The Top 3 Wealthy Mindset Secrets of Millionaires
By Mia Fox
Author, Money Mindset & Manifestation Coach
You probably admire the lifestyle of the millionaire entrepreneurs you watch on TV or read about in Forbes, and you may even desire to be like them. You are not alone.
Many people dream of being rich and leaving their unfulfilling 9-5 jobs and go after something bigger.
However, only a few actually do. Most fear to fail, and the risk they have to take first, especially the financial risks. So for most people, it only remains a dream.
Have you ever wondered why this is? What separates the truly wealthy individuals from the poor? The millionaire secrets are not as mysterious as most people might think.
If you ask any self-made millionaire, they will give you the same few answers. And it all begins and ends with your mindset. Wealthy people think just differently.
Over time, they set their minds to achieving financial wealth. If you want to create more wealth and become a millionaire too, you have to learn to think like one.
Sure, there are people who were lucky to be born into a rich family and have it usually easier in life.
However, for those of us who don't have such a leg-up in life, achieving financial freedom can be incredibly challenging. Still, the single most important thing you can do is to focus on developing a wealthy mindset.
And everyone can do this; it is your decision how you want to think and feel.
Without a wealthy mindset, it is highly unlikely that you will be able to get yourself out of the current financial situation, and up to the next level.
So, how do you develop a wealthy mindset and build more wealth?
Don't worry. I'm going to show you the wealthy mindset secrets of a self-made millionaire, that will help improve your life. Without further ado, let's dive right in.
3 Wealthy Mindsets of Self-Made Millionaires
Here are the top 3 wealthy mindset secrets of millionaires:
Belief in Yourself & in Your Wealth
Having a positive mindset is a key component of the wealthy mindset secrets. You are what you think. Millionaires keep a strong belief in themselves and their ability to find a pathway to success.
They understand that they are in control of their life and can make it better. On the other hand, unsuccessful people believe that life happens to them.
That's the reason they will always be complaining and blame everyone and everything else for their situation except themselves.
This negative mindset is not really nurtured your growth mindset; you just keep doing what you always did. You are stuck.
To achieve the kind of financial independence you've always dreamt about, you first need to believe you can. It's not going to be a smooth ride, especially not when you lived a totally different money story for a long time.
However, your belief should be able to withstand all the challenges you will inevitably face along the way. A wealthy mindset demands that we rely on something greater than our present emotions.
This means you will be stepping into the unknown, which may trigger a nagging fear and doubt. You shouldn't let such emotions stop you.
Wealthy people act in spite of fear. They take the first step and learn as they go. Most unsuccessful people would rather not do anything at all.
Even when you fail, you should never let the failure make you doubt yourself or quit. Instead, you should use the failure as a stepping stone to success.
Sel-Made millionaires love challenges and look to learn from their failures.
Set the Right Goals
Apart from winning the lottery, it's almost impossible to become a millionaire overnight.
However, wealthy people never depend on luck. They set firm goals and determine how to achieve them.
Most great fortunes in the world are built slowly. To achieve anything worthwhile, you first need to have a clear vision of what you want. Next, you need to figure out the necessary steps to achieve it.
If you aspire to be wealthy, goal setting is not an option. If you become wealthy, what will the money do for you? What positive impact do you want to have? What are the consequences of not achieving it?
These are the kind of questions you need to be asking yourself. Anything worth achieving is not going to come easy.
Most people give up at the first sign of strain. However, when you are clear on your "why," you will be motivated to do carry on even when times get tough.
Most great entrepreneurs have very big goals. They are clear on the legacy they want to build and how they want to reach there. This inspires them to take massive action daily and even do what is uncomfortable.
Eventually, they experience rapid growth.
It would be hard to focus and work towards securing your financial future without clear goals. Plan for your financial future with both short-term and long-term goals.
The goals should be specific and time-bound. How much income do you want to make in one month, in the first year, and in the next five years?
Then decide how you are going to make this possible.
It's also important to set big goals. If you aim for the stars and fail, you will still be over the moon. You should never be ashamed of not achieving a big goal.
Also, make sure you never lose sight of your goals. One way to keep your focus is to surround yourself with like-minded people.
So forget about smart goals or similar, when you want to become a self-made millionaire, you will need goals that spark a real fire in you, that will motivate you to take massive action.
Btw. I have a goal-setting workbook that guides you through my goal-setting process and shows you the three types of goals you should concentrate on.
Click here to get the workbook: Goal Setting Transformational Workbook & Goal Planner
Investing is also one of the important wealthy mindset secrets to focus on.
You may be making a lot of money each month. However, if you spend all of it, it is likely that you will have to work for the rest of your life.
Millionaires tend to focus on saving their money and making smart investments. In fact, you will be surprised that most self-made millionaires are usually very frugal people.
They tend to be conservative with their spending and never indulge in fancy toys; they don't even need it.
They aren't out there buying designer clothes, expensive watches, and gadgets they don't need. Most of them had to buy used cars before they could afford the expensive cars they drive now.
This is because they know the power of saving and investing, especially investing back in your business.
They also reinvest what they get from their investments and build their wealth over time. If you dream of being your own boss and quitting your 9-5 job, you will need to make money work for you.
This money mindset is what makes the rich even richer. It's only the poor that focus on working more to get more money.
It doesn't matter how much you are earning. Everyone should be saving about a tenth of their monthly income.
If you can, save even more. Don't get into the habit of borrowing money either. Your focus should be to gain more assets and avoid liabilities.
Don't use your money to buy luxury stuff which you don't even need. You could invest it in the stock market, real estate, or even use it to start a side business.
You may have to make sacrifices to achieve financial success. If you get a pay raise, rather than going on a vacation, you could save the extra money and invest it.
And most importantly, you need to invest in yourself. You should invest in your education, in your personal development and of course, also your health. In a few years, you will be glad you did it.
Check out my personal growth, manifesting and goal-setting books and workbooks, if you think the time is right to invest in yourself. Just visit my shop here!
The Bottom Line
Being wealthy is a matter of your mindset. A wealthy mindset is what most millionaires attribute to as the key to their success.
Before you actually become rich, you have to think like someone who is already rich.
If you take your time to learn the wealthy mindset secrets and develop them, you will be surprised at how exponentially your income can grow.
The right belief and money mindset, setting big goals, and focus on investing, are the top three wealthy mindset secrets that show you the psychology of the rich.
Adopting them can move you closer to the financial freedom you are looking for. However, it's not going to happen overnight. The trick is to be consistent and patient. And put in the work.
It is really worth it!
Author, Certified Transformational Trainer, NLP & Mindset Coach
Hey there! I am Mia Fox, author, money mindset coach, and the founder of the SelfMadeLadies online community, where I inspire women like YOU to turn their dreams into goals and crush them! My manifesting and money mindset books, blog, and online coaching programs will help you to create your own inner coach and transform your life, the way you always wanted it to be! And now it's your turn! Here is how I can help you » Shop My Books!
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