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5 Common Mistakes That Prevent People From Becoming Millionaires

5 Common Mistakes That Prevent People From Becoming Millionaires

It is wishful thinking when you want something and you are not willing to make any sacrifice for it. Wealth is wanted by many people but they keep taking the fruitless route in getting it. it is good to study what defines the success of the wealthy before you setting out on your journey to become a millionaire. It will not simply help you to become wealthy but also to stay wealthy. Try and avoid these popular mistakes that could hurt your chances of becoming a millionaire.

They are not trying

“As long as you’re going to be thinking anyway, think big.” –Donald Trump

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It takes effort and lots of hard work to become successful. Most time people work hard not to become wealthy but simply to pay the bills. It all depends on the mindset we use to approach wealth because this can have a direct effect on how much money you make. Rather than focus on just working, you need to start trying to become a millionaire. Make sure it is a goal rather than just working to “get by.”

They don’t believe

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” – Warren Buffet

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A lot of people adore the wealthy but they can’t ‘see’ themselves becoming one. They think that the rich must have done something crooked and evil to become wealthy. They would rather envy the wealthy and blame this or that for their inability to become wealthy. All millionaires see money as something they are entitled to have. You have to develop your positive thinking to make sure you attain wealth. Don’t make that mistake that wealth belongs to a certain few and you cannot be among that few.

They don’t trust in their guts

“Screw it, Let’s do it!” –Richard Branson

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If you want to be wealthy you have to stop listening to what other people say about you. You don’t need to look down at yourself or what you can do with the resources you have at your disposal. Being a millionaire is an energetic journey that can only be taken by you. And you have to let your instincts direct you at certain times on what smart decisions you have to take.

They procrastinate

“While the masses are waiting to pick the right [lotto] numbers and praying for prosperity, the great ones are solving problems.” – Steve Siebold

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A lot of people tend to wait when they need to be taking action. A lot of people wait for the right time, the right amount of money or a better opportunity before they take action. You can’t afford to wait for success, you have to go out to meet it. No one is going to fix your problems except you. Procrastination is a thief of time and all that waiting will stop you from achieving what you really want and becoming the person you can be. You can’t leave your pursuit of wealth to chance or allow external factors to determine what you can become.

They have a terrible relationship with money

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

To be successful you have to treat money the same way a jealous lover treats his/her partner. You have to improve your relationship with money to become a millionaire. Having a healthy relationship with money means you are responsible, respectful and do honorable things with money. Learn to see money as a tool to becoming what you want to be. Once you start seeing money as a liberator rather than a necessary evil, you will be able to purchase a financial peace of mind and attract more opportunities.

Featured photo credit: https://unsplash.com/ via unsplash.com

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Casey Imafidon

Specialized in motivation and personal growth, providing advice to make readers fulfilled and spurred on to achieve all that they desire in life.

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Last Updated on November 15, 2018

Success In Reaching Goals Is Determined By Mindset

Success In Reaching Goals Is Determined By Mindset

What do you think it takes to achieve your goals? Hard work? Lots of actions? While these are paramount to becoming successful in reaching our goals, neither of these are possible without a positive mindset.

As humans, we naturally tend to lean towards a negative outlook when it comes to our hopes and dreams. We are prone to believing that we have limitations either from within ourselves or from external forces keeping us from truly getting to where we want to be in life. Our tendency to think that we’ll “believe it when we see it” suggests that our mindsets are focused on our goals not really being attainable until they’ve been achieved. The problem with this is that this common mindset fuels our limiting beliefs and shows a lack of faith in ourselves.

The Success Mindset

Success in achieving our goals comes down to a ‘success mindset’. Successful mindsets are those focused on victory, based on positive mental attitudes, empowering inclinations and good habits. Acquiring a success mindset is the sure-fire way to dramatically increase your chance to achieve your goals.

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The idea that achieving our goals comes down to our habits and actions is actually a typical type of mindset that misses a crucial point; that our mindset is, in fact, the determiner of our energy and what actions we take. A negative mindset will tend to create negative actions and similarly if we have a mindset that will only set into action once we see ‘proof’ that our goals are achievable, then the road will be much longer and arduous. This is why, instead of thinking “I’ll believe it when I see it”, a success mindset will think “I’ll see it when I believe it.”

