Many books have been published on the topic of the millionaire mindset. No doubt the most popular one is the classic Think And Grow Rich.
There is a good reason for this. It is not just slick salesman and authors trying to make a quick buck.
There is merit behind the idea that to be a self-made millionaire, you need to have a millionaire mindset.
Modern science has proven the validity in the Law of Attraction - that you really are what you think. If you think like someone who is poor, what do you think the result is going to be?
Are you likely to be rich or poor?
Many people have a dream of becoming a millionaire. Unfortunately for many people, it is just that - a dream, and it will always remain a dream.
The aim of this blog post is to address the issues that prevent people from achieving wealth. We will identify and cover these issues and share with you practical strategies about how you can overcome these problems. We want to get you on your way to becoming a millionaire.
But it is up to YOU. We can guide you, but you have to put in the effort.
This lens is NOT about practical ways to make money. There are many, many excellent programs and mentors that can show you that.
Believe it or not, finding the "right" business opportunity is not the stumbling block preventing most people from making millions.
Yet, this is the exact attitude of the get rich quick junkie. This lens would be exceptionally helpful for these people though I doubt they would even be interested in this topic.
Instead, what prevents people from creating wealth, are the limiting mindset, beliefs, attitude and negative habits that they have. These are the factors that prevent them from creating millions.
How do you expect to be a millionaire if you don't really BELIEVE you can become one? Have you ever been able to accomplish anything without believing you could do it? Anything?
Of course not!
Accumulating wealth is the same. Due to a variety of reasons, most people have bad programming when it comes to creating wealth.
The solution is that YOU have to actively change this negative programming. You have to develop the millionaire/wealth mindset. This way you can replace the bad programming, the limiting beliefs, with the millionaire mindset, the good programming.
It takes a little work and effort but the results are worth it.
Until you do this, you will NEVER achieve any wealth. Fix these issues and you will be well on your way to achieving your financial goals.
If you would like to know the surefire 8 step system to becoming a millionaire, keep reading below.
There is a good reason for this. It is not just slick salesman and authors trying to make a quick buck.
There is merit behind the idea that to be a self-made millionaire, you need to have a millionaire mindset.
Modern science has proven the validity in the Law of Attraction - that you really are what you think. If you think like someone who is poor, what do you think the result is going to be?
Are you likely to be rich or poor?
Many people have a dream of becoming a millionaire. Unfortunately for many people, it is just that - a dream, and it will always remain a dream.
The aim of this blog post is to address the issues that prevent people from achieving wealth. We will identify and cover these issues and share with you practical strategies about how you can overcome these problems. We want to get you on your way to becoming a millionaire.
But it is up to YOU. We can guide you, but you have to put in the effort.
This lens is NOT about practical ways to make money. There are many, many excellent programs and mentors that can show you that.
Believe it or not, finding the "right" business opportunity is not the stumbling block preventing most people from making millions.
Yet, this is the exact attitude of the get rich quick junkie. This lens would be exceptionally helpful for these people though I doubt they would even be interested in this topic.
Instead, what prevents people from creating wealth, are the limiting mindset, beliefs, attitude and negative habits that they have. These are the factors that prevent them from creating millions.
How do you expect to be a millionaire if you don't really BELIEVE you can become one? Have you ever been able to accomplish anything without believing you could do it? Anything?
Of course not!
Accumulating wealth is the same. Due to a variety of reasons, most people have bad programming when it comes to creating wealth.
The solution is that YOU have to actively change this negative programming. You have to develop the millionaire/wealth mindset. This way you can replace the bad programming, the limiting beliefs, with the millionaire mindset, the good programming.
It takes a little work and effort but the results are worth it.
Until you do this, you will NEVER achieve any wealth. Fix these issues and you will be well on your way to achieving your financial goals.
If you would like to know the surefire 8 step system to becoming a millionaire, keep reading below.
Step 1: Why Do You Want To Be Rich?
The very first step to becoming a millionaire is to work out exactly why you want to be a millionaire.
So, why do you want to be a millionaire?
This "why" will be your reason. It will provide you with the inspiration, motivation and drive for all those times when you won't feel like working or when you are tempted to just to give up.
Even if you think it's for vanity or for something superficial, that is still a good enough reason. If your desire to become a millionaire is so you can buy all the luxuries of wealth, the houses, boats, cars, etc - that is an acceptable reason. There is absolutely nothing wrong with that so don't feel guilty for wanting nice things for yourself and your family (that guilt for wanting nice things is part of the bad programming you have to erase) .
The most important thing you must get out of this step is that you know and understand this "why".
Another important thing you must determine is this:
Is it YOUR reason?
Are you doing this for YOU and not because somebody else is making you do it?
Don't confuse this question with "Are you doing it FOR somebody else?." This is OK because it is still YOUR reason.
Instead, make sure you are NOT doing it because someone else is making or forcing you to do it (using guilt for example). This could be your parents or a spouse.
