Official YouTube playerThis view counts on YouTubeWatch time, likes and comments land on Myron Golden’s channel exactly as they do on youtube.com.

How To Become A Millionaire Step-By-Step

Myron Golden

1.44M subscribers

107K views · 2 months ago

4 TYPES OF MILLIONAIRES | How To Become A Millionaire Step-By-Step Becoming a millionaire isn't just about making more money. It's about understanding how wealth is created, how money is managed, and what kind of millionaire you want to become. In this powerful message, Myron Golden breaks down four different types of millionaires and the paths they can take to build lasting wealth. By understanding the different ways people create and grow wealth, you can identify the path that best fits your skills, opportunities, and goals. The core idea is simple but powerful: You don't become wealthy by accident. You become wealthy by understanding the principles of wealth creation and intentionally applying them. You'll learn: The four different types of millionaires and how they build wealth The step-by-step process for moving toward millionaire status Why increasing your income is only one part of becoming wealthy How to turn skills, knowledge, and opportunities into wealth The difference between earning money and building lasting wealth Why your mindset and financial decisions determine your trajectory Biblical principles behind wealth, stewardship, multiplication, and prosperity Thi

✦ What fans are saying

100+ public comments · synced 4 days ago · 97% positive

Questions fans keep asking

What landed

Overwhelmingly positive and grateful, with many viewers calling the framework practical and life changing.

360haircuts

2 months ago

Sir, I came across a reel on instagram when you were being interviewed about your journey. And honestly? Just listening to you, I knew I was hearing truth, you just feel it when it's real. I've been on your Bible studies 30 minutes a day since learning principles. Solid wisdom. Keep going. I believe God's using you to break poverty mentalities we Christians have been stuck in. Thank you

♥ 1803 replieson YouTube ↗

michaefranklintv

2 months ago

This guy has helped me make more money than any other year I’ve had in business! Yall tracking!!

♥ 1254 replieson YouTube ↗

kaelamichèll

2 months ago

Thank you for this invaluable information Myron. I’m beginning the mission to become the 1st millionaire in my family, I’ll come back when it’s done.

♥ 642 replieson YouTube ↗

stylionaires

2 months ago

I think am on my way to virtual millionaire in few months, thank you sir

♥ 372 replieson YouTube ↗

drfaithlfrinks

2 months ago

Happy Maximizing Monday Dr Myron & beautiful people!

♥ 24on YouTube ↗

JohnOtu-y5l

2 months ago

Dr Myron has really improved my financial life in just 8 months of listening to him. Thank you so much Sir. I hope to meet you soon

♥ 20on YouTube ↗

Rght3ou5

2 months ago

IF THERE WAS ANY VIDEO ON YOUTUBE THAT WOULD HELP ME BE A MILLIONAIRE ITS THIS ONE! TIME TO APPLY

♥ 132 replieson YouTube ↗

seanpierce4926

2 months ago

Im not one of those that say I just want to make enough to survive, heck nah... I want all that I can get... However right now, I just need to get out of all of my debts, and at least get my business making 10k-20k a month, then move on gradually...

♥ 13on YouTube ↗

digitalfinancecreator

2 months ago

I listen to you on my lunch at least 3 times a week. This helps me stay focused and not quit my job. I’m working on my business and I see progress. Thank you for all you do!

♥ 8on YouTube ↗

IndiaMorales-333

2 months ago

You are one of the few people that I always forward to seeing your videos. The fact that you build an empire and are sharing such powerful wisdom is commendable. Thank You Myron Stay Blessed 🙏🏽

♥ 71 replyon YouTube ↗

keymaker1348

2 months ago

Pure 🔥 sir

♥ 7on YouTube ↗

Irene-s2k2d

2 months ago

I am so happy I accidentally came across this channel last year. Changed my way of thinking. Am right now at slums of Kenya but I don't think I'll die here.

♥ 72 replieson YouTube ↗

majorhouseentertainment3802

1 month ago

I was just telling a friend I'm needed to figured out a way to bring in more money per month, 50k to a 100k, then i say this video 2 times on my feed i decided to click on it, it confirmed my idea, funny how GOD works❤🙏🏿

♥ 6on YouTube ↗

BitcoinChris

2 months ago

🔥🔥🔥

♥ 6on YouTube ↗

WhoIsLikeSong

2 months ago

26:41 no tax on loans strategy

♥ 61 replyon YouTube ↗

ninadawn7629

2 months ago

Huge thanks to Brother Myron and team!

♥ 5on YouTube ↗

JamesChristopherFelle

2 months ago

Thank you!

♥ 5on YouTube ↗

brianacrawford2265

2 months ago

Thank you for these amazing gems!

♥ 4on YouTube ↗

edsonvaleriano8789

2 months ago

Las clases de Myron es pura práctica no simplemente motivación, gracias.

♥ 4on YouTube ↗

AlexisSiriani

2 months ago

Thank you for this MasterClass level information. The main takeaway I’m implementing now: doing easy things that make a lot of money and leaving behind doing hard things that make a little money.

♥ 4on YouTube ↗

BarthDGreat

2 months ago

Thank you sir💪🏾💪🏾💪🏾

♥ 4on YouTube ↗

1joesampa

2 months ago

This right here

♥ 4on YouTube ↗

drfaithlfrinks

2 months ago

So good

♥ 4on YouTube ↗

Saypreach_topic

2 months ago

Happy new week everyone!

