What’s the most important thing that separates wealthy people from the rest? No, it’s not money. It’s their mindset. That’s why when a man with the mindset of the poor wins a lot of money in the lottery, or gets it through inheritance, he burns it all in a very short period of time.
That’s the same reason why some rich people, who lose all their fortune, make it back almost as fast as they’ve lost it.
Take the case of Donald Trump for example; he lost all his money. What was his reaction? He learned from his mistakes, and in a very short period of time he recovered all his money, maybe he even surpassed his previous net worth.
Life will pay any price you ask for
I am pretty sure that if Donald Trump had one million dollars he would feel like a poor man. Why, because his mindset is fixed on billions not millions. If you don’t believe you can make one billion you will never make an effort to develop the skills, and to take the actions needed to achieve this mighty goal.
So, the first step to achieve a life of unlimited wealth is to work on your mindset. What’s the price that you’ve put on yourself?
How do you acquire the right mindset?
OK, you know that you need to believe in yourself to become a wealthy man. And that life will pay any price you put on yourself. Now what? You need to study the habits, and thought patters of wealthy people.
For example, you need to know what are their spending habits? You need to be careful here, take the information you gather into context.
If a billionaire buys a gold watch that is not an invitation for you to buy one for yourself. The wealthy man could be able to purchase the watch with the change he has in his pocket, for you it may mean spending your annual income.
Use percentages to get a more accurate understanding of their spending habits. What percentage of their net worth do wealthy people use to buy liabilities, and what’s the percentage they use to invest, and buy assets.
What are the things they consider before making an investment? You will be amazed to realize it’s not profit. Many of them focus on the service, the client, or the life changing impact that a product will have for society.
How do wealthy people handle financial crisis? As a general rule, wealthy people invest aggressively on periods of financial crisis. They also try to find new needs that such moments create for society, and they try to optimize their resources and find better ways to achieve more with less.
Is there more to it than that? Of course there is! I just gave you some examples to get you started. But, the important thing you need to remember is that once you acquire the right mindset you will enjoy a life of unlimited wealth.
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