The Millionaire's Mindsets And Habits

If you observe genuinely rich and wealthy people, you will notice that truly wealthy people share and adopt similar mindsets and habits.

When I refer to millionaires or wealthy people, I am not to referring people who have large amounts of money in their bank account or people who have amassed large fortunes or assets.

I am referring to people who possess the millionaire's mindsets and habits. These mindsets and habits can be said to be more invaluable than any current assets or fortune.

They are the reason why and how rich and wealthy people are able to create the wealth they have now. It does not matter where you are starting from. You can be a millionaire now or you could be having nothing to your name at the moment.

Having acquired the millionaire's mindsets and habits, creating wealth is simply an everyday thing, a part of life, not something you struggle to attain.

The question is, have you acquired these mindsets and habits?

Introducing you to the...

MILLIONAIRE'S MINDSET

Millionaires Take 100% Responsibility for their:

  • Emotions
  • Communication
  • Results
  • Wealth

Millionaires believe: For Things to Change, I Must Change First

Here's the opposite mindset of a millionaire:

VICTIM MINDSET

Here's what victims do:

  • Give EXCUSES
  • BLAME Everyone Else
  • Go into DENIAL
  • COMPLAIN All the Time
  • JUSTIFY their Actions

Are you playing ABOVE or BELOW the Line? You decide which category you fall in. No one but only you can decide for yourself

Next we come to HABITS.

What do habits have to do with wealth creation and becoming wealthy you may ask? Let me be honest and upfront with you right now. Being rich & wealthy is a process; it is actually a journey filled with a set of principles. That is where this sets of habits come into place. If you cannot even master these 10 habits, forget about becoming wealthy. It could be too arduous and tiring for you.

Here are the 10 wealth habits

  1. Do More Than Expected
  2. Be Proactive - Make things happen
  3. Delayed Gratification - Invest more than you spend
  4. Do What You Love
  5. Constant and Never Ending Improvement
  6. Make it a Must - Put Yourself On The Line
  7. Have Integrity
  8. Have Discipline - Stick To Your Rules
  9. Play Win-Win
  10. Turn Failure into Feedback

Make these mindsets and habits a part of yourself. In this way you are in fact investing in yourself. When you start investing in yourself, you will begin to expand. Through self improvement and expansion, these internal resources will enable you to generate the riches and abundance in life.

Wei Chung Kay is an entrepreneur, content creator and marketer of web content and information. For the individual seeking financial freedom and abundance, Get the Secrets Of Self Made Millionaires Wealth Creation Program Today!

Sunday, December 28, 2008

How One Person Can Become A Millionaire And The Other Not

Have you been seeking how to become a millionaire, but just can't seem to find the answer? The truth of the matter is that becoming a millionaire is really not that difficult in principle, no matter your income level. So what makes one person become a millionaire over another?

How you actually go about obtaining wealth and accumulating money is the easy part. The more difficult aspect is learning how to create a millionaire mindset, and then take action. Before we go there, let's break down some of the fundamental rules that guarantees that you can become a millionaire.

1. Invest wisely. Anyone can invest and get average returns on their money, and that's all it takes, so don't take too much risk trying to beat the market when you don't need to. If you settle for the average 10 percent returns that the U.S. stock market offers, you will double your money every 7 years. That's the power of compound interest at work for you.

2. Keep debt to a minimum, otherwise the money you invest is just a wash. Chances are the monthly percentage rate you are paying on your credit card is far greater than the returns you can realistically achieve through an investment.

3. Live within your means. By doing so, you'll have money to set aside into your investment fund, and therefore can allow money to get to work for you.

Pretty simple right? That's all it really takes. In fact, if you were to set aside just 20 a day, you would become a millionaire in 25 years. That's how significant compound interest and long-term investing is to making you become a millionaire.

This brings us to the millionaire mindset. The fundamental concepts to obtain wealth and become a millionaire are not difficult to understand or do, but having the ability to do this over a lifetime requires patience, an ability to see the big picture and developing millionaire money habits.

Learn the wealth creation strategies of the rich and reach your financial goals. Visit Millionaire Money Habits at http://www.mmhabits.com A free gift will show you how to become a millionaire.

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