By Armando “BUTZ” Bartolome
It’s not being cocky. It’s a positive attitude that can help you become successful in any kind of business that you are in. If you long for financial independence, you must learn to develop a millionaire mindset. You would be surprised at how some of the millionaires truly value the money that they earn. True enough, you see them look at their best- just like a million dollars worth. But when you look into their personal life, most of them drive used cars or live in an average neighborhood. Now that is when you would think that “not all that glitter is gold”. Most of those you see splurging on material things are likely just to show off. And still, they remain financially burdened.
I remember one friend of mine saying how a can that has been half-filled with coins. The noise that comes from it is similar to a person who just keeps on blabbering about what he has, but in reality, he is just like any average person that you meet. But try shaking a can that has been filled until the brim – absolute silence, which means, a man who has enough of his own does not need to shout to the whole world who he is, what he has or what he has achieved in life.
How to Develop A Millionaire Mindset
Wealthy people believe in getting rich slow than making millions in an instant. To back up this habit, they have one thing in mind: to never lose money. They’re careful in spending their hard-earned money. In fact, they spend more time thinking about their finances than those people who remain exactly where they are for the past 5 or 10 years. Did you know that an average self-made millionaire would spend up to 30 hours of thinking each month studying and planning his finances? This only means that people who give much time to think about their finances are able to make better decisions, thus, they get better results, and can easily achieve financial independence.
A millionaire never tires to seek financial advice before doing anything with his finances. Therefore, choose someone who is financially independent and listen to how he was able to achieve it. Have a better understanding of how he smartly invested his money to achieve his financial independence.
Do not be easily lured on investments that promise an almost “too good to be true” deals. Remember that money that does not grow from trees, therefore, you must be able to know and understand what you are getting yourself into. Again, if you think you have enough money to put for an investment, it is wiser not to put it all in, unless the investment has proven to be worthwhile as backed up by other people you trust. Make it a habit to have a thorough understanding of the investment. If there is one thing that is too hard for you to understand, do not put your money in it at all.
Wealthy people do not rely on luck. As much as we don’t want to spend on insurance, keep in mind that it may just be your savior when worse gets to worst. How come it is easier for most people to get car insurance, and yet when there is a need to have insurance for other more important things, it is almost not thought about?
Protecting your assets is just as important. Develop the habit of protecting your estate from unnecessary taxes and inconsequential lawsuits. Seek for a lawyer who specializes in wills and estate planning. Small things like this can save you a huge amount of money.
Learn the habit of asking for more information when it comes to expenses. Ask the following questions:
• Does the company need it?
• How often will it be used?
• Are there other means where it can be purchased at a much lower rate?
• What are the limitations?
Don’t be in such a hurry to become a millionaire. There is no such thing as an overnight success unless you involve yourself with illegal business transactions. Achieve financial independence slowly. Every cent that you save and properly invested has the ability to grow. Even if you grew up in a very wealthy family, and you are unaware of how to manage your finances well, there is a huge possibility of you losing all of it.
The goal of achieving financial independence is great. But the most important thing more than this is how you grew as a person – the courage and persistence that you have developed along the way – that is when you can finally be more than financially secure, but ultimately happy and satisfied for being able to provide to all the needs of your family.
For questions and more information, you may contact Armando “Butz” Bartolome His website is https://www.butzbartolome.com
