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14 Unique Thoughts About Money that Every Millionaire Has

14 Unique Thoughts About Money that Every Millionaire Has

I’m sure you’ll admit that money pre-occupies most minds most of the time. Yet research shows that money and finances are one of the toughest things to crack. You need only look at the wealth distribution statistics to see the financial plight that most of society finds themselves in. The results? Well, quite clearly, financially wealthy people are in the minority.

Logically, we can only conclude that they are different from the average Joe Sope. Be it their thoughts, speech or actions – they are different. In this post, I want to highlight 14 unique thoughts about money that makes millionaires different.

1. They know money is abundant

Millionaires live in an abundant frame of mind. To them, nothing is limited or scarce. Whilst most people scramble around – doing things they hate – because they believe money will run out, millionaires know that money will never run out.

2. They know money is the root of all good

Whilst most believe “money is the root of all evil”, millionaires know that money is the root of all good. Money solves problems. Money gives you the power to bless others. Money changes lives. Money brings pleasure. Money liberates. In the right hands, money is the root of all good.

“What material success does is provide you with the ability to concentrate on other things that really matter. And that is being able to make a difference, not only in your own life, but in other people’s lives.” – Oprah Winfrey

3. They know money comes from Value Add

Millionaires know that the number one ingredient that attracts money is problem solving. When you solve problems, you add value to other people’s lives. When you add value, people are willing to pay you bucket loads of cash – happily so.

4. They know earning more outweighs saving

Most financial gurus will tell you to “save as much as you can”. That’s why most of society spends 40 – 45 years of their lives working to save for retirement. Whilst the benefits of saving are undeniable, millionaires know that your ability to earn more money is far more important than your ability to save.

5. They live within their means

In modern day society, we suffer from consumerism. It suffocates us to a point of no return. There’s nothing wrong with spending money. But there’s something crazy about spending money you don’t have. Millionaires budget. Within that budget, they understand the importance of spending less than you earn.

6. They know that time and money have little correlation

Passive income is a millionaire’s secret. By definition, passive income is earning money without you physically being present. Whilst the majority of people hustle and trade their time for money, millionaires trade and leverage their brains and assets for money.

7. They know that calculated risks are not optional

“Playing it safe” with your money is a sad way of living your life. Being stupid with your money is also a pathetic way of living life. But somewhere in the middle, lies a sweet spot. And millionaires know this. They take financial risks, in a measured and calculative way.

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“Brave people don’t live forever, but cautious people don’t live at all.” – Richard Branson

8. They choose action not lottery

Whilst hard work and hustling every day is not a priority, waiting for the lottery winnings isn’t going to crack it either. Millionaires act. They believe in action that positions them to make money. The majority of society believe in the lottery, and hinge most of their financial success on luck. We all need some stroke of luck. Millionaires need a stroke of luck, too. But the difference is this: for them luck finds them on the path of action.

9. They value life experience over formal education

Life is a great teacher. It teaches you stuff that formal education will never teach you, especially when it comes to making money. It’s no surprise that most educated people are employed by ‘drop outs’. Millionaires realize that you learn more about money in the real world than you do through formal education.

10. They value education over entertainment

Although millionaires value life experience over formal education, they don’t – for one second – under-estimate the importance of education. They read books. They read current affairs and stay abreast of issues.

Sadly, the majority of society are soaked in entertainment. From television to movies, entertainment occupies a large chunk of their time. Over weekends, it’s parties and clubs – all in the name of entertainment. Millionaires know that money and habitual entertainment are an unhealthy combination.

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“Poor people have a big TV. RIch people have a big library.” – Jim Rohn

11. They know you don’t need money to make money

Millionaires use the power of leverage. I’ve already mentioned that millionaires know that there is an abundance of money. Just because you don’t have money, it doesn’t mean that there isn’t money. In addition I highlighted that money is generated when you add value to people’s lives. When you solve problems, people are willing to pay you.

These two factors alone mean that if you have an idea that can solve problems and add value to other people’s lives and there’s someone out there with an abundant supply of funds, you are in a position to make money.

Focus on solving problems and creating ideas. That way, you’ll move from the notion of “you need money to make money” to “You need ideas to make money”. And millionaires know this.

12. They know money is a magnet

With money, you are able to attract things and people – both good and bad. When you value money, you attract good. When you disrespect it, you attract negative aspects. Millionaires know the magnetic power of money and how it can elevate your life to levels you could never reach without it.

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13. They know making money is a process

There’s no such thing as “overnight success”. Millionaires will tell you it took years to become an overnight success. Genuine millionaires have invested time and effort to eventually generate the ideas that make them millionaires. They have made sacrifices that most are not willing to make.

Becoming a millionaire is a process. Cheat the process at your own peril.

14. They know that money should never steal your peace

Ultimately, millionaires know that money is a resource that liberates. But, it should never steal you peace. It should never be chased at the expense of your health, relationships and other important areas of your life.

Conclusion

As I conclude, I think of Andrew Mason, founder of Groupon – a coupon and discount site. Groupon generated the largest revenue in a 12 month period for a start-up company. Founded in 2008, it generated approximately $350 million in 2010.

What was Mason’s ingredients? Simplicity and value add.

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He harnessed the power of collective buying. He created a win-win solution where customers save a ton of money, businesses gets an influx of customers, and Groupon takes up to 50 percent of the cut.

Where money is concerned, millionaires think differently. Apart from lottery winners and criminals, making millions is no fluke. You have to think, speak and act in a way that reflects that you are not mainstream. Go out there and cash in on your thoughts.

More by this author

Peteni Kuzwayo

Peteni is the founder of Run For Wealth. He shares about entrepreneurship and productivity tips on Lifehack.

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Last Updated on July 4, 2019

25 Killer Sites For Free Online Education

25 Killer Sites For Free Online Education

Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

1. Coursera

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    Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

    Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

    Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

    2. Khan Academy

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      Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

      Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

      3. Open Culture Online Courses

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        If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

        Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

        4. Udemy 

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          Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

          Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

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          5. Academic Earth

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            Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

            Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

            6. edX

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              Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

              7. Alison

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                Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                8. iTunesU Free Courses

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                  A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                  Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                  Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                  ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                  9. Stanford Online

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                    Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

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                    Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                    10. Harvard Extension

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                      Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                      Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                      11. Open Yale Courses

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                        Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                        12. UC Berkeley Class Central

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                          Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                          13. MIT OpenCourseWare

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                            Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                            14. Carnegie Mellon Open Learning Initiative

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                              Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                              15. Codecademy

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                                Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

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                                16. Code

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                                  Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                  In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                  Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                  17. University of London Podcasts

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                                    The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                    18. University of Oxford Podcasts

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                                      Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                      The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                      19. BBC Podcasts

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                                        For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                        Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                        20. TED-Ed

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                                          Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                          Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

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                                          21. LessonPaths

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                                            LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                            22. Memrise

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                                              Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                              Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                              23. National Geographic Kids

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                                                The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                24. Fun Brain

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                                                  Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                  Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                  25. Whyville

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                                                    Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                    Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

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                                                    Featured photo credit: Dai KE via unsplash.com

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