Have you ever considered what’s responsible for the difference between the rich and the poor? Money, cars, houses, and other luxuries aren’t necessarily the measure of wealth. The mindset is. This is why even if a person wins a vast sum of money by participating in a competition or if they inherit it, the chances that they will end up lavishing the money are high if they lack the mindset of the rich.
Unfortunately, society has us thinking that all that it takes to become rich is to graduate from college with a good degree, get a good job that’s well paying, and work there until we retire and we will become rich. Unfortunately, this is far from being true. Otherwise, we all will be rich by now. And there’ll probably be no need for this blog post.
So, in this blog post, we’ll be sharing with you 5 mindsets that will make you rich.
- Make the right connections your priority
Ever heard the saying, “You’re The Average Of The 5 People You Spend The Most Time With?”
Rich people know the importance of surrounding themselves with quality people. They surround themselves with people who are where they’ll like to be. People who have the results that you desire.
For instance, if your dream is to become a good singer, you should consider spending more time with people who know how to sing so well. Initially, you might look like you are failing in front of them, but eventually, when you must have paid your dues; you’ll find yourself sounding the way you’d love to whenever you sing.
Let’s do a little exercise. Shall we?
Ask yourself the following questions:
- What’s your goal in life?
- Who are the 5 people you spend the most time around?
- What are the top 3-5 qualities of these people?
- Do these qualities match your goals?
- Make a list of 5 people that possess the qualities you desire. (Including people that you do not know personally)
The essence of this exercise is to determine the standards that you have set for yourself. Your standards become you. And these standards are determined by the people around you.
Note that: If the people around you do not have the qualities you want, you can connect with people online. Follow them on social media and soak up all the information they have to offer. You’ll be surprised at how much value you’ll be getting from this.
- Understand that you make money by adding value
Entrepreneurship, as defined in the mind of a rich man, is helping people. Rich people know that it is not all about making money, but helping people find solutions to their problems and getting rewarded in exchange for their help.
Take Facebook founder, Mark Zuckerberg for instance, much more than his concern for making money was his concern for connecting people with other people.
How about asking yourself, how can I give $50 value to someone instead of, how can I make $50?
American author, salesman, and motivational speaker Zig Ziglar says, “You will get all you want in life if you help enough other people get what they want.”
- Invest in Yourself
Rich people know that success is from within. Hence, they need to invest in themselves first. They know the importance of learning always.
American business magnate, investor, speaker, and philanthropist Warren Buffett says, “Ultimately, there’s one investment that supersedes all others: invest in yourself. Nobody can take away what you’ve got in yourself.”
How often do you read and learn new things? When was the last time you attended a seminar or took a course?
When you invest in yourself, you can turn something as little as a $10 per month investment into something as huge as $100,000 per month. Here’s the catch, you have to become the person who deserves the income you desire by investing in yourself.
Leading author, Benjamin Franklin, described a concept of learning known as the ‘5-hour-rule,’ a learning style adopted by rich guys like Warren Buffett, Bill Gates, Elon Musk, Oprah Winfrey, and Mark Zuckerberg.
The 5-hour-rule involved spending at least five hours learning something new every week. Make sure you get rid of distractions like TV, cell phone, and the like during the period of learning.
- Think big
When you think big, you challenge conventional wisdom and move out of your comfort zone. Stepping out of your comfort zone helps you unleash your creativity, and when this happens, you achieve big things.
When you think big, every failure, rejection, and setback you receive will only push you to work harder to realize your dreams.
Rich people know it is only by thinking big that they can reach their goals. When you aim for the stars, even if they don’t reach the stars, they’ll end up landing somewhere near them.
- Work hard & Smart
It is only by working hard and smart (not just working for the sake of it) that you can achieve what you want to. You have to constantly work to achieve your goals. The more you work, the more you make mistakes and encounter failures that will eventually serve as your teacher in your business.
Rich people know it is by working hard consistently that you can stay committed to creating wealth. Your ideas aren’t enough, your hard work is required. But not just hard work because if hard work alone can make anyone rich, most people would have become very rich.
You have to be smart. You have to know how to differentiate yourself in a competitive market. You have to know how to go the extra mile to know what others don’t.
In conclusion, there’s nothing magical about money. Money goes to people who attract it. Hang around, positive-minded people. Learn every day. Dream big and be willing to work hard and smart.