During my research into the millionaire mindset, I came across The National Study of Millionaires. It is the largest research study of millionaires ever conducted, with over 10,000 millionaires interviewed.
The study found that the vast majority of millionaires (79%) are self-made, meaning they did not inherit their wealth.
The study also found that millionaires have some common financial behaviors and attitudes.
For example, millionaires tend to live below their means, invest regularly, and avoid debt.
The study also found that millionaires are more likely to have a positive attitude towards money and are more likely to believe that they can achieve financial success.
That means they have an Abundance Mindset. I’ve designed a fun quiz right here that you can take to see what kind of mindset you have.
Here are some of the key findings from the study:
- Millionaires are self-made. 79% of millionaires did not inherit their wealth.
- Millionaires live below their means. They spend less money than they earn and save the difference.
- Millionaires invest regularly. They invest in a variety of assets, including stocks, bonds, and real estate.
- Millionaires avoid debt. They pay off their debts as quickly as possible and avoid taking on new debt.
- Millionaires have a positive attitude towards money. They believe that money is a tool that can help them achieve their goals.
- Millionaires believe that they can achieve financial success. They have a strong work ethic and are persistent in their pursuit of their goals.
The study also found that millionaires are more likely to have certain habits and characteristics.
For example, millionaires are more likely to be goal-oriented, disciplined, and frugal. They are also more likely to be risk-takers and to have a high level of financial literacy.
The National Study of Millionaires provides valuable insights into the financial behaviors and attitudes of millionaires.
The study’s findings can be used by anyone who wants to achieve financial success.
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For a more depth look…check out this blog written by Dr. Steve G. Jones, creator of Total Money Magnetism
Would a millionaire’s brain look different to yours in an MRI machine?
Probably not.
But there is something unique about the way millionaires think that makes them more successful than others.
So if you want to manifest more money, more success, and more happiness in your life, then adopting these seven millionaire mind hacks is a great place to start.
Here’s number one…
Millionaire Mindset: “My mind is like an iPhone that needs lifetime upgrades”
Just like your iPhone, all self-made millionaires understand that your mind needs regular ‘software upgrades’ in order to fuel your success.
In fact, most millionaires I know are almost addicted to learning and upgrading their skills.
Why?
Because the world is a constantly changing place – and the faster you can adapt to new, innovative ways of doing things, or reach out and grab new opportunities, the more money there will be for you at the finish line.
Millionaire Mindset: “My time is money”
Millionaires realize that their time is extremely valuable, and they pride themselves on their swift decision-making.
Warren Buffet is a great example of this. He lives by the mantra of ‘get the facts, make a decision, and don’t look back’.
Believe me, I know how daunting life-changing decisions can be, especially when it comes to your career or financial future.
But the more time you spend hemming and hawing, the more productive, money-making time you are losing out on.
So in future, try asking yourself these questions; ‘Is this likely to move me closer to my goals? Does it have minimal negative consequences?’
If the answer to both is yes, then go for it and don’t look back.
Millionaire Mindset: “No excuses”
Wealthy people pride themselves on having a “no excuses” attitude, where they own 100% of their successes and 100% of their failures.
Think about how much responsibility big company executives have on their shoulders.
At the end of the day, they are the ones who have to answer for all of the company’s failures and mistakes.
But the reason they are in that top spot is because they have shown that they can handle this responsibility and own it.
The thing is, if you blame other people or influences for your mistakes, you lose any power over your situation.
But when you own your failures, this enables you to take charge, grow, and move forward towards a brighter future.
Millionaire Mindset: “I am an unstoppable force of success”
Another thing that sets millionaires apart is their natural ability to bounce back better than before, no matter what life throws at them.
To attract abundance into your life, you need to have a strong desire for financial freedom AND to believe that you are capable of achieving it.
No matter how successful you become, there are always going to be roadblocks in your life.
But instead of letting these bumps in the road slow you down, you can view them as opportunities to learn from and to fuel your momentum.
Yes, sometimes this means you do need to look hard to see the silver lining, and you do need to look beyond the short term.
But from my personal experience, as cliché as it sounds, whenever you make it through a difficult situation you always come out stronger on the other side.
Millionaire Mindset: “My best ideas come when I allow my mind to breathe”
Every great product and business out there is the baby of someone’s creative idea. There is a lot of money to be made by ‘thinking outside the box’.
And this is why most millionaires actively fuel their creative brain, by taking short ‘mind breaks’ during the day.
Unlike your usual lunch or coffee breaks, mind breaks are short blocks of time (10-20 minutes) where you literally just let yourself ‘space out’ and relax with no distractions.
By doing this, you give your mind a much-needed holiday from the stress and worries of everyday life, and allow your inner creativity to surface.
Seriously, you will be amazed at how your brain just suddenly comes up with the wonderful solutions and creative breakthroughs you need.
This is when your truly magic wealth opportunities are born!
Millionaire Mindset: “I take action”
Millionaires always have their foot flat on the accelerator. They are constantly setting new goals, and working like crazy to achieve them.
So if you want a wealthy, abundant future, you need to start taking steps towards that future today – rather than leaving it until tomorrow, next week, or next year.
Millionaire Mindset: “Discomfort is a natural part of moving forward”
Wealthy people understand that moving beyond your comfort zone is essential for new growth, and they have learned to embrace any discomfort that comes with it.
So this means to move forward on your journey to greatness, you need to be willing to take the bad with the good when it comes to trying new things.
It also means embracing risk and accepting that you might not succeed every time (which is totally normal, by the way).
Heck, I can’t tell you how many times I’ve tried out a new business idea only to have it flop completely!
But I can also testify that often the biggest risks turn out to have the biggest pay-offs.
Do you have the mindset of a millionaire? Is wealth in your future..?
I’ve created a quick quiz which will determine whether you have the mindset of a millionaire. You can go to the quiz here.
*Note: You will be given a personalized report after completing this 60 second quiz, what will this say about you?
Find out by taking the quiz here.
I’ve made my own fun quiz to test your mindset. Feel free to take it here “What’s Your Money Mindset?“
If you enjoyed this article, read The Simple Path to Wealth as well.
Dr. Steve G. Jones
As a world-renowned Clinical Hypnotherapist and self-made millionaire, Dr. Steve G. Jones understands the powerful relationship between the brain and money. In order for people to experience financial success, they first need to remove any barriers to wealth within their subconscious minds. Using hypnosis and neuro-linguistic programming, Dr. Steve helps people to remove these barriers so that they can take their lives to the next level of success.
