Develop a Millionaire Mindset in 6 Easy Steps

       

We all like to dream about being financially wealthy. For most people though it remains a dream and nothing more. Why is that?
It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.
How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.
Millionaires play to win, not to avoid defeat.
This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!
   

2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.
Lets take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Lets also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.
Your goal for the first year may to have $10,000 in the bank within a year. It won’t be easy but it is doable. Next you need to figure out the steps you need to take to achieve that goal.
Always like to look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.
You may also have other skills outside your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.
If this is still not enough to make the money you need to save $10,000 in a year, THEN it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?
If you are to become a millionaire, you need to start accumulating money.

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.
Stop working for your money and make your money work for you.
Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.
There’s not just the stock market — there’s also property, and your own education.

4. Never Stop Learning

The best thing you can invest in is yourself.
Once most people leave the education system they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.
Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school.
Who would you rather be?
Learn everything you can about how economics works, how the stocks markets work, how they trend.
Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research then that is your big goal.
There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.
Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy The Attention

To be successful you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.
Never be embarrassed to get your name out there.
That means finding a spotlight and being brave enough to step right up underneath it.
If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.
Above all remember, you control your own destiny. Push hard enough for anything and you’ll get it. 

How to develop a millionaire mindset?

What’s the main thing that separates the rich from the poor? Ask any of the financially free people, and they will tell you the same: their mindset.

 As surprising as it seems, rarely any millionaire will tell you that their wealth comes from a great contract they nailed, or an investor they met on their way.

What most rich people point as the key to their success is a millionaire mindset.
What?
Yes. A millionaire mindset. Rich people mastered one very important skill and it is to make their mind work for them.

Magda Kay with Rob Riopel

Our mind has one goal only and it is our survival. This is why it will fight to protect the status quo. Anything that is out of the ordinary is a potential threat and so it will try to pull you back and keep you where you’re now. The problem with it is that it keeps you away from new opportunities, learning and growing – all the essential parts of becoming rich.
So what can you do to develop a Millionaire Mindset?

7 ways to develop a Millionaire Mindset

1. Focus on what you want, not on what you don’t want

Did you know that when you call somebody on the phone, they miss about 6 first seconds of what you say?
Or when you enter the aisle in a shop, you don’t notice the first meter of shelves on your side?
It’s just how our senses work. We need a bit of time to adjust and start noticing and registering things.
Let me come back to that in a bit.
Ask any rich and successful man, and they will tell you about the power of positive thinking and visualisation. They will tell you that you need to get clarity on what you want, and by doing so, you will start attracting all those things to your life.
But here is a little trick. When you do it, you need to frame your dreams in a positive way. If you frame it in a negative way, you’re going to attract the opposite.
Why? Because “don’t” and “not” are like those first 6 seconds of your call phone, or the first meter in a shop. They just don’t get noticed.
So if your goal is to stay employed in times of crisis and lay offs, you need to keep thinking “I want to keep my job”, rather than “I don’t want to lose my job”. With “don’t” being unnoticed, you wish turns into…” I want to lose my job” – and that’s what you’re going to attract.

2. Find a mentor

And then copy them. Yes, copy. Don’t try to reinvent the wheel. Too often we think to ourselves: “Oh, I can do it better. I’m gonna do it my way”. And then you try and… you fail.
If there is already a proven recipe for success, just copy-paste it! And if you still want to do things your way, then do it later – after you become successful.
For now find somebody who inspires you. if you can, get in touch with them. See if you can get mentored by them. If not, then read their biography, follow their trainings, videos, articles and any other content they give away.

3. Don’t let your ego control you

In many times we let our ego take over control of our behavior. Whenever somebody hurts us, whenever we hear “no” to our request, whenever we get rejected. We start activating to protect our ego, we become proud. The problem with that, is what our ego wants at such moments is rarely what’s good for you in the long run.
Imagine, for example, you found a person you want to mentor you. Excited and confident you approach them and ask them if they will coach you. And they say “no”. No explanation, just a harsh “no”.
How would you react? “Fine, than no! You’re gonna regret it, you’ll see! I’ll find a better mentor than you”
Yes, that will protect your ego, but is it gonna help you? If this person really has a lot to teach you, and for whatever reason they don’t (or can’t) mentor you, then create your own reality in which you’ll still be able to learn from them. Allow your pride to feel a bit hurt. It’s about something much more important here. It’s about you and your future success.

4. Treat yourself like your best friend

Have you noticed how you talk to yourself?
Be honest, if your best friend talked to you like you talk to yourself, you wouldn’t be friends! We’re often rude to ourselves, demotivating, holding back. That’s not the way to treat other people, so why would you treat yourself like that?
Here is how to change it. Next time you hit the low, imagine that it’s your best friend feeling that (or your boyfriend/girlfriend or a spouse). What would you tell them? Now say the same thing to yourself.

5. There are no small successes

We all have big goals, and once we achieve them, we feel like accomplishing a great success. We feel pride, happy and satisfied.
But what about everything on the way? What about when you got a taxi without waiting? Or when you got upgraded to 1st class for free? Or when you won a few dollars in the lottery?
These are successes as well. There is no such a thing as a small success or big success. There are no successes that are worth celebrating and those that are not.
Every success if yours counts, all success are big and they all should be celebrated! The size doesn’t matter. Welcome small success and you’ll notice how your day turn into one big continuous success.

6. The only time you grow is when you feel uncomfortable

You now know that your mind likes to keep things the way they are. But, if you keep doing the same things, you’re gonna have the same things. If you want to change what you have, then you gonna try something else.
There is great quote from T. Harv Ecker:

If you want to change the fruits, you have to change the roots.

You have to get outside of your comfort zone to make changes. If you’re not fully satisfied with what you have now in your life, than change something! Go out there and put yourself in situations when you feel uncomfortable. This is the only way to grow and learn.
Next time you feel that clutching feeling in your stomach, think to yourself: “I’m learning! I’m becoming a better person. I’m moving towards becoming richer and more successful.”
Rather than fear and fight discomfort, embrace it.

7. Stop over-planning, just do

We sometimes think ourselves of success. We want to do something, and then we get to planning and we plan, we plan, and.. we plan. In other words: we over-plan.
Here is a 3-step suggestion for you.
Ready? Fire! Aim
Yes. Fire. Then aim. We spend too much time aiming, and we never fire. If you ever tried shooting (and if you haven’t, do, it’s a lot of fun!), then you know that the longer you aim, the more shaky your hand becomes.
Rather than that, what you want to do is put your hands up fast, give a fast look at your target, and boom, fire! Any more than that and you know you’re gonna miss.

Conclusions

Being successful is a matter of our mindset. In an easy way you can have a millionaire mindset, too. Just follow what other rich people do!