If you are trying to achieve wealth because somebody else is pressuring you to do it, I can save you the trouble and tell you right now that you WILL FAIL.
One reason for this is that you are the one who has to do the work, so you must have the drive for it. The drive has to be internal - it must come from inside you.
If the reason "why" is not internal, when you hit the inevitable roadblocks, you will not have the drive to keep going.
Before you move on to Step 2, make sure you know the reason why AND that it is your reason.
So, why do you want to be a millionaire?
This "why" will be your reason. It will provide you with the inspiration, motivation and drive for all those times when you won't feel like working or when you are tempted to just to give up.
Even if you think it's for vanity or for something superficial, that is still a good enough reason. If your desire to become a millionaire is so you can buy all the luxuries of wealth, the houses, boats, cars, etc - that is an acceptable reason. There is absolutely nothing wrong with that so don't feel guilty for wanting nice things for yourself and your family (that guilt for wanting nice things is part of the bad programming you have to erase) .
The most important thing you must get out of this step is that you know and understand this "why".
Another important thing you must determine is this:
Is it YOUR reason?
Are you doing this for YOU and not because somebody else is making you do it?
Don't confuse this question with "Are you doing it FOR somebody else?." This is OK because it is still YOUR reason.
Instead, make sure you are NOT doing it because someone else is making or forcing you to do it (using guilt for example). This could be your parents or a spouse.
If you are trying to achieve wealth because somebody else is pressuring you to do it, I can save you the trouble and tell you right now that you WILL FAIL.
One reason for this is that you are the one who has to do the work, so you must have the drive for it. The drive has to be internal - it must come from inside you.
If the reason "why" is not internal, when you hit the inevitable roadblocks, you will not have the drive to keep going.
Before you move on to Step 2, make sure you know the reason why AND that it is your reason.
Step 2: Decide To Be Rich
The second step to becoming a millionaire is to make "getting rich" the number ONE priority in your life.
In other words, you must decide to become a millionaire.
A lot of people claim to have the desire to be rich. But, when you ask them how much time a day they devote to this desire, their only answer is to tell you how long they spent buying their weekly lottery ticket.
If something is a priority in your life, you always put time and effort into it.
Take losing weight for example. Why do so many people only seriously start an exercise and diet program a few months before their wedding. Surely, the desire to lose weight and look their best would have been there all along. They only start taking it seriously when they make it a priority
Once they decide to lose weight - it becomes a priority and only then are they willing to put the time and effort into losing weight. In these situations, virtually all people end up losing significant weight.
The same principle applies to creating wealth.
Answer this simple question to see if becoming a millionaire is a priority for you now.
How much time a day do you spend on your goal of becoming a millionaire?
I have another question for you: How many hours of TV do you watch per day?
Is it more than you spend on working to become a millionaire? If it is, then by your actions, you're telling me that watching TV is more important to you than creating wealth.
Right now, watching TV is a bigger priority for you than becoming a millionaire - that's why you spend more time on TV than working towards your financial dreams.
Once you change your priorities, it will be much easier to change your actions.
Getting rich has to be the most important thing in your life AT THAT TIME. Yes, this might sound selfish but it is something every millionaire at some point HAS to do.
I'm sure you've heard numerous stories of entrepreneurs who worked 18 hour days and slept in their offices for 3 months just to get their businesses started. That's what I mean by making getting rich a priority.
Again, it HAS to be the most important thing in your life at that moment. It is where you should put all your time and energy.
Once you become a millionaire or you achieve your financial goals, then you can change your number one priority to something else (like your family).
So, have you decided to become rich yet?
Good, onto Step 3.
In other words, you must decide to become a millionaire.
A lot of people claim to have the desire to be rich. But, when you ask them how much time a day they devote to this desire, their only answer is to tell you how long they spent buying their weekly lottery ticket.
If something is a priority in your life, you always put time and effort into it.
Take losing weight for example. Why do so many people only seriously start an exercise and diet program a few months before their wedding. Surely, the desire to lose weight and look their best would have been there all along. They only start taking it seriously when they make it a priority
Once they decide to lose weight - it becomes a priority and only then are they willing to put the time and effort into losing weight. In these situations, virtually all people end up losing significant weight.
The same principle applies to creating wealth.
Answer this simple question to see if becoming a millionaire is a priority for you now.
How much time a day do you spend on your goal of becoming a millionaire?
I have another question for you: How many hours of TV do you watch per day?
Is it more than you spend on working to become a millionaire? If it is, then by your actions, you're telling me that watching TV is more important to you than creating wealth.
Right now, watching TV is a bigger priority for you than becoming a millionaire - that's why you spend more time on TV than working towards your financial dreams.
Once you change your priorities, it will be much easier to change your actions.
Getting rich has to be the most important thing in your life AT THAT TIME. Yes, this might sound selfish but it is something every millionaire at some point HAS to do.
