So what is the million- dollar mindset? Basically, it is the way we
perceive the world. It is the way we frame, filter and make sense of the
events and experiences in our life. Thus, the million- dollar mindset
is made up of your habits, beliefs, values and attitudes. So with that,
lets move on to explore the "Nine Habits of Self- Made Millionaires"
which will enable to think like a millionaire too.
Millionaire Habit 1: Be a Value Creator by Always Exceeding Expectations
There are basically three categories of people in life. The first is
what I deem as the "Value Reducers". People who fall under this category
have a habit of doing less than expected. Therefore, they reduce the
value in whichever organization they belong to. As such, they are
considered as liabilities and expenses to a company.
Then you have the second category of people who have the habit
of doing exactly as expected. These people sustain the value in
whichever organization they belong to as they merely do what is expected
of them. As such, they are considered as dispensable assets and low
return investments to a company.
Lastly, there is this minority but yet most powerful category
of people known as the "Value Creators". These are the people who do a
lot more than expected. Through their own initiative, they will always
exceed others' expectations of them. Hence, they create tremendous
amount of value for their companies. And because of that, they are
considered indispensable assets and high return investments to their
company. These are the people who do not have to worry about getting
retrenched because their bosses will eventually notice their efforts and
pay them more and more in order to retain them. Even if their current
bosses do not recognize their value, they do not need to worry as other
companies will definitely hunt them down for the value they create.
Thus, tell yourself that you must always strive to be a value creator from this moment onwards!
Millionaire Habit 2: Be Proactive and Make Things Happen
The second millionaire habit u need to adopt is to be proactive and
make things happen. People who are proactive do not wait for things to
happen, but rather, they take the initiative to make things happen. When
there are no opportunities around, they do not sit and wait for
opportunities to come knocking on them. Rather, they go out and seek
opportunities for themselves. Likewise, when faced with setbacks or
problems, proactive people will go all out to find solutions to their
problems and overcome their setbacks. Therefore, they have the choice to
change and control their life.
On the other hand, reactive people wait for things to happen.
If there are no opportunities around, they just sit back and wait for
opportunities to come. But they fail to realize that opportunities do
not just come by so easily. Reactive people when faced with setbacks or
problems will simply concede defeat and choose to complain instead of
trying to improve the situation. As such, they are often not in control
of their lives but rather, they choose to let other people control their
lives.
Hence, only when you are proactive will you be in full control
of your success and wealth. So start making things happen straight
away!
Millionaire Habit 3: Do What You Love
The next habit you need to adopt is to do what you absolutely love
most. This may sound stupid as you may ask why will anyone do what they
hate. However, take a good look around and you would see many people
working in industries they do not have a passion for. Why do most people
complain about going to work each day? Its simply because they do not
have a passion for their work, and thus they simply dread it. When
things do not go their way, they will simply complain.
However, most successful individuals have one thing in common.
They love what they do. And it is because of this intense passion for
they what they are doing that drives them to succeed. To these people,
their work is equivalent to play. Thus, they are enjoying every single
moment of their work and their
motivation is natural.
Only when you eat, breathe and sleep your field of work, will
you be the best in the industry you are in. And in today's competitive
world, when you are far from the best in your industry, you are going to
find it extremely hard to survive. Hence, start identifying what you
are strongly passionate about. Thereafter, think of who can learn from
in that industry and strive to be the best. When you are able to do what
you love, you will never have to "work" another day of your life!
Millionaire Habit 4: Believe in Delayed Gratification
This is one habit which many people are guilty of not being able to
keep up with, including myself. Yet, it is one habit which will
determine if you are going to be financially free or not. You see, there
are effectively two ways you can use your money. One is to spend it,
the other is to save or invest it. Most people opt for the former,
because you get instant gratification from it. When you spend your money
on the new watch or designer clothes, you get instant happiness. Thus,
instant gratification is the habit of wanting to enjoy now and not
having the patience to wait for future benefits. People who constantly
desire instant
gratification rarely have the discipline to save and let their money compound and grow. Not surprisingly, they will never be wealthy.
