The Millionaire's Mentality

Written by Martin Avis


A friend of mine was given a million pounds ($1.4m) this week. He isn't a millionaire though. Forrepparttar last three years he has been Managing Director of a small company owned by a very rich man. The very rich man is a millionaire 250 times over and his wealth is growing faster than he can count it.

My friend's million is his share ofrepparttar 106797 proceeds fromrepparttar 106798 sale ofrepparttar 106799 company. His boss was made an offer which he viewed as a good return on his investment. So he sold out. My friend got his million and lost his job.

Now, a millionaire would say "What a great opportunity! How can I use my capital to build a real fortune?" Instead, my friend has started looking for another job.

At 43-years old he can't imagine life without a 'proper job.' He is an institutionalized employee.

Being a millionaire, isn't really about having a million pounds or dollars - you need to have a millionaire's mentality.

What is that magical mindset, and how does it differ fromrepparttar 106800 way regular 9-5 folk think?

John Paul Getty said it:

"Luck, knowledge and arduous work - especially arduous work - are all necessarily for a man to become a millionaire. But above all that, he needs what can be calledrepparttar 106801 'millionaire mentality': that essential state of mind and conscience which mobilizesrepparttar 106802 intelligence and allrepparttar 106803 talents of an individual to accomplish his tasks and realizerepparttar 106804 goals he has set for himself in business."

The only thing I would disagree withrepparttar 106805 great J.P. on is 'arduous work.' Sure, to get anywhere you need to work hard, but if you love what you are doing, it is hardly arduous. I prefer to think of 'smart work.'

Keep an open mind. -----------------

True millionaires seerepparttar 106806 world slightly differently. Their minds are open to opportunities. A good example of this alternative way of thinking is Richard Branson,repparttar 106807 boss of Virgin Airlines. The story goes that he had taken a bunch of journalists to LA for his inaugural flight to that city. After a pleasant few days in a top hotel,repparttar 106808 journos were all inrepparttar 106809 lobby waiting for a limo to take them back torepparttar 106810 airport. One young woman went up to Branson and asked himrepparttar 106811 following question:

"Richard, I don't want to be a hack all my life, what isrepparttar 106812 secret to making money?"

Branson looked around and said, "Just keep your eyes open andrepparttar 106813 answer jumps right at you. Look at those outdoor heatersrepparttar 106814 hotel has aroundrepparttar 106815 pool, for example. I've never seen them before, and withrepparttar 106816 English weatherrepparttar 106817 way it is, I'd bet they would sell like hot cakes at home. Find out who makes them and see if you can getrepparttar 106818 UK distribution rights."

Out of interest,repparttar 106819 woman checked it out and was told she could buyrepparttar 106820 rights for $3,000. She didn't bother.

Last year,repparttar 106821 company that did buy those rights was sold for $25m.

Goals -----

Goals arerepparttar 106822 roadmap to our success. With a good map we get to our destination withrepparttar 106823 minimum of fuss. Without one, we flounder and get lost.

Every millionaire - whether they haverepparttar 106824 money yet or not - is goal-focused.

Whatever process you use to set yourself goals, this is one aspect of success that you should never stint on. The simplest method - and one which works well for me - is to have a 'goal moment.' Fifteen minutes set aside each week to focus your mind on your life's 'most desires results.'

On a sheet of paper, landscape (I use a yellow legal pad), make four column headings:

* 1. Goals forrepparttar 106825 next five years * 2. Goals forrepparttar 106826 coming year * 3. Goals forrepparttar 106827 coming month * 4. Goals forrepparttar 106828 coming week

How to Earn What You're REALLY Worth In The New Economy

Written by Louis Burrows


These are exciting times. Every dayrepparttar headlines tell us about someone else who made a fortune almost overnight inrepparttar 106796 new Internet economy.

Of course, not everybody is getting rich. The vast majority of North Americans are actually earning less than they were ten or fifteen years ago. Unless you're one ofrepparttar 106797 lucky few,repparttar 106798 news can be a bit depressing.

But it doesn't have to be that way. Launching yourself intorepparttar 106799 middle of Internet success is easier than you think. Inrepparttar 106800 dynamic ofrepparttar 106801 new economy,repparttar 106802 difference between earning $15,000 and $100,000 a year is really quite simple.

I can't say it is only as easy as changing your state of mind (although attitude is a big part of it). But by knowing some insider secrets and having a solid plan you can work, you can make big, quick strides toward getting your fair share ofrepparttar 106803 new high-tech wealth.

Here are four things you can do NOW:

1. The new wealth is based on people dealing in pure information. Take an inventory ofrepparttar 106804 ways you use or can learn to use information well. Being able to motivate people via email, keeping in close contact with a wide range of associates with your cell phone, and understanding financial statements can all berepparttar 106805 basis for a successful career inrepparttar 106806 new economy.

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