Which Of The Following Are Components Of Project Cash Flow 7 Secrets of the Millionaire Mindset

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7 Secrets of the Millionaire Mindset

Ask anyone, “Do you want more money?” and the answer is usually “yes!” More money can mean many things: freedom, fun, adventure, escape from bills, no more worries, a brand new BMW. Whatever we want, money is often the means to get it.

Why don’t we have everything we want? We’re definitely smart enough – we did send a man to the moon after all, couldn’t we make a few extra thousand dollars? We certainly work hard enough – statistics show that Australians work 40-60 hours a week. Americans have barely two weeks of vacation per year. There is no lack of work ethic here.

So what is stopping us from achieving the wealth we truly desire?

Is it a lack of knowledge? No – there are thousands of books and articles on how to build wealth and there are thousands who have done it before – it is achievable. The answers are out there, accessible to anyone.

Is it a lack of desire? Certainly not because most people express a genuine desire for more money and can see the real benefits of creating wealth.

The difference between those who make millions and those who don’t is not intelligence, drive, work ethic, knowledge, skill, opportunity or even luck. The difference is almost entirely in beliefs and attitudes. These differences boil down to the seven basic secrets of what I call the “Millionaire Mindset.”

Secret #1: Beliefs About Money

Millionaires have specific beliefs about money and wealth. This is the most basic and important aspect of how to become (and stay) a millionaire.

Beliefs about millionaires include:

* I deserve to be rich.

* There is more than enough wealth to go around.

* When I get rich, others get rich too.

* I get rich by adding value to people’s lives. I do this by providing services, knowledge or products that enrich others.

* Creating wealth is enjoyable and fun.

* If I want it, I can achieve it, attract it, possess it, enjoy it.

* I am the captain of my own ship.

* I’m not alone – in building wealth I have many partners who help me design, implement and manage my products and services. We all benefit from rising wealth.

* Nobody suffers because I am rich.

* Wealth brings the ability to help others.

* I am very grateful for everything I already have in my life.

* I am on this planet to enjoy my life.

* I am already rich beyond measure.

How many of these beliefs do you share with millionaires? Chances are, if you don’t have all the wealth you want, it’s because you may have some limiting beliefs about yourself and money.

We develop our beliefs about money primarily from our family and from our early experiences with money. Do you remember your first conscious thought about money? Was it positive? Often our experiences with money are negative or unsupportive, associated with guilt, blame, fear, jealousy and all possible low-level emotional states.

Culturally, we are also bombarded with messages about money. Have you heard of these?

* Money doesn’t grow on trees.

* Money is the root of all evil.

* It is easier for a camel to pass through the eye of a needle than for a rich man to pass through the gates of heaven.

* The meek will inherit the earth.

* There is virtue in poverty.

When you think about it, these maxims are not at all helpful if you want to increase your wealth. If you subscribe to these beliefs, your ambitions will be in constant conflict with your fundamental notions of wealth. The result? A standstill. No wealth can be cultivated under these conditions.

Secret #2: The reasons for building wealth – the carrot and the stick

Millionaires have very specific and very compelling reasons WHY they build wealth. These reasons keep them focused on their goals. This may include wanting to experience freedom of choice, provide a solid education for their children, help their favorite charity, eliminate personal debt, secure a secure future for themselves, or simply have fun.

Regardless of the specifics of ‘why’ they want to build wealth, all reasons fall into two distinct categories. They are ‘Carrot’ and ‘Stap’. Both the ‘carrot’ and the ‘stick’ are essential components of the millionaire mindset.

‘Carrot’ is a juicy incentive. Just like a horse that has a carrot dangled in front of it to trot, aiming for a tasty treat, millionaires also have ‘carrots’. It could be a new Jaguar, a beach house, overseas travel, a fancy wardrobe, a solid education fund for their children, the ability to donate to their favorite charity, a sense of freedom, a sense of adventure, freedom of choice. The reasons are both tangible and esoteric. Basically, the most important thing is that the ‘carrots’ feel good.

The ‘sticks’ are a painful reminder of what they don’t want. My aunt, who is now very wealthy, says that the primary reason she worked so hard to become financially independent was that she never wanted to experience the poverty of her childhood again. It was such a painful experience that it served as a whip, a ‘stick’, to launch her wealth creation activities. Other ‘sticks’ to building wealth can be the pain of oppressive debt, the fear of retiring without enough funds, the worry of wondering where the next meal will come from.

Anthony Robbins claims that people will do more to avoid pain than to achieve pleasure. This is a key observation in developing the millionaire mindset. In order to carry out plans to create wealth, a millionaire must have both a ‘carrot’ and a ‘stick’ on the way. The sticks hold the feet to the fire, they hold the awareness of the pain as an incentive to keep trying, to keep working on the plan. The ‘carrots’ however provide inspiration, joy and rewards. The ‘horse’ of wealth moves much more efficiently if it has both a ‘carrot’ and a ‘stick’ to encourage it.

