Secrets Of The Subconscious Millionaire Mind Part 2
5: Do You Think Big Or Small
Wealthy individuals think big. Poor individuals think small. You'll be paid in direct proportion to the value you deliver according to the market. The key word is value. It's crucial to know that 4 factors determine your worth in the market: supply, demand, quality, and quantity. In my experience, the factor that presents the greatest challenge for most individuals is the quantity. The quantity factor plainly means, how much of your value do you actually deliver to the market.
A different way of stating this is, how many individuals do you really serve or impact? In my business, for example, some trainers prefer teaching little groups of 20 individuals at a time, others are comfortable with a 100 participants in the room, others like an audience of 500, and still others love audiences of a 1000 to 5000 or more.
Is there a difference in income among these trainers? You better believe there is! Think about the network marketing business. Is there a difference in income between somebody who has 10 people in his or her down-line and soul who has 10000 individuals? I'd think so! How do you wish to live your life? How do you wish to play the game? Do you wish to play in the major leagues or in the little leagues, in the majors or the minors? Are you going to play big or play little? It's your choice.
Most individuals choose to play little. How come? First, because of concern. They're scared to death of failure and they're even more frightened of success. Second, individuals play little, as they feel little. They feel unworthy. They don't feel they're great enough or important enough to make a true difference in people's lives.
But hear this: Your life isn't simply about you. It's also about contributing to other people. It's about living true to your mission and reason for being here on this earth at this time. It's about adding your part of the puzzle to the world. Most individuals are so stuck in their egos that everything revolves around me, me, and more me. But if you wish to be wealthy in the truest sense of the word, it can't only be about you.
It has to include adding value to others lives. We each came to this earth with innate talents, things we're just by nature good at. These gifts were given to you for a reason: to utilize and share with other people. Research shows that the happiest individuals are those who use their innate talents to the utmost. Part of your mission in life then must be to share your gifts and value with as many individuals as possible. That means being willing to play big.
Do you know the definition of an entrepreneur? The definition I use is an individual who solves troubles for people at a profit. That's right, an entrepreneur is nothing more than an issue solver.
So I ask you, would you rather solve troubles for more individuals or fewer individuals? If you replied more, then you have to start thinking bigger and decide to help massive numbers of individuals--1000s, even 1000000s.
The by-product is that the more individuals you help, the richer you get, mentally, emotionally, spiritually, and definitely financially. Make no mistake; each individual on this planet has a mission. If you're living right now, there's a reason for it. What I've witnessed is too many individuals not doing their job, not fulfilling their duty.
I watch too many individuals playing far too small, and too many individuals letting their fear-based ego selves rule them. There's that too many of us are not living up to our total potential, in terms of both our own lives and our contribution to other people. It comes down to this: If not you, then who? Again, everybody has his or her unequalled purpose.
Perhaps you're a real property investor and purchase properties to rent them out and make cash on cash flow and appreciation. What's your mission? How do you help? There's a great chance you add value to your community by assisting families find affordable housing they might not otherwise be able to discover.
Now the question is how many families and individuals may you help? Are you willing to help 10 instead of one, 20 rather than 10, 100 rather than 20? This is what I mean by playing big. The world doesn't need more individuals playing little. It's time to stop hiding out and begin stepping out. It's time to stop needing and begin leading. It's time to begin sharing your gifts rather than hoarding them or pretending they don't exist.
In the end, little thinking and little actions lead to being both broke and unfulfilled. Big thinking and big actions lead to having both cash and meaning. The choice is yours!
Proclamation: Place your hand on your heart and state... I think big! I prefer to help 1000s and 1000s of individuals! Touch your head and state... I've a millionaire mind!
1. Put down what you feel to be your innate talents. These are things you've always been by nature good at. Likewise write how and where you may utilize more of these gifts in your life and particularly your work life.
2. Put down or brainstorm with a group of individuals how you may solve issues for 10 times the number of individuals you impact in your job or business today. Come up with at least 3 different techniques. Think leverage.
6: Chances Or Roadblocks
Rich individuals center on chances. Poor individuals center on roadblocks. Rich individuals see opportunities. Poor people see obstacles. Rich people see likely growth. Poor people see likely loss. Rich people center on the rewards. Poor center on the perils. It comes down to the age-old question, Is the glass half empty or half full? We're not talking favorable thinking here, we're discussing your habitual perspective on the world. Poor individuals make choices based upon concern.
