As a millionaire, I’ve learned that most people want to know the truth about wealth.
Many people believe that the only way they can become a millionaire is if they marry it, inherit it, or save it. While they have a point, the only people who become millionaires are the ones who earn it.
That’s right, most millionaires aren’t lucky people who randomly found their paths or have been born into it. Instead, they are ordinary people who selected a large goal and worked steadily toward it.
There’s no easy way to become wealthy, but there are many options to earn your fortune. Whether you’re starting a business, developing a high-end career, investing your money, or become a professional entertainer, you must develop a millionaire mentality.
When the mind is ready, the money will come.
No one can achieve wealth by harboring erroneous thoughts. Instead, you must constantly battle the enemy in your mind to find the wealth of your dreams. Moreover, the secret to your wealth is to manifest righteous thoughts and deeds as you accomplish your biggest goals.
1. Practice integrity
Many people think they must sacrifice their integrity to become a millionaire. They assume that rich people cheat on their taxes or swindle people to become rich. Actually, it’s the exact opposite. You can only become a millionaire if you practice integrity. Money only comes to those who can be trusted with it.
Integrity is the cornerstone to developing a millionaire mentality. Like a thoroughbred horse galloping past the finish line, only winners with integrity can sustain reasonable speeds for long stretches of time. If you’ve entered the race without integrity, you will fail to win the ultimate trophy of wealth. Practicing integrity is the backbone of truth wealth and prosperity.
Integrity is telling yourself the truth. Honesty is telling other people the truth.
2. Become social
Since the new millennium, social entrepreneurs can make tremendous financial strides by expanding their influence. Oftentimes, fame can be a prerequisite of wealth. Nowadays, you can strategically build a following while attracting a large number of people to your services. Becoming influential can dramatically increase your wealth.
Instead of reaching out to people, you can have people reach out to you. Many influential people are constantly fed opportunities because of the value they’ve added to their fans. Furthermore, you must have the right team with the right strategy if you want to consistently see results in the financial column.
3. Pay the price
A woman walked up to a grand pianist and said, “I’d give anything to do what you do!” His rejoinder was simple, but pungent: “Yes, except 20 years at 8 hours per day.” The key to success is straightforward – pay the price. Those who pay now will be able to play later. Conversely, those who play now will to pay later. Either way, your life demands a payment.
Depending on your desires, you can set the wager of the price you’d like to pay. If you want massive success, you have to pay a massive price. If you want a modicum of success, you have to pay an infinitesimal price. Moreover, becoming a millionaire is a steep price that requires great risks. Those who pay the price by abiding in their daily habits will receive long-lasting success. Are you willing to pay the price?
Everything we do is a reflection of who we are.
4. Control your mind
If you want to develop a millionaire mentality, you must have complete control of your mind. By feeding your mind with seeds of positivity, you keep the noxious weeds away from infiltrating your mind.
While most people on the internet indulge in miscellaneous information like ‘memes’ and other short-term distractions, you should constantly be seeking new ways to properly entertain, inspire, and educate your mind.
The average person doesn’t know why they do what they do. For instance, a formerly obese woman told me this truth, “I used to eat so much every time I had a bad thought. Little did I know that I was ‘eating away my emotions.'” When you control your thoughts, you master your feelings, which can lead you to take the best actions. Where are your thoughts taking you?
Remember this sequence: Thoughts>>>Feelings>>>Actions.
To change your reality, you must change your mentality.
5. Acquire skills
You need the skills to pay the bills. In our world, many people relish the term ‘jack of all trades, master of none.’ Jacking up a new trade isn’t going to make you rich, but mastering one will. Money only comes to the practitioner of excellence, not the amateur who performs with average ability. If you want to be a millionaire, you must become an expert at what you do.
Challenge yourself by seeking to acquire the necessary skills to achieve your desired wealth. Generally speaking, the richest people on earth have the most skills and are known for their expertise. Here’s a simple guideline: If you’re putting in at least 8 hours per day to intensively craft your skill, your expertise should make you a millionaire within 5 years, assuming your industry has a high-profit margin.
