think

How to Think Like a Millionaire to Achieve Financial Freedom



Sharing buttons:

if one of your goals is to become a

millionaire as it was my goal for many

years before I achieved it you have to

learn how to think the way a Millionaire

thinks if you want to get the results

especially the financial results that a

millionaire gets now the most important

attitude for financial success is called

long term thinking successful people

think a long way into the future and

they adjust their daily behaviors to

assure that they achieve their long-term

goals in a longitudinal study covering

about 50 years done at Harvard

universities in the 50s and 60s they

studied the reasons for upward

socio-economic mobility they were

looking for factors that would predict

whether or not an individual or family

was going to move upward and be

wealthier in the future than in the

present

they studied factors like education

intelligence being born into the right

family or having the right connections

in every case they found individuals who

had been born with every blessing in

life who did poorly they also found

individuals who had been born or come to

this country with no advantages at all

who had been extremely successful what

was the distinguishing factor they

finally determined that there was only

one key attitude that mattered and they

called it time perspective this by the

way was one of the greatest breakthrough

discoveries of my life and I've never

really quite recovered from it because

it was so important time perspective

refers to the amount of time that you

take into consideration when planning

your day to day activities and when

making important decisions in your life

people with longtime perspective

invariably move up economically in the

course of their lifetimes when you spend

weeks and months and years developing

your skills and ability and expanding

your experience in order to be

successful you have long-time

perspective the average professional

person has a time perspective of 10 15

and 20 years they're willing to invent

years at university and and master's

degrees and Doctorate degrees and then

years of training as accountants or

doctors or dentists in order to be able

to make a wonderful living for the rest

of their lives they have long-time

perspective this is a characteristic of

people who move up rapidly socially

economically and financially in life so

begin to see that everything that you

are doing today is part of a long time

continuum at the end of which you're

going to be financially independent or

financially unfortunate people with

short time perspective think only about

fun and pleasure in the short term they

have what economists call the inability

to delay gratification they have an

irresistible tendency to spend every

single penny they earn and everything

that they can borrow thinking that the

money will always be there and that life

will last forever when you develop long

time perspective you develop the

discipline to delay gratification in the

short term and to save your money rather

than spending it the combination of long

time perspective and delayed

gratification put you under the high

road to financial independence now here

are two things you can do to develop the

attitudes of financially successful

people first think long term about your

financial life decide exactly how much

you want to be worth in five years 10

years and 20 years from today write it

down

make a plan take action on your plan

every single day and the second thing

that you can do to assure your success

in the long term is to develop the

ability to delay gratification

instead of buying something on impulse

put off buying decisions for a day a

week or even a month decide in advance

to think it over before you buy anything

this can change the way you spend money

almost immediately

your ability to think long term about

your life and to set ten and twenty year

goals for yourself and then come back to

the present and make sure that

everything

you do today is consistent with where

you want to be in the future is the

hallmark of people who become

millionaires in the course of their

working lifetimes