Want to Be a Millionaire? Start Talking Like One

Why own oil company stocks when you can own the wellhead directly? Why own stock in a company when you can own the company? This is what direct investing is: owning assets and being involved in the operations, with higher returns and no middleman taking a cut of your money. I'm a fan of direct investing in real assets, ones you can see and touch and be a part of. The opportunities for direct investing and asset allocation are infinite.

They could include rental properties and other real estate, businesses such as laundries or oil and gas wells and even private debt instruments. Then, I take the income from these assets and invest in even more assets that yield more returns. Assets to income, income to assets. This is the Wealth Cycle -- the secret to creating and sustaining wealth that the wealthy have used for generations. I've done it, and so can you.

I often hear, "I don't have time!," "It's too hard" and "I don't know anything about making money" -- and other objections. As a mother of two small children and the founder and president of Live Out Loud, my wealth-building community, I too know what it's like having a few demands.

When people tell me they don't have time, I tell them they need a team. Millionaires don't clean their houses or mow their own lawns, and neither should you. A housekeeper or lawn service could well be part of your team; you have to buy your time back.