your bed first thing means you have already achieved something for the day. Another perk is every time you walk into your room it looks tidier and you are less likely to want to crawl back into it.
Ask my parents, this is something I have been hopeless with my whole life. Mr Aspiring Millionaire often didn’t have a bed so rarely made it either. Since my son sleeps in the cot next to the bed, I don’t want to make it and accidentally wake him.
Some mornings when he woke up with me, I did it before heading downstairs. Other mornings, if he was not awake, I did it later when he got up.
Drink a Large Glass of Water
Our bodies are mostly water. Overnight, we sweat and get dehydrated so need to refuel. Drinking a large glass of water is extremely beneficial for overall health and is super quick.
Being pregnant, I am encouraged to drink a glass for myself and a glass for my baby. My preference is to keep 2 glass bottles of water in the fridge (they are 800ml each) plus one with a herbal tea bag, totalling 2.4L I will drink throughout the day, sometimes more.
Plus, I have a separate glass for taking my vitamins. If I am active, I drink more as well.
Gut health is directly linked to overall health. Years ago, I was paralysed on and off for 7 months with level 10 pain. Meaning pain so intense I would blackout. It happened again in early 2017. I know it is connected to stress and gut health.
Vitamins and probiotics help with this. Foods such as kimchi, sauerkraut and other fermented foods have probiotics which I eat regularly. Taking pills and drinking kombucha also helps increase the probiotics I consume.
For other vitamins, I take Elevit for the pregnancy, along with iron and magnesium because my pregnancies drain that from me. Evening primrose oil and fish oil are two more I take which when I do it properly are great for my hormones and overall mental health.
Talk to your doctor or see a nutritionist or naturopath or other professional for advice before launching into a bunch of vitamins. Get a full blood test done to see what you actually need.
Meditate for 20 Minutes
Meditation clears your mind, helps you focus and often provides unexpected answers. Every single successful person I know practices it. It also helps you stay calmer which makes decision making easier.
This was possibly the hardest part for me to implement. I kept worrying my son would wake up or when he was awake, I couldn’t do it. Meditation is easier for me to do during one of his naps or before I fall asleep.
Personally, when I couldn’t do it, I found as long as I managed at least 5 minutes or did some yoga or EFT, I still saw the benefits.
1 to 2 mins exercise/movement
Get moving. Whether it’s squats and push-ups, a quick yoga stretch or star jumps, do something. Since I live in a 2 storey home, I am going up and down my stairs a few times. I also aim to do squats before my shower every day.
A Cold Shower
So many people struggle with this part. When we were in Vanuatu, we had no hot water. The same for the Solomon Islands. Coldwater doesn’t bother us too much although since being in Australia again, I refused cold showers.
Cold showers wake you up! I found it better than anything to wake me up and get me focused first thing in the morning.
My first morning I did not plan well since I needed to wash my hair, shave my legs etc. Which meant I would switch the cold on, get wet, turn it off, do what I needed, turn it back on and repeat that process.
Whereas when I have hot showers, I let the water keep running as I do it. So this saves money on water as well as helps me wake up and focus.
Your Usual get Ready Routine
Hair, makeup, get dressed, brush teeth, whatever you do to get ready of a morning, do it after your shower.
If I’ve washed my hair, I like to allow it to almost fully dry before finishing it with a dryer and brush to straighten it. So usually, I do half this routine, finish whatever else I am doing then dry my hair quickly before my teenagers go to school.
The process of making tea, if done with loose tea leaves is therapeutic for some people. Since I drink cold herbal tea, I tend to prep that bottle and pop it in the fridge for this step.
Journal your thoughts out, plan your day and focus on what you want in life. Goals don’t happen unless they are written down and acted upon. By writing them down, you are setting your mind to work to make them happen and confirming to yourself daily, this is what you will do.
With the Billionaire Routine, I began journaling morning and night. Nighttime journaling was reflective where as in the morning I was writing about what I will do and the life I want.
Write Your “To Feel” List
How do you want to feel? Happy, confident, productive, calm? Write it down.
Write Your “To Be” List
Along with how you feel and your other journal writing, what do you want to be?
Read for 20 to 30 Minutes
We learn so much when we read. Choose any book and read for at least 20 to 30 minutes. I always have a book with me and read it often. My aim is to read a book a week, always.
Drink a brain food smoothie
Brain food smoothies have berries, non-dairy milk e.g. coconut or almond and other beneficial ingredients such as avocado and spinach.
In mine, I add a scoop of collagen, a teaspoon of cinnamon and sometimes chia seeds too. If adding chia seeds, drink it quickly as they expand.
