HNY. So Now What?!

January 02, 2019 | Colleen O’ Connell-Campbell


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Happy New Year and an open-arm welcome to 2019!!

I know. It feels premature to launch into full-on 2019 content. Many of you are still enjoying family time, holiday light shows and leftovers. Good for you! Take the time you need to relax, reset, and get in all the hugs you can before everyone disappears into their busy lives.

I, however, have been excited about 2019 for a while now, and I’m so eager to kick it off that I can’t wait to share my resolution with you. In fact, it’s less of a resolution and more of a promise, and maybe sharing this today will get you thinking differently about setting your own plans/resolutions/promises... (again – when you’re ready!)

Here’s one thing I know about Resolutions: When you SHARE a resolution (or a commitment or a decision) PUBLICLY, you supercharge that decision with accountability. When you make it public, your community is more likely to support you, help you make it a reality, and actually join in and enjoy the success with you!

Staying accountable – keeping our resolutions – requires one very important muscle that most of us need to build up and work out frequently: the Believe It muscle. Your resolution needs to come from a very deep WHY so your reason for keeping it continually motivates you, and you need to know deep down that you can do it. When you make a resolution – any resolution - Believe It. Then apply the SMART formula for wording your resolution, or any goal for that matter: Specific, Measurable, Attainable, Relevant and Time-bound.

Okay, so the reason I’m outlining all this is to make my OWN New Year's resolution VERY public.

It’s not a resolution so much as it's a promise, drawing on my Sacred Money Archetype, The Maverick, the Rebel with a Cause.

Are you ready?

I promise to double the number of Canadian millionaires by 2030.

And yes, I believe I can do it!

Here’s the information I’m using to set and measure my promise. Based on several specific reports including Wealth X Billionaire Census 2018, Wealth X World Ultra Wealth Report 2018, and Credit Suisse-Research Institute Global Wealth Report 2018

  • There are 42 million millionaire households worldwide. They represent 1% of the world adult population and hold 45% of the world wealth, which is estimated at 142 trillion. 90% of those millionaires worldwide have a net worth between 1 million and 5 million, representing 40% of worldwide wealth.
  • Canadians make up 3% of the world's millionaires. In 2018, according to Credit Suisse, there was 1,289,000 Canadian millionaires. Credit Suisse projects that number to increase by 57% by 2023 to 1,992,000. But my promise is to double the number of Canadian millionaires by 2030. That means I want to see an increase from 1.3 million to 2.6 million by 2030.

How on earth can I affect that number? It has something to do with the type of millionaires we have in Canada and how their assets are allocated. I have lots of fascinating stats to share with you in the next few posts. Right now I just want to share this bold promise, make it public, and invite you to help me reach that goal.

I’ll continue sharing my learnings, my lessons, tips and insight – what I’ve learned myself and what we can learn from the guests I have lined up for my podcast, I’m a Millionaire! So Now What? (listen & subscribe here) which drops every Tuesday. Subscribe so you never miss an episode, especially as we roll out how to implement your very own Roadmap to Real Riches. If you haven’t already, jump on to the to the distribution list to get every blog post too. (Email me directly at colleen.campbell@rbc.com.)

Of course, the most direct way to help me double the number of Canadian Millionaires is to become one yourself.

Because, no matter where you’re at now, you can DOUBLE your net worth by 2030. Don’t believe me? 9 out of 10 people I meet won’t flex their Believe It muscle. But part of my plan to reach my own bold goal is by finding those 1 in 10s. Not the wealthy elite, but the READY elite. Are you ONE? Ready to start down a path to double your net worth?

Seriously! Why not make your own bold Resolution and choose right now to get started?  I’ve cleared 7 x 1-hour spots in my January-February schedule for the Ready to Double “elites”. Here’s the catch: you need to TAKE ACTION; show me you’re committed. Send me an email and I’ll send you a questionnaire to complete before we set up our session.

I’m excited about 2019 and all the great things that are waiting for us. Actually, what is all this talk about waiting… Let’s get this party started!