Sunday, February 18, 2007

The Millionaire Mindset

The Millionaire Mindset

You could ask anyone if they want more money and their answer would be “yes”. Money enables an increase in the quality of our lives in many ways. Flexibility of lifestyle, choosing when and how hard you want to work, charitable gifts, or that new Porsche are best achieved by having more money.
So why don’t we have more money? Is it lack of desire, work ethics, skill, knowledge, luck, opportunity, effort? The difference is what and how we think. The difference is the Millionaire Mindset.
The Millionaire Mindset is critical in accomplishing prosperity whether in our personal or professional lives. All of the motivation, knowledge, and systems in the world will not get us there without the mindset of the prosperous.
Zig Ziglar wrote ”The most important tool you have in your arsenal is integrity. Where you start is not as important as where you finish”. Two important parts of the millionaire mindset.
Anthony Robbins states “Your potential is determined (or limited) by your self-belief. Most people have self-doubt around universal times”. Self-confidence is a major factor in the millionaire mindset.
Brian Tracy’s rules include “ I’ve found that luck is quite predictable. If you want more luck take more chances. Be more more active. Show up more often. & A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power”.The millionaire mindset includes these two key components.
“ We are indeed resolute in creating profits and better financial situations for hundreds or even thousands of Reps. But we are more resolute in doing business correctly, with God as our guide….” Tim Darnell, President & Founder, Advantage Conferences, LLC & The Millionaire Mindset Conference.
Russ Whitney states “ Your attitude toward money - how you think about it, make it and manage it- is a key part of developing the Millionaire Mindset and building wealth”.
Seven simple components of the mindset that creates millionaires:
1. Integrity
2. Sustained Unwavering Belief
3. Self Confidence
4. Showing up- Becoming more active
5. Clear vision
6. Definate plans
7. Doing what is right

The good news is these qualities are in all of us. Those that choose to bring them to the forefront enjoy the success. We all know the 80/20 principal. The 20% have chosen to live a life that is blessed and abundant. Don’t you deserve the mindset of a millionaire?

Mentoring

Why Mentoring?

Why don’t you just learn how to play golf by reading a magazine? Why don’t you just go to the library to learn how to play golf? Why on earth would anybody pay Butch Harmon or Hank Haney $2,000 an hour, and often much more than that and spend multiple hours, day after day with them to learn one simple concept to improve their swing? Because their instruction has the corresponding value! In fact, their instruction translates into millions of dollars for some of their students. These professionals have the crucially important information that you can’t get from reading a magazine or going to the library, or for that matter doing it on your own. If you want to play better, you need a mentor, a mentor that has been there and done that.

The same thing is true in the business world. Most who think it is better to go to the library or do a Google search for millionaire insight will first of all, never go to the library, and second of all, they’ll be hugely disappointed from what they find from that reading. Real millionaire mentors are not necessarily professional speakers and authors. Virtually all published material about success are from professional speakers and authors. They made and will make their money by writing and speaking-selling their books. Audios, and DVD’s. Most are very good at their craft. But while their materials are entertaining, they are also quite similar, predictable, and provide only short term motivation. Mentoring is an ongoing process of insight and motivation.

What is valuable is to find real people who are actually in their fields, other industries, other endeavors that have made millions by offering value through their service and or tangible products. These people have become successful, not by going to the library, oh no. They became successful by struggling their buns off for years, and gaining experience that has not been recorded or published, other than on rare occasions. That experience is something you should know. Each person should pay a corresponding dollar amount for that value. Mentoring from very real millionaires not authors and speakers, but from the mouths of the people who lived their unique and amazing stories is priceless and could change your life.

Mentoring from someone who has gone bankrupt building their business, some multiple times is different. Their business was built by making mistake after mistake and yet they prevailed. Knowing their mistakes, their struggle, understanding what “tenaciously prevailed” really means along with the corresponding lessons that resulted from those real life experiences is of value.

Personal contact with millionaires alone is huge. Why do you think people join country clubs that cost $150,000? It’s not just the golf or tennis. They do it because contact with these people is of value. They know things, concepts, strategies, and people you don’t.

Mentoring is the lever that delivers the insight to dislodge the burden of mounting debt, small thinking, small income, insignificant pay raises, inflation, rare vacation time, little to no savings, the pain of unexpected expenses, and stagnant unfulfilling careers. Those who scoff at the concept of independence and much greater income potential will not win. They will either wake up to the importance of mentoring, change, business acumen, entrepreneurship, and the power of genuine faith, or they are doomed to repeat the same results they experienced last year.

Procrastination

Procrastination


Procrastination (often linked to perfectionism) is the avoidance of an action or task. For the person procrastinating this may result in stress, a sense of guilt, the loss of productivity, the creation of crisis, and the chagrin of others for not fulfilling one’s responsibilities or commitments. While it is normal for individuals to procrastinate to some degree, it becomes a problem when it impedes normal functioning. Chronic procrastination may be a sign of an underlying psychological or physiological disorder.


Key Reasons of Procrastination

Perfectionism-Avoiding getting into a situation that would reveal imperfection.
Fear of Failure- Nervous about other’s reaction.
Inability to Prioritize- Jumping from one task to the other instead of working on the most
To least important.
Inability to Make Decisions- You need to make the right decision, but you need to make a
Decision.
Distractions-Anything that is not work related.
Unpleasant- Anything unpleasant is more easily put off.
Complexity- Projects that are complex can feel overwhelming if not taken a bit at a time.


Outcome of Procrastination

When you put off something you need to do, then you get behind. When you get behind, you get depressed. When you get depressed, it reduces your energy. The farther you fall behind the more depressed you get. Procrastination leads to depression. Depression leads to procrastination.


Overcoming Procrastination

The first step in overcoming procrastination is knowing what you want. This is true in both your personal & professional life. If you have not decided what you want, it is easy to stray from one project or dream to the other.

The next step in overcoming procrastination is to take action. Most people know what they want, but are afraid to do what they know they need to do. Fear is the most common reason for procrastination. If you did not feel that failing would be more uncomfortable than not trying, why wouldn’t you do it?


Take that huge task and break it into little pieces. Organize those little pieces into an order of importance. Do the most important to least important project until all are done.
When you have completed this big task you gain self confidence.


Take that first step. Even if it is small, you have already started the project.


People that are successful in any endeavor are not necessarily lucky. They have overcome procrastination by looking at the results of a project, not the task of doing it.
If your focus is on the painful task of doing the project, rather than the benefits of it’s completion, you will likely procrastinate.

References
1. Procrastination.(http://wikipedia.org.)