Mindset of a Millionaire

Much of how rich people think is seated in psychological concepts

It is not desire that holds most people back, but rather the inability to make it happen.

Best psychological tricks

*Used by the wealthy to get ahead.

1. Rich people always believe there's enough money even when they don't have it

Rich people are never afraid to use other people's money. 

+And if they don't have enough money, they'll use other people's money to make it happen. In contrast to people who have almost no money, Rich people will ask if their product or idea is worth the investment.

- Good at picking profitable investments

2. Setting expectations extremely high: Most people in the middle class set their expectations so low, that they never get disappointed when they fail. And according to many ancient philosophies; "You get out of life, what you expect" And since much of the middle class set their expectations so low, they end up with exactly what they expect to get because... They are AFRAID OF FAILURE

The unfortunate reality is that most poor people set their expectations so low that it's due to their fear of failure. Once you raise your expectations to new heights, you find that you become more ambitious and you'll start looking for ways to tackle your expectations 

3. Thinking of Life as a Game

In fact, most rich people think of life, income, and business as one big game and it is one that they would love to win. Instead of holding onto a fear of losing it

- Rich people look at money as a gauge to their achievements

-There's also the excitement we all get when playing games.

- By viewing money as a game, it can make the mundane fun

III. The Rich View Money as Their Friend

Poor people tend to view money as an acquaintance that rarely comes around anymore

Most poor people view money as a necessary evil while rich people view money as a friend in which they can lean on.

Poor people think they have to live with it which explains why they never seem to have enough of it.

IV. Rich People Block Out Fear and operating at a mental level that doesn't give out your comfort zone. Rich people learn how to get comfortable living with their never ending uncertainty.

V. Believing that happiness, fulfillment and success are natural.

The major roadblock that prevents most people from getting rich is their own belief. The middle class think that they struggle because they expect to struggle. Most think that they are worthy of obtaining great wealth because of their belief. One of the greatest tricks that will help to become wealthy is practicing the art of Delaying Gratification.

If you look at most middle class families, they're always stuck living paycheck to paycheck because they haven 't learned how to delay gratification. This problem affects you the most when you're not extremely poor or wealthy. Maybe you generate enough for rent and bills, but by the time the month is over you're back to square one. When given a choice, the typical middle class family will finance a car they can't afford rather than choosing a car that is reliable and gets to work, they will finance a vehicle that they really can't afford. Living a lifestyle they can't afford.

How our monetary system went from cattle to cash to computerization.

 

If the love of money really is the root of all evil, as that famous Biblical proverb would have us believe, then the world has been a particularly malicious place for a very long time. As long as humans possessed something that other humans wanted, we've had to find ways to get something that other humans wanted, we've had to find ways to get something out of the deal before handling said possession over. The end result of all this is the estimated $5 trillion in circulating cash, according to the Bank for international Settlements, that's doing its dirty work around the world. But how did all this currency get out and about in the first place to become the love of our lives? Here's a brief history of how money came to be, well, money.

Have A Cowrie, Man!

In the beginning, there was barter. And it was good. There's no exact determination of when people developed early systems for trading goods for services and/or other products, but the process seems to go back to the ancient Egyptians. Since there was no such thing as cash or coins, cattle and other livestock reportedly became some of the first things humans considered to be currency. (It wasn't just the cows that were exchanged. Their dung was also considered a hot property, used as everything from glue to build homes to poultices for infections.)

Other commodities, including salt, grains and tea, also made their way into this ever-expanding exchange system. 

There was just one problem. These goods might be either too large (the cattle) or too perishable (the produce) to transport. That fact probably explains why by 1200 B.C., regions like China and Africa were gradually moving from cows to cowries. The latter, the shell of a mollusk found in the Pacific and Indian Oceans, was reportedly the earliest predecessor of what we now consider cash.