“Wealth consists not in having great possessions, but in having few wants.”
— Epictetus
I’ve had the opportunity to interview 2,500 millionaires.
What I found is really shocking.
A lot of people think you either have money or you don’t.
However, according to a 2019 study by Fidelity Investments, 80%+ of millionaires are self-made.1
That means that wealth is learnable.
Being wealthy is not the simple act of having money or not having money.
You can actually achieve that goal.
Today, I’m going to share my best secrets of how I build my mindset.
Using that mindset, I was able to 25x my net worth in about four years to about $4 million.
Let’s jump into it!
1. Money as a Tool vs. a Goal
First, we should talk about what money is.
To me, money is very spiritual.
Money shows what we value.
If you’re a jerk, you’re going to be more of a jerk when you have money.
If you’re generous, you’re going to be more generous because you have the resources to do so.
Money is really a tool when you think about it that way.
It’s just like a stored energy, similar to the movie In Time.
It really makes you think about the things you want in life and what you value.
In life, it’s really important to decide what we want.
You shouldn’t have piles of money for the sake of having them.
Don’t be Scrooge McDuck diving into his vault of gold coins.
Figure out your “why.”
You should have a goal of what to do with your wealth.
Some people might want to take lots of family trips or give it to a cause they care about.
One of my big whys is to end modern day human slavery.
That’s a pretty audacious goal, I know.
But I’m trying to do my part and giving money to causes I believe in.
I’ve even been on the board of one of these organizations.
In my upcoming book Rich Brain, which is hopefully going to be coming out in 2025, I talk about the idea of wealth worthiness.
Wealth worthiness is the feeling that you deserve to have this money.
It sounds really simple, but a lot of times, we will self-sabotage and get in our own way.
We’ll feel like we’re an imposter.
This can also happen in our personal lives.
One example is that if I see a beautiful woman at a party, I might talk myself out of talking to her.
I’ll think that I have nothing to offer or that I’m not good looking enough.
That’s a whole lot of self-sabotage!
We all do it at some point in our lives.
It’s up to us to work on our wealth worthiness.
Setting a wealth goal can help with this.
Whether it’s $100,000 a year or $1 million, you can focus on building that wealth.
Some people make perpetual jumps in wealth at their traditional jobs, and that’s also great!
When I 25x’d my net worth to multiple seven figures, that’s because my mindset changed.
2. My Three Wealth Mindsets
In his book Think and Grow Rich, Napoleon Hill talks about how you can start changing your mindset.
You should spend 30 minutes a day thinking about the person you intend to become.
In your case, you should be thinking about a powerful person.
What are they doing with their increased wealth?
What’s important to them?
What are they thinking about?
Then, you put yourself in their shoes!
It can be a very powerful tool.
Another way to change your mindset is something I recently discovered.
Now, I’m a big Tony Robbins fan.
If you go to this link, he has a 15-minute video about getting to a place of gratitude.
It talks you through that process.
Each morning, I take 15 minutes to step into those feelings of gratitude and those goals I have.
This process allows me to feel like I’m living from a place of abundance rather than a place of lacking.
Dr. Joe Dispenza taught me my next mindset, which is called a mind movie.
You can look up videos on how to do this.
I have a two-minute one that I’ve created myself.
It contains statements that are true and that I want to be true.
The movie should tell you who you are and the person you’re aspiring to be.
It’s super powerful.
The last method is something called whisperings.
These are not affirmations.
They’re things we whisper to ourselves.
A personal example of this is when I went through my divorce about eight years ago.
I came out of that with just no sense of self-worth.
Then, I started doing these whisperings.
I would tell myself that I owned every room I walked in.
I had the authority of a king.
I could be that guy.
After a while, I started to actually show up to places that way.
Whispering these things to myself started building that confidence.
3. How to Start
It’s clear that having a wealth mindset is important to maintaining wealth.
According to the IOSR Journal of Economics and Finance, mindset is a key determinant of success, along with mental health and strategic financial planning.2
Having mindsets is one thing, but actually getting started is something else.
The way I keep track is by keeping a sheet.
It has images of things that are important to me.
My passion for ending human trafficking is on there.
I also have financial goals, religious goals, and travel goals.
Of course, spending time with my daughter is also on there.
I have many things written on the sides.
My goals for the year are there, including my income goal.
I also have things I want to do with my daughter and ideas for my new book.
I even have traits I’m looking for in a partner.
My values have a place as well, including my mission statement and intention for the day.
I actually laminate every area.
For me, it’s important to have everything in one place.
That could also be a good place for you to start!
Most of all, it’s important to have goals and to remind yourself of those goals in some shape or form.
But before those goals show up in your life, you have to create them.
Create them with your words, your thoughts, and your intentions.
Get started, and see your mindset start to change.
Now I want to hear from you!
What are some of your mindset practices?
Let us know in the comments.
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Disclaimer: I am not your investment advisor. This is for educational purposes only. I am not giving specific advice on what you can do. I am simply giving my opinions.
Works Cited
1. “79% of Millionaires Are Self-Made – Lessons from Those Who Built Wealth without Inheritance.” Yahoo! Finance, May 8, 2023. https://finance.yahoo.com/news/79-millionaires-self-made-lessons-160025947.html.
2. Ayooluwa Tomiwa Animashaun. “The Psychological And Financial Determinants Of Success: Leveraging Mindset, Mental Health, And Strategic Financial Planning For Sustainable Growth In Individuals And Communities.” IOSR Journal of Economics and Finance (2025). https://doi.org/10.9790/5933-1601014558.
