Picking Apart the Millionaire Mindset
I want to be a millionaire, its that simple and I am willing to be as diligent, focused and prioritized in order to get there. The millionaire mindset isn’t just about changing habits, but moreso the mindset that is needed in order to achieve it.
How to Think Like a Millionaire and The Millionaire Next Door
What is the millionaire mindset?
Belief in Self
Millionaires align themselves not only with the goal but with the belief that they will be successful in achieving their goals. Your beliefs create your life experience, and as such if you believe that true wealth was only created for the chosen few then that will be your reality. The truth is that your mind and attitude bar your entry, and in order to achieve you must first believe.
What are your beliefs about success?
Passionate about Life Goals
They pursue their passions and make it their vocation. In essence, they’ve made their passion their life’s work. It is who they are and enables them to reach the ever elusive level of self actualization while pursuing their passions.
What is your calling? What is your life’s passion?
SMART Goals
Millionaires set SMART goals. Specific. Measurable. Achievable. Relevant. Time bound. Their goals are clear intentions with detailed steps on how they will get there. There’s something about writing your goals down on paper which sets them in motion.
What are your goals? How are you poised to achieve them? Have you written them down?
Learn from Mistakes
Millionaires learn from them. Obstacles are to seen as an opportunity to learn and grow. If they are knocked down, they get back up. Remember when Donald Trump faced financial trouble not too long ago? Look at where he is now. My personal favorite, Steve Jobs-took Apple like a Phoenix dead and buried and resurrected it into the corporate giant that it is today. He believed in his passion for Apple, took risks, failed, learned from his mistakes and is reaping the benefits.
What mistakes have you made? How will you learn from them?
Frugality
One thing consistent among millionaires that Ive read about or spent time with is that they are frugal and rightfully so. Wealth isn’t about spending money, it is about acquiring and maintaining it. The newest techie gadgets, shoes or designer handbags aren’t priorities in their lives. Hey, I’m talking to myself here so I’m not on a soap box. I think its hard to remain frugal with constant bombarding of advertising of juicy new tech gadgets like the new apple thin notebook, Yves St Laurent Muse and Balenciaga handbags. Its hard being a young fashion forward fashionista but it must be done. I am not advocating being cheap, there’s a thin line but to be conscientious about our purchases.
What areas of your life are you most frugal?
As you can see, being a millionaire isn’t just about spending money on “bling”, but its an intentional mindset. One that demands careful planning and prioritizing in order to get there. Personally, it isn’t about having a net worth of a million dollars, it is also knowing that I am committed to remaining true to myself and all of my ideals in order to get there. Achieving this mindset is something that will take work but I am determined to get there.
What are your life’s passions?
Do you want to be a millionaire?
How do you plan to achieve that goal?
photo credit: Black Collegian
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About the Author: Girls Just Wanna Have Funds is for the woman that wants to take charge of her personal finances. We value budgeting, investing, frugality and remain mindful of our spending habits. Move over and make way for women who are in control of their financial destinies and not afraid to say it. We're armed with a positive net worth and not afraid to flaunt it while breaking financial ceilings one stiletto at a time!
