The Millionaire Mindset

Do you have a millionaire mindset? Ok,Guest Posting maybe you don’t want a million or think that’s too high a goal. That’s ok. The purpose of this article is to get you thinking about the way you think about money.

Here are some facts about millionaires from researcher Thomas Stanley of the Millionaire Next Door and the Millionaire Mind:

Millionaires say that the foundation of their financial success is to be in integrity ‘being honest with all people; practicing discipline/self-control; having social skills and the ability to get along with people; hard work ‘more than most people; and a supportive ddf duty free spouse. Well, you might not have the supportive spouse right now, but don’t worry, you can control the other four factors and reach financial success.

1/3 of millionaires are business owners or entrepreneurs. They have courage to take financial risk but are not gamblers. The kind of risk they take is related to choices of their occupation or vocation. Being self employed has the risk of no employer backing you up and if you fail to deliver what the market demands, you may be out of business. Just the same, those with millionaire mindsets think it is risky not to be self-employed. And I agree! Being self-employed allows you to be in control of your own destiny. Profits are your own and there is no one stopping you from making as much as you’d like.

Millionaires focus on success, not failure. They practice believing in themselves and persistent attention to their work. The words of Napoleon Hill “Think and Grow Rich” are still true today. They develop an understanding of their strengths and limitations and hire others to do the things they are not best at. They have an abundance of common sense. And here’s a key point ‘they choose work that they love.

Financially independent people have no difficulty focusing on their goals and working at high levels of productivity because they love their work and are excited by it every day. They know their chosen work allows them to fully use their strengths; they get self-esteem from their work and they are absolutely certain that their work will make them financially independent one day. Now, please note that many millionaires had several other jobs before finding their ideal one. And you probably will too. One of my mentors was fired from his first five jobs before finding his passion and fortune in real estate!