I'm sure you've heard numerous stories of entrepreneurs who worked 18 hour days and slept in their offices for 3 months just to get their businesses started. That's what I mean by making getting rich a priority.
Again, it HAS to be the most important thing in your life at that moment. It is where you should put all your time and energy.
Once you become a millionaire or you achieve your financial goals, then you can change your number one priority to something else (like your family).
So, have you decided to become rich yet?
Good, onto Step 3.
Step 3: Know EXACTLY What You Want
This step is definitely the most fun as here we will work out what we want. We are going to dream BIG.
In this step, I want you to WRITE down EXACTLY what you want. Be very specific.
Do not be vague at all. I want a "million dollars" or "nice things" is not specific enough.
A good exercise to help you determine what you want is to run through your ideal day. What would a typical weekday, in your ideal world, look like?
Don't just include material possessions - include everything. How many hours (if any) would you like to work? Where are you working? Where do you live? What car do you drive? What do you eat? How much money do you have?
Include everything in as much detail as possible. Don't be shy.
Be crystal clear and write down exactly what you want. By this point, you already know why you are doing this, but what is the point of all the effort and work you are going to be doing.
The importance of writing down your goals can't be understated. It is almost as important as knowing what you want. Don't just keep your wants and goals in your head.
WRITE THEM DOWN. Typing is good, but using a pen and paper is better.
A study conduced by Harvard university proves how important it is to have and to write down your goals. The study followed Harvard MBA students over a 20 year period to see the effect that goal setting would have on their success.
At the start of the study, 84% of the graduates had no clear specific goals, 13% had unwritten specific goals while only 3% had specific written goals.
The results of the study conducted between 1979 and 1989 revealed that the 3 percent of graduates who had clear, written goals when they left Harvard, were earning, on average, ten times as much as the other 97 percent of graduates COMBINED.
This proves that the act of writing your goals down vastly increases your chance of success.
It won't take you too long but is vital to your success.
This is the step where you let your imagination and dreams run wild. Put no limit on what you want and be as specific as possible.
If you want money for other purposes, such as looking after your parents or donating to charity, include those also.
In this step, I want you to WRITE down EXACTLY what you want. Be very specific.
Do not be vague at all. I want a "million dollars" or "nice things" is not specific enough.
A good exercise to help you determine what you want is to run through your ideal day. What would a typical weekday, in your ideal world, look like?
Don't just include material possessions - include everything. How many hours (if any) would you like to work? Where are you working? Where do you live? What car do you drive? What do you eat? How much money do you have?
Include everything in as much detail as possible. Don't be shy.
Be crystal clear and write down exactly what you want. By this point, you already know why you are doing this, but what is the point of all the effort and work you are going to be doing.
The importance of writing down your goals can't be understated. It is almost as important as knowing what you want. Don't just keep your wants and goals in your head.
WRITE THEM DOWN. Typing is good, but using a pen and paper is better.
A study conduced by Harvard university proves how important it is to have and to write down your goals. The study followed Harvard MBA students over a 20 year period to see the effect that goal setting would have on their success.
At the start of the study, 84% of the graduates had no clear specific goals, 13% had unwritten specific goals while only 3% had specific written goals.
The results of the study conducted between 1979 and 1989 revealed that the 3 percent of graduates who had clear, written goals when they left Harvard, were earning, on average, ten times as much as the other 97 percent of graduates COMBINED.
This proves that the act of writing your goals down vastly increases your chance of success.
It won't take you too long but is vital to your success.
This is the step where you let your imagination and dreams run wild. Put no limit on what you want and be as specific as possible.
If you want money for other purposes, such as looking after your parents or donating to charity, include those also.
Step 4: Think Like A Millionaire
This may very well be the most important step.
You have to learn to think like a millionaire, as this will result in you acting like a millionaire.
This is especially important for people who have negative or limiting beliefs about money, which applies to most people. These beliefs must be eradicated before you can begin to accumulate wealth. The way to do this is to replace them with positive beliefs about money.
Since this negative programming resides in the subconscious mind, it is not going to be easy to get rid of these long held beliefs. It is not just a matter of reading a few lines from Think And Grow Rich and then expecting that you will have a millionaire mind.
The most successful people I know have read Think And Grow Rich more than a dozen times. Once is not enough.
While this step may not be easy, that does not necessarily mean it is hard either. It can be done, but you have to make a conscious effort to change your negative programming.
The best way to do this is to associate with self-made millionaires. For this discussion, we are referring to self-made millionaires who made their money in a business, as opposed to earning it through high paying jobs in sports, singing, movies, etc.
You may be aware of the theory that people tend to take on the characteristics and traits of the people they associate with. This is a well known psychological principle and one that we can use to our advantage.
If your friends think and behave a certain way, it is very likely you will think and act that same way. This means if your friends are broke or are always struggling for money, this will manifest itself in their thinking, language, behavior and actions.