How Did I Go With the Billionaire Morning Routine?
With mixed results, I persisted for a while. It was not too different to my regular morning routine (when I got to do that) but I wouldn’t do it forever. I truly believe while it was beneficial, creating your own morning routine is more important.
I threw up in the middle of yoga so that was less than ideal. With virtually no morning sickness during my pregnancy, this was unusual for me and I suspect it was simply not enough food, too much water and my vitamins making a bad stomach combination.
Because of that, I cut yoga short and got in the shower. That’s when I realised, I need to wash my hair, shave my legs and usually, I do a full body scrub on that day of the week. So I did it all, despite the cold.
That morning I managed to complete the routine, cold shower and all before my son woke up.
I felt great all day and could see why people do it.
My son decided to wake up at 5 am which meant it took almost 2 hours to complete the routine, combined with taking care of him. I juggled doing the bits I could while feeding, changing and taking care of him.
This morning made me feel only those with a nanny or extra help can truly do this sort of routine. I felt a little defeated but the rest of the day went fairly well.
I was exhausted. Again, my son woke at 5 am and my teens at 6 am. This morning was a mess as so much was going on and my son did not go down for a nap until 10 am. He was clingy, grizzly and when he finally dropped, so did I. I finished the routine at lunch.
A hot mess is how I would describe it today. I was emotional, exhausted and barely got through the day, let alone being able to do the morning routine. I tried but it was a miserable failure today and I felt it by the end of the day.
Part of this would be the fact we returned from a trip only a few days ago and are still trying to settle back into a routine. This means, our sleep is all over the place. My stress levels go through the roof when I don’t get enough sleep, motivation falls off the face of the planet, I eat bad and it’s a vicious cycle because the next day is always worse.
I did not even bother trying the routine this morning. I knew where I was at mentally and since it was my son who woke me, I just tried to get on with things as best I could.
I think this is the reality many mothers face when trying to juggle everything. Some days it simply becomes too much.
On the upside, while I didn’t get the morning routine done, I did finally get a block of time to work and sorted out a lot of other things. Including an evening routine, I know used to work for me.
Again my son was up early making it harder this morning. However, I did what I could then headed out for 4 hours to work without the kids.
This morning, while journaling, I had an epiphany of sorts. It certainly lightened my load and made me see a clear path to obtaining what I want.
Another day where it felt impossible. I gave up trying to get it done in the morning specifically and juggled a lot. The morning routine is not ideal for me but I do find incorporating as much of it as I can into my day is beneficial.
What Will I Keep Doing?
It was an interesting experiment. Overall, I can see the benefits of all of it and when I do have a solid morning routine, I am definitely calmer, happier and a better person. Problems are easier to solve, I feel healthy, I eat better and take care of myself.
However, this morning routine isn’t the one that made me feel or behave at my best. It is similar to my original morning routine and I will definitely adapt my routine having done that.
My Morning Routine
Wake with the sun. Since I don’t work outside the home and I am doing a better evening routine as well, I am asleep earlier in the evening and naturally arising around 5 am.
Recall my dreams in my dream journal which I keep next to my bed now.
Make my bed when my son wakes up. Glance around the room and do a quick tidy of anything if necessary too e.g. take washing downstairs.
Drinking a large glass of water will always be part of my morning routine. I don’t drink coffee so this is my wake up.
Breakfast of either a smoothie or a smoothie bowl or similar. Once I have had this, then I take my vitamins and probiotics. I can’t do it the other way around.
EFT every morning. Even if it’s only a 5 minute one, I will do EFT for whatever I feel inspired to in the morning.
Yoga which I use as part of my meditation. During my yoga I can often visualise the life I want, clear my head and heal from past hurts.
A cold shower I discovered wakes me up so I will continue with this. I live in Noosa, Queensland which is a warm climate. If I lived in a cold climate I don’t know if I could do it.
My usual get ready routine which includes a full dry body brush and 10 squats before my shower. Twice a week a full coffee body scrub. Every day I file my feet and massage moisturiser into my whole body.
Each morning and evening I do a skincare routine, brush my teeth and do my hair and makeup. At some point in the morning, I open all the curtains, windows and doors to allow fresh air and sunlight in. Then I turn on the diffuser to give my house the scent I love.
Journaling every morning including my to feel and to be list. Along with drawing a self-care card for the day to focus on. Adding at least 3 things I am grateful for and 3 things I want to forgive.
Reading I do throughout the day and before I go to bed so I might not continue that in the morning for more than 1 page or 5 minutes.
