Becoming a millionaire isn’t the only goal of someone with a Millionaire Mindset; a mindset, as opposed to a goal, makes you reconsider all your choices in light of your values. A goal doesn’t necessarily have values associated with it.
So say you have set a goal of becoming a millionaire, or a multi-millionaire. That goal, alone, is hard to achieve. When you start thinking the way that a millionaire does, however, you can start to tap into the methods that get those people to achieve success.
Areas to Change to Align With Your Millionaire Mindset
Do you need quick gratification?
Making a million dollars is a marathon, not a sprint. Adjusting one’s mindset to see success as something that is on the way, not immediate, will help you get there.
Do you have mostly shallow networking relationships?
Networking is essential in business and in life, but those relationships need to develop into trustworthy, dependable friendships for them to truly yield results. Once you’ve networked, start building a reputation for doing what you say you’ll do. When you need a big ask, they’ll remember all the times you’ve never let them down.
Do you forget to make back-up plans?
There are few sure things in life, so having a plan that fails can be devastating if you don’t have something to fall back on. Small-business and start-up founders often fail several times before they make it. If you fail, figure out what went wrong and try again with your next idea.
Do you prefer present pleasure over future gains?
It’s really hard to build capital when still spending more than you are bringing in. Expecting that income will eventually skyrocket to a million dollars is less likely to get you to your goal than restricting your spending on present fun items. Sure, a new television is great, but is it worth what that money could have made for you as an investment? It’s good to weigh such choices very carefully.
Do the people around downplay your goals?
We are deeply affected by those who spend time around us, and if those around you think that you are better off satisfied with your current life rather than striving for millionaire status, they aren’t influencing you in a positive way. Try to surround yourself with positive people who support your goals.
Do you need to look like a millionaire now?
This is a tough one: we all want to look sharp and have the gadgets that seem indicative of people with money. However, whenever possible, it is good to eliminate those luxuries and invest the money instead! Certainly, some status symbols get you through the door to engage with circles of power, but most of those people won’t be visiting your overpriced apartment – cut luxuries whenever they don’t truly impact your ability to build your business.
Do you only save or only earn a lot of money?
Having the right mindset and the right habits will help you reach your business and personal goals.
The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.