The marketplace is always conditioning ambitious people to become better.
6. Master your language
Our level of income is largely determined by our level of communication. However, it can be challenging to cultivate your language when most of the people around you are murdering it. Since we borrow our language from those who haven’t fully appreciated it, we must be conscientious when taking deliberate steps to change it.
Poor speech cannot be hidden. Like bad breath, the person with uneducated speech is usually unaware of his or her problem. Those who are lazy with their language must suffer the repercussions of lost opportunities. Failure to wield your words correctly will keep wealth away from you. Everyone should keep at least a dozen English books in their homes. Personally, I read the dictionary at least ten minutes per day.
Words are the tools that release the heavens of our mind.
7. Follow the truth
An ancient prophet once said, “The truth will set you free.” Fortunately, our results tells us the truth about ourselves. It reveals what we’ve learned, what we’ve done, and how much we’ve served. What are your results saying about you? Whether you like it or not, those results will give you feedback on what you may need to change. The prevailing truth stands the ultimate test of time.
Your wealth is the sum total of your entire contribution to society. Your rewards derive from your level of service to the marketplace. If you don’t like your rewards, find a way use the truth to create better results. If you do like your rewards, use the tonic of truth to reach a higher level of results. Ask this question: How will I deliver more value to more people in less time?
Your rewards are determined by your contribution to society.
8. Never compete
Most people feel like they must compete to stay ahead. However, competing actually keeps you behind. Competition forces you to copy someone else’s style instead of creating your own. Over time, competition will wear you out because you’ll always try to be better than someone else, rather than being yourself After all, if you’re trying to be everyone else, who will be you?
One day, a prospect advised: “We’re shopping around with other companies. We’ll get back to you.” Instead of worrying about if I would get the business or not, I called them back immediately, “Look, if you’re shopping around, I don’t want to work with you.” Startled and perplexed, they asked, “You mean you’re willing to let us go if we check with your competitor?” Within an hour, I closed my biggest deal of my life.
“Competition is a sin.” – John D. Rockefeller
9. Respect money
Most people don’t get money simply because they don’t respect it. You often hear people saying, “Money isn’t everything” or “I don’t need the money.” Because they’ve downplayed the value of money, they won’t have much of it. Financial rewards are attracted, not pursued. What are you doing to attract money to your bank?
Money deserves respect. To respect money more closely, you must be diligent in your financial affairs. This means that you’ve developed the following habits: saving money, paying your bills early and willingly, knowing the account balance(s), communicating with your spouse, budgeting, etc. When you respect money, you will be able to have more of it. If you can take care of R10 000, then R100 000 will come your way.
“Those who are faithful with little will be faithful with much.’’ – Ancient Phrase
10. Aim higher
Earning R10 Million per year is the same as earning R1 Million per year. The difference is in how high you’ve aimed and your degree of intensity toward your goals. If you set goals big enough to break records, win honorary doctorates, and reach the highest tax-bracket, you will most likely to achieve them. How high will you set your goals?
Related: 7 Tips to Becoming a Millionaire
Most people don’t aim high enough because they are caught up in the daily grind of life. They’re too busy running into the trees, instead of retreating to the mountaintop to catch a glimpse of the entire forest. Take a moment to see the bigger picture. Set your goals so high that they scare you. If they don’t scare you, they won’t prepare you!
If you believe in yourself, everyone will believe in you.
To develop a millionaire mentality, you need to constantly dwell on improving yourself on a daily basis. When you find the appropriate solutions, resolve to take action toward your dreams. Always change your approach and seek new ways of becoming the best at what you do. Your biggest goals will stretch you to become more of who you are. See you at the mountaintop.
This article was originally posted here on Entrepreneur.com.
10 Ways To Develop A Success-Oriented Mindset
Confidence empowered entrepreneurs to take decisive action, and decisive action is what builds confidence.
Take a minute to imagine an entrepreneur you deeply respect. Think of that person at the start of his or her career, working on a product or service that will eventually make it big. Regardless of whom you’ve chosen, chances are the entrepreneur in question had a success-oriented mindset from the outset.
