“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.” — Henry Ford
Wealth is not something you have.
It’s who you are.
Have you ever thought that no matter what you do, you can’t quite make the right financial moves?
If so, this is the blog for you!
Today, we’re gonna get into the mindset of what it takes to be wealthy, stay wealthy, and grow your wealth.
You can share this with your family, your friends, and even your neighbors!
What makes you wealthy isn’t just having money in your hands.
It’s also about the knowledge you have.
I’ve used this exact mindset to 20x my net worth over the last four years.
Now I wanna share the secret with you!
Let’s get into it.
1. Why Most People Aren’t Wealthy
Most people are not wealthy.
This is often because they go about gaining wealth the wrong way.
They want what wealthy people have and they’ll do what wealthy people do to get it in order to become wealthy.
The order of that is actually all wrong!
Let me elaborate.
Do these phrases sound familiar?
“Once I have money, I’ll leave my legacy.”
“Once I have more money, I’ll travel the world.”
If you’re thinking this way, you have to change it up.
You need to think the opposite way.
Start with a wealthy mindset.
Then you can do the wealthier things you want to do and have all the stuff.
It may sound subtle, but mindset is so important.
Zig Zigler once said: “You’ve got to ‘be’ before you can ‘do’, and ‘do’ before you can ‘have’.”
Remember: Wealth is not something you have.
It’s who you are.
I once heard Robert Kiyosaki talk about this.
He said wealth is not about having money or not having money.
It’s about having the ability to get all of your money back very quickly if you lose it all.
If you watch the show Undercover Billionaire, they give billionaires $5,000 and challenge them to make a million dollars within 90 days.
They’re usually able to do it!
They take the money and sometimes buy a truck and sleep in cheap motels, trying to create a business opportunity.
A lot of the featured people are able to succeed because they’re using their knowledge.
You might not know what that is yet, but that’s okay!
That’s why you’re here.
You’re here to educate yourself and learn, both of which are vital to achieve a wealthy mindset.
2. Wealth is a Mindset
We’ve had a lot of things told to us about money:
It takes money to make money.
You’re either wealthy or you’re not.
It’s the rich and the poor. You can’t move up if you start poor.
These things are not true.
I didn’t come from wealth.
If you’ve read the book Rich Dad, Poor Dad, it’s a similar story.
Both my parents are in education and there was an emphasis on getting a good education so I could get a great job.
I did all that, but it didn’t make me wealthy.
Though, to be clear, my goal wasn’t necessarily to become wealthy.
But I quickly realized that unless you become financially free, you can become a slave to money.
I didn’t want that.
If I’m working for a paycheck, I’m not financially free no matter how much money I’m making.
My friend Ken McElroy asks a great question: Why do A-students work for C-students?
A-students have done everything the right way.
They’ve typically gone to school, gotten the highest degree, and done many other things to get ahead.
In contrast, C-students found ways to succeed as entrepreneurs and have A-students work for them.
The difference between them comes down to – you guessed it! – mindset.
A-students follow a set path while C-students learn to innovate and think outside the box.
I try to keep to that innovative mindset.
One of the ways I do that is with affirmations.
3. Affirmations Are Life Changing
One of the best ways to get into a wealthy mindset is with daily affirmations.
Once you try them, they truly are life changing!
I spend a few minutes each morning going through mine.
A lot of times we say things to ourselves that we’ve heard from others:
Money doesn’t grow on trees.
It takes money to make money.
The rich become richer.
These things keep us from being wealthy.
Daily affirmations can help you replace those sayings with much more helpful mindsets.
I talk about my financial goals and how they’re going to happen.
I talk about our deals and helping more people.
Then, I watch as those things begin to happen.
Affirmations allow me to give and create for others, which is an amazing thing!
But after a while, this thing called imposter syndrome sets in.
It happens to almost everyone eventually, whether you’re a passive investor or more active.
Imposter syndrome tricks you into thinking you’re not good enough.
It’ll cause you to question your accomplishments and if you’re worthy of them.
One way to combat this is keeping up with your affirmations.
Repeat them to yourself in the mirror each morning.
It sounds really cheesy, but it absolutely works!
I’ve used this method to 20x my net worth in the last four years.
Affirm your goals to help eliminate those self-deprecating thoughts.
They’re not true.
You absolutely deserve your success and you will achieve even more!
Create your own affirmations around money.
Here are a few to help get you started:
I will be a giver.
I will give $3 million away to charity.
I will retire in 12 months.
Affirmations help you become a different person.
Just as Zig Zigler said, you start to become a wealthy person in the way that you think and process money.
You don’t use people to get money; you use money to help people.
You use it as a tool.
How you use that tool is completely up to you.
The possibilities for growth and education are at your fingertips!
Now I want to hear from you.
How are you going to start your wealth mindset?
Do you have any affirmations you want to share?
Let us know in the comments!
Before you leave, make sure to check out our special report about inflation investing. It shares the best choices to invest during an inflationary environment.
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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.