How To Develop A Money Mindset: 7 Ways Millionaires Think That Others Do Not
Have you ever wondered, what do they have that you don't?
Why is it that some people seem to have a natural ability to make millions of dollars while you, well you're you.
You work as hard as anyone else in every way possible, you take your responsibilities seriously, play by the rules, take your job seriously but yet you seem to have no financial freedom. And as the icing on the cake, everytime you try to start a business or make money online, it just does NOT work. You buy several products and software offering unbelievable results and YOU get nothing from all that money you've spent but you know that there's some rich guy out there enjoying your money AS WE READ.
This article aims to explain to you 7 ways that millionaires think differently, and how You can think in the same manner.
Don't you DARE say they are lucky, that brings us to the first tip:
Millionaires don't believe in luck.
These days when people talk about how other people gain success, the easiest way to justify it seems to be, to call it luck.
Well you see that is the thing, luck is only as real as you let it be. Millionaires don't believe in luck, they believe in CHANCE. Chance is a matter of probability, The man who won the tatts lotto was not lucky, he had a chance out of a few hundred thousands that the lotto results would work in his advantage. The woman who met Robert Kiyosaki and managed to convice him to become her mentor was not lucky, Mr kiyosaki simply decided to go to the same place where she was, and there was the chance she would come across him as a decent human being who was great at communicating with others. So there is chance, however we may not have power over some of the factors affecting that chance. Millionaires are not wealthy by luck, they are wealthy because they worked smart, they created their own future and understood it was a formula not luck. Even those who inherited their wealth were not lucky, when their mothers had a child, one way or another that child had to be someone. Hell the child could have been you!So its not about luck, chance is a different occurance. So better remove the notion of luck from you mind and replace it with an understanding of chance, because in the end, what works will and what doesn't work will not.
Rules: millionaires CREATE their own rules.
Rules do not always concern legal issues, rules can be as simple as beliefs that have been set in place in your mind to make you believe that something has to be a certain way.
Examples of such rules include:
Believing you need money to make money.
Believing that you must work your way up the corporate ladder like other people.
Believing that university or college are essential to success.
Believing that you have to follow a set of rules in itself is a limitation.
Millionaires follow a whole different set of rules to ordinary people, and one of those rules just happens to be that you can create your own rules to fit your situation.
Learn to broaden your views and opinions and understand that if 98.9% of the world follow a set of rules and the remaining 1.1% follows a different set of rules. more people will gravitate towards the 98.9% that doesn't mean they're correct, they're just following part of a rule made up by humans that can be called 'following the social norms'
Entrepreneurial Millionaires think about changing the world, others think about making money.
You see, wanting to make money is a great thing, but if that is your only purpose, that doesn't mean you will fail, it just means it may be more difficult for you to achieve your financial goals.
You may be thinking, shouldn't the desire for money on its own be enough to help you become a millionaire? Well you see that's the thing. A lot of people can want a lot of money, but those who want to give something to the world in conjunction with that can have a greater drive to do so. Think about what you have to offer people first, and then let the money come with it in the process.
'Average people' consume, Millionaires produce.
Most non-Millionaires see new technology and the thought in their head is how they can own one, they see 'amazing' products and wish they could buy them. Millionaires however, see such products and they may want them, but also think to themselves, how do I make that product better? Millionaires try to improve and produce rather than merely consume. Millionaires don't just want to own things, they want to make better versions of things.
The average person walks past a public park and finds the grass is too high, this 'average' individual will dismiss the grass or complain about how tall it is. The Millionaire however, sees that there are several such patches of grass around the area, and will think: "How can i make money from this?" How can I charge the public to get rid of this grass for them?
The average person thinks of how to eliminate large objects that take up space, the Millionaire thinks of how to charge the average person to get rid of their objects for them, and then how to recycle the object and help the environment while profiting from the recycling process.
Millionaires think about the ladder system differently.
The average person thinks about how to get to the top of the ladder. They operate with the mindset of work harder than everyone else in the company. The average person thinks they should work their way up the cooperate ladder. The average person thinks the way to make it is to get promotions and continue to work your way up until they are the leaders of that company.
The millionaire realizes that they can simply just create their own ladder and not even be at the top of it, they can lay the foundation for the ladder to stand, then leave the ladder for other people to ensure it is functioning properly. When that ladder blossoms as a business, Millionaires like to receive their profits without having to run the ladder on a daily basis.
In essence, while non-millionaires have a mindset of getting a job and getting promotions to the highest paying position, Millionaires would rather create jobs and give themselves the highest paying position. Think about that!
Millionaires believe in making money, not saving money.
I do not understand how some people expect to get to substantial finance levels with saving money.
Non-Millionaires magically think they can work hard, and save themselves enough money and be earning high interest levels and that way they can live their retired life comfortably. Majority of the time, this is absolutely not possible!
Imagine how long it would take you, even with substantial income to save up a million dollars, you haven't factored in the simple things like you having to pay costs of living and taxes!
Money savers do not seem to realize the fact that their strategy does not help them live comfortably, and in case you have never realized, the more money you make, the more money you seem to spend!
Millionaires however, believe in making money constantly, and making more money than they are spending. And they believe in making more money with what they are saving.
Do not get me wrong! I am not telling you not to save money, I am telling you to constantly use any money your saving to buy assets and investments that will make you more money!
Millionaires believe in financial freedom, not having a lot of money.
I will get a high paying job, climb up to the highest paying position, and that way I have a lot of money to spend, and I still have a lot of money left over therefore i have achieved financial freedom!
ABSOLUTELY INCORRECT.
You might be making a lot of money from your job, but what happens if you leave your job? There you go! Your money stops coming in. There is no freedom in that.
Millionaires believe in attaining assets in such manner that even if they go on holiday for 6 months, they can come back and find that they've still been making money.
Get that clear in your mind. Financial freedom is different to making a lot of money.
So that't it for today's 7 tips on how to develop a money mindset, make sure to subscribe to this Blog for more articles and useful information. Remember I barely scratched the surface with this article and will be putting up more information, tips and tricks to implement the information in your financial life.
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Anyways, I hope you've enjoyed this article and sincerely hope it has been useful to you. Make sure you subscribe for more content and get out there and put your knowledge into use!
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Until next time, Good luck and good bye.
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