Entrepreneurs who lack confidence or who have a pessimistic mindset will usually fail. It’s hard to motivate people to invest money in a new idea or work for a fledgling company if the entrepreneur behind it lacks confidence. But having a successful mindset isn’t just helpful for those who are launching a new venture. It can also help readers from all walks of life to make smarter decisions that result in better personal or business outcomes.
Here are 10 strategies that can help you develop a winning mindset.
1. Put yourself in challenging new situations
You gain confidence by overcoming challenges, but when you fail to put yourself in challenging new situations because you assume the outcome won’t be positive, you will be unable to grow.
Instead, develop a list of exciting challenges you’re interested in overcoming. They could include exploring a foreign city on your own or enrolling in a challenging business course at your local university. Even volunteering to help with a new project at the office can provide a challenging situation that will foster growth.
Whatever the challenge you select, be sure it is something that interests you; otherwise, it may be difficult to stay focused along the way.
2. Be open to finding a mentor
Mentorship is often discussed with regard to self-improvement and business success. But many professionals assume that finding a mentor is as simple as asking a senior professional for help.
However, as Sheryl Sandberg argues in the Harvard Business Review, finding a mentorship doesn’t work that way. Instead, professionals need to put themselves in situations where they can build real relationships with senior business leaders.
In time, after an existing relationship has formed, it may be appropriate to ask a senior professional for mentorship. That means readers will need to make themselves available to build professional relationships before they can secure a mentor who can help them grow.
3. Think of failure as a learning opportunity
Failure is an outstanding learning opportunity. If you find yourself succeeding frequently, it may be a sign that you aren’t challenging yourself enough.
Develop a mindset that views failure as an experience to learn from. By reframing failure, you’ll find it is easier to take risks. Adopting this mindset will leave you less prone to anxiety, which is key to creating a winning attitude.
4. Keep a folder of your proudest moments
While it’s important to focus on the present and future instead of the past, maintaining a collection of moments you’re proud of can serve as a helpful reminder when you’re feeling down. By periodically reviewing past successes, you may find inspiration for future projects. At the very least, you can use past successes as a way to build long-term confidence.
5. Surround yourself with top talent
Environment plays a significant role in creating our mindsets. After all, we’re social creatures and are influenced by those around us. Surround yourself with talented individuals who can teach you new things and who can encourage you to grow personally and professionally.
If you’re involved in the hiring process at your organisation, look for prospective employees who are better or smarter than you. This will help create an environment that can consistently encourage you to form a successful mindset.
6. Find time to disconnect from stressors
The average American works more hours per week than his or her counterparts in other developed countries. Furthermore, the average number of hours worked has been steadily growing since the 1980s. Unfortunately, work-related stress has been creeping up at the same time.
Readers should find time to disconnect from work-related stress that can make it difficult to adopt a success-oriented mindset. Traveling can be a good way to disconnect, as can adopting a daily meditation practice.
7. Develop a simple morning routine
According to lifestyle gurus like Tim Ferriss, we are shaped by our morning routines. That means it’s important for readers interested in developing a new mindset to develop new habits as well.
Since your morning has the power to make or break your entire day, consider creating a simple morning routine that positions you to have a successful day.
For example, waking up earlier than normal can give you time to focus on yourself in ways that might have otherwise been impossible. With the extra time you can go to the gym or develop a meditation practice to reduce stress, as mentioned above.
8. Set time-bound and achievable personal goals
More than 90 percent of New Year’s resolutions fail. If you’re serious about changing your mindset, you should take a different approach to goal setting. Instead of relying on a New Year’s resolution, create time-bound goals that you know are achievable from the outset. Approaching goal setting from this angle will help to build your confidence, which in turn will reshape your thinking.
9. Listen to your instincts
Part of developing a winning mindset is learning to trust your instincts. According to the Harvard Business Review, we are usually capable of making smart decisions when we rely on our gut instincts.