What does your morning routine look like? Have you tried the Billionaire Morning Routine?
With luxury lifestyles pushed in our faces all the time, it is easy to assume the super wealthy have an incredible lifestyle and to crave it. Often, we blow a lot of money keeping up with others or producing and Insta perfect lifestyle.
We all know these lifestyles are mostly unrealistic but it doesn’t stop us striving for it or thinking it is what we want. So if a champagne lifestyle is what you want but feels out of your budget, here are some tips.
Disclosure: this post contains affiliate links to books we love.
Decide What You Really Want
What about that lifestyle do you want? Is it the clothes, the shoes, the bags, the cars, the travel, owning a boat or the freedom to spend on whatever you want whenever you want?
Often, when we look a bit deeper, the things we really want aren’t what everyone else has. But if you do really want those specific things, there are ways to make it happen. It’s easier if you are super clear on what you want though.
In the Aspiring Millionaire home, we want freedom. The freedom to travel when we want, go everywhere, own a boat and sail around the world, dive, hike and experience life. We want to spend this time with our family, create great memories and do the things we want.
Secondary to that, is a specific home we want and a few cars. Mostly, it is a fun lifestyle we want and live.
It’s not bad to want these things. All you need to do is create a plan to make it happen and go for it. We Should All Be Millionaires shows you how and why.
Look for Ways to get it for Free
Now you know what you want, how can you get it for free? Competitions are one way, provided you check they are legit. Lots of people have tried becoming influencers to get free stuff, without realising the work they’d need to do and how to be a good influencers.
Check for loyalty programs which might offer the products as a reward or enable you to get things for free. This applies especially to travel. With numerous credit cards offering travel points and other ways to travel hack, you can travel for free.
Since travel is a priority for us, I went into tourism marketing so we got paid to travel. Mr Aspiring Millionaire does photography so we can create packages for clients. We both dive, have kids and can provide unique perspectives because of our backgrounds.
Going out with our family and experiences are important so we have looked for free fun such as hiking and the beach, festivals and events that are in our area and make time for these.
How can you Make Money from it?
Whether you get it for free or not, why not think about how you can make money from it? Being an influencer is one way but not the only way. Freelance writing where you pitch articles to magazines and websites about it is one option.
I’ve travelled various parts of Asia, Europe and the South Pacific as a travel writer. Trips were all paid for and I made money from articles I wrote. Plus on most trips, I secured other clients and ongoing work which enabled me to make even more.
Another option is to rent out your place and car while you travel. Or even if you want to live in a specific area, can you do it in a group home or by renting out a room? With a specific type of car, you might be able to rent it out either through share programs or if it is top end to photographers and media for use in their images or video.
Learn Delayed Gratification
Right at this point, you have a limited income (but that can change) so you need to be realistic. Delayed gratification is how you do it. Decide what you want, learn about the law of attraction then put it out there. Instead of buying everything you want immediately or going into debt, you will acquire the lifestyle you want through other means.
Write everything you see that you want on a list. In 30 days, if you still want the things on that list then you can move them to your vision board or work out a way to afford them by budgeting for them. If not, remove them from the list.
Law of Attraction
I am a huge believer in the law of attraction but I don’t believe it is simply about thinking and hoping. You need to take some action, however, you’ll be surprised at what can come.
Most of the trips I wanted came through using the law of attraction. I healed from an abusive marriage and met my now partner through it. Smaller things such as getting paid to get my dive certification, go horse riding or winning awards as well.
I worked out what I wanted, created a vision board, put it out there and jumped on opportunities as they came up.
How do you use the Law of Attraction?
Firstly, learn about it. Unleash Your Inner Money Babe and Lucky Bitch are two great books to get you started. Both have great exercises you can do to open your mind about your options and use the law of attraction.
Facebook groups, podcasts, YouTube and Instagram are full of resources for the Law of Attraction. The more you learn and apply the easier it becomes and the more your life will shift from beer budget to champagne lifestyle.
For us, meditation, visualisation, a vision board and regular discussions with each other have helped. Mr Aspiring Millionaire and I spend time visiting land we want and picturing it. We discuss our dream home in Vanuatu (we have the property picked and the whole family talk about it as if it is already ours). These little habits and lifestyle tweaks have enabled us to be focused and have opportunities others don’t.
Find A Balance
Too often people completely deprive themselves for the future they want and completely miss living in the present. Or they go the other way, blowing everything right now as if they don’t need to save for tomorrow.