On the other hand, people who opt to save or invest their
money believe in delayed gratification. These are the people who will
not spend their money impulsively on things which will not bring them
future benefits. Rather, they will spend their money wisely, choosing to
invest in seminars, books. They will also invest their money in stocks
and bonds, and allow their money to compound and grow. Initially they
may not see huge returns, but they have the patience to wait for their
money compound slowly but surely.
Therefore, start analyzing your spending habits today and ensure you believe in delayed gratification.
Millionaire Habit 5: Never Get Complacent and Constantly Improve Oneself
What major reason why people fail is because they get complacent.
Problems often occur when you get complacent. When you are complacent
about your business, you tend to relax and that's when your competitors
will overtake you. When you are complacent about your health, you tend
to neglect it and that's when illnesses will attack you. Therefore, no
matter how successful or wealthy you might think you are, always ask
yourself how can be the best.
Hence, always strive for excellence in whatever you do and continuously seek ways for improvement in all areas of your life.
Millionaire Habit 6: Be 100 Committed and Make it a MUST to Succeed
So what does it take to be 100 committed? People always think that
they are committed to achieving success or wealth. However, there's a
clear distinction between wanting to succeed, and being 100 committed
to succeed. When you are 100 committed to succeed, you make it an
absolute MUST to succeed. You will do whatever it takes to succeed. If
it means having to only sleep 4 hours a day, you will do it. Do not
worry though, as I'm not encouraging you to sleep only 4 hours. But you
must be able to see the clear distinction. Making something a MUST means
making it your number one priority and stretching yourself way beyond
your comfort zone to achieve it.
When you are not 100 committed to achieving something, you
will never achieve it. This is because the path to success and wealth is
never easy. Thus, people often give up when the going gets tough. It
all boils down to the fact that they have not make it a MUST. When you
are 100 committed to be a millionaire, you will do whatever it takes to
overcome the challenges you might face. However, if you only "wish" or
"want" to become a millionaire, your mind will eventually be filled by
other ?wants? that will eventually take away all you attention and time.
Start asking yourself this question now, "Is success and
wealth a must for you? Or is it only a want?" If your answer is a
"MUST", then you should change the way you are spending your time now
and be 100 committed to achieving it.
Millionaire Habit 7: Instill a Sense of Integrity
This is indeed one very important value you need to adopt, as people
will only trust those with integrity. Once you lose your integrity, you
also lose the trust that people have in you, and you will lose your
friends and business partners. Having integrity involves doing what you
say you will do. You must be someone who is reliable and responsible and
only then will people want to associate with you.
So, start instilling a sense of integrity in you right now and wealth will come to you!
Millionaire Habit 8: Have Self- Discipline
In order to succeed, you must have the discipline to go through all
that is necessary for you to succeed. Even if the journey is tedious and
boring, you must have the discipline to persist. You must have a set of
rules for yourself and you must stick by it no matter what it takes.
Only with discipline can you overcome all challenges and create wealth.
So, start instilling a sense of self- discipline in you and never compromise on your rules.
Millionaire Habit 9: Perceive Failure as Feedback and Turn it Into Success
The final
millionaire
habit is the ability to perceive failure as feedback and turn it into
success. What many people do not know is in actual fact, many
millionaires today have experienced major failures in their life. The
truth is that everybody fails at one point or another. However, while
most people will allow failure to kill their faith, successful people
are able to perceive it as feedback and turn failure into success.
There are three ways people respond to failure. The first
group of people will get extremely disappointed and they just give up
completely. The second group are slightly more determined as they will
not give up instantly. Rather, they will keep trying but using the same
strategies over and over again. As a result, they will continue to fail
many times until they become disillusioned and also give up eventually.
However, successful millionaires perceive failure differently.
Every time they encounter setbacks, they do not see it as failure.
Rather, they perceive it as feedback that they are not using the right
strategy. Hence, they will accept this feedback and change their
strategy until they achieve what they desire.
Remember this quote: "Success is the result of good judgment.
Good judgment is the result of experience. Experience is the result of
bad judgment" - Anthony Robbins.
Hence, accept the fact that we will bound to experience
failures. However, do not perceive it as failure but rather see it as
feedback and let it help you achieve success!
So, there you have it! The Nine Habits of Self Made
Millionaires. Master them, and I guarantee that you will experience a
positive change in your life. To study the other steps in greater depth,
you need a practical, powerful and comprehensive wealth creation
programme.
