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Secrets of the Millionaire Mind

What is the Millionaire Mind?
Can you become a Millionaire without one?
How can one achieve the Millionaire Mind?

Investment analyst and Internet Entrepreneur Joseph Tan tells us what a MILLIONAIRE MIND is.


Before you embark on your road to riches, you will need make sure that you are equipped with the most important tool of all.
Your mind.

Without a Millionaire Mind, you will not be able to accumulate all the world's riches even if it was delivered to your doorstep. Have you ever wondered how many instant million-dollar lottery winners remained Millionaires? That's right, not many. Even rich movie stars, singers, sports celebrities are known to have gone bankrupt shortly after they 'retire'. 

After studying the habits of successful millionaires such as the steel baron Andrew Carnegie, Thomas Edison, Henry Ford and F.W.Woolworth for 20 years, Napolean Hill, the author of the classic 'Think and Grow Rich', came to the conclusion that many of these people share similar mental traits. One of the most pronounced trait was their strong Desire to succeed despite all odds.

Desire is one of the most powerful emotions a human mind possesses. Without it, you can never hope to achieve any success in whatever you do. Well, the good news is, we are all born with this capacity. As a proof, just take a look a newborn baby trying to walk for the first time. Also try to recall that special edition comic book, that special gizmo, that special toy that you have desired when you were a kid and how that powerful emotion was able to get you what you want.

With Desire, possibilities begin to open up and obstacles suddenly become insignificant. What will you do if your business went into a 1 billion dollar debt? Will you give up? This was exactly Donald Trump's predicament but because of his powerful Desire to succeed, he not only turned his business back into the black but also made a $3.7 billion profit. All we need to do now is to be able to train our mind focus the Desire on what we want to achieve. The Desire to be rich, the desire to be a Millionaire!

This is easier said than done. Why? It is because since we were kids, our parents and teachers have always told us, 'you cannot have this', 'do not be greedy', 'you do not need that', 'Money is the root of all evil', 'Money cannot buy happiness'. These messages have subliminally been programmed into our minds that it may not be the most natural thing for us to be able to accept the notion of focused Desire for Money. Our mental model for money is way too entrenched that we need to recognize and reprogram our minds for it.

Robert Kiyosaki is known to promote 'Money as an Idea' and the Rich are able to invent money. This is a rather amazing concept. Because the faster you are able to see money beyond stack of paper cash, the easier it is to break-out from your negative mental models of money and you will be free to see new opportunities such as internet businesses and shares investment.

Back in the late 19th century, an old country doctor went into a drug store to sell a large, old fashioned kettle with a small slip a paper to the drug store clerk who paid $500 (his entire savings - a king's ransom at that time!) for it. The old doctor was glad to sell the outfit to pay off his debts and the clerk saw the opportunity offered from the piece of paper. An idea that would revolutionize what we drink today and the $500 was multiplied million-fold in profits and generated an entire economy. Can you guess what the idea was? 

By the way, the clerk's name was Asa Candler, and the slip of paper contained the secret ingredients for Coca-Cola.

When you are able to see money differently, you will start to open yourself up to new economies, new forms of trading and investment tools and techniques, new business models, new fontiers. The possibilities become endless.

However, having the focused Desire to be Rich, being able to see Money differently, and having the ideas to invent Money cannot actually start making you Money until you Act on them. The Millionaire Mind will need to pro-actively translate actions into ideas. Procrastination is the biggest killer of ideas. I'm sure you may have come across successful businesses and said to yourself, 'Hey, I have thought of doing this before!'

Colonel Sanders, in his 60s and whose fried chicken eatery was on the verge of collapse due to a new highway that was built, went door-to-door to sell his recipe. Well, as they say… the rest is history. If not for Colonel Sanders' pro-active translation of his ideas into action, we would not have Kentucky Fried Chicken today.

What separates Millionaires from the rest, is their Mind. You will never be able to succeed in your wealth journey unless you have the Desire, a holistic view of what Money is, lots of imagination and most importantly, the pro-activeness to translate ideas into actions.

So what are you waiting for now?

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