Getting Rich and Becoming Wealthy Are Two Different Games: The Money Rules that Change from Your First Million to Your Next Ten

There is a peculiar stage of financial success in which a woman has become extraordinarily good at making money—and remains quietly uncertain about what to do once she has made it.

Her business may generate $500,000 with one assistant and almost suspiciously little overhead. She may receive seven figures in stock compensation from a company whose ticker symbol now has an alarming amount of influence over her emotional state. She may run a multimillion-dollar company with an executive team, a complicated tax strategy and no clear answer to the question, How much is enough?

She understands revenue, profit and growth.

But should the cash be invested? Kept available? Reinvested in the business? Used to pay off the house? Diversified away from the asset that created it? Allowed to fund a larger life?

The available guidance is strangely unsatisfying.

One expert recommends more leverage. Another recommends eliminating all debt. The internet says the market averages 10%. A financial advisor produces several attractive pie charts and discovers the S&P 500.

None of it quite addresses the massive transition taking place.

Because getting rich and becoming wealthy are two entirely different games.

Getting rich often rewards concentration, risk and extraordinary personal performance. One business. One career. One offer. One company’s stock. One audacious bet that works far better than diversification ever could.

But after meaningful capital and multimillions have been created, the assignment begins to change.

Now the woman who knows how to generate money must learn how to convert it into something capable of existing without her.

In this episode: