How to Think Like a Millionaire
You are always thinking, thoughts guide your daily activities. The internal dialogue is that ongoing conversation you are having inside your head. The question you must ask yourself is what do you say to yourself when having the conversation. Is that dialogue full of "I can't do this and I will or It won't work, I'm to tired to finish, or I have no means to do it I'll always be poor.
Those thoughts are blocks from you reaching your goals. That way of thinking will never get you the big house, the nice cars, the toys, or the yacht. Those thought blocks will always keep you chained until you can change your thinking. In order to be rich you must take on the mindset of a rich.person. The richest men do not look at a situation and think "I can't do that." no they take that situation and find the opportunity in it. They say "I will try this and if doesn't work we can try this. This sets them up to succeed in their endeavors.
Millionaires Work 4 Times as Hard as the Rest of Us
The wealthy don't spend all day on private jets or lounging on yachts. They work 4 times as hard as those that work for them. Ask yourself, are you so committed to your success that you are willing to make that sacrifice?
When bad things happen that you have no control over you should be in control of your thoughts and emotions so you can better react to those situations. If life isn't going your way take responsibiity for it. It is up to you change it. Spending time blaming everyone else for your situation is counter-productive. Your circumstances and bad luck are just excuses to keep doing the same old things and to keep making the same mistakes.
Learn from Your Mistakes
When you make a mistake you must learn from them and try not to repeat them. Everyone makes mistakes but you must take the next step when you encounter failure. Failure is only an opportunity to perfect your next step.
Though they are looked at as being miserly and others as philanthropists all millionaires are able to delay gratification. When they have extra money they turn that money into an asset immediately. This is how they are able to keep their wealth. Only when they have invested into their future do they allow themselves to enjoy the benefits of being wealthy.
Buying and Rewarding Yourself
A dollar saved a dollar earned is not strictly true. In order to earn a dollar you must actually make a dollar thirty before tax before that dollar becomes yours.
Every purchase is a reward.
So before you reward yourself you should ask:
- Do I need this?
- Will I still want it tomorrow or next week?
- What are my long term plans? Is this money better kept for those goals?
Weigh out the short term benefits compared to the long term gains. If you don't really need the purchase then don't do it. Invest that money into your future. Look at the disadvantages of certain purchases. An example is if you buy a nice new sports car your insurance will go up, You will probably worry about anyone else using it or about your kids ruining the interiorl In the end any money you could have saved for a better future is being spent each month so you can look cool and more wealthy. But having the car compared to not having the expensive sports car is a personal choice. But if it effects you in a negative way then it is a disadvantage having it.
Poor people spend money trying to make themselves appear richer than they are, rich people spend their money making themselves richer.
Make a Budget
You should know where every cent is spent. You need to keep a budget account on a PC or in a book. It is crazy to wait till a bank statement arrives to let you know if you have money or not. A simple accounting software program like GnuCash an open source program package. This will allow you to have total control over your finances.
Unfulfilled Desires and the Unbeatable Formula to Success
Failure can hold us hostage through the pain of admitting we want something but can't have it. The trick is to accept your failures and then acknowledge your deepest desires and combine this with the belief that you will achieve them. This is the explosive and unbeatable formula for success.
Help Others to Get What They Want
The best way to get rich is help others achieve their goals. Helping others achieve success is like paying it forward.