A final word on ‘sticks’. If you have too many, your life becomes filled with fear – fear of poverty, fear of debt, fear of an underfunded pension. This is no way to live life, and it is certainly a very anxious way to approach wealth development. Some ‘sticks’ are a good way to start, then focus more on your ‘carrots’. Not only are they much more fun to think about, they will make the wealth building process much more enjoyable and enjoyable.

Secret #3: It’s not about the money

Every rich person knows that creating wealth is never about money itself. However, it is about what money can do. Money enables experiences that provide satisfaction. Ultimately, creating wealth is about feeling good – nothing more, nothing less. Can you feel good without creating wealth? Absolutely! That’s why a wealthy person feels good, feels ‘wealthy’, regardless of their bank account balance. For a wealthy person, the accumulation of wealth is a process that is as enjoyable as the results.

Rich people are not dependent on results or balance sheets. Rich people are focused on the process of adding value to their clients, their colleagues, their employees, their field of work. They know that in adding value, the laws of reciprocity dictate that value is returned to them in the end. That way, they can feel good at any time. Creating wealth is as much about serving others as it is about feeling good about your own life.

Secret #4: Awareness is a key wealth-building skill

Those who create and attract wealth have a heightened sense of self. They are acutely aware of what might hinder their personal growth, including personal efficacy, limiting beliefs, low-level emotional patterns, and lack of knowledge or skills. They take active steps to remove obstacles to their success.

Those with a million mindset are also extremely sensitive to their surroundings. They surround themselves with people who support them and help them in their goals. They hire coaches, select mentors and pay the best advisors they can afford. They avoid individuals who are negative, pessimistic or caustic in any way. They design an inspiring environment that reminds them of their personal vision and reflects their individual values. Everything around them is a reflection of who they are at the core and resonates with their vision of themselves as already possessing the wealth they desire.

Secret #5: Focus Reveals Possibilities

With increased awareness, focusing on key priorities acts like a giant spotlight: opportunities are revealed in a strong, focused light. Without clear focus, these same opportunities may still exist, but because consciousness is unfocused, the individual may not necessarily notice them.

Secret #6: Repeat baby steps

Having focus and increased awareness is not enough to become rich. Achieving results requires inspired and thought-out action. Wealthy individuals take measured steps in creating their results. They know that a little something is better than nothing and that small steps in the moment lead to significant results over time.

Secret #7: Connect with pleasure, in the moment

True wealth comes in the experience of joy, in the moment. It is actually a choice caused by the awareness of our connection with all of humanity, the entire universe. When we feel integrated and part of the great experience of life, we can relax and enjoy the experience of the moment, now. A great sense of peace thus allows the flow of joy, happiness and ultimately wealth and prosperity.

So how do you actually create wealth?

This is the question that people always ask first when they want to escape poverty and earn more money. That should really be the last question to answer. You cannot attract wealth if you do not have the right beliefs, reasons, focus, awareness and attitude. Any financial project will fail without first setting these elements.

Without that caveat, how do you build wealth?

The simple answer is that there are a multitude of methods and strategies. You can hire one or more of them. That includes:

* Traditional business enterprise

* Investing in stocks, managed funds, bonds, etc

* Investing in real estate

* Online business.

What we know for sure is that there are very few ‘jobs’ that pay an extraordinary salary that translates into enormous wealth. Business and investment are actually the key to wealth that does not depend on you coming to provide a service.

How do you get started with the technical side of wealth creation?

First of all, choose a strategy that you will enjoy. If you’re a technophobe, then maybe an online business isn’t for you. If you enjoy building and decorating your home, perhaps investing in real estate is something you would like to pursue. Whatever you choose, you have to enjoy it and make it fun!

There are many good resources out there that can teach you about investing, business building, etc. Don’t feel like you have to go it alone! Get advice, get help, get a coach, get a mentor. Educate yourself – read, read, read. Then take action – with baby steps, of course!

As a starting point, here are some great resources for you:

Rich Dad Poor Dad – Robert Kiyosaki

The Cash Flow Quadrant – Robert Kiyosaki

Revisiting the E Myth – Michael Gerber

You were born rich – Bob Proctor

One Minute Millionaire – Mark Victor Hansen

Think and grow rich – Napoleon Hill

There are many more books, links and articles on my website http://www.innercompass.com.au that will help point you in the right direction.

Now go forth and prosper!

I wish you a life full of love, laughter, joy, health and well-being.

Best wishes

Copyright 2006 Zoë Herbert Routh, The Inner Compass

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