♥ 4on YouTube ↗

BlackMotherhood

2 months ago

Struggle bus into motor home is wild lol 😅

♥ 4on YouTube ↗

JTrades-EZ

2 months ago

Another Golden episode!!! 💪🏼📈

♥ 3on YouTube ↗

TWiiDance

2 months ago

This was another GREAT one! Thank you Sir! 👏🏾

♥ 3on YouTube ↗

mznetta3485

2 months ago

Huge thanks for this great information

♥ 31 replyon YouTube ↗

cliasta9614

2 months ago

Thank you Myron!

♥ 3on YouTube ↗

creepbustas1038

2 months ago

Myron, I needed this . I am a pool guy aka the service industry and while I’m working in this scorching heat, I tell myself that there has to be an easier way to make money . I am working extremely hard for not very much. I do ultimately believe it is working on me because all labor works. I would love to transition out of this position. Thank you Myron

♥ 3on YouTube ↗

✦ Insights from this video

Read from the transcript · every timestamp jumps the player

In short

Myron Golden lays out four types of millionaires — virtual, cash flow, liquid and net worth — and argues you should build them in that order rather than starting with the hardest one. He walks through the math of getting 50 clients paying $100 a month to replicate the lifestyle of someone with $1 million invested at 6%, explains self-replenishing assets using his own books, and closes with how he replaced a $21,000 a month mortgage with a home equity line of credit costing $1,100 a month.

Chapters

Key points

01
Leverage beats strengthening your weakness
Using a race analogy — running versus bike, car, plane, jet — he argues you can always go farther and faster with less energy if you have the right leverage, and that most people instead work on strengthening a weakness.
02
Virtual millionaire: 50 clients at $100
A million dollars invested at 6% pays $60,000 a year, or $5,000 a month; 50 people paying $100 a month for a membership or community gives you the exact same lifestyle without accumulating the million.
03
Cash flow millionaire is $84,000 a month
To cash flow over a million a year you sell 84 thousand-dollar offers, 8.4 ten-thousand-dollar offers, or a single $84,000 offer per month.
04
Self-replenishing assets pay forever
His book written 20 years ago still earns almost $100,000 a year, and a five-year-old book earns a couple hundred thousand a year, because you create them once and sell them indefinitely.
05
Your current level blocks your next level
He refuses to let himself think of any sum, even $3 million a month, as a lot of money, because you'll never make more than the amount you consider a lot.
06
Net worth millionaire: borrow, don't sell
Accumulate assets you can borrow against tax-free, buy life insurance with some of the borrowed money, and let the death benefit repay the loans.

Lines worth keeping

“The reason I thought making money was so hard was because I was only focused on doing the hard things that only make a little bit of money.”
The framing that sets up the entire talk.
“I always make up in leverage what I lack in ability.”
His one-line summary of the leverage principle behind all four millionaire types.
“People who play little mind games win little prizes. People who play big mind games win big prizes.”
Explains why he deliberately refuses to call any amount of money 'a lot'.
“My objective is not to become debt free. My objective is to free up enough assets so that regardless of what I need to do, I can borrow against those assets.”
Directly contradicts conventional personal finance advice and sums up his net worth strategy.
“I can't believe I'm teaching y'all mastermind level stuff on YouTube.”
Marks the midpoint where he moves from the virtual millionaire model into asset creation.

What to do next

1
Stop chasing the hard ways to make a little money and ignore them entirely.
He says it's easier to make a lot of money in a short time than a little over a long time.
2
Become a virtual millionaire first: get 50 clients paying $100 a month on a membership, school community or software.
It gives you the same $5,000 a month lifestyle as a million dollars invested at 6%, in months instead of decades.
3
Use the freed-up time and mental bandwidth to create assets, especially self-replenishing ones like books.
Assets you create once and sell forever are what move you to cash flow millionaire.
4
Build premium offers and work out how many you need to sell to reach $84,000 a month.
Cash flowing over a million a year just requires picking a price point and a volume that match.
5
Don't let yourself label any amount of money as 'a lot'.
Seldom will you make as much as, and never more than, the amount you allow yourself to think of as a lot of money.

Mentioned in this video

PersonDaniel PriestleyMyron credits him for the formula that income follows assets.
BookFrom the Trash Man to the Cash ManHis own book written 20 years ago, sold for $20, that still earns close to $100,000 a year.
PersonBen GreenfieldBiohacker scheduled to appear in studio on Thursday after the live.
PersonGarrett GundersonDescribed as one of his favorite people to talk to because he understands finance at a very high level.
PersonJeff BezosUsed as an example that people making millions aren't working harder than you.
PersonElon MuskNamed as the exception who may actually be working harder than everyone.

This video answers

?What are the four types of millionaires and which one should I aim for first?
?How can I get a millionaire's cash flow without accumulating a million dollars?
?What is a self-replenishing asset and how does it make money years after you build it?
?How much do I need to make each month to be a cash flow millionaire, and what offers get me there?
?Why does Myron Golden say becoming debt free isn't his goal?

? Ask this video

Answers come from this transcript only

Ready-to-post clips

Picked from the transcript · grow every other platform from this one

YouTube Shorts2:05–2:46 · 41s
“I don't even work 8 hours in an 8-hour workday”
A blunt, contrarian claim about rich people and hustle that instantly provokes agreement or argument.
The people making millions aren't outworking you. They're doing something different.
Instagram Reels7:40–8:21 · 41s
“I make up in leverage what I lack in ability”
A quotable one-liner plus a vivid running-vs-jet analogy that lands a complete idea in under a minute.
No matter how strong you make the weakness of running, it's still just running.
TikTok15:26–16:07 · 41s
“He's in his 20s making $292,500 a month”
A concrete number and real example that makes an abstract concept feel immediately achievable.
50 clients paying $100 a month equals the lifestyle of a million dollars invested.