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I wanna be a millionaire (billionaire), so freaking bad. Buy
all of the things I never had. I wanna be on the cover of Forbes magazine. Smiling
next to Oprah and the Queen. Ok enough of Bruno Mars and the singing. Let’s
proceed with the post at hand.
We often wonder why some people are rich and why we are
average. In spite of our efforts and sacrifices, we always fell short. Others
on the other hand have their easy way around to becoming a millionaire. And we
always thought that we can do more and we can do better, but why?
Becoming a millionaire does not only involve having the
money and the effort to make it big. It still boils down to perspective. And most
known millionaires and even billionaires that we have today think of these ways
before they reach that status. And today, we would be able to know five
powerful perspectives they incorporated making them different from the others. We
are going to look deep into their mind to identify their inner game plan with
regards to wealth. With that we would be able to adopt such perspective to
ourselves and be as financially successful as them.
Millionaires are committed to be rich
We all want to be rich right? However, millionaires are
committed to being one. There is a big difference between the two perspectives.
The want is simply an ambition to look forward in the future whereas committed
involves working for it to realize the dream. Millionaire people know that they
want to become rich. That is why they pour in their energy and resources for
it. They give 100% to it without ifs and buts. They are fully and totally
committed to become one. Whereas many of
us just like to daydream what would it be like being rich. We love the idea of
being one however we fall short in terms of effort and our level of commitment.
The rich ones on the other hand are channelling their time and their efforts.
Millionaires are focused on opportunities
Successful entrepreneurs become one simply because they were
able to tap an opportunity and a market. Take for instance when planning on a
business. Rich people tend to see the opportunity hence they will be able to
easily create the business. The others on the other hand are more focused on
problems and obstacles. Even before doing it, fear is in front of them. We can’t
seem to move an inch because of the fear of disappointment, the fear of loss
and the fear of failure. But hey you wouldn’t know right if you haven’t started
it? Millionaires tend to take risk because they are confident with their
capabilities. No wonder they make it big. They are more geared towards
opportunities than obstacles and fears.
Millionaires are optimistic
Know the great Warren Buffet? When the US stocks plummeted
years ago because of the recession he was very optimistic with his stocks. Many
individuals were scared at this point in time that is why they withdraw their
money and ended up with a huge lost on their end. However, Buffet bought stocks
instead of selling his stocks. After all the prices during that time are so
low. And now that the US economy is back on its track, simply imagine the gains
Buffet has right now. Millionaires are optimistic. They exude this very
positive outlook in life. We often cannot see where such optimism is coming
from. They always look forward to the good things and expect good things too.
Millionaires are frugal
Believe it or not in spite of their money, millionaires are
frugal. True they might have a lot to offer in the table but they chose to save
their wealth and their money and make it work for them. I often heard of a few
millionaires in the city who dresses ordinarily. You can’t see them in a coat
and tie. They opt to enjoy the frugal things in life and remain like that in
spite of the millions they have. They know the value of saving money rather
than squandering it.
Millionaires are focus on net worth
We often say millionaires have varied sources of income that
is why they become one. Of course that is true. They have many resources of
cash and assets whereas we only rely on our salary. Millionaires are geared in
improving their net worth. That is why they have income, savings, investments
and businesses. No wonder they become rich! The true measure of wealth is not
with regards to income. It is on net worth. This is the financial value of
everything you own. No wonder rich people have a lot of properties, businesses
and investments (like stocks, bonds and more).
Knowing these perspectives will duly help as shift our paradigm
to that of a millionaire’s mind. Perhaps it would be best that as early as
today, we get to apply these in our daily lives and how we treat life in
general. Of course we want our lives to improve in the next years to come
right? So why not change our perspective first and think like a millionaire. In
time, we could be able to adopt it and act it so we would be financially
successful like them.
P.S. To those doing the 52 Week Money Challenge and 52 Week Money Challenge Version 2, it is Week 7 already! Did you deposit the next amount yet?
P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too.