A million dollars is not out of reach for you if you change the way you think about money, savings and investments. Keeping the right mentality is key when thinking about the way you can handle money. Does it determine the way you live, or do you determine what it does for you.
Creating a dominant relationship with money will give you the confidence to always stay on top of your finances and elevate your wealth to new heights without it becoming a burden or a hassle to manage.
The so called “Millionaire Mindset�? just sums up the way you should think about money, something that you deserve, but that should not be put on a pedestal to attain, make it work for you and use it to achieve your life long dreams, without it becoming your ‘Golden Calf’ so to speak.
Step by Step
Hurdle over the fears. To a Millionaire mind plummeting economies, job cuts and industry meltdowns create rife opportunities for those who choose to seize the day. Committing to buying a house or some kind of real estate is a worth while long term investment once you calculate how much rent money goes down the drain every year for you.
Most millionaires invest at least 20% of their income annually so over coming that fear that sops you from making money is key in making your money work for you.
Do your Due Diligence. Researching and studying trends is what millionaires usually do before capitalizing on investment opportunities.
Long term returns in investment is usually the most worth while investment as it guarantees an income while you pursue your next venture, avoiding rushing and mistakes along the way.
Be your own Director, don’t play the victim. Never give in to excuses that are the ‘reasons’ you’re not rich such as your family’s past or inheritance. You have an equal chance, the same hours in a day like everyone else, to choose what you do.
Your results are influenced by your daily decisions, not anything else. Some of the most materially successful people are not only those who come from a wealthy background but those who’ve come from difficult circumstances. You could be in the 80% of millionaires who didn’t inherit their fortunes. So never say never.
Maintaing the millionaire can be very simple if you have an organized plan you can follow through easily when things feel complicated. The plan is made of these simple rules:
1. Save your Money/Cut Costs
2. Look for New Opportunities
3. Wise Investments
4. Consistency is Key
5. Be Positive
6. Be Humble
7. Be Grateful
Be empathetic. Learn to easily put yourself in other people’s shoes and be aware of what is happening around you. Before investing know what motivates and struggles people want to overcome during the time. Never let go of the feeling that you will get to where you want to get to.
Tips
Use Credit Cards sparingly, for quick payments that you know you can pay back the next day. This is key in being debt and worry free.
Material gains loose their ‘shine’ value as soon as they’re yours, so realize that having that thing that you can’t afford, but must have right away really isn’t that important.
De-stuff your home and work space. Objects are made of atoms as well as we are, so keeping energy/financially sapping clutter around your work or living area will set a similar clear mind-set for you. Try it out and you’ll notice the change.
Find others who have a similar or higher millionaire mindset than you and share ideas and experiences. More importantly become a sponge and learn all you can, then decide the direction that you feel comfortable in taking.
Advice
Maintain a proactive style and be resourceful. Know what you can live without and replace it with money you can trade in for the life you really want. Choose to see this as a cleansing of excesses in your life you’ll soon realize the clarity of consciousness you experience with less materialism you surround yourself with especially during an economic drought.
Spend life with your friends and family and the successful mentality that you’ll love having from now until forever. Don’t worry and be happy with the things you’re already blessed with.