Page 37 -

TRUMP UNIVERSITY WEALTH BUILDING 101

Difference 1: Millionaires Eliminate Minimum Wage
Activities from Their Lives

As long as you fill up your day with minimum wage activities, it’s not possible
to be a millionaire. Do you take out your own trash? Pick up around the
house? Do your own laundry? If you answered “Yes!” to any of those ques-
tions, then you’re involved in minimum wage activities. If you want to gener-
ate a million dollars, or more, in revenue every year, then you must recognize
that money is math. To do that, joyfully or otherwise, based on a 40-hour
work week, 50 weeks a year, your time is worth $500 an hour minimum. Any

action someone else can do for less doesn’t fit millionaire habits.
See which minimum wage activities you can eliminate from your life.
Start looking at more efficient ways to live your life and take action.

For example, do you spend two hours arguing about a cell phone bill
because the phone company overcharged you $10? If you do, you’ll never be
a millionaire because, even if you win, you only made $5 an hour from that
discussion. You may say, “Well, it’s the principle.” The principle is: you are
struggling and you don’t deserve to struggle. Would a millionaire spend two
hours a night watching cable television? Probably not—unless they owned
the network! Millionaires consistently ask themselves, “What is the highest
and best use of my time?”
Abraham Lincoln said that if you have one hour to chop down a tree,
spend 40 minutes sharpening the ax. You could chop down the tree by hitting
it with a dull ax. The tree may fall after an hour, the challenge is your hands
will be bruised and blistered and you won’t be able to chop down the next tree.
If, however, you spend 40 minutes sharpening that ax, in the next 20 minutes,
you can chop down the tree with little effort. In fact, because you sharpened
the ax and did the foundational work in the beginning, you then can chop
down the next tree, and the next, and the next.
Letting go of instantaneous gratification is the lesson here, and in the

long run it creates wealth. If you work 40, 50, and even 60 hours per week and
come home at night exhausted, you can’t afford cable TV. I’m not talking
about the monthly fee; you can’t afford spending those two hours watching
TV when you could spend them sharpening your “ax.”

You may be uncomfortable at first, yet remember the principle: Money is
math. You have the same hours in your day as a millionaire or billionaire who
knows how to best utilize their time and resources. You’ll begin to grow to a
place where you no longer have to trade hours for dollars.
Like me, you were probably raised by parents who wanted you to have a
better life, but may not have motivated you in ways that were successful.

14

8/23/07 3:05:05 PM
c02.indd 14 8/23/07 3:05:05 PM
c02.indd 14