THINKING LIKE A MILLIONAIRE

How to develop the mindset of a millionaire requires dedication but possible with the right mindset

When you sit down and really assess your primary goals in life, most, if not all, will revolve around money. Of course, this is entirely natural and not a lot of people would turn down the chance to become a millionaire. As it has been said for many years, money makes the world go round. However, you will never reach this point unless you adopt a millionaire mindset and here’s why.

In essence, the mindset in question looks at how you approach financial decisions and how you think regarding money. Unfortunately, not many people realize that they have to adopt this mindset right now – even when a million dollars seems a lifetime away. Not only will this help you to achieve the million dollars, but it will also then help you to keep hold of it once it’s yours.

How? – One of the things we can do in learning how to achieve this mindset is to look towards people who are already there. With that in mind, let’s look at some top tips from the millionaires themselves.lifetimestock-151776-l

Future Comes First – At all times, you should know exactly where you want to go and how you will get there. With this in mind, you should have achievable goals that are written, specific, adjustable, realistic, and WILL come true. After you have your goals, work out the journey.

Evaluate Everything – Rather than just thinking about how something will affect you now, think about the future too. For example, the process of buying a car is the perfect example. Currently, you might consider how much you can pay each month. With the millionaire‘s mindset, you will think about the total cost over the course of its life.

Save > Spend – Firstly, and you should always look to save money first and then spend whatever is left. If you are spending all of your salary, there is no way you can ever progress. However, with just 10% saved each month, you get closer to your goal every month. Currently, you might be thinking ‘I have no money to save’ but that will soon change once you assess how much you spend on movies, coffee, clothes, eating out, etc.

debtLose Debt – By using the very definition of debt, you owe more money that you have – ultimately, this means that debt is a burden. If you ‘need’ to purchase something, wait until you have the money for it rather than buying now and creating an ever-growing debt. If you need it later, you can go ahead and buy it. More often than not, you will find that the purchase suddenly seems insignificant.

Finally, you have to believe in yourself and in your ability to achieve your goals. If you don’t believe in yourself deep down, you are already starting behind everyone that does have confidence. As long as you have a good plan and have the confidence in your own ability, there is no reason why you can’t succeed!

Realize Your Potential

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6 actions to remember to tap into your FULL POTENTIAL

Before we start, think back to your teen years and early twenties about what you wanted to achieve. Have you achieved any of these dreams? Sadly, this answer to is likely to be ‘no’ because we find it all too easy to settle and think small. However, you are going to learn some tips today that will flip this around so you start thinking big and realizing you’re potential.

 

Be Brave – When we were children, we used to fill our lives with imaginative stories but where did this go? Somewhere along the way, we lost this ability because we choose to ignore it. Instead, let out your inner creativity and it might just lead you down a new exciting path.

 

Consider the Alternative – How do you think you will feel in ten year’s time if you’re still doing the same thing because you didn’t think big? If you feel happy with that thought, you may have achieved your dreams. If not, it is time to use this as your motivation. As the saying goes, we regret the actions we didn’t take as opposed to the ones we did.

 

Your Idea is Viable – With recent advancements in technology, your dream is closer than it has ever been before. Granted, even 30 years ago your idea may have struggled but with infinite resources, you can make it happen. There is no better place to start than today so why not do a little research and get the ball rolling?

 

Take Risks – Our comfort zone is great because it is the place we find life easy but this doesn’t lead to progression. If you want to achieve your dreams, you have to get used to stepping out of your comfort zone. As long as you are motivated and believe in your ability, you have the tools to succeed.

 

Think Big – Instead of thinking of good ideas every now and then, get into the habit of thinking up big ideas every single day. Even if you just spend a few minutes at a desk thinking up ideas, you will see progress. Once you decide on a plan, spend those few minutes elaborating and improving. Just a few minutes a day is better than nothing at all.

 

Listen to Emotions – As we grow older, we listen to our emotions less and less while preferring to look at the negative side of things. As a result, you have to get used to listening to your emotions once more so when you get a positive feeling; you act on it. It is all too easy to become robotic but deciding to be different and go through with ideas that truly excite you.

 

If you follow these six simple tips, the difference can be quite amazing. Life is a journey that has to be planned by ourselves and if we don’t, we settle for something we have never wanted. Why not be in the unique few who follow through with their dreams and live happily?