It’s All About Having The Right Mindset

Imagine you took 5 regular working class people, and gave each one of them a million dollars to spend or invest however they like. What do you think they would do with it?

If we checked up on those same 5 people in 5 years, I guarantee you almost every one of them would have spent almost all of that money.

Now what if we did the opposite? Imagine you took 5 first generation millionaires, meaning they made it for themselves, and you made them start over again with no connections or money. What do you think would happen to them?

If we checked up on them 5 years later, I guarantee you that almost every one of those first generation millionaires would either be a millionaire again, or close to becoming a millionaire again.

Why? Because it’s all about mindset.

Having the right or wrong mindset when it comes to wealth creation is what separates the financially independent from everybody else.

Having the wrong mindset is the reason why every lottery winner goes broke after 3 to 5 years of winning the lottery.

So what makes those who are financially independent different from those who are not?

Well those who are self made just look at money differently. They have different ideas about earning, saving, spending, and investing. They don’t view money as the thing that controls their lives. Instead, they view money as a tool to build the kind of life they want to live.

That’s the secret to becoming financially well off. It has nothing to do with where you live, what you learned in school, or your current bank account. But it has everything to do with your mindset toward money, wealth, and your future.

Unfortunately, most people have an unhealthy relationship with money, which is usually the result of being taught so many false ideas about it.

In order to change your life financially, you need to change the way you think, feel, and act about money.

Here are some key beliefs the most successful people in the world have:

1) In a free-market economy, anyone can make as much money as they want.

2) Your background, highest level of education, or IQ is irrelevant when it comes to earning money.

3) The fastest way to make money is to solve a problem. The bigger the problem you solve, the more money you make.

4) Stop worrying about running out of money and focus on how to make more.

5) Start seeing money for all the good things it can bring: Freedom, opportunity, possibility, and abundance.

6) Don’t wait for your ship to come in. You’re not going to be discovered, saved, or made rich by an outside force. If you want a lot of money, build your own ship. No one is coming to the rescue.

Maybe you don’t have the wealth creating mindset yet, which is fine. No one ever does at first. It takes time and discipline to rewire your brain.

However, the path to financial independence starts out with a decision, a decision to want to learn to view money properly, which is entirely in your control.

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6 thoughts on “It’s All About Having The Right Mindset

  1. to build toward the future you might also want to rethink your current life style. Do you really need to spend what you do on wants rather than needs? Do you really need that flashy car that has high insurance and payments. Do you really need to have so many shoes or cloths in your closet. These things seem simple but if you payed of your bills and invested what you saved on these items and be patient and remember you are investing in your future. In our case when we were dating we went out to eat 3 or 4 times a week and spent almost $800 a month dining out. Cut it to once a week and invested the $500 a month instead. After 35 years you can imagine how that adds up!

    Liked by 2 people

  2. Vincent great post. Everything is mindset ,or as i like to it all starts with a thought. What i find painful is that people live for the day only and dont want think further… meaning stubbornly dont want to plan or doing anythung…they say thats living in the present.

    I agree with this post. However i do have to say , some people are stubborn and dont want let go of their stubborness. Though everyone can make money but not all want too…it is a choice. Rather it should come to them

    Like

  3. I am sincerely curious to know, what you would say about people in the slums in Africa and making a ton of money. I have asked myself this question multiple times, and now I see you writing about it, I’m curious to know what you think.

    Liked by 1 person

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