How to Become a Millionaire (It's Simpler Than You Think!)

Have you ever wondered how to become a millionaire? Serial entrepreneur Todd Johnson knows the answer first-hand. In this interview, he spills his secrets not only on how to make a million dollars but also how to build on that and achieve true financial freedom.

Both in Los Angeles and on YouTube, Todd is known for his impressive car collection and luxurious lifestyle, so it may surprise people to learn he didn’t come from a wealthy background. Todd learned the value of a strong work ethic and how to hustle from an early age. He started working as a teenager, first doing yard work then taking a job in a kitchen that let him make enough to buy his first car at 14.

He has maintained that drive for success into adulthood, taking night classes that taught him to build and sell computers while he was in the Air Force. It didn’t take long for him to branch out into other industries, and in the years since he’s built multiple sustainable, profitable businesses, including one of the fastest-growing IT companies in the world.

Of course, Todd will be the first to tell you there are a lot of pitfalls on the path to becoming a millionaire. We’ll hear about the mistakes he’s made, what he learned from them, and how he pushes through challenges and setbacks. He’ll also talk about how to set improvement goals and cultivate the right mindset for success, along with sharing other tools and strategies that have helped him unlock his full potential.

Whatever industry or stage of your career you’re in, Todd’s advice can help you to push it to the next level! Make sure to check out these other videos for more advice on how to scale profits and revenue:

How to Build a Brand that Scales to 7-Figures (And Beyond) ►

A Day in the Life of an Entrepreneur ►

Resources:

Timestamps:
00:00 - Start
00:40 - Meeting TJ
02:35 - Looking around TJ’s neighborhood
03:21 - Best niche for a new entrepreneur
05:03 - Having a clear vision
06:38 - Most common entrepreneur mistakes
08:07 - How to get started with no money
10:05 - TJs current entrepreneur focus
11:22 - Passive income
13:49 - Systems and tools to manage finances
14:59 - Taking a drive/Recovering from setbacks
17:06 - How leadership affects financial growth
18:07 - Blitz questions
19:48 - Niches to avoid during a recession
20:53 - Millionaire mindset
22:29 - How to buy a business with no money down
23:59 - How to network as a new entrepreneur
25:55 - Value of coaching for entrepreneurs
27:59 - What to look for before buying a business
29:15 - Importance of passion
30:41 - Skill that self-made millionaires share
31:39 - Success club sprint
33:58 - Day-to-day habits of millionaires
35:46 - Biggest regrets as an entrepreneur
37:20 - Final thoughts
38:54 - Outro

#howtobecomeamillionaire #howibecameamillionaire #millionaire

[Tkenny]

To answer the question at 30:56 I think the skill that self made millionaires all have in common is the ability to be calm, cool, and collected during down turns. My father started his business at 26 years old and never worked for anyone his entire professional life. He made a lot of money but he also lost a lot of money. But during those times of losses I noticed he was the same guy when he lost money and the same guy when he made money. He was always cool, calm, and collected.

I also think successful people accept failure. Not to say they aren't afraid to fail, everyone is scared to fail, but they understand that thats part of business. Every time my father failed he never thought of quitting or thinking this isnt for him. He hated losing, but his desire to win and turn it around was greater than quitting. He always got up, accepted the mistake, and focused on turning it around and he ALWAYS did. Even if it took a long time.

[tirsinaim]

I don't want to be millionaire to have luxury cars or houses... I want to help my family and everybody around me . This is my dream.

[skynet]

To become a millionaire you need a plan a vision and an end goal. Look for tools to get you there. Don't be scared to take risks and block out the negative noise.

[bossahmed]

TJ was probably the coolest millionaire I've ever seen. Plenty of golden nuggets given.

[brownsugar-wlvn]

The fact that there are so many millionaires out there truly shows that we live in an abundant universe. There is room for everyone. This was truly amazing, thank you❤️

[evo-tdke]

I normally don't watch an entire video, but TJ's vibe/energy and sincere message really showed. Thank you, learned so much.

[johnedwardbrantley]

I avoided this video like the plague because I hate motivational, business-related videos with big flashy cars talking about get rich quick schemes. But I LOVE Upflip.

I, finally, broke down & watched it... I could not have been more wrong about this video!

Talk about informational & inspiring!!! Real talk. No gimmicks!

I needed this video! Thank you! Upflip, I will never doubt you again! Lol!

[aarinsavage]

I’ve watched many of the Upflip videos, because it’s great content and I love it. This interview, however, is on a whole other level. Excellent content, brilliant mind. I found myself rewinding and taking notes.

[vastyjean]

I’m working on becoming a millionaire right now! Anyone else who’s working on that see you at the top!!! ❤

[mystorytv]

Ideas + Tools + Actions = Wealth creation

[brittany]

He’s so relatable and humble. I love his message and story! Very inspiring

[darioxbrow]

Wow I really needed to hear all this solid pieces of advice. This guy is definitely dropping gems. Love it. I was looking for some inspiration, and now that I'm inspired, I know for a fact that I can keep at it. The key to success is building an automated system that can make you successful even when youre not running your business. He also said you should be passionate about why you're doing something, not about whatever it is your doing. You'll eventually get inspired to do more once people tell you "man you're doing an amazing job, keep it up". Even if it might seem a bit of a let down at first, just keep at it. The moment you start making progress is when you're gonna get passionate about your stuff. Super nice video as always. Lots of quotes I loved from this guy that I'm gonna write down on my diary. Thank you guys, this one was bomb. Keep up the grind

[fearnsa]

"Progress begets passion." Well said at 30:06.

[dallasmaru]

What a great guy, easy to interview, informative, kind and just a great personality. Great interview

[sutats]

Stay focused and be consistent. That's the way to do it.

[Tony-ynun]

I followed this guy for a minute now. He’s the real deal.

[sfrealestatedealmaker]

Todd shared a ton of solid advice. 👍🏼 Thank you

[wellingtonsantos]

The edition of the takes between the random images are super nice and looks really professional content. To be very honest much better than TV😯👏👏👏

[madvillainy]

I don't see myself buying a bunch of cars when I reach that level. Then again, it's an an easy way to stash 💰

[myremoteteamio]

very humble and genuine men love it commenting first time on youtube just for this men truly inspired