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MadAbout
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Lottery winners . They win a huge sum of money just like that , and lose it just the same way . Now think about other entrepreneurs , the investors , the people who play a calculative yet adrenaline laden game . These people get rich , and then they lose money , but they earn it all again . These people make others wonder if getting rich is a matter of destiny and luck . This is the question that must be answered . We know it ’ s not possible to answer this question perfectly , but we are here with the best that we can . After all , that ’ s all that matters . It ’ s not about being absolutely right , it ’ s about knowing where we can fail and how to overcome it , not avoid it . You can ’ t avoid risks , you learn to take risks and turn them into your favor . The mindset of rich people
Books such as Secrets of the Millionaire Mind by T . Harv Eke tell a lot about the mindset of rich people . What they think about money , how they perceive it in comparison to poor or not so rich people . Learning how rich people think can be a very useful stepping stone as you can then figure put if your thought process matches theirs . In case your thoughts don ’ t match , this can be considered as a hurdle , and this is what you might want to change about yourself . The mindset is the key .
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Learn from the habits of the rich
Your habits should take you towards wealth , success and healthy mind . Success is not a onetime event , it ’ s a habit , so if you want to be wealthy , make your habits that match your vision . Start with inculcating a habit of saving . The best idea is to spending money after saving a certain amount , rather than spending money beforehand and then saving the rest , chances are , there wouldn ’ t be any money left to save at the end of the month . Learn from the habits of rich people , and adapt them . You can either work for weekends , or work for a car , or a house .
Your Worst Enemy : Procrastinating
We understand that it ’ s hard to sit back and relax with so much going in today ’ s fast life . And this is what makes time even more valuable than it used to be earlier . Time is an asset that you never get back . Give your goals the highest priority . If you are a procrastinator , you can use
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this trait in your benefit too . Just delay the unnecessary expenditures and events that need your time but aren ’ t important . As they say , Lamborghini doesn ’ t advertise because the people who can afford it are not watching television , they are making money .
Anger drives wealth away
Fear is an emotion that stops people from taking a step , from taking an action , from making a decision . Fear leads to inaction , which will take you nowhere in best case , and bring you down in worst case . Fear doesn ’ t let you move forward . Anger , on the other hand , drives wealth , prosperity and mental health away . It also takes a toll on your immunity and overall well-being . You can ’ t be rich or successful if you are spending money and time to get your health fixed . Shame is a painful emotion , as you feel inferior about yourself . How do you expect to excel when you don ’ t think you are capable or deserving of succeeding . The lesser you feel about yourself , the more you spend on yourself . That doesn ’ t sound like success at all .
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CHANGING YOUR MONEY MINDSET
Rule 1
Stay Away From Debts Debts are the worst thing one can have as it prevents your financial plans to grow . Hence rather than going for mindless expenditures through credit cards , make sure you use your debit cards more . Even with a pay raise , debts do affect a family income in many ways .
Rule 2
Simplify And Make Realistic Monetary Goals Do not make material gains and possessions as your long term goal . A prosperous stress free present and a social and financial security for you and your family ’ s future should be the goal for life . Owning houses , cars are part of this goal .
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