The Best Formula to Becoming a Millionaire in 2025

You'll never become a millionaire unless you understand this concept. Right now, you are at point A, and your millionaire goal is at point B. The gap between these two points is what I call the performance gap. The difference between those who reach financial success and those who just scrape by is their obsession with closing this gap as quickly as possible.

Most people go through life with a scattered path, full of ups and downs, without ever reaching their financial goals. Others take decades to reach their millionaire status, often in their 50s or 60s. But what if you could get there much faster? I did, and it wasn’t because I was the smartest or the most talented. In fact, I had no qualifications, and my first boss bullied me so badly that I quit my 9-5 job. I had no other option but to figure out how to become wealthy as fast as possible. That hunger led me to close the performance gap quickly, and I became a millionaire in my 20s.

The Secret to Making Money

If you only take away one thing from this, let it be this: The money you make is always directly proportional to the amount of perceived value you provide.

To put it simply, the bigger the problems you solve, the more money you make, and the faster you close the performance gap.

So, let’s get practical. Take a piece of paper and draw a Venn diagram with three sections:

1. Things You Love to Do – Write down your passions. Maybe it’s traveling, gaming, photography, or coding.

2. Things You Are Good At – These are your skills. Maybe you’re great at sales, writing, graphic design, or problem-solving.

3. Things People Will Pay a Lot For – This is where the money is. Think about consulting, online courses, high-end services, or technology solutions.

The mistake most people make is focusing on only one of these sections. If you choose something just because you love it but it doesn’t pay well, you’ll struggle financially. If you choose something just because you’re good at it but there’s no demand, you’ll never scale up. And if you pick something just for the money but you hate doing it, you’ll burn out.

The sweet spot? Find something that fits in all three sections. This is your value zone. This is what will make you rich and happy at the same time. For me, I turned my passion for model helicopters and my skill in building models into a global business.

Choosing the Right Wealth Vehicle

Now that you’ve found your value zone, it’s time to pick the right vehicle to make you rich. There are two main vehicles you need:

1. An Active Income Vehicle – This is how you make money daily.

2. A Passive Investment Vehicle – This is how you grow your wealth over time.

Let me ask you: Would you rather have a million dollars in assets or earn a million dollars per year? The real answer is both. And to achieve both, you need two vehicles.

Your Active Income Vehicle

This should be something you can start immediately and scale up. Here are your main options:

• Product-Based Business – Selling physical or digital products.

• Content Business – Creating YouTube videos, blogging, or digital products.

• Service-Based Business – Consulting, freelancing, coaching, or agency work.

When I started, I didn’t have a lot of money, so I chose a service-based business because it has minimal startup costs. You can launch one from your laptop with zero upfront investment. Look at your Venn diagram and brainstorm a service you can offer that fits your value zone.

Your Passive Investment Vehicle

Think of this like the sidecar on your motorbike. Many people treat investing as just another side hustle, hoping to get rich overnight. But investing is not a get-rich-quick scheme. It’s a long-term wealth-building strategy.

The easiest way to start? Stock market investing.

For example, using an app like Trading 212, you can create a portfolio with stocks in companies like Tesla, Meta, and Google. If you invest just $5 a day for 25 years, historical data shows your portfolio could grow to over $1 million. Extend that to 40 years, and you could be worth $17 million.

Yes, stocks go up and down, but historically, the S&P 500 has never lost money over a 20-year period. That’s why I’m a huge advocate of long-term investing.

The Power of Focus

One of the biggest lies in personal finance is the idea that you need seven streams of income to become rich. This myth causes people to juggle multiple side hustles, wasting time and energy.

Here’s the truth: In the early stages, you need just one high-income skill and one investment strategy.

To illustrate this, let’s do an exercise. Take a piece of paper and make a list of everything you do in your daily life. Then, draw a chart and divide it into segments based on where you spend:

• Your Money – How much you spend on each area.

• Your Time – How much time each activity takes.

• Your Energy – How much effort each task requires.

When most people do this exercise, they realize they’re spreading their resources too thin. If you’re serious about becoming a millionaire, you need to focus.

For example, when I built my first business, I sacrificed my social life, gaming, and even dating. Was it tough? Yes. But was it worth it? Absolutely.

Focus is underrated. Too many people get distracted by shiny object syndrome—jumping from side hustle to side hustle and never making real progress. If I had kept switching businesses, I would have never made it.

The Final Secret: Overcoming Obstacles

There’s a famous quote by Jim Rohn: “If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.”

Your road to becoming a millionaire will be full of challenges. But here’s the key difference between successful people and failures:

• Failures see obstacles as excuses.

• Winners see obstacles as steps to growth.

For example, if you don’t have startup capital, that’s not an excuse. Start a service-based business with zero cost. If you don’t have time, cut out unnecessary activities like Netflix or social media.

Every millionaire you admire had the same 24 hours in a day. They simply chose to close their performance gap faster than others.

The Millionaire Blueprint

Let’s summarize the formula:

1. Find Your Value Zone – Something you love, are skilled at, and people will pay for.

2. Choose an Active Income Vehicle – Service-based businesses are the fastest way to earn six figures.

3. Invest in a Passive Vehicle – Use stocks (like S&P 500) to grow your wealth long-term.

4. Focus Relentlessly – Stop chasing too many things at once. Pick one and go all in.

5. Overcome Obstacles – Don’t make excuses. Find solutions.

If you follow this formula, becoming a millionaire in 2025 isn’t just possible—it’s inevitable. The only question is: Are you ready to close your performance gap?