What is the Millionaire's Mindset?

[Helena]

Hello everyone!

I posted the following in the Business Forum and I would love to see what you guys do to get yourself in the mindset of what you want to accomplish. Thanks!

Previous Post:
In Steve's podcast, "Faster Goal Achievement" he talked about being in the millionaire's frame of mind. The examples he gave was putting a certain amount of money in your wallet or purse and viewing the amounts of money as not being too much money. He suggested talking to other millionaires to find out other actions they take that can be incorporated in your life.

I would like to expand this topic a bit (and our knowledge) and share with others ideas we can use to increase our mindset regarding money and wealth.

What are your ideas that puts you into a millionaire mindset?

I'll get the ball rolling:
At this time of my life, I'm focused on creating massive wealth in order to take care of my family and create programs that will help many others world wide.
My ideas so far are:
*The Million Dollar Experiment
*Learning a little each day, but creating massive action with the new info
*Reading "The Science of Getting Rich"
*Every night as I drift off, I repeat the word "Wealth" My conscious mind isn't active enough to create negativity.

OK, your turn!

Many blessings of wealth and happiness to you and your family!

Helena

[Uplift]

I don't draw a salary of a million dollars, but have built up great, ever growing assets and spend over a million dollars of the bank's when I want to, to fund projects and make profits which I prefer to be in the form of more assets. I only need around $10,000 expenses a month to live exactly how I want to, so much of my thinking is for my kids future.

I visualise daily, I also spend time daily just in communion with myself, Spirituality, which I believe takes precedence. Amasing things happen regularly if its what you truly want.

But I remember the day my wife and I made a conscious decision to put ours and the banks money to work for us.

I'll describe my whole thinking in my last project. First, if you want to make a lot of profit, you have to be able to imagine that as being possible. So there was a block of land in the middle of town here, Port Lincoln. No one had payed much attention to it, a new marina was taking up everyone's focus. For me, marinas and channels are second substitutes for ocean views, and closeness to beach, so thats my focus. I've seen they always get highest prices. I'm wandering around on this block I'd stumbled on, and I came across the agents sign, buried in the weeds and bushes. Virtually no one figured it was for sale, and the slack agent figured it wasn't that good a block, so it had been forgotten. That style of situation should be easy to imagine, because it is a reasonably common occurance. It was a funny set up where half of it had no access to sewer or stormwater, so everyone just assumed pumps and expense. It had junk all over it, and it needed some imagination and foresight to visualise the finished product and view. So I got it for just over $100 thousand, and knew I could get 24 good sized blocks.

However, amasingly, I had run into a guy talking about a similar thing, and how these people got an easement for sewer etc through adjacent properties. So I looked at plans and bingo, a block of three flats had a driveway abutting the land, leading straight to sewer and stormwater, with tons of fall. I approached the people about an easement, and they were thinking of putting it on the market, for around $250,000. I could buy it, and rent the flats, and actually get the boundaries altered, creating a flagpole on the big block, leading to services which instantly dramatically increased its value.

I could easily borrow enough to buy them both, had the rental figures and my income. I also have done some really successful projects, so the bank is really accomodating. I know a fair bit about planning, came up with the idea of a private culdesac, had some plans done, got the engineers reports and quotes, and needed about a million to complete the project. I only needed to sell the 24 blocks for around 50,000 to make a small, couple of hundred grand profit, so it was really viable. Meanwhile, most people think I've bought this dud block and old flats... lost the plot so to speak.

My thoughts were Lincoln is underpriced, the rest of Australia overpriced, the block is adjacent to CBD, awesome views, yet will be really private and desirable. Next thing this group from Adelaide are building this luxury retirement village at the back of my block, and the value goes again. The boom hits, and the value goes again. I'm figuring $100,000 - $130,000 per block, a profit of about 1.5 million. Some millionaires announce plans to build a luxury hotel, Makybe Diva wins the Melbourne Cups, Lincoln is attracting attention. My comprehensive plan has the bank happily financing me, the project takes about 12 months, money is pretty tight though, the boom is winding up elsewhere in the country, people think I'm doomed, but Lincoln is still really cheap and attractive to interstaters. So I market them in Perth, which you'd think everyone would do, but they don't, they go like hot cakes (my exact visualisation), I sell enough to cover costs, draw an income, and watch the others grow. The flats go for a good profit too, and I start wondering about more amasing scenarios. In the meantime markets, and learning about them are capturing my attention. But I'm dealing with a builder, and the perth agent is pleading with me to do some town houses. The hotel is virtually finished and everything is cooking. My own house which is about 8 house blocks away from the hotel, on the beachfront is exploding in value. Everyone thought it was too dear at $600,000, but its now worth a million more than that easily, around 3 years later.

I used to think $100 was heaps, and now its a blink. Imagination and foresight are my strategies, plus the ultimate belief that I can create amasing, attractive situations. People absolutely love my finished projects, and they get a deluxe product. If things pop up, my focus is always on the amasing solution. I hand it all over to Spirit, and visualise what pops into my head with a major, major, major dose of belief and imagination.

Surf will be prime time here soon for 5 months or so, and that will be my focus, other than my beautiful family. I hope this gives you some ideas and help. I'll bet if you really imagined it and felt it, you could come up with something heaps more amasing.

Finally I truly believe in, and want a world where we are all stoked, a utopia, more than anything. And if that means being seen as dumb, naive, childish, full of it or delusional, I won't budge. And I believe in a state or something we call Spirit or God, a state or something so unbelievably, unlimited and awesome. But I don't fully understand it, but am trying to, because I have experienced much Spiritual amasement beyond what I have been able to comprehend.

[rbhambha]

I think the millionaire's mindset focuses on freedom and passion. I believe those two values are key to financial success, and overall success in life.

Here's an interesting article to read.

Yahoo! Personal Finance

This guys got the mindset.