This poverty mindset will rub off on you and will have a destructive effect on your wealth creation goals.
On the other hand, if you associate with millionaires, the same thing will happen. If you are the one with the poverty mindset, their millionaire mindsets will rub off on you. Their thinking, language, behavior and actions will effect you in a very positive way.
Instead of shooting you down as your friends might, they will encourage you. Their enthusiasm and confidence will be addictive and will spur you on to greater heights.
They will bring you up to their level and soon you will have their mindset, which is what you are aiming for. This is why it's best to associate with people on your level or on a level higher than you. By level, I am referring to thought processes.
If you are lucky enough to have friends that are self-made millionaires, the best option for you would be to directly associate with them. If that is the case, it would be fair to say that you already have this mindset anyway.
For most people though, this is not an option. So, what should you do?
The next best option is virtual association. While you may not be able to associate with them in person, you can certainly do it virtually through tools such as books, audios, videos, home study courses and mentoring.
You don't have to have dinner with Donald Trump to pick up the way he thinks. Investing in his programs, and listening to him teach, will do the same thing.
Think about what you do when you want to improve an area of your life. Let's use golf as an example.
Do you just go out and buy one golf book and then expect your golf skills to improve.
Of course not. Most people throw themselves into the deep end. They immerse themselves in everything golf. They get everything they can get their hands on. They watch golf tournaments, golf TV shows, books, magazines, etc.
They become golf junkies. They surround themselves with everything golf 24/7.
That is what you want to do - become a success and millionaire junkie. You want to immerse yourself, and especially your mind, in the study of millionaires and success.
Listening to an audio tape for 30 minuets a week isn't going to cut it. You must TRY and remove as much of the negative influence about money in your life and replace it with positive influences.
I say TRY because it is not reasonable or practical to ask most people to completely cut out these negative influences.
Ideally, if your friends and family have limiting beliefs about money, you would simply cut them out of your life. Same goes with all forms of news - especially negative news about the economy or finance.
BUT, for most people, that is not possible or even ideal. Instead, what you want to do is replace any negativity you get from these sources with the positive influences you get from your virtual association with millionaires.
The more you immerse and surround yourself with these positive influences, and limit the negative ones, the faster you will develop the millionaire mindset.
Sales and motivation guru Brian Tracy, originated the idea of turning your car into what he called a "rolling university." This means instead of listening to music or talkback radio, listen to an inspiring audio that could actually help you improve your life.
This is a great time to listen to Think And Grow Rich or your favorite success program. This is what I mean by immersion - constantly surround yourself with people that build you up and leave a positive influence on your subconscious mind.
For this to be effective, you have to do it consistently, at least until you develop the millionaire mindset. There is no one magic book or guru that can do it for you. It is best to read from several different sources because each author will offer a different perspective and you will learn something new from each one.
This is one of the success habits that millionaires have - they are always constantly learning and educating themselves, even after they are successful. They never stop learning, and neither should you, if you wish to emulate their success.
After being bombarded with positive messages, your subconscious mind will eventually get rid of the negative and limiting beliefs about money, and replace them with the millionaire beliefs you have acquired through the association of your virtual millionaire friends.
The following is a list of excellent books that focus on the millionaire mindset.
* Think And Grow Rich
* The Science of Getting Rich
* The Master Key System
* The Art of Money Getting
* The Path To Prosperity
* Success
* As A Man Thinketh
* The Richest Man in Babylon
* The Laws of Success
* Acres of Diamonds
* Rich Dad Poor Dad
* Secrets of The Millionaire Mind
* The Millionaire Next Door
* The Millionaire Mind
* Conversations With Millionaires
* The Secret
* The 7 Habits of Highly Effective People
* The 21 Success Secrets of Self-Made Millionaires
You have to learn to think like a millionaire, as this will result in you acting like a millionaire.
This is especially important for people who have negative or limiting beliefs about money, which applies to most people. These beliefs must be eradicated before you can begin to accumulate wealth. The way to do this is to replace them with positive beliefs about money.
Since this negative programming resides in the subconscious mind, it is not going to be easy to get rid of these long held beliefs. It is not just a matter of reading a few lines from Think And Grow Rich and then expecting that you will have a millionaire mind.
The most successful people I know have read Think And Grow Rich more than a dozen times. Once is not enough.
While this step may not be easy, that does not necessarily mean it is hard either. It can be done, but you have to make a conscious effort to change your negative programming.
The best way to do this is to associate with self-made millionaires. For this discussion, we are referring to self-made millionaires who made their money in a business, as opposed to earning it through high paying jobs in sports, singing, movies, etc.
You may be aware of the theory that people tend to take on the characteristics and traits of the people they associate with. This is a well known psychological principle and one that we can use to our advantage.
If your friends think and behave a certain way, it is very likely you will think and act that same way. This means if your friends are broke or are always struggling for money, this will manifest itself in their thinking, language, behavior and actions.