Their brains are perpetually scanning for what is wrong or could go wrong in any spot. Their primary mentality is What if it doesn't work? or, more frequently, It won't work. Middle-class individuals are slightly more affirmative. Their mentality is I certainly hope this works. Rich individuals, as we've stated earlier, take responsibility for the results in their lives and act on the mentality It will work as I'll make it work. Rich people anticipate succeeding.
They've confidence in their abilities, they've confidence in their creative thinking, and they trust that should the doo-doo hit the fan, they may discover a different way to succeed. Generally speaking, the higher the reward, the higher the peril. As they constantly see opportunity, rich individuals are willing to take a risk. Rich individuals believe that, if worse comes to worst, they may always make their cash back.
Take A Good Look At You
Poor people, expect to fail. They lack self-assurance in themselves and in their abilities. Poor individuals trust that should things not work out, it would be ruinous. And as they perpetually see roadblocks, they're commonly unwilling to take a risk. No risk, no reward. For the record, being willing to risk doesn't inevitably mean that you're willing to lose. Rich individuals take educated risks.
This means that they research, do their due diligence, and make choices based on solid data and facts. Do rich individuals take forever to get educated? No. They do what they may in as short a time as possible, then make an informed conclusion to go for it or not. Although poor individuals claim to be preparing for a chance, what they're commonly doing is stalling. They're frightened to death, hemming and hawing for weeks, months, and even years on end, and by then the chance commonly vanishes.
Then they rationalize the situation by stating, I was getting ready. Sure enough, but while they were getting ready; the wealthy guy got in, got out, and made another fortune. I know what I'm about to state might sound a bit unusual considering how much I value self-responsibility. However, I do believe a particular element of what a lot of individuals call luck is associated with getting wealthy, or, for that matter, with being successful at anything. The point, however, is that no luck--or anything else worthwhile--will come your way unless you take some sort of action.
To succeed financially, you have to do something, purchase something, or begin something. And when you do, is it luck or is it the universe or a higher power supporting you in its marvelous ways for having the bravery and dedication to go for it? As far as I'm concerned, who cares what it is. It occurs! A different key principle, pertinent here, is that rich individuals center on what they want, while poor individuals center on what they don't want. Again, the universal law says, What you center on expands.
Because rich individuals center on the opportunities in everything, opportunities abound for them. Their greatest issue is handling all the incredible lucrative possibilities they see. On the other hand, as poor individuals center on the roadblocks in everything, roadblocks abound for them and their greatest issue is handling all the incredible roadblocks they see. It's simple. Your field of focus decides what you find in life.
Center on opportunities and that's what you find. Center on roadblocks and that's what you find. Do you want some easy but exceedingly rare advice? Here it is: If you wish to get rich, center on making, keeping, and investing your cash. If you wish to be poor, center on spending your income. You may read a 1000 books and take a 100 classes on success, but it all comes down to that.
You must as well enter the arena where you wish to be in the future, in any capacity, to get moving. This is far and away the best way to learn about a business, as you see it from the inside. Second, you may make the contacts you postulate, which you could never have made from the outside.
Third, once you're there many other doors of opportunity might open to you. That is, once you see what's really going on, you might discover a niche for yourself that you hadn't realized before. Fourth, you might find that you don't truly like this field, and thank goodness you found out before you got in too deep! I have a motto: Action always beats inaction. Rich individuals get moving.
They trust that once they get in the game, they may arrive at intelligent decisions in the here and now, make corrections, and adjust along the way. Poor individuals don't trust in themselves or their abilities, so they trust they have to know everything beforehand, which is virtually impossible.
Meanwhile they don't do squat! In the end, by telling themselves, I'm not doing anything till I've identified each conceivable issue and know precisely what to do about it, poor individuals never take action and therefore always lose. Rich individuals see an opportunity, jump on it, and get even richer. As for poor individuals? They're still gearing up! Proclamations: Place your hand on your heart and state . . .
I center on opportunities over roadblocks. Touch your head and state... I've a millionaire mind!
1. Get in the game. Consider a situation or project you've wanted to begin. Whatever you've been waiting for, forget it. Start now from wherever you are with whatever you've got. If possible, do it while working for or with somebody else, first, to learn the ropes. If you've already learned, no more excuses. Go for it!