Confidence in your instincts is a critical component of business success. While it’s usually ideal to rely on research and data to make decisions, there are a variety of scenarios in when empirical evidence is unavailable or inconclusive. In these situations, people with a winning mindset are comfortable making decisions with their gut. This serves them well in the long run.
10. Avoid stagnation
If you feel as though you aren’t learning new things in your personal or professional life, it’s time to change it up. Avoid stagnation in order to continue to grow. This will help you to face new challenges and overcome new obstacles.
Developing a successful mindset can take time. To get started, focus on learning new skills and putting yourself in new situations. By overcoming adversity, you’ll begin to develop faith in yourself.
Establish morning routines and build a network of talented colleagues and mentors in order to avoid stagnation and achieve moments you can be proud of.
This article was originally posted here on Entrepreneur.com.
The Anatomy Of Peak Performance
Besides paying lip service to “positive thinking” what is the reality behind hard work and the remuneration for it?
“The quality of your life is dependent upon the quality of the questions that you ask”
– Tony Robbins
Positive thinking clichés
We all have heard repetitive clichés emanating from the mouths of our parents, teachers, friends and family such as:
- “Just work hard and you shall be rewarded”
- “What you sow you shall reap”
- “Think positively and all will be better”
- “Do not worry tomorrow will be a better day”
Yet most family members and friends will complain that they work hard but that, in their minds, they are overworked and under paid. Besides paying lip service to “positive thinking” what is the reality behind hard work and the remuneration for it?
The purpose of hard work
“Whatsoever your deepest driving desire is, so shall your thoughts be, as your thoughts are, so shall your deeds be, and your deeds shall echo in all eternity” – Upanishads
“As a man thinketh so is he.” – Proverbs
The only real reason for hard work is to build perseverance and “strengthen your spine” because it is very hard to give up on a cause if you have sincerely put in a lot of hard work. However take the time to consider that when you really love what you do and you live your purpose, long hours do not feel so long and hard work can even be energising as opposed to making you tired all the time. When you are driven by purpose and love what you do there is less stress involved within your efforts and better performance will result.
Of the upmost importance is the quality of the work that you put in versus the amount of hours spent doing your work. A razor sharp focus on the activities that serves your business purpose and vision which in turn increases profits is a requirement of smart work.
The Pareto principle applies here:
On average team members spend only 20% of their time on the activities that really serves the business purpose and vision and brings in the desired business results and 80% on activities that does not fully support business results or only to a very small degree. Smart and quality work is therefore ensuring a razor sharp focus and spending 80% of your time on the 20% of the activities that really drives business results.
“The quality of your life is dependant on the quality of the questions that you ask”
– Tony Robbins
How do I identify the twenty percent of the activities that bring in the profits and serves our collective purpose? Now, that is already a better quality question than for example: “Why am I so tired? Why am I so de-motivated? When you ask high quality questions you are already starting to train your brain to come up with better quality answers that will lead up to better quality actions, that is if the reader is brave enough to venture outside of the self-imposed boundaries of his or her own comfort zone.
The following table clearly highlights the difference between high and low quality questions. High quality questions that is answered and acted upon consistently leads to peak performance and lowered stress levels.
Low quality questions often leads to excuses that are void of solution driven thinking and increased stress levels:
|High quality question. (Peak performers should ask)||Low quality question. (That generally leads to poor performance)|
|What creative solutions can we come up with in order to generate more leads from our marketing campaigns?||Why is it so difficult to get leads?|
|Which accurate metric system can we put in place in order to measure all activities that will reveal which ones drive the most profit?||Why am I so overwhelmed by everything that needs to be done?|
|What type of candidate with which type of characteristics do we need to serve our collective purpose?||Why is it so hard to find the right person?|
|How can we align all our processes and systems and remove waste (waste of time and waste of effort) to deliver better results?||I am so tired and demotivated, why is this not working?|
The three pillars of peak performance in business and any area of life
1. A laser focus on Purpose
Being purpose driven and doing what you love is a key factor in producing the desired results and delivering a great performance consistently. Then people start acting out of own accord and no longer have to be asked to do their work.