This poverty mindset will rub off on you and will have a destructive effect on your wealth creation goals.
On the other hand, if you associate with millionaires, the same thing will happen. If you are the one with the poverty mindset, their millionaire mindsets will rub off on you. Their thinking, language, behavior and actions will effect you in a very positive way.
Instead of shooting you down as your friends might, they will encourage you. Their enthusiasm and confidence will be addictive and will spur you on to greater heights.
They will bring you up to their level and soon you will have their mindset, which is what you are aiming for. This is why it's best to associate with people on your level or on a level higher than you. By level, I am referring to thought processes.
If you are lucky enough to have friends that are self-made millionaires, the best option for you would be to directly associate with them. If that is the case, it would be fair to say that you already have this mindset anyway.
For most people though, this is not an option. So, what should you do?
The next best option is virtual association. While you may not be able to associate with them in person, you can certainly do it virtually through tools such as books, audios, videos, home study courses and mentoring.
You don't have to have dinner with Donald Trump to pick up the way he thinks. Investing in his programs, and listening to him teach, will do the same thing.
Think about what you do when you want to improve an area of your life. Let's use golf as an example.
Do you just go out and buy one golf book and then expect your golf skills to improve.
Of course not. Most people throw themselves into the deep end. They immerse themselves in everything golf. They get everything they can get their hands on. They watch golf tournaments, golf TV shows, books, magazines, etc.
They become golf junkies. They surround themselves with everything golf 24/7.
That is what you want to do - become a success and millionaire junkie. You want to immerse yourself, and especially your mind, in the study of millionaires and success.
Listening to an audio tape for 30 minuets a week isn't going to cut it. You must TRY and remove as much of the negative influence about money in your life and replace it with positive influences.
I say TRY because it is not reasonable or practical to ask most people to completely cut out these negative influences.
Ideally, if your friends and family have limiting beliefs about money, you would simply cut them out of your life. Same goes with all forms of news - especially negative news about the economy or finance.
BUT, for most people, that is not possible or even ideal. Instead, what you want to do is replace any negativity you get from these sources with the positive influences you get from your virtual association with millionaires.
The more you immerse and surround yourself with these positive influences, and limit the negative ones, the faster you will develop the millionaire mindset.
Sales and motivation guru Brian Tracy, originated the idea of turning your car into what he called a "rolling university." This means instead of listening to music or talkback radio, listen to an inspiring audio that could actually help you improve your life.
This is a great time to listen to Think And Grow Rich or your favorite success program. This is what I mean by immersion - constantly surround yourself with people that build you up and leave a positive influence on your subconscious mind.
For this to be effective, you have to do it consistently, at least until you develop the millionaire mindset. There is no one magic book or guru that can do it for you. It is best to read from several different sources because each author will offer a different perspective and you will learn something new from each one.
This is one of the success habits that millionaires have - they are always constantly learning and educating themselves, even after they are successful. They never stop learning, and neither should you, if you wish to emulate their success.
After being bombarded with positive messages, your subconscious mind will eventually get rid of the negative and limiting beliefs about money, and replace them with the millionaire beliefs you have acquired through the association of your virtual millionaire friends.
The following is a list of excellent books that focus on the millionaire mindset.
* Think And Grow Rich
* The Science of Getting Rich
* The Master Key System
* The Art of Money Getting
* The Path To Prosperity
* Success
* As A Man Thinketh
* The Richest Man in Babylon
* The Laws of Success
* Acres of Diamonds
* Rich Dad Poor Dad
* Secrets of The Millionaire Mind
* The Millionaire Next Door
* The Millionaire Mind
* Conversations With Millionaires
* The Secret
* The 7 Habits of Highly Effective People
* The 21 Success Secrets of Self-Made Millionaires
Step 5: Can Your Passion Make You A Millionaire?
"Do what you love and the money will follow"
One of the crucial things you must do BEFORE you get started, is ensure that your preferred business or profession can actually make you a millionaire.
In this context, a millionaire business or profession is one that can make you a million dollars in ten years or less (preferably five years or less).
While this step may seem straightforward, many budding millionaires get stuck in businesses that could never possibly make them a millionaire. They are stuck in the wrong business.
Not all businesses can make you a millionaire. If your heart is set on a business or profession that can make you a millionaire, then you can skip this step.
If not, unfortunately, you will have to make a choice between becoming a millionaire or sticking to your preferred business.
Let me give you an example to demonstrate what I'm saying. If you decide that your passion is working with children, and you would love to take care of children, this would lead to a career as a child care worker.
Unfortunately, child care workers are amongst the lowest paid workers so this career is not going to make you a millionaire.
Of course, you can always invest your salary and turn that into a million dollars through investing, but in that case, child care would not be your main business. Rather, the investment strategy you used would be your main business.