2. Rehearse optimism. Today, whatever anybody says is an issue or an obstruction, reframe it into an opportunity. You'll drive negative individuals nuts, but, hey, what's the difference? That's what they're constantly doing to themselves anyhow!
3. Center on what you have, not on what you don't have. Make a list of 10 things you're thankful for in your life and read the list out loud. Then read it every morning for the next 30 days. If you don't appreciate what you've got, you won't get any more and you don't require any more.
7: You Have To Promote
Some people are not so thrilled with any promotion regardless of how it may benefit them. If this sounds in any way like you, it's a crucial feature to notice about yourself. Resenting promotion is among the greatest obstacles to success. Individuals who have issues with selling and promotion are commonly broke. It's obvious.
How can you produce a large income in your own business or as a representative of one if you aren't willing to let individuals know that you, your product, or your service exists? Even as an employee, if you aren't willing to promote your virtues, somebody who's willing will quickly bypass you on the corporate ladder.
Individuals have an issue with promotion or sales for many reasons. Chances are you may recognize one or more of the following. First, you might have had a bad experience in the past with individuals promoting to you inappropriately. Perhaps you sensed they were doing the hard sell on you. Perhaps they were bothering you at an inopportune time. Perhaps they wouldn't take no for an answer.
Anyway, it's crucial to recognize that this experience is in the past and that holding on to it might not be serving you today. Second, you might have had a disempowering experience when you tried to sell something to someone and that individual completely rejected you. In this instance, your distaste for promotion is merely a projection of your own fear of failure and rejection.
Once again, realize the past doesn't inevitably equal the future. Third, your issue may come from past parental programming. Many of us were told that it's impolite to toot your own horn. Well, that's excellent if you make a living as Miss Manners. But in real life, when it comes to business and cash, if you don't toot your horn, I guarantee nobody will. Rich individuals are willing to glorify their virtues and value to anybody who will listen and hopefully do business with them too.
Finally, some individuals feel that promotion is beneath them. I call this the magisterial syndrome, otherwise called the Aren't I so special? attitude. The feeling in that case is that if individuals want what you have, they ought to someway find and come to you.
Individuals who have this belief are either broke or soon will be, that's for certain. They give the sack hope that everyone's going to scour the land searching for them, but the reality is that the market is crowded with products and services, and even though theirs might be the best, no one will ever know that because they're too bigheaded to tell anybody.
Robert Kiyosaki, points out that each business, including authoring books, depends upon selling. He notes that he's recognized as a bestselling author, not a best-writing author. One pays a lot more than the other. Rich individuals are commonly leaders, and all great leaders are excellent promoters.
To be a leader, you must inherently have followers and supporters, which means that you have to be expert at selling, motivating, and inspiring individuals to buy into your vision. In brief, any leader who can't or won't promote won't be a leader for long, be it in government, business, sports, or even as a parent. The critical point here isn't whether you like to promote or not, it's why you're promoting. It comes down to your beliefs.
Do you truly believe in your worth? Do you truly believe in the product or service you're offering? Do you truly trust that what you have will be of benefit to whomever you're promoting it to? If you believe in your worth, how could it possibly be appropriate to hide it from individuals who postulate it? Imagine you had a cure for arthritis, and you met somebody who was suffering and in pain with the disease.
Would you hide it from him or her? Would you wait for that individual to read your mind or guess that you've a product that may help? What would you think of somebody who didn't offer suffering individuals their opportunity as they were too shy, too afraid, or too great to promote?
More often than not, individuals who have an issue with promotion don't totally trust in their product or don't fully believe in themselves. Consequently, it's hard for them to imagine that others believe so strongly in their value that they wish to share it with everybody who comes their way and in any way they may.
If you trust that what you have to offer may truly aid individuals, it's your duty to let as many hoi polloi as possible know about it. In that way, you not only help individuals, you get rich! Proclamation: Place your hand on your heart and state... I promote my value to other people with passion and enthusiasm.
Touch your head and state... I've a millionaire mind!
1. Rate the product or service you're currently providing (or you're planning to offer) from 1 to 10 in terms of how much you trust in its value (1 being the lowest, 10 being the highest). If your rating outcome is 79, revise your product or service to better the value. If your outcome is 6 or below, quit offering that product or service and begin representing something you really believe in.