2. People skills
Sincerely care for people. Study and learn until you know how to speak to different personality types and respect different world views in order to get the best out of each individual. Inspire people to want to do what they sincerely love instead of constantly telling them what to do. Ask high quality questions to your team members to help them to train their brains to come up with high quality answers and solutions. Study human behaviour to understand your clients better and improve upon your people skills in order to enhance your customers’ experience of your product and service.
3. Technical skills
A high level of product knowledge, sales skills, and knowledge of all business processes and systems is of course a requirement of sustainable success. Technical skills only however becomes a potent driver of sought after business results when combined with highly developed people skills.
A peak performance equation
Carefully selecting from the key points of this article the following “peak performance” equation is created:
Being Purpose driven x Asking high quality questions x taking immediate action (no procrastination) x developing to a high level of people skills x developing to a high level of technical skill x Removal of waste (Time wasters and a waste of effort) = Peak performance.
**** Multiplication is used within this equation to portray the fact that all elements within this equation is necessary to create a peak performance environment. Therefore if one element equates to zero the answer is zero, and will not lead to a peak performance environment.
You Need This One Trait To Succeed In Reaching Your Goals
In education, we know how to measure IQ, but what if doing well in school and in life depends on much more than your ability to learn quickly and easily?
When Angela Duckworth started teaching Grade 7 maths, she realised that IQ was not a reliable predictor of who would be her best and worst students. In fact, some of her strongest performers did not have stratospheric IQ scores. Equally, some of her smartest kids weren’t doing so well. Duckworth was convinced that each of her students could learn the material if they worked hard and long enough.
After several years of teaching, she came to the conclusion that a much better understanding of students and learning is required from a motivational and psychological perspective. In education, we know how to measure IQ, but what if doing well in school and in life depends on much more than your ability to learn quickly and easily?
Identifying the success factor
So, Duckworth left the classroom and went to graduate school to become a psychologist. She started studying kids and adults in all kinds of super challenging settings, and in every study her question was, who is successful here and why? Her research team went to West Point Military Academy and tried to predict which cadets would stay in military training and which would drop out. They went to the National Spelling Bee and tried to predict which children would advance furthest in competition.
They studied rookie teachers working in tough neighbourhoods, asking which teachers were still going to be there by the end of the school year, and who would be the most effective at improving their students’ learning outcomes. They partnered with private companies, asking, which of their sales people would keep their jobs? And who would earn the most money?
In all those different contexts, one characteristic emerged as a significant predictor of success, and it wasn’t social intelligence. It wasn’t good looks, physical health, and it wasn’t IQ. It was grit.
What is grit?
Grit is passion and perseverance for very long-term goals. Grit is having stamina. Grit is sticking with your future, day in, day out, not just for the week, not just for the month, but for years, and working hard to make that future a reality. Grit is living life like it’s a marathon, not a sprint.
“To me, the most shocking thing about grit is how little we know, how little science knows, about building it,” says Duckworth. “I do know that talent doesn’t make you gritty. Our data show that many talented individuals do not follow through on their commitments and that grit is usually unrelated or even inversely related to measures of talent.
“So far, the best idea I’ve heard about building grit in kids is something called ‘growth mindset’. This is an idea developed at Stanford University by Carol Dweck, and it is the belief that the ability to learn is not fixed, that it can change with your effort. Dr. Dweck has shown that when kids read and learn about the brain and how it changes and grows in response to challenge, they’re more likely to persevere when they fail, because they don’t believe that failure is permanent.”
Angela Lee Duckworth is based at the University of Pennsylvania, where she studies concepts such as self-control and grit to determine how they might predict academic and professional success.
Learning to Win
“You cannot win the game by simply participating.
You cannot win the game by simply showing up.
You cannot win the game when you are obsessed with what others are doing.
You cannot win the game by simply reading the instructions.
But here’s the thing…
Participating counts. Showing up counts. An awareness of what others are doing counts.
Reading the instructions counts. In isolation our actions mean little. But when you weave them all together, something magical happens. Winners weave.” — Erik Kruger (Personal Development & Leadership Coach and Speaker)
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