Episode 39:The 5-Principles of a Millionaire Money Mindset

In this episode, I'm going to go through five different principles of a millionaire money mindset. Each of these principles will give you a deeper understanding of how millionaires think about their life, money and wealth to support them in their financial freedom goals.

As I go through each principle, I will also give you reflection exercises so you can start to see if these principles align with your current relationship with money or if they are opportunities for you to enhance or strengthen your relationship with money.

Key Highlights

[00:00:07] Introduction to today’s topic: How to start thinking like a millionaire.

[00:00:31] The significance of a positive money relationship

[00:01:21] Challenging societal perceptions and personal fears about wealth

[00:03:19] The significance of financial education, strategic planning, and self-trust in achieving financial goals.

[00:05:36] The importance of managing money responsibly, planning, and actively engaging in one's financial health

[00:08:08] The importance of shifting from conservative saving to proactive, risk-embracing investing for successful wealth building

[00:10:00] The mindset and attitude required for successful wealth growth investing

[00:11:10] Benefits of focusing on value creation toward financial success

Notable Quotes

Millionaires. want to be wealthy. They have a positive relationship with money. And because of this positive relationship with money, they don't unnecessarily or unconsciously block money into their life because they're scared, ashamed, or resistant to wealth.

One of the first things that I had to learn was that morality. Who you are as a person is very different than your finances.

Your morality and your money are two separate things. They need to be addressed separately and talked about separately. You can choose to be a wonderful, generous, altruistic, aware, self-aware person. And be very wealthy and rich.

When it comes to wealth building, you have to understand that saving your way to wealth can be a slow path to wealth building to grow your money in a way that doesn't require your time and energy. You have to become comfortable with investing.

Sometimes, it takes 5, 10, and 15 tries before you start to get that positive return on your investment. But you have to keep going. You have to have the mindset that no matter what, I will figure this out.

Resources

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Website: www.holisticmoney.com