The Placebo Effect and What It Shows Us About The Power of Mindset

The placebo effect is a perfect example of how mindset really can be powerful. In scientific trials, a group of participants were told they received medication that will heal an ailment but were actually given a sugar pill that does nothing (the placebo). Yet after the trial the participants believed it’s had a positive effect – sometimes even cured their ailment even though nothing has changed. This is the power of mindset.

How do we apply this to our goals? Well, when we set goals and dreams how often do we really believe they’ll come to fruition? Have absolute faith that they can be achieved? Have a complete unwavering expectation? Most of us don’t because we hold on to negative mindsets and limiting beliefs about ourselves that stop us from fully believing we are capable or that it’s at all possible. We tend to listen to the opinions of others despite them misaligning with our own or bow to societal pressures that make us believe we should think and act a certain way. There are many reasons why we possess these types of mindsets but a success mindset can be achieved.

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How To Create a Success Mindset

People with success mindsets have a particular way of perceiving things. They have positive outlooks and are able to put faith fully in their ability to succeed. With that in mind, here are a few ways that can turn a negative mindset into a successful one.

1. A Success Mindset Comes From a Growth Mindset

How does a mindset even manifest itself? It comes from the way you talk to yourself in the privacy of your own head. Realising this will go a long way towards noticing how you speak to yourself and others around you. If it’s mainly negative language you use when you talk about your goals and aspirations then this is an example of a fixed mindset.

A negative mindset brings with it a huge number of limiting beliefs. It creates a fixed mindset – one that can’t see beyond it’s own limitations. A growth mindset sees these limitations and looks beyond them – it finds ways to overcome obstacles and believes that this will result in success. When you think of your goal, a fixed mindset may think “what if I fail?” A growth mindset would look at the same goal and think “failures happen but that doesn’t mean I won’t be successful.”

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There’s a lot of power in changing your perspective.

2. Look For The Successes

It’s really important to get your mind focused on positive aspects of your goal. Finding inspiration through others can be really uplifting and keep you on track with developing your success mindset; reinforcing your belief that your dreams can be achieved. Find people that you can talk with about how they achieved their goals and seek out and surround yourself with positive people. This is crucial if you’re learning to develop a positive mindset.

3. Eliminate Negativity

You can come up against a lot of negativity sometimes either through other people or within yourself. Understanding that other people’s negative opinions are created through their own fears and limiting beliefs will go a long way in sustaining your success mindset. But for a lot of us, negative chatter can come from within and these usually manifest as negative words such as can’t, won’t, shouldn’t. Sometimes, when we think of how we’re going to achieve our goals, statements in our minds come out as negative absolutes: ‘It never works out for me’ or ‘I always fail.’

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When you notice these coming up you need to turn them around with ‘It always works out for me!’ and ‘I never fail!’ The trick is to believe it no matter what’s happened in the past. Remember that every new day is a clean slate and for you to adjust your mindset.

4. Create a Vision

Envisioning your end goal and seeing it in your mind is an important trait of a success mindset. Allowing ourselves to imagine our success creates a powerful excitement that shouldn’t be underestimated. When our brain becomes excited at the thought of achieving our goals, we become more committed, work harder towards achieving it and more likely to do whatever it takes to make it happen.

If this involves creating a vision board that you can look at to remind yourself every day then go for it. Small techniques like this go a long way in sustaining your success mindset and shouldn’t be dismissed.

An Inspirational Story…

For centuries experts said that running a mile in under 4 minutes was humanly impossible. On the 6th May 1954, Rodger Bannister did just that. As part of his training, Bannister relentlessly visualised the achievement, believing he could accomplish what everyone said wasn’t possible…and he did it.

What’s more amazing is that, as soon as Bannister achieved the 4-minute mile, more and more people also achieved it. How was this possible after so many years of no one achieving it? Because in people’s minds it was suddenly possible – once people knew that it was achievable it created a mindset of success and now, after over fifty years since Bannister did the ‘impossible’, his record has been lowered by 17 seconds – the power of the success mindset!

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