How to Develop A Wealthy Mindset

How to Develop A Wealthy Mindset

What is wealth?

Many people define wealth within a spectrum of many different values. Wealth can be defined within the context of monetary accumulation, good health or living a desired lifestyle.

No matter what criteria you attribute to wealth, it all boils down to the image of living a life beyond an average state of existence.

Going from that point of recognition, it is important you begin to recognize what develops a wealthy mindset. Even with these different variations of what can be defined as wealth; the key component within the equation is a mind which welcomes wealth within its confines.


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How to Develop A Wealthy Mindset

Many people have a generalization of what is considered wealth. But, everyone does not have the ability to possess true wealth within their lives. This is because their mindset denies them the ability to think wealthy. Their mindset is stuck within the cages of mediocrity and victimization.

If you want to be able to develop a wealthy mindset, which leads you to creating powerful wealth for yourself, follow these necessary steps.

 

1. Define Your Desired Wealth

This is not where you do the typical generalization of a big house, three luxury vehicles and a closet full of designer clothing. You want to move beyond the typical definition applied by those who only dream of wealth but don’t change themselves nor actually work hard for wealth.

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When I say define your desired wealth, I want you to be as detailed and specific as possible:

  • Create an outline of your desired mindset
  • Create an outline of your desired professional work life
  • Create an outline of your desired lifestyle

These three outlines will help you begin to open up your mind to wealthy thinking and in turn will lead you to creating wealthy behavior. Understand that the mind is a powerful tool. What you regularly allow to live within it becomes a part of you. A broke mindset produces a broke lifestyle. A wealthy mindset produces a wealthy lifestyle.

 

2. Create Actions & Behaviors that Reinforce Your Mindset

Thoughts are nothing but wishes without applying actions that bring them into fruition. For example, you are on the couch thinking about how you want to be successful.

But after two hours have passed, you remain in the same position. You are just sitting there and hoping and wishing, rather than getting off your ass and doing!

In order to develop the wealth which you desire, you have to put in massive effort to actually produce that wealth. This means eliminating actions and behaviors which hold you back.

Don’t know what I am talking about? Well let me tell you:

  • Wasting time watching hours of television
  • Wasting time on social media discussing gossip
  • Eating unhealthy & not regularly exercising
  • Sleeping in late because it’s the weekend
  • Spending money to impress rather than spending money to improve and grow
  • Avoiding to read because you find it boring

Cut all the crap out and replace it with actions that help you transform your thinking and eventually your life. Wealth creation is dependent on the discipline of a focused mindset, effective actions and well developed behavior.

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Remember this principle if you remember nothing else from this post!

 

3. Avoid People Without Ambition

Does this mean discriminate against people who do not generate high six figures and above in income?

No, this means avoid people who settle in life and have no ambition to improve their current circumstances. People who possess an un-wealthy mindset contaminate you with their deadly affliction of mediocrity.

As the saying goes, “You are the average of the five people that you hang around.”

In order to increase the attraction of wealth towards you, socialize with those who have succeeded in creating the wealth you desire. This doesn’t mean you beg for a handout or become their groupie.

It means you position yourself to soak up their knowledge and insight on how to develop your own opportunities and cultivate them to produce wealthy results.

The Law of Attraction applies heavily here. You want to be surrounded by wealthy people in order to attract their mindset, emulate their behaviors and have access to their network.

This is how you separate yourself from the average minded person and begin to transform yourself into a wealthy minded person.

 

4. Never Waver From Your Stated Position

You changed!

You think you are better than everybody else!

You are an asshole!

These are the things people who are content with being unwealthy say to those who are focused on attaining their desired wealth. They can’t understand why you chose to give up their ways of living, in favor of a disciplined path that they are unwilling to follow.

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Your new mindset and behavior is foreign to them and it threatens their accepted choice of living.

Don’t bend to appease those who lack the discipline and focus you have implemented in your life in order to achieve wealth. Unwealthy people hate ambition.

They envy those who have found their purpose in life; working hard towards producing a life others admire and want to actually live themselves.

 

To re-iterate; here are the 4 steps to developing a wealthy mindset:

  • Define your desired wealth
  • Create actions & behaviors that reinforce your mindset
  • Avoid people without ambition
  • Never waver from your stated position

Remember something very important! Your production of wealth is dependent on YOUR ACTIONS and not the opinion of others who do not live your life.

Well, I have given you the blueprint of how to create a wealthy mindset, and now you must lay the foundation for yourself. I wish much success to you on your journey towards your desired wealth.

Have any steps to add to this list? Leave a comment below.

5 COMMENTS

    • Exactly Vishnu,

      The mind is the starting point but your actions must align with your thoughts in order to produce the life you want for yourself.

      Glad you enjoyed the post.

  1. Thanks for the post. I really enjoyed it. More than anything else, I’ve identified what necessary steps I MUST take to be genuinely wealthy.

    I’ll NEVER be broke again.

  2. Nice article here, Yura.

    I like the spin you take on not developing just the fiscal wealth goals, but overall the mindset that it takes. For instance, how do you want to think and act? This is crucial.

    Earl Nightingale talks about the importance of what we think about all day long. We end up becoming what we think about every day, and it’s important to visualize that as well, not just financial goals!

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