How The Mind Of A Millionaire Works
1. Millionaires understand some goals take significantly longer than first thought. They overcome the challenge and carry on. Most people either procrastinate, or just give up.
Fast forward 3 weeks – is it so hard to follow through on this commitment to myself. Wait, what went wrong here?
Surprisingly, the problem isn’t your motivation! All the goal setting, planning, coaching, support, cheering, encouragement, and positive thinking in the world buy itself is not enough to reach your goals.
What’s the problem? Read the article below
Psychological research has shown that people who are able to create healthy habits don’t have more discipline, they have more self-compassion. Instead of beating themselves up for not being perfect every time, they ask how things could have gone differently. This takes them out of “I’m a lazy loser” mode and into problem-solving mode. Instead of thinking “I should have just dragged my tired butt out of bed and forced myself to go to the gym,” they think, “I was really tired today and it caused me to oversleep. I should try to get to bed earlier next time. Is that realistic?” They don’t see the situation as a problem with themselves; they see it as a puzzle to be figured out.
I call this a Problem-Solving Mindset. The Problem-Solving Mindset is powerful because it takes emotions out of the equation and forces you to address the reality of the situation. Rather than judging yourself for being lazy, you can acknowledge that you were tired and ask why.
Maybe you didn’t get enough sleep or have too many demands on you at work. What can you do so that you can feel well-rested when you wake up in the morning? You have self-compassion by acknowledging that oversleeping is a consequence of being tired and that being tired is normal when you don’t get enough restful sleep. Oversleeping doesn’t make you lazy; it means you need to figure out how to give yourself the fuel and rest you need to function at your best.
Instead of being harsh on yourself and performing worse under the pressure, you must take care of yourself so that you can perform better. There’s no value in beating yourself up. If your best friend or child were struggling with a similar situation, would you just assume they’re hopeless and give up on them? Of course not. You would be kind, listen to their concerns, do your best to point out the positives, and steer them toward the answer. You must treat yourself with the same dignity. Not only do you deserve it, it’s also the only way to solve your problem.
The healthiest people practice self-compassion when something they wanted to accomplish doesn’t go the way they’d hoped. This gives them the mental clarity and emotional distance to adopt the Problem-Solving Mindset and have the best shot at getting it right the next time.
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In the US today, 1 of every 25 households have $1 million or more. In fact, 920,000 millionaires were minted globally in 2014, which is a 7% growth rate in one year! The vast majority of this club are first generation wealth, and not inherited.
This group of people is very diverse, and besides their wealth accumulation, has very little in common in terms of age, backgrounds, areas of specialization, intelligence, etc.
One of the few things they actually do have in common (which most people do not) is a set of beliefs about themselves. These folks have broken through their own self-limiting doubts and worries to achieve their financial goals.
The article below is one of many similar ones written by a self-made millionaire, and you’ll learn why the most difficult barrier you’ll ever have in achieving the wealth you desire is your own self-limiting beliefs.
Read below, and share what you think!
I’ve made millions by trading penny stocks and teaching my students how to do the same, but what a lot of people don’t know about me is that I was a philosophy major in college.
If I hadn’t been willing to break through the fixed beliefs everyone was trying to sell me, I’d probably be flipping burgers today like so many other philosophy majors out there.
So that’s what I challenge you to think about today… What beliefs do you hold as reality that might not be true at all?
Do you think that it’s too late for you to be a millionaire? It’s not. Age doesn’t matter. You can absolutely still achieve success if you’re willing to work hard and recognize you need a different approach to turn a small portfolio into a wealthy account.
Do you think that you had to be born into your millions? You don’t. I come from a middle class background in Connecticut (not even the nice part). My parents aren’t wealthy, and I don’t have any kind of inheritance to fall back on. Everything I’ve earned, I’ve earned myself. You can do the same if you’re serious about becoming a millionaire.
Do you think you’re too stupid to be a millionaire? You’re not. Millionaires aren’t all nerdy Bill Gates types. More often than not, they’re people who figured out a system for building wealth and worked that system, day-in and day-out, without thinking too much about how or why it works. I’m not a genius, and I’m far from the smartest person hanging out on my forums. Believe me when I say that if I can do it, so can you.
Those are just three examples. Maybe you fall into them, maybe you don’t. If you don’t, there are probably other self-limiting thoughts that are holding you back from your financial future that you need to weed out and eliminate.
To get started, think about the wealthiest person you know, whether that’s me or somebody else in your life. If you catch yourself thinking, “I could never do what they’ve done,” ask yourself why. Really dig down. What makes you think you aren’t capable of doing the same thing? Then, explore why you think those things. Are they actually good reasons, or are they things you’ve told yourself for so long that you’ve turned them into your reality?
I’d be willing to bet that your reasons aren’t reasons at all — they’re excuses. Make it your mission to find them and destroy them. Join the rest of us who have escaped the cave and banished the self-imposed limitations that would have otherwise kept us from becoming wealthy.
What’s one self-inflicted belief you have that’s holding you back?
Article thanks to Timothy Sykes at entrepreneur.com
Bob Proctor is a legendary motivation expert and teacher of the Law of Attraction. Here, he fires up his artistic skills, and discusses how to get the Law of Attraction working for you rather than against you.
After watching this, you will understand why just setting goals, vision boards, and thinking positively alone doesn’t “cut the mustard” when it comes to actual results. You need the shift that he explains to successfully reach your goals.
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Watch and share with someone who need to understand this!
Leah Church plays for the high school basketball team Winston Salem Stealers in North Carolina. Her goal ever since she was little, is to play Division I college basketball, and after that go into coaching one day.
Although she is just 15 baskets shy of the record set last year by fellow high schooler Josh Ruggles, (who hit 135 three-pointers in five minutes in 2013), she’s not giving up on beating the record.
This is an outstanding example of staying focused on your goals, and to keep getting incrementally better until you reach them. Do you have any doubt that she will reach her goals? If she can, why can’t you!
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Check out this video shot by her mom, (her dad is rebounding).