If you still wanted to work with children, you would have to reassess your goals. You could always own and run a child care center(s). This would still give you the chance to get to work with children, but you would also be involved in the management side of things.
The purpose of this step is to ensure that your desired business or profession can make you a millionaire. If you are in a business or profession you love, but that won't make you a millionaire, you must find a solution, otherwise you will be wasting your time.
Think outside of the box and you will usually find a solution. Otherwise, you will have to reassess your goals.
If working as a child care worker is the only thing you ever wanted to do, your goal of becoming a millionaire is not over. You can still become a millionaire through other means. You might decide to invest your income and make your millions through investing.
For example, if you decide that you want to invest your salary into property, this means that your main "business" is now property investment - not child care. This is what you will be using to create your fortune.
In that case, property investment can definitely make you a millionaire in 10 years or less, so now we can move on to the next step.
One of the crucial things you must do BEFORE you get started, is ensure that your preferred business or profession can actually make you a millionaire.
In this context, a millionaire business or profession is one that can make you a million dollars in ten years or less (preferably five years or less).
While this step may seem straightforward, many budding millionaires get stuck in businesses that could never possibly make them a millionaire. They are stuck in the wrong business.
Not all businesses can make you a millionaire. If your heart is set on a business or profession that can make you a millionaire, then you can skip this step.
If not, unfortunately, you will have to make a choice between becoming a millionaire or sticking to your preferred business.
Let me give you an example to demonstrate what I'm saying. If you decide that your passion is working with children, and you would love to take care of children, this would lead to a career as a child care worker.
Unfortunately, child care workers are amongst the lowest paid workers so this career is not going to make you a millionaire.
Of course, you can always invest your salary and turn that into a million dollars through investing, but in that case, child care would not be your main business. Rather, the investment strategy you used would be your main business.
If you still wanted to work with children, you would have to reassess your goals. You could always own and run a child care center(s). This would still give you the chance to get to work with children, but you would also be involved in the management side of things.
The purpose of this step is to ensure that your desired business or profession can make you a millionaire. If you are in a business or profession you love, but that won't make you a millionaire, you must find a solution, otherwise you will be wasting your time.
Think outside of the box and you will usually find a solution. Otherwise, you will have to reassess your goals.
If working as a child care worker is the only thing you ever wanted to do, your goal of becoming a millionaire is not over. You can still become a millionaire through other means. You might decide to invest your income and make your millions through investing.
For example, if you decide that you want to invest your salary into property, this means that your main "business" is now property investment - not child care. This is what you will be using to create your fortune.
In that case, property investment can definitely make you a millionaire in 10 years or less, so now we can move on to the next step.
Step 6: The Millionaire Habit
So far we know why we want to be millionaires, we have decided to become millionaires and have made it a top priority, we have the millionaire mindset and we have determined that what we want to do can actually make us millionaires.
Next, we have to develop the habits of success.
In this step we often refer to work Understand that you do not have to work hard and long hours to become a millionaire. Working smart is much...well, smarter. A lot of millionaires work only a few hours a month and still earn millions of dollars a year.
If you don't believe the above statement, take it as a sure sign that your limiting beliefs about money are still present and are holding you back. Keep working on developing that millionaire mindset!
By work, I am referring to initial work, the work and effort required in getting your business off the ground. This can't be outsourced or skipped.
YOU will have to do this work.
Think of it like this - short term pain for long term gain.
This step is about developing the habit of success. We want to allocate a certain time each day to work exclusively on our business.
There are 2 important factors to consider when planning your work hours.
First, you must analyze your strengths and weaknesses and create a plan and timetable that incorporates them.
Are you a morning, afternoon, evening or late night person? When is the best time for YOU to get work done? This is different for everybody so don't necessarily follow what the books say about when you should work.
This time has to be the most valuable spare time of your day and it must be a time when you have the most energy and enthusiasm to get work done.
The second factor relates to environment. It is vital that you have the the right environment to work in. This is not always at home, especially if you are working at home in the evening because there are so many distractions. You might have to stay late at work or go to a library to get the right environment.
Once you have the time and place set, the next thing you need is a set routine.
DO NOT just "wing it."
Winging it refers to doing it when and if you "feel" like it. This is a very bad attitude and habit. If you have gone through any Millionaire Mindset resources, you will know that this is not a millionaire habit.
You need structure and a constant routine. You want to make this work time a habit.
Since it takes about 30 days to form a new habit, you must make it a goal to stick to this for at LEAST 30-60 days.
Yes, there are going to be times when you'll have to drag yourself out of bed or off the couch and force yourself to start working. This is to be expected, especially during the first 30 days. But, once you get past that initial 30 day period, your business time will have become a habit.
A habit that is going to make you a millionaire.
And, what a success habit to have. You should be very proud of yourself at this point as not many people ever get to this stage.
The best time to work, if you can, is in the morning. A lot of personal development gurus focus on the concept of your "first priority".
