Rachel Rodgers thinks we should all be millionaires. How’s that for an abundance mindset?
As a mother, wife, intellectual property lawyer, business coach, and CEO of Hello Seven, Rachel is on a mission to help more women hit 7-figures “without sacrificing their families or their sanity“. In her book, We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Rachel is bringing her coaching ethos to the masses with principles like her signature decision-making process below, designed to help you tap in to a life that deeply serves you.
We’re in love with Rachel’s take on life and business. Read on for an excerpt from We Should All Be Millionaires we think you’ll find empowering and thought-provoking…
You may be wondering, ‘How do I make a Million Dollar Decision?’ Well, there’s a formula for that.
My coaching team and I know how challenging it is to make Million Dollar Decisions in a world that constantly tells you that you are only worthy of brokenness. So, we’ve created a formula and an acronym to help you evaluate the important decisions you make and determine what a Million Dollar Decision looks like for you.
The acronym ‘WSABM’ is the same as the initials for We Should All Be Millionaires, the title of this book. I hope this helps you remember the formula, even when you don’t have a pen and paper handy.
Here is the formula for evaluating the various scenarios in which you want to make a Million Dollar Decision:
W is for Want. What do you want to do? Check in with your innate desires rather than crowdsourcing. Seeking wise counsel is a good choice, but before doing that, check in with what you actually want. If you knew for sure that any decision could yield your de- sired outcome, what would you most want to do?
S is for Shoulds. What are the shoulds operating here? Identify all the shoulds that come up when you think about this situation. What shoulds are coming up in your mind as you consider this decision? Is your want a should in disguise? Which shoulds do you agree with, and which are not yours?
A is for Action. What precise action will you take to move you in the direction of what you want? Identify the first thing—or two or three—you will need to do to begin executing this decision. This may need to be broken into several smaller action steps.
B is for Body. What does your body feel about taking that action? Imagine yourself taking this desired action. When you envision yourself taking this action, how does it make you feel? Do you feel alive, excited, is your heart all aflutter? Or is there a sense of impending doom? Or something in between? Check in with your body, because she doesn’t lie.
M is for More. How will this decision or direction lead to more for you? What will you have more of when you go this way? This becomes an important why to sustain you while executing your decision. Remember to focus on the more, rather than the cost. There will, of course, be costs in any Million Dollar Decision you make (such as time, money, and effort), but you especially want to pay attention to what you will gain from making this decision.
Use this formula the next time you need to analyze a decision and determine what a Million Dollar Decision would look like for you. Remember that a Million Dollar Decision is one that creates time and energy, frees up mental space, reduces piddly nonsense and creates space for the stuff that matters to you, allows you to feel strong, secure, and free, and creates options instead of eliminating options. There is no right or wrong answer here, only what’s right for you right now in this particular moment in time.
Broke ass thinking leads to Broke Ass Decisions, which lead to broke ass bank accounts. In other words, BADs beget more BADs. Likewise, MDDs beget more MDDs. So, start by making one Million Dollar Decision, and it will become easier to make the next MDD. Over time, you will find that you’ve created a Million Dollar Life paved in Million Dollar Decisions. Eventually it will become a habit that you don’t even have to think about.
Making Million Dollar Decisions means choosing yourself, betting on yourself, and declaring that you are worth it. Madam C. J. Walker was a master at this. She said, “I am a woman who came from the cotton fields of the South. From there I got promoted to the washtub. From there I was promoted to the cook kitchen. And from there I promoted myself into the business of manufacturing hair goods and preparations. I have built my own factory on my own ground.” Regardless of your current environment, friend circle or desire to be liked, you can start making better decisions. You can promote yourself to a better life.
Excerpted from We Should All Be Millionaires by Rachel Rodgers. Copyright © 2021 by Rachel Rodgers. Used by permission of HarperCollins Leadership.