Once you decide what you want, create a plan to get there and a plan to live your life now. We could save and invest faster if we gave up certain things others view as luxuries such as occasional dinners out, family activities and travel.
However, our kids are only young once. Family members have passed away young. Life is for living. So find ways to do what you want within your budget or for free and do them. Live your life while saving and investing for your future.
How to do you live on a beer budget when you have champagne tastes?
What is the Best way to Become a Millionaire?
The best way is the one you can stick to. Only you know how comfortable you are with risky investments vs saving regularly into a high interest savings account. If high risk investments terrify you, then your path to financial freedom or millionaire status might take longer but you will feel better about it.
Can Anyone be a Millionaire or Financially Free?
The path to being a millionaire or being financially free is different for everyone. Honestly, while so many people say anyone can do it there is a huge difference between how easy it is and how possible it is depending on so many factors. Background, upbringing, education, knowledge, where you live, health, family considerations and more all impact your capacity to be financially free or become a millionaire.
Mr Aspiring Millionaire is Ni-Vanuatu (native to Vanuatu) and grew up there, surrounded by poverty. Ms Aspiring Millionaire is a Caucasian Australian from a relatively middle-class background but we had numerous wealthy friends and family, well above our level.
The reality is, financial freedom for Ms Aspiring Millionaire was always realistic and going to happen. Financial freedom to Mr Aspiring Millionaire seemed unrealistic because of his background but it was what he wanted.
Saving to be Financially Free or a Millionaire
One way to become a millionaire or financially free is through saving. Simply putting a specific amount aside each week or each time you get paid and putting it in a high interest account.
This is probably the safest but also the slowest and not the best investment as far as most people are concerned. Having $1,000,000 in cash might feel good but if that money isn’t making money then it’s not really the same as having a million in income generating assets. The interest made with this money sitting in the bank is minimal compared to how much you can make with it in other ways.
It is the lowest risk method though and for some, it feels best.
Investing in Shares to be Financially Free or a Millionaire
The preferred method for many in the FIRE (Financial Independence Retire Early) community or who follow that. Shares have statistically outperformed the property market and while it does go up and down, the value, especially with ‘blue-chip’ shares or indexed funds has been solid.
Warren Buffet made his wealth this way, as have many others. It requires less effort than running a business or property and still returns an income you can live off in later years if you invest enough.
A good way to experiment with shares to see if you like it is through micro-investing. Spaceship is one option where you can get a bonus $10 for signing up using the code S8518DLV20. You’ll get a feel for how comfortable you are with the ups and downs without having huge amounts invested.
However, if you want to invest more, there are other platforms which are better to invest through such as Vanguard.
Real Estate to Become Financially Free or a Millionaire
This was my original plan back when I was a teenager. I even tried to get my dad to go guarantor on a mortgage when I was 13. Not surprisingly, despite my thorough plan, he said no. He is more risk-averse than I am. If my 13-year-old came to me with a plan right now, I would consider it.
I owned a house in Sydney during my first marriage which was a rental for a few years. My tenants trashed it and while I had some good times with it, overall, it wasn’t a great experience. But I also hadn’t planned to be a landlord with that home.
Buying a property specifically as a rental is extremely different to buying for yourself. I’ll go into more detail in future articles.
Currently, my partner has a couple of properties overseas through inheritance. They are basic and rented to locals. Our future plans are to develop those plans, in the way the family had always wanted to but didn’t have the finances There are also 3 other properties we have rights to but we have not moved on those yet.
Real Estate Options
To become a millionaire through real estate you can become a landlord and grow your portfolio. Alternatively, there is flipping – where you buy an old home, fix it up and resell it. This was extremely popular for the past decade. Both options come with risks and real estate is not as liquid as shares should you need the cash for any reason.
Businesses for Financial Freedom or to be a Millioniare
This was how I had a net worth of $1,000,000 by the time I was 30. Due to a long, expensive custody battle, I had to sell off things and was no longer a millionaire.
Business is how most millionaires I know have done it. Either by founding a business themselves or buying one and growing it. Everything from building to pharmacies, wineries to tourism companies have been used to create this wealth.
Personally, I love business but I know it’s not for everyone. Our aim is to have a combination of savings, shares, real estate and businesses. It is what we have currently and will continue to grow.
What other options do you know of or are you pursuing for financial freedom and millionaire status?
Time is Money because Money can buy you Time
Most of us feel we are pulled in multiple directions all the time. Balancing work, family, health, finances and other commitments can seem almost impossible. We have a limited amount of time so how can we decide what is worth our time and how do we reject things that aren’t how we want to spend out time?
