Millionaire Mindset Life

Stretch Your Thinking Create Your Vision & Achieve


Characteristics of Millionaires

If you want to be a millionaire, you have every opportunity to do so, but you will have to work hard. You have to find a balance between your mindset, your passion, and your goals. To work hard for years, you have to have discipline, a love of your work, and a plan, so you can pay attention to your progress and where you are on the path.

Millionaires today do share many characteristics that make for a lifestyle that is focused on their business, their passion, their goals, and their mindset.  What a person must know before deciding to take the first steps to becoming wealthy is that they are in charge of their own actions, thinking, and decisions. 

This is not a small piece of the puzzle.  Every millionaire was not at one time or another and every millionaire decided to make changes in themselves, their  surroundings, their thinking, their actions, and their habits to become a millionaire.  If you already had these developed, you would already be a millionaire.  It is important to understand that everyone does not have the goal of becoming rich. Many are content and satisfied to earn enough to get by. They have no wish to work hard, spend most of their time on a business, or feel the need to have more money. What one must understand is that the world is full of many people and they are diverse. Don’t expect everyone to understand your own mindset or what you are about. 

All goals are a series of steps. You cannot set the goal to become a millionaire without setting up some shorter-term goals on how you will make it happen.  If you have a goal, then you have to have a plan that lines out how you will attain that goal. Like most things in life, if you don’t plan for it, it won’t happen. Another way to put it is, if you don’t decide how your life will go, then others will decide for you. Know what you want, and how you will get it.

First you have to allow yourself to think independently. Find your own convictions and develop your own vision. Be specific about it and concrete. Put your dream on the table and in the plan. Write it down. Put a date beside it. Now it’s real. Next write down a list of behaviors you need to delete from your life, and a list of those you need to become habit. Number them in the order you feel is important or in the order that will work for you. Put a date by each one. Next write down what skills you have, and what skills you think you will need. This plan will be reviewed, updated, and rearranged often — so don’t sweat over it. Under the skills you need to learn, write down how you intend to do just that. And, yes, put a “to do by” date on each one. Remember that so much can be learned by apprenticing someone else, by getting a mentor, and by learning on the computer free of charge.

Now the hard work begins. You have to learn discipline — step one toward any goal. You have to get a mindset that you control. You have to make decisions about what you want and create it if you don’t have it. You brain controls your actions, but if you practice acting like you want to think, eventually your brain will begin to process these actions as your mindset. It is simple psychology. You don’t need to buy a program that plays positive messages while you sleep, or a book that gives you seven ways to create a millionaire mindset; you have to do the hard work. You can read all the books in the world, but it still comes down to knowing how your mind processes, and then setting out to make it process in a way that will help you meet your goals. Simple, but not easy.

There will be sacrifices. You won’t have much free time. Your friends and family will be demanding of your time, people will expect you to get a regular job, you may have to downsize in a big way, and trade your car for a bike. What you are giving up today will fuel your future. It is your investment in your goal. It is a good thing to live like you have nothing. Maybe you really have nothing. If so then you are halfway there.  To develop the characteristics of a millionaire means hard work, perseverance, and focus. You will have no time or energy to spend on other things that matter to other people. Draw your lines in a place that you can live with. Your life is about to change.

Take time to reflect, and be willing to make changes in your plan. When you don’t have skills, pull in others to work around you who do have the skills and learn from them. You don’t have to know how to do everything, you just have to know how to get it done. Learn, grow, believe in yourself, but not to the point that you don’t listen to others. Be humble and let information dwell in your brain awhile before you make decisions. Know your strengths and your weaknesses and develop those characteristics that create the millionaire thinking process. This will lay the foundation for moving forward toward your goals. Don’t rush the process. Take each step carefully, thoughtfully, and with your eyes open. You will not succeed without some risk, and you will not risk without having to climb over obstacles. So plan to face failure and you will find success.


Here are a 10 common characteristics you can follow starting now to develop a millionaire mindset:


1.  Read for self-improvement


2.  Create multiple streams of income


3.  Live on a monthly written budget


4.  Don’t leave money on the table


5.  Avoid debt


6.  Set daily goals


7.  Don’t be afraid to fail


8.  Be entrepreneurial


9.  Show patience


10.  Think independently 

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