Money is one of those taboo topics in society that we don’t like to talk about. We’ll admire athletes and celebrities and envy them for the money they have, yet we get uncomfortable when the “m” word is brought up when it comes to us.
I work with people who are interested in being successful in their businesses and lives. When working with groups, it’s not long before I hear someone say, “money isn’t everything,” or “money won’t make you happy.”
My answer is always the same, “I agree with you, more money isn’t everything, and while it doesn’t guarantee happiness, it won’t make me unhappy either. I am still interested in getting more.”
The idea of wanting “more money” is a bad thing only with those who don’t have enough of it. When you want to expand, some unplanned emergency comes along or a giant competitor decides to squash your start-up, politically correct sayings about money will not save you.
Here are some reasons why “more money” is a must for you, your family and your business:
1. The alternative sucks!
The opposite of more money is not having enough money, or worse, being broke. I have first-hand experience with each case. When you lack the reserves or credit, you’re unable to grow your business.
Operating without enough money is like driving a car with the emergency brake engaged. You need more money!
2. You’ll out-live your money
The old saying “life is short” may apply to some things, but when it comes to money, life is too long for most. People are more likely to outlive their money.
Retirement is the single biggest money concern. Nobody wants to be a drain on anyone else. As life expectancies extend, your “more money” financial requirements must also extend.
3. Inflation is a thief
The cost of food, electricity, education, insurance, housing and running a business are increasing. Inflation is an invisible thief and is called the “hidden tax” because you don’t see it in the money you earn but the money you spend. Earning “more money” combats inflation.
4. Prove the naysayers wrong
One of the driving forces in my life has been proving the naysayers wrong. Yes I admit, it’s a bit immature, but there is nothing better than the sense of accomplishment in the face of those that counted you out.
5. No shortage of money
Machines make money and there is no shortage of how much those machines can make. To think that you can’t get your share is ridiculous when you consider that there is approximately $41 trillion dollars in global circulation.
There is a greater shortage of people going for “more money” than there is money. Sounds like a simplification but my entire financial world changed when I realised there was no shortage except for the one in my mind.
6. Someone else will get it
Somebody is going to end up with your ‘more’ if you don’t make a claim to it. Why should it not be you?
People complain about not having money but most people are not staking a claim to what is theirs. Money circulates from person to person and it wants to be active!
7. Money is freedom!
I don’t go to work to work and I don’t go to make money. I go to work each day with the purpose to create freedom for my family and myself. Most wealthy people enjoy the freedom money provides them.
Freedom provides you with the ability to try new things, make new investments and have more choices.
8. You deserve more money
When I understood that I deserved money as much as anyone else and that “more money” did not turn me into some evil, greedy person, I started earning more money.
Commit to getting rid of all limiting beliefs and ideas that may be blocking you from having what you deserve, “more money.”
“More money” is my mantra and there’s nothing wrong with that. Comfort is the enemy of freedom. You will need more money to make dreams a reality.
10 Tips To Become A Millionaire This Year
Becoming a millionaire requires changing your mindset and implementing some changes.
Becoming a millionaire may seem out of your reach, but it’s possible with the right attitude and guidance. The fact of the matter is your income can only grow as quickly as you do, so you need to change your mindset to achieve your goal of becoming a millionaire.
Once you have a millionaire mind, you can’t lose it, no matter what financial or business mistakes you make along the way. To get yourself there, you’re going to need some structure. To help you, I’ve outlined the top ten tips you should follow to become a millionaire this year.
If You Think These 5 Things, You’ll Never Get Rich By The Time You’re 30
Five common mistakes entrepreneurs make when starting a business and how to correct them.
Last week, I had lunch with a millennial who wanted some advice about a business he’s starting. After the usual small talk, we got down to discussing his business plan. Within a short time, it was clear that his business idea was great, his plan for executing was fairly solid and he had gathered together a strong team to help him make it happen.
So far, so good. But, to be frank, this guy has no chance of being successful with his current mentality. What it takes to be rich (or successful in any measure) has a lot more to do with your mindset than your ideas and plans.
From the time we started in business at the ripe ages of six and seven, our Grandpa Joe taught my brother Matthew and me many lessons about the details of running a profitable business. Over the years, we learned about how to create a business plan; how to market our products and services; and how to take care of customers, vendors and employees. All this knowledge has been invaluable to us in creating and running successful businesses. But, what our grandfather taught us about attitude and mindset trumps all other lessons.
Without calling out the specific individual I spoke with recently, below are five “hypothetical” attitudes that will get you nowhere in your journey to success – and the attitudes that should replace them.
5 Habits That Lead To Millionaire Business Success
You need the right habits if you’re going to succeed.
What do all millionaire businesspeople have in common? Well, a lot of things.
I found from a recent study that 80 percent of all millionaires still go to work every single day. They’re working people just like me. But, they have to keep themselves in work or it all grinds to a halt. So what are the habits you need to make your business a success?
Nothing is ever going to come easy. You can look at the likes of Steve Jobs and Bill Gates, as well as the other usual suspects, to realize that success didn’t come with their first venture. Many of them failed time and time again. It took patience for them to become successful.
I read an article recently about 36-year-old teacher Andrew Hallam who became a self-made millionaire on a teaching salary. But, in his spare time he invested smart and lived frugally.
It proves you don’t have to inherit lots of money or become an instant success to make a millionaire business.
You have to be dedicated to your craft if you’re going to become successful. Going back to Bill Gates again, he started his business in the back of his garage. Now that’s dedication.
It’s what I tell all my students. If they’re not dedicated to this, then they should leave. You need to be able to push through the barren periods if you’re going to reach the oasis of success.
3. Ambition and big dreams
Have you ever heard the quote, “Shoot for the moon. Even if you miss you’ll land among the stars”?
I take that to heart because even if you aim to become a billionaire and miss you still might be a millionaire many times over. Take the Wright Brothers as an example. Not content with creating a successful glider in 1902 they went on to create the world’s first airplane in 1903, making four brief flights in Kitty Hawk. It demonstrates the importance of dreaming big because you never know what you might achieve.
4. Learn from mistakes
Every good businessperson will mess something up. It’s inevitable. What’s important is how you learn from your mistakes over time. Do you adapt after making your mistakes?
Millionaire businesspeople always set some time aside to reflect. Then they create a plan of action for ensuring that it doesn’t happen again. Most failed businesspeople put it down to “bad luck.”
5. Focus on niches
This important! Try to take over a whole industry at once and you’ll inevitably get swallowed up by the competition. Start small and control your own niche before moving into another niche. When you master your small area, you can push on and expand.
You’ll be amazed at how much easier it is to expand after you master your own niche/audience first.
Do you have what it takes? That’s the question I always ask novice businesspeople. You need a plan and you need the right habits if you’re going to succeed.
This article was originally posted here on Entrepreneur.com.
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