The first priority refers to the very first "work" thing you do in the morning. What do you do in the first 30 "work" minutes of your day?
Do you check your email, read the newspaper, exercise? If the biggest priority in your life is to become a millionaire, then naturally an activity associated with this goal should be your first priority.
Maybe you don't do anything in the morning because you go straight to work. In that case, it is a good idea to get up 30 minutes earlier and get some work done on your business. It will give you a head start and will set the tone for the entire day.
It is very motivating to know that your are that much closer to your goal even before you have arrived at work. This is a millionaire habit you should aim to put into practice.
Finally, you may be wondering how long you should work everyday?
There is no right answer here. It depends on your schedule, the free time you have available and your desire. Obviously, the more you work, the faster you will reach your goals.
Ideally, you should spend at least 2 hours a day or about 10 hours a week on it. That is really the minimum you should be aiming for. This refers to the business work.
The time you spend on developing the millionaire mindset and other personal development education should be separate from this. You can do a lot of this in the car or at other times during the day. You want to spend between 30 minutes to an hour a day on this.
All up, you should be spending 3 hours a day on this. While it might sound like a lot, remember this is the biggest priority in your life, so it must take up the most time in your day. If you spend more time watching TV then you do on your business, you are doing something wrong.
Remember, short term pain for long term financial gain. You can work hard now so you can work as little as you want in the future.
Next, we have to develop the habits of success.
In this step we often refer to work Understand that you do not have to work hard and long hours to become a millionaire. Working smart is much...well, smarter. A lot of millionaires work only a few hours a month and still earn millions of dollars a year.
If you don't believe the above statement, take it as a sure sign that your limiting beliefs about money are still present and are holding you back. Keep working on developing that millionaire mindset!
By work, I am referring to initial work, the work and effort required in getting your business off the ground. This can't be outsourced or skipped.
YOU will have to do this work.
Think of it like this - short term pain for long term gain.
This step is about developing the habit of success. We want to allocate a certain time each day to work exclusively on our business.
There are 2 important factors to consider when planning your work hours.
First, you must analyze your strengths and weaknesses and create a plan and timetable that incorporates them.
Are you a morning, afternoon, evening or late night person? When is the best time for YOU to get work done? This is different for everybody so don't necessarily follow what the books say about when you should work.
This time has to be the most valuable spare time of your day and it must be a time when you have the most energy and enthusiasm to get work done.
The second factor relates to environment. It is vital that you have the the right environment to work in. This is not always at home, especially if you are working at home in the evening because there are so many distractions. You might have to stay late at work or go to a library to get the right environment.
Once you have the time and place set, the next thing you need is a set routine.
DO NOT just "wing it."
Winging it refers to doing it when and if you "feel" like it. This is a very bad attitude and habit. If you have gone through any Millionaire Mindset resources, you will know that this is not a millionaire habit.
You need structure and a constant routine. You want to make this work time a habit.
Since it takes about 30 days to form a new habit, you must make it a goal to stick to this for at LEAST 30-60 days.
Yes, there are going to be times when you'll have to drag yourself out of bed or off the couch and force yourself to start working. This is to be expected, especially during the first 30 days. But, once you get past that initial 30 day period, your business time will have become a habit.
A habit that is going to make you a millionaire.
And, what a success habit to have. You should be very proud of yourself at this point as not many people ever get to this stage.
The best time to work, if you can, is in the morning. A lot of personal development gurus focus on the concept of your "first priority".
The first priority refers to the very first "work" thing you do in the morning. What do you do in the first 30 "work" minutes of your day?
Do you check your email, read the newspaper, exercise? If the biggest priority in your life is to become a millionaire, then naturally an activity associated with this goal should be your first priority.
Maybe you don't do anything in the morning because you go straight to work. In that case, it is a good idea to get up 30 minutes earlier and get some work done on your business. It will give you a head start and will set the tone for the entire day.
It is very motivating to know that your are that much closer to your goal even before you have arrived at work. This is a millionaire habit you should aim to put into practice.
Finally, you may be wondering how long you should work everyday?
There is no right answer here. It depends on your schedule, the free time you have available and your desire. Obviously, the more you work, the faster you will reach your goals.
Ideally, you should spend at least 2 hours a day or about 10 hours a week on it. That is really the minimum you should be aiming for. This refers to the business work.
The time you spend on developing the millionaire mindset and other personal development education should be separate from this. You can do a lot of this in the car or at other times during the day. You want to spend between 30 minutes to an hour a day on this.
All up, you should be spending 3 hours a day on this. While it might sound like a lot, remember this is the biggest priority in your life, so it must take up the most time in your day. If you spend more time watching TV then you do on your business, you are doing something wrong.
Remember, short term pain for long term financial gain. You can work hard now so you can work as little as you want in the future.
Step 7: The Millionaire Mentor
This step is where the theory meets the practical.
This is where you can take your passion or business and turn it into a fortune. This is where we can finally start to make money.
