link3087 link3088 link3089 link3090 link3091 link3092 link3093 link3094 link3095 link3096 link3097 link3098 link3099 link3100 link3101 link3102 link3103 link3104 link3105 link3106 link3107 link3108 link3109 link3110 link3111 link3112 link3113 link3114 link3115 link3116 link3117 link3118 link3119 link3120 link3121 link3122 link3123 link3124 link3125 link3126 link3127 link3128 link3129 link3130 link3131 link3132 link3133 link3134 link3135 link3136 link3137 link3138 link3139 link3140 link3141 link3142 link3143 link3144 link3145 link3146 link3147 link3148 link3149 link3150 link3151 link3152 link3153 link3154 link3155 link3156 link3157 link3158 link3159 link3160 link3161 link3162 link3163 link3164 link3165 link3166 link3167 link3168 link3169 link3170 link3171 link3172 link3173 link3174 link3175 link3176 link3177 link3178 link3179 link3180 link3181 link3182 link3183 link3184 link3185 link3186 link3187 link3188 link3189 link3190 link3191 link3192 link3193 link3194 link3195 link3196 link3197 link3198 link3199 link3200 link3201 link3202 link3203 link3204 link3205 link3206 link3207 link3208 link3209 link3210 link3211 link3212 link3213 link3214 link3215 link3216 link3217 link3218 link3219 link3220 link3221 link3222 link3223 link3224 link3225 link3226 link3227 link3228 link3229 link3230 link3231 link3232 link3233

Tag: Millionaire Mindset

Millionaire Mindset: The Way You Think, Wealth or Poverty.

Millionaire Mindset: The Way You Think, Wealth or Poverty.

“Today, you have the opportunity to transcend from a disempowered mindset of existence to an empowered reality of purpose-driven living. Today is a new day that has been handed to you for shaping. You have the tools, now get out there and create a masterpiece.”
― Steve Maraboli, The Power of One

Being a successful entrepreneur is one of your goals; however, before it can be achieved belief in your success begins 6-inches between your ears; otherwise, a few defeats will yield a self-defeating mentality and confirm your inevitable arrival in the MLM Cemetery.  In essence, “The Way You Think” is critical to your ability to generate consistent, predictable and long-term residual income.  More Importantly, your mindset is core to the life you ultimately build and this means no excuses because the outcome is put squarely in your hands so, what do you do now?

Now, winners who think positively and achieve their goals, possess or develop what is commonly known as a Champion or Millionaire Mindset.  Now what role does a Millionaire Mindset play in entrepreneurship, business, home business or life?  Millionaire Mindset is “a way of thinking and acting that invites and maintains an overflow of abundance; a special way of relating to money in a way that attracts it to you”.  I highly recommend the book, Money Is My Friend by Phil Laut.  Yes, people obsess about money but, it’s only a tool and it’s about thought.  So, how does one develop a Millionaire Mindset?  SOLUTION is quite simple and that involves

being trained by a multi-millionaire, who believes in success development.  Okay, don’t have access to your local multi-millionaire then, follow a skill-model who has proven or demonstrated daily habits he/she are on the road to prosperity.  When you think like a winner and execute habits that ensure future success then, the outcome is predictable because you think the way you feel.  So, it’s safe to say, that entrepreneurs and/or successful businessmen like Steve Jobs, Bill Gates and countless others don’t embrace self-limiting belief practices nor engage in conduct that would reinforce a destructive mindset that is repeated by the working poor and middle-class on a daily basis (consistently having more bills at the end of the month than money or living pay cheque to pay cheque).  When you set limits to your potential then, “you’re just another ham and egger”…..Bobby “The Brain” Heenan. 

Millionaire Mindset is critical not just to the average Joe and Jane but, especially to business as indicated by the 50% failure rate within the first 5-years of existence.  Believe it or not many CEO’s contribute to the failure of their company due to their resistance to better innovation processes that would enhance the production, efficiency and quality, while driving down costs of a product or service.  Seems anti-capitalist but, this is certainly true in technology/Internet based companies.  Unfortunately, political correctness or just plain FEAR has negatively impacted the greater society and businesses/entrepreneurs are not exempt.  It seems Economic Darwinism will identify the winners and losers in the greatest sport in the World known as business.  Those who make the necessary adjustment in relations to changing market conditions (Inbound Marketing) and more importantly, satisfying their customers increase their odds of success, while those entrenched in old methods of production (Outbound Marketing) despite a changing market and fail to listen will eventually, become another stat.  Keep an open mind or suffer the consequences.               

As consumers become more sophisticated business owners have become or forced to recognise they must cater to the interests of their target market.  This is why Inbound Marketing is rapidly becoming the norm because it’s about connecting with the internal needs of the customer by bringing value and earning the right to occupy their time.  So, are you embracing and internalising inbound marketing in your daily interactions or you more the outbound marketer where it’s more superficial and no real work on the inside?  This question is critical because it circle backs to the way wealthy people think versus those who are working-poor or middle class.  Want real success in anything then, it starts working on the internal you and this is why Inbound Marketing must become your standard method of thinking and execution in business.  Below, I have provided a few examples of how the wealthy are Inbound Thinkers and the related benefits.     

       

The Millionaire Mindset: 6 Mistakes The Rich Never Make:

  • It’s a Matter of Control, "The primary difference between the wealthy and the rest of us is that they're in control of their money — they don't let money control them," says Jaime Tardy, a business coach and author of "The Eventual Millionaire," who has interviewed more than 150 millionaires on how they accumulated their wealth.  “If you approach your finances from a place of fear or ignorance, you'll be like a boat floating around the ocean without a motor."
  • You Refuse to Face Facts, in the immortal words of Foghorn-Leghorn, “figures, don’t lie” and the wealthy know this as gospel, which explains why they invest the time in learning and scrutinizing their financial portfolio.  The attitude is that every financial transaction needs to be recorded and determined by its financial implication.

    You Overspend, credit card debt epitomizes the bad habit of over spending on products/services you cannot afford.  "Millionaires aren't out there buying Lamborghinis," Tardy says. "They make purchasing decisions based on their current financial status and their goals. They're rich because they're good at keeping money — not spending it.

    You Neglect to Adjust Your Finances Following a Big Life Event, when you tie the noose (get married) or suffer the death of a parent then, your finances will be impacted.  "Successful people understand that every transition you go through has a financial implication — and they make sure to build a plan for those turning points," says Pete Bush, a certified financial planner with Horizon Wealth Management in Baton Rouge, Louisiana.

    You Waste Cash on Fees, late fees, service fees and miscellaneous costs that can be avoided if, you are diligent in maintaining your bills. 

    You Focus on Saving More — But Not Earning More, Millionaires aren't in the business of wasting money, but they also recognize the greater importance of earning additional income as a way to attain financial goals faster. "[Wealthy people] understand that while there is a limit on how much you can save, there is no limit to how much you can make," Tardy says.          

    You Obsess Over Price- — and Sacrifice Value, "Wealthy people understand that the cheapest route isn't always the most valuable," Bush says. "They are able to take the long view and consider how what they pay today compares with the worth over time."

    I invite you to examine our information.  After all, true Economic Independence begins with a MINDSET that embraces and most importantly, believes in Personal Development and avoids Governmental Dependence because it OFTEN limits Growth.

    Vaurn James

    Contributor

     

Alan Zibluk Markethive Founding Member