Self-made millionaires are in the top 1% of the income bracket in the United States. They also accounted for 47 percent of the pretax income growth in an Organization for Economic cooperation and development (OECD) study of top income groups
The truth is there is income inequality in between self made millionaires and the rest of the population globally
Why do millionaires get rich and the rest of us only dream about getting rich?
I believe the answer is:
Self made millionaires dream about getting rich and then crystallize them into clear specific written goals that they relentlessly until they accomplish them.
On the other hand the rest of us dream about getting wealthy and procrastinate on making plans to accomplish them
The greatest discovery in human history is that “you become what you think most of the time”
The two major factors that determines what happens to you is what you think about and how you think about it
Here’s why what you think about and how you think about it is important…
A self-made millionaire dreams about how to get rich and then thinks about building a business that will help him build wealth
An ordinary person dreams about getting rich and then thinks about how to win the lottery, marry a rich person or get an inheritance from a rich uncle.
As you can see, the goals are the same. But the difference in thinking between a millionaire and the ordinary person is what leads to their actions and results
Dreams are wishes. A wish is a passive action until you energize it to become real.
The only way to make a dream come true is by giving your wish a deadline. That is why a goal is a wish with a deadline
Successful people think about their goals most of the time.
The same situation applies to self made millionaires…they think about their goals of getting rich most of the time…until they build wealth and get rich
The truth is that you are not different from a self-made millionaire. What separates your results from that of a self made millionaire is how you think about building wealth
That is why you need to have a clear sense of direction about building wealth . This means you must have written specific plans about getting wealthy
Why? Because whatever you think about most of the time grows and increases in your life.
If you are thinking and talking and visualizing your goals of becoming wealthy… you’ll accomplish far more than the average person who is thinking about their worries and problems…and hoping to win the lottery someday to solve his money problems
The good news is you can start your own journey to becoming a self-made millionaire no matter where you are financially
Why? I believe its possible to become wealthy because many people who had many challenges have overcome them to become wealthy
If an immigrant with little or no knowledge of English…no family connection can rise to become a self-made millionaire…why not you?
The first step you must take is to learn how to set goals, and then make a commitment that you’ll pursue them until you accomplish them.
You must make a declaration about your goals like this…
I will not retreat or surrender to obstacles that will stop me from achieving my goals
Here’s an exercise for you.
- Take a sheet of paper and write “ wealth goals” at the top with todays’ date on it.
- Then make a list of the top 10 wealth building goals you’ll like to achieve in the next 12 months
- Write your goals in the present tense as though a year has passed and you have achieved them.
- Begin each goal with “I “ making it personal to you
By making a list of your top 10 wealth goals you have placed yourself on the path to achieving wealth like self made millionaires
Once you have made a list of the top 10 wealth building goals, go back to the list and ask yourself this question…
Which one goal on this list if I were to achieve it, will make the most positive impact on my finances?
Whatever the answer to that question, circle that goal and make that your number one most important goal going forward.
Set a deadline, make a plan, take action on your plan and do something everyday that moves you in the direction of your goal.
From now on think and talk about the goal. Think and talk about all the different ways you can achieve your goals
When you carry out this exercise, you’ll stimulate you stimulate your creativity, increase your energy and unlock your potential to becoming a self-made millionaire
The next time you wonder why you are not getting rich, I want you ask yourself these questions:
What am I thinking and how am I thinking about getting rich?
Am I thinking like a self made millionaire?
The answers you come up with will give you a clue about how you become a self made millionaire