2. Study books, listen to audios and CDs, and take classes on marketing and sales. Become an authority in both of these areas to a point where you may promote your worth successfully and with a hundred percent integrity.
8: Make Your Business Work For You
A major source of passive income is business working for you. This implies generating ongoing revenue from businesses where you don't need to be personally involved for that business to operate and yield a revenue.
Examples include rental real property; royalties from books, music, or software packages; licensing your ideas; becoming a franchisor; possessing storage units; owning vending or other sorts of coinoperated machines; and network marketing, to name just some. It likewise includes setting up any business under the sun or moon that's systematized to work without you. It's a matter of energy.
The idea is that the business is working and producing value for individuals, rather than you. Network marketing, for instance, is an amazing concept. First, it doesn't commonly require you to put up a lot of up-front capital.
Second, once you've done the initial work, it lets you enjoy ongoing residual revenue (another sort of income without you working), year after year after year. Try producing that from a regular nine-to-five job! I can't overstress the importance of producing passive revenue structures. It's easy. Without passive income, you may never be free.
Make It Work For You
But, and it's a big but, did you know that most individuals have a hard time producing passive revenue? There are three reasons. First, conditioning. Most of us were really programmed not to bring in passive income.
Second, most of us were never taught how to bring in passive revenue. The end result is that most of us don't know much about it, and consequently don't do much about it. Finally, since we were never exposed to or schooled about passive revenue and investing, we have never given it much attention.
We have mostly based our career and business choices on generating working revenue. If you understood from an early age that a primary financial goal was to produce passive revenue, wouldn't you reconsider some of those occupation choices? I'm always advocating to folks choosing or changing their business or career to discover a direction where generating streams of passive revenue is natural and relatively easy.
This is particularly important nowadays as so many individuals work in service businesses where they have to be there personally to make cash. There's nothing awry with being in a personal service business, other than that unless you get on your investment horse pretty soon and do exceptionally well, you'll be ensnared working forever.
By choosing business chances that immediately or eventually produce passive revenue; you'll get the best of both worlds--working revenue now and passive income later.
To increase your wealth, you have either to bring in more or live on less. I don't see anybody putting a gun to your head telling you the house you have to live in, the sort of car you have to drive, the clothes you have to wear, or the food you have to consume. You've the power to make selections. It's a matter of priorities.
Poor individuals pick now, rich individuals pick balance. I hate to be the one to have to tell you this, but for the most part, purchasing things for immediate satisfaction is nothing more than a futile attempt to compensate for our dissatisfaction in life.
More often than not, spending money you don't have comes from expending emotions you do have. Again, the idea is to have your cash work as hard for you as you do for it, and that means you have to save and invest instead of make it your mission in life to spend it all.
Rich individuals purchase assets, things that will likely go up in value. Poor individuals purchase expenses, things that will definitely go down in value. Rich individuals collect land. Poor people collect bills. While poor individuals see a dollar as a dollar to trade for something they require today, rich individuals see each dollar as a seed that may be planted to earn a 100 more dollars, which may then be replanted to earn a 1000 more dollars. Consider it.
Each dollar you spend today might actually cost you a hundred dollars tomorrow. The trick is to get schooled. Become acquainted with an assortment of different investment vehicles and financial instruments, like network marketing, real property, mortgages, stocks, funds, bonds, currency exchange, the whole gamut. Then pick out one main area in which to become an authority. Start investing in that area and then diversify into more, later.
It boils down to this: poor individuals work hard and spend all their cash, which results in their having to work hard forever. Rich individuals work hard, save, and then invest their cash so they never have to work hard again.
Proclamation: Place your hand on your heart and state... My cash works hard for me and makes me more and more cash. Touch your head and state... I've a millionaire mind!
1. Get schooled. Take investment seminars. Read leastways one investment book or marketing a month. Read magazines like Money, Forbes, Barron's, and the Wall Street Journal. I'm not suggesting you abide by their advice, I'm suggesting you get acquainted with what financial choices are out there.
Then pick out an arena to become an authority in and begin investing in that area.
2. Change your focus from active revenue to passive revenue. List at least 3 specific techniques with which you may produce income without working, in either the investment or the business field. Start researching and then take action on these techniques. 3. Don't wait to purchase real property. Buy real property and wait.