Sunday, September 21, 2008

Millionaire Mindset to Achieve Financial Freedom



Today, when we talk about millionaire mind, we will think about Warren Buffett, Carlos Slim Helu, Bill Gates, Ingvar Kamprad, Lakshmi Mittal, etc. We admire them because they are the richest man in the world. This will lead to the discussion on why some become millionaires or billionaires and majority doesn’t.

The most common view is that the millionaires are the luckiest people on planet earth. They are just fortunate to born in rich families and inherit millions or billions of dollars. They are lucky enough to have met the right people at the right time and be given the opportunities, networks and secrets to achieve financial freedom. Some say that most of the rich are very smart, highly educated, born with talents or master certain unique skills.

These opinions by the average people misled and confused us. Consequently, we believe that we are not as lucky or as smart as the rich and therefore, we are the average. We got to work hard for paycheck.

“Too many people are satisfied with being Average.

Too many people think like everybody else.” ~ Dr Denis Waitley


We accept to be the average and believe that we are not as lucky and will never know or given the opportunities to know the secrets of millionaire mind.

In addition, most of the schools or even the best business schools are teaching us to study hard and get a high pay job in order to enjoy a better life. There is no lesson on developing millionaire mind or achieving financial freedom. The schools focus mostly on theories and working harder for money instead of having money working harder for us by being successful entrepreneurs or investors.

However, we can not blame our teachers because they were taught the same things by their teachers or lecturers. That’s why they are stuck in the same rat race and working as hard as everyone else.

Due to our teachers hardly know how to earn a lot of money, we have never expose to how to be rich at school. We shy away from finding ways to be millionaires or attain financial freedom but working harder and longer hour to get paychecks. That’s all what we were taught at schools.

Have you ever thought that anybody can be a millionaire. Many millionaires from poor family background or with no inheritance have proven that anyone can be rich. So, what are the secrets of millionaire mind then?

The first secret of millionaire mind is that the rich have positive self-esteem and confidence. Don’t underestimate the thought power. Positive self-image is critical to make us positive people. We become what we think. So, we have to think rich to be rich.

The rich don’t allow or accept any negative thoughts like:

“I can never be rich to achieve financial freedom unless I win a lottery”

“I never had a chance to study at the best business school. If I had, I would be millionaire now”

“I don’t have enough capital to invest and earn big bucks like the rich”

“If I were to be born in a rich family, I will be financially very successful now”

“I’m happy with what I have and I don’t need a million dollars now”

Sound familiar?

These are the examples of negative thoughts or excuses which will prevent us from making changes.

The root of success is determined by the way we think and believe. It is critical to have positive thinking and millionaire mind to attain financial freedom. Why?

Just imagine that our mind is like a garden.

If we plant good seeds in the gardens, we produce wonderful gardens. Conversely, if we don't plant good seeds, something else like weeds will grow automatically and wildly turning the gardens into bushes.

When we don’t have the right and positive thinking, our minds will be influenced by negativity easily and automatically especially by newspapers which report mostly negative news everyday like accidents, murders, disasters, etc. Hence, it is either we have the positive or negative thinking. There is no neutral or in between.

The second secret is that all millionaires take charge and responsible for their life no matter what happens. The rich set their goal with achievable action plan to make it happens. They act like NIKE: Just Do It! Couple with positive self-image which plays an important role will keep them focusing on solution and action by applying new strategies that they learn.

The third secret of the millionaire mind is the famous “I Can Do It” behavior. Having an “I Can Do It” attitude means that we stay positive to attain our goals no matter what happens. We don’t allow any excuses to stop us from pursuing our dreams. If we think we can, we can!

The average will always have a little “I Can’t” behind their mind. If the average truly believes that they are not as intelligent or as capable as the rich and therefore, they don’t deserve to be rich, they will never attain financial freedom. The “I Can’t” attitude will produce tons of excuses not to go after their dreams.

The forth secret is focusing on the ultimate destiny than problems. The main difference between the positive and negative person is that the positive person is a go-getter and doesn’t take challenges as the stoppers. This is possible when positive thought rules. Positive person will focus on how to move forward or ways to arrive at the destination. Whenever there is a road block, positive person will constantly looking for solutions and action plan to clear it. Persistence and perseverance go hand in hand to create the desire success and destiny.

In short, the way we think, whether positively or negatively, consciously or subconsciously, will determine our result because:

Thought leads to action.

Action leads to habit.

Habit leads to character.

Character leads to destiny.

Having the right thought process will produce strong feeling to succeed which will lead to action. Repeated action leads to good habit. Good habits lead to positive character. Positive character and attitude lead to phenomenal result and destiny.

Begin to take action and make our dreams become real.