This is also the step that get rich quick junkies start their journey. Is it any wonder they always fail, considering they skipped the first 6 steps.
The quickest, easiest and surest way to success is to find someone who is doing what you want to do and COPY them.
Yes, just COPY them. EMULATE therm. Do EXACTLY what they do.
Why try and reinvent the wheel? Learn the strategies and techniques they teach you and implement them yourself.
You do this by buying their programs and acting on what you learn. It is that simple.
Virtually every business opportunity available today has successful people offering courses and programs teaching you how to make money.
The reason people don't make money with these programs has nothing to do with the programs itself. The authors, as well as other students, have made money with them, so the programs work. The problem is that most people skip the first 6 steps and start with this step.
This is not the first step. If you skip the first 6 steps, you will FAIL. There are no shortcuts to creating wealth. Do it right, or don't do it at all.
The best way to copy what the author is doing is to get them to be your mentor. Almost all programs offer some sort of mentorship or advanced coaching.
Mentoring refers to programs where the author will teach and help you implement the system one-on-one.
Mentoring was one of the biggest factors of my success. For my first business, I paid my mentor $8000 for a 12 month mentoring program. It was easily the best money I have ever spent in my life. I would have happily paid 20 times that amount as it helped me reach my financial goals that much sooner.
I still would have succeeded without the mentoring, though my mentor made it much easier for me. I was able to soak up his experience and learn in weeks what would otherwise have taken me years to learn on my own. I learned from his mistakes so I didn't have to repeat them myself.
This is the power of mentoring. I simply copied my way to my first million.
I highly recommend you get a "good" mentor. It will have a huge and positive impact on your life.
You may have noticed I said a "good" mentor.
Good mentors are mentors that satisfy certain requirements. Firstly, they must be self-made millionaires who made their millions doing exactly what they teach their students. That goes without saying.
They also must currently earn their income doing what they teach and NOT by selling courses. You want a mentor who is active in their field, not someone who is teaching you theory. Unfortunately, it is not always easy to determine these things so always do your due diligence.
Whatever the program or mentor you go with, the next step is what separates the dreamers from the millionaires.
This is where you can take your passion or business and turn it into a fortune. This is where we can finally start to make money.
This is also the step that get rich quick junkies start their journey. Is it any wonder they always fail, considering they skipped the first 6 steps.
The quickest, easiest and surest way to success is to find someone who is doing what you want to do and COPY them.
Yes, just COPY them. EMULATE therm. Do EXACTLY what they do.
Why try and reinvent the wheel? Learn the strategies and techniques they teach you and implement them yourself.
You do this by buying their programs and acting on what you learn. It is that simple.
Virtually every business opportunity available today has successful people offering courses and programs teaching you how to make money.
The reason people don't make money with these programs has nothing to do with the programs itself. The authors, as well as other students, have made money with them, so the programs work. The problem is that most people skip the first 6 steps and start with this step.
This is not the first step. If you skip the first 6 steps, you will FAIL. There are no shortcuts to creating wealth. Do it right, or don't do it at all.
The best way to copy what the author is doing is to get them to be your mentor. Almost all programs offer some sort of mentorship or advanced coaching.
Mentoring refers to programs where the author will teach and help you implement the system one-on-one.
Mentoring was one of the biggest factors of my success. For my first business, I paid my mentor $8000 for a 12 month mentoring program. It was easily the best money I have ever spent in my life. I would have happily paid 20 times that amount as it helped me reach my financial goals that much sooner.
I still would have succeeded without the mentoring, though my mentor made it much easier for me. I was able to soak up his experience and learn in weeks what would otherwise have taken me years to learn on my own. I learned from his mistakes so I didn't have to repeat them myself.
This is the power of mentoring. I simply copied my way to my first million.
I highly recommend you get a "good" mentor. It will have a huge and positive impact on your life.
You may have noticed I said a "good" mentor.
Good mentors are mentors that satisfy certain requirements. Firstly, they must be self-made millionaires who made their millions doing exactly what they teach their students. That goes without saying.
They also must currently earn their income doing what they teach and NOT by selling courses. You want a mentor who is active in their field, not someone who is teaching you theory. Unfortunately, it is not always easy to determine these things so always do your due diligence.
Whatever the program or mentor you go with, the next step is what separates the dreamers from the millionaires.
Step 8: Action
This is the longest and hardest step.
Though, it is the most fun.
This is what separates the men from the boys.
This is the last step.
You....
must....
take.....
ACTION!!!!
YOU HAVE TO START ACTING ON YOUR PLANS.
You've done everything else up until now - all 7 steps. Even with a mentor, you're not guaranteed success. The work is still up to you.
Mentors will not be able to force you to do the work. Even the good ones.
If you put this final step into practice, you are guaranteed success with your financial goals.
You WILL become a millionaire!
It's only a matter of time.
Good luck!
