Mindset of a Millionaire

There have been endless articles written about the “mindset of a millionaire.” I could just spend weeks researching all the theories, reading all the success stories, and getting all fired up about the endless possibilities. So what exactly is this quality, and why is it so heavily sought after?

Actually the concept is incredibly simple. There are seven easy-to-follow steps – the ingredients you need to have the recipe for success. The instability of the economy has caused many to lose their jobs in corporate America and start their own home businesses. It does not matter about your background, your education, your career or your starting point on the entrepreneurial ladder. What matters is that you start somewhere. If you decide follow these steps to achieve the millionaire mindset you will surely set yourself on the path to riches.

1. Self-Belief
It’s not so much about having the potential, what sets people apart is the belief in oneself to achieve greatness. You can achieve this by telling yourself you can do it. Write it on a post-it note, write it on the wall, do whatever it takes to keep reminding yourself - and never stop believing it.

2. The Idea
When you start with an idea, a dream, or a vision. You need to write it down and not just think about it.

3. Make a Plan
What good is a plan if you don’t set goals? Short-term goals are steps you take by the end of the day or the end of the week. Medium term goals and long term goals need also to be a part of the equation and should be specific and realistic. It’s best to write them down and devised a timeframe to accomplish them. It’s crucial to review them on a regular basis. Many small steps equate to big successes.

4. Take Action
Many think that developing your millionaire mindset is about reading, learning, or goal setting. Rather, taking action and jumping in, and get your hands dirty are practical suggestions. Over the years you may have met many people who think about becoming rich. They toss around ideas but then fail to follow through with solid, tangible action. If you make an honest effort to apply them you will give 1% each day you will be living life at a very different level, 100 days from now. Every day your actions will move you in the right direction – towards your goals.

5. Failure is not an option
Remember the old adage "If at first you don’t succeed try, try again". In working towards your goals you are likely to encounter failure, setbacks, disappointment and rejection. What are the secrets to having the millionaire mindset? Those with the “mindset” take a look at the setbacks, and learn from them. But they also get back on their feet again. The millionaire mindset is a positive mindset. What goes without saying: to achieve this mindset you must first believe in yourself. You have the right to be successful.

6. Passion
Do you know what will drive you to achieve greatness? Passion! Passion for your product, for your business, for your idea and for the path you are on. When you change your situation, it will change your life. It’s not about having that 9-5 grind, or even about working to live, or being in a dull job, day in and day out in the office. When YOU take control of your destiny and believe it, get excited about it, you will feel the passion!

7. Grow and Learn
The secret to those who have the millionaire mindset is that they associate with others who have the same mindset… the ones who are on the same road to riches that they are. People who are open to ideas, suggestions and feedback are the ones you’ll best learn from. There are many who have come before you and are willing to share their success.

Have you got what it takes?