Saturday, September 17, 2022

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.