How to Put a Price on Your Time
Deciding what your time is worth is more than picking an hourly rate for work or your services. Everything you do takes away from something else so you need to use your time wisely. Do you really want to spend all your time chasing money and never seeing your family?
For us, family comes first. This means, I have passed on a lot of money at times because it was not worth my time. My time is valuable. I want to enjoy my life anf ensure I spend it doing what I love. So how do you put a price on your time?
How to Determine Work Value
If you work in a job, your salary is set by your boss usually. This does not mean you can’t negotiate though. Before you are hired negotiate for a higher rate if you believe you are worth it. Try for extra vacation time or other benefits if they won’t budge on the actual cash amount. There are numerous ways to get more for what you do.
As an employee, don’t wait for them to give you a pay rise, seek it out. Prove you are worth it and deserve a rise. No business will pay you more than they have to sooner than they have to. Look out for yourself and get the pay you deserve.
Also, discuss wages. Check your contract as more companies are putting clauses in employment contracts to ban the discussion of wages. Open discussion of wages ensures people get paid properly.
How to Determine Self Employment Value
Do not undersell or underprice yourself. Being self employed means you need to calculate in taxes, retirement, holiday and other leave, the cost of running business, your time and skills. Too many people undercharge because something is easy to them. People are hiring you and paying you because you have what they need. Your skills and knowledge are valuable.
For self employment, it is preferable to charge per project, not per hour. One of the reasons being as you get better, you get faster. If you’re charging per hour this will mean you are doing more work in a shorter time frame so making less money per project as you grow. This does not make sense!
But some like an hourly rate to use as a base to work out a per project rate. If you choose to do this, use the formula below but as you get faster at your work and better, double then triple your rates and keep moving up.
Formula for Self Employment Rates
1. Work out how much you want to earn a year. E.g. $100,000.
2. Add retirement, tax, business expenses such as site hosting, insurance, design, advertising, courses and events you want to participate in, self-care etc. This likely brings your $100,000 up to $150,000.
3. Work out how many days you will be working and it’s not 365. Start with the 365 days in a year. Remove weekends (104 days), public holidays (11 in Australia), holidays (20 days if going for the 4-week standard) and sick leave (10 days is standard, however, allow more if needed). This brings you down to 220 days.
4. Work out how many hours a day you can actually work. Most mums I know have school hours only, this means 5.5 hours max (after school drop off and pick up) or 1,210 hours a year for the 220 days they can work.
5. Divide $150,000 by 1,210 hours and you get $123.96 per hour. Let’s round that up to $125
6. Charge accordingly! If you charge $200 for an article that takes you 1 hour to write, you are in front and that is great. If you are charging $200 for an article that takes you 3 hours to write, you are behind. However, if your goal is less or you can work more hours this changes.
Time Vs Money
What do you want more of, time or money? In our family, we have specific goals both for time with family and activities we enjoy as well as the income we want for that lifestyle. Finding that balance can be tricky but it is worth it.
One thing that helped us, when we wanted to buy some random thing, we’d calculate how much time it would cost. Using the hourly rate about for our time or our hourly wage, it is easy to see how much something truly costs. For example, we went through a stage where we blew a lot of money on takeaway. When we added it up, it was hours of work wasted PLUS more than the cost of a weekly dive which we had not been doing because we didn’t feel we could afford it.
Our spending did not match our values or desire for life. Seeing how much time we wasted working to pay for that junk hit home. Next time you go to waste money, calculate how long you have to work to pay for it and what else it is taking away from.
How To Say No
No is a complete sentence. Too many people struggle to say no. Even if they do say no, they feel they need to provide reasons why. You don’t owe anyone a reason. It’s your life and if you don’t want to do it, don’t. Within reason of course. If you work and your boss tells you to do something you can’t really tell them no without a reason.
Stop doing everything for everyone. Stop saying yes to all the extra things you don’t want to do and take your life back.
Think About the Life you Want
One of the best things we did to help us change our habits and value time more was to truly think about the life we wanted. We have 4 kids and want them to have great memories. Diving, travel, hiking, experiences and fun are important to us. Every week we have a family activity and we do date night.
Our dream home in Vanuatu is chosen as are our businesses and other elements of our ideal life. Images of these specific things are on our devices and walls. Constant reminders of why we do what we do and what we want in life enable us to make better decisions.
For us, it is about living in the moment, enjoying family time and creating memories while establishing wealth to help our kids and all our family back in Vanuatu and the Solomon Islands.
What about you? Time vs Money, how do you manage it? What do you want your life to look like?