Drop the Misconceptions and Adopt the Millionaire Mindset
The one question I always ask my clients is:
“Why aren’t you a millionaire?”
The answers almost always come back the same: “Because I don’t have a very good education… I didn’t start early enough in life… I came from a middle or low income background… I didn’t have any good opportunities growing up… I don’t have enough money to start something big… I’m not a risk taker…” Or my personal favorite: “I’m just not a lucky person.”
Every one of these reasons are a few of the many misconceptions that people have about the truly wealthy. If your desire is to become a millionaire, the very first thing you must do is identify these type of pre-conceived notions and discard them. Why? Because they only serve to impose limits on your millionaire potential.
The Forbes 400, surveying the 400 richest people in the United States, found that the high school dropouts among the group were worth $300 million more than university graduates.
The majority of the truly independently wealthy millionaires in North America did not earn their fortunes overnight or by way of gambling, inheritance or a lottery windfall. Nor are they famous actors,musicians or athletes who ‘caught a break’. Most would describe themselves as average students, many of whom had fewer opportunities in life than others. They came from modest backgrounds and earned their wealth through nothing more than desire, hard work, discipline and perseverance. These ‘rags to riches’ groups are the same people that make up the bulk of the millionaire population living in North America today.
They do not live in big fancy homes in upscale neighborhoods. They do not drive expensive, imported cars; wear flashy jewelry or designer labels. They live amongst the rest of us under the cloak of normality and glide through their daily lives going comfortably unnoticed. They live where you live. They shop where you shop.
And the next time you purposely walk by the 50% off bargain bin,stop. Take a good look at who’s rummaging through those sale items. Chances are they are the millionaires of your neighborhood.
What makes this group unique is that each of them subscribes to a different notion of what being wealthy truly is. And rather than flaunting their wealth, they prefer to live a modest lifestyle while their investments continue to grow silently in the background.
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