Often when we think of millionaire we think of lavish holidays, a HUGE house, the latest sports car, mobile and other gadgets, the latest fashions etc... but in reality that is not the case. Most millionaires are just like you and me. You probably have one on your street and you wouldn’t even know it.
Being a millionaire is not the same as having a million dollar lifestyle. To have the latest car, a huge house, lavish holidays etc... you need a constant source of income.
My aim in becoming a millionaire is not to have the latest of everything or to show off to everyone all my “things”. It is something I have wanted for a long time, but without setting it as a goal and applying myself I knew it wouldn’t happen.
In setting myself up as a millionaire I plan on creating income streams. I want to be able to not work, just live off my investments. To many, this sounds crazy and that it won’t happen. But it can and it is simply a matter of changing your mindset.
You see most millionaires have a very frugal mindset. They are not focused on the latest and greatest. They are focused on living within their means, saving money, paying down debt and investing.
This sounds easy enough but it can be quite a hard thought pattern to cultivate. We live in a world where we are bombarded with advertising everywhere we look and it is easy to get caught up in the “I need a new one” or “I have to have it” mindset. Big companies pay big dollars to create advertising that will make you think that. They rely on you wanting to keep up with or outdo the Joneses.
It can be quite difficult to change your thinking from “I need a new one” to, “I am happy with what I have and would rather put $xxx on my mortgage/invest for my future.”
I’m not saying deprive yourself of everything. I am just saying think about your purchases and how you spend your money.
The other part of your thinking you will need to change is the negative attitude. The “everyone can do it but me” or “I’ll never make it” thoughts will destroy any hope you have of becoming a millionaire.
Millionaires are winners. They think successfully. They visualise themselves at their end goal. They read their goals daily. They focus on the end result and what they can do.
Because everyone can do it, but not everyone does do it.
It is up to you. Do you want to be in the same position next year as you are now? If you don’t you need to start changing your mindset and changing your habits.