Wealth Mindset: What Is It? Where Do You Get It?

Or What’s Between Your Ears?

Have you ever taken the time to look at your personal financial situation (good, bad, or in-between) and compare it to what is going on inside your own head? Seriously, like it or not, you may in fact be engaged in some sort of self-sabotage and not even be aware of it.

Let’s look at this from another perspective. Think about these names: Bill Gates, Donald Trump, Richard Branson. What thoughts do those names trigger in your head? Are they positive thoughts like, “holy expletive, if they can do it, I can too!” or are they thoughts of envy along the lines of “lucky expletive?” Whatever answer pops into your head says something about you. But why don’t we leave that between you and your therapist for now and see what if we can extract some wisdom from those names above.

Lucky Sperm Club?

To begin, get it out of your head right now that these three super successful individuals are so wealthy because they were born to the right parents in the right city at the right time. Not so much, those factors just determine where you start. Think of it like a track meet where some runners are positioned ahead of the others. That’s just the start. Once the starter pistol fires, each of them is aiming for the same finish line. Now that’s out of the way, what can we learn here?

4 Ways Mindset Matters

If you take a look, it’s easy to spot some common traits that you can take home and use for yourself. Although each of the individuals mentioned above demonstrated it in different ways, the commonalities are plain for all to see.

1.The Big ‘Un

Ready for this one? Perhaps the trait that has had the greatest effect is the one two punch they all employed. It starts with positive expectations. For example, look at their history. Each of them tackles new projects with a sense of positive expectations. For example, remember the early push to get everyone to adopt Microsoft Windows?

But, and this is a big but, a whopper if will, these super successful individuals don’t stop there. They get off the couch and made it happen. They commit to doing whatever it takes to make their dream a reality. Here’s another one for you. You have certainly heard the early stories of Jeff Bezos when Amazon was just getting started. He literally worked his butt off to make his positive expectations a reality. In other words, the one two punch is positive expectations plus action.

2. Eyes Wide Open

The second common mindset we can extract here is that of being open to new opportunities. Who would have thought that you one day you would head to a webstore to buy your books online and then read it on a Kindle? The point is that guys like Gates, Branson, et al are constantly on the lookout for opportunity.

3. Action

There is a now deceased marketing guru (the late Gary Halbert) who used to proclaim that motion beats meditation. Yep! Nothing wrong with prayer, meditation or any other such thing like that. Yet, at some point, you got to get off the couch and do something. Look at the guys we are talking about. Have you read about the early days of Microsoft when Bill Gates was working his butt off? Are you starting to see the point here?

4. Recognize Failure for What It Is

Guess what? Each and everyone of the individuals mentioned above have had failures, sometimes spectacular failures. But, as you have already noticed, all of them are still around and even more successful than ever. Might that be a clue?

In case you were dozing there, here is the Reader’s Digest version for you. Failure is nothing more than the price paid to learn. In other words, instead of bowing their heads and proclaiming “woe is me,” these people picked themselves up from the floor, dusted themselves off and went charging ahead in the next venture. In other words, see failure as the price of admission to the success club. Now it goes without saying, but we had better say it just in case. You have to learn from the failure, not repeat it!

It has been said before, and it is absolutely still true. Success leaves clues. The very successful individuals outlined here all exhibit common mindsets we can copy and use.

What about You?

Now you know. What do you think of the idea of the right mindset?


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Teach me how to improve my finances, 

so that I can buy a home

and stop wasting my money on rent