The Millionaire's Secrets #2 (The Millionaire's Mindset)

Millionaires think and see the world very differently! Where most people see problems, those with the millionaire's mindset see money-making opportunities.

Let me give an Illustration

Imagine if you had to take an important early morning flight to New York but due to unforeseen circumstances, the flight got cancelled and you are stranded at the airport with a hundred other passengers. There is no other flight out that day. What would you think about? How would you feel? What would you do? Would you (a) Just wait for news of the next flight out? (b) Lodge a complaint with the authorities? (c) Hang around with the other disgruntled passengers and complain? Well, it depends on your mindset. Most people would think of the situation as a 'problem' they can't do anything about. They would feel frustrated and angry and take one of the three above actions. What would someone with a millionaire's mindset do?

How a billionaire Richard Branson responded to the same situation

Well, this exact same situation happened to billionaire Richard Branson in 1980. While vacationing on Beef Island (part of Virgin islands), Richard Branson and his wife were stranded when the local Puerto Rican flight got cancelled. There were no other flights out that day. Instead of seeing it as a 'problem', Branson's millionaire mindset got him to see it as a challenging opportunity. As a result, he took a very different set of actions.

Branson got on the phone to a few aircraft charter companies and managed to charter a private plane for $2,000. Knowing that there were many stranded passengers who needed to catch a flight out badly, he borrowed a blackboard and wrote 'Virgin Airways $39 Single Flight to Puerto Rico'. Within an hour of walking through the airport terminal, with the blackboard in his hand, he had sold every single seat!

After successfully flying everyone back and making a cool profit, he mulled over what one happy passenger had casually said,"Virgin Airways isn't too bad-smarten up the service a little and you could be in business." Up till that moment, Branson, the builder of Virgin Records and a Hot Air Baloon adventurer, hadn't given any thought to getting into the airline industry! But Branson, ever the bold adventurer, lost little time in launching Virgin Airways, taking on the giant British Airways and the rest is aviation history. Today, Virgin Airways is a global budget airline and one of the most profitable in the world.

The amazing thing about Branson was that he did not use any of his money to solve his 'problem'. He used his millionaire mindset and thinking to turn a problem into an opportunity, which not only solved his problem, but made him even more money.

So, if you are not creating tremendous wealth right now, it is because you are not taking the right actions. In other words, if you want to massively change the results in your life, you have to take different actions. To take different actions, you have to think differently. And of course to think differently, you must have a different mindset.. the millionaire's mindset.

The millionaire's mindset is made up of your habits, beliefs, values and attitudes.

The Millionaire's Secrets #1 (The Greatest Money Making Asset That Will Make You Become a Millionaire)

So what is this one asset that all of us already have at our disposal?

No, it's not your double degree, MBA or PhD. from the best universities. And no, it's not the inheritance the 'lucky' get from rich dad, rich uncle or rich grandma to start business.

This asset is so powerful that it will not just give you a 5% return or even a 20% return which you would expect from the stock market. This asset has the potential to give you infinite returns. In fact, if passionately developed, it will give you a 1000% return on your time investment.

The asset I am talking about is something that all of us have been given at birth. It is an asset that all of us have in common. It is this one single asset that will generate for you unlimited wealth and make you become a millionaire. This asset is your mind, also known as your intellectual asset!

When you invest time and money to expand your knowledge and skills, especially your financial education, it will return you millions of dollars in income streams for the rest of your life!

Like Adam Khoo, one of the Singapore's youngest self made millionaires, started with nothing but a hunger for knowledge of how to be a millionaire. Today, he can honestly say that the millions of dollars he has generated for his companies have been spun off from nothing but the ideas in his head. Ideas that would not been there if not for the investment he had made in his financial education.

In the past, the majority of a company's assets were made up of physical stuff like machinery, plant, equipment, and land. You would value a company by adding up the book value of all its fixed assets. Today, over 90% of a company's value is in its intellectual assets! Look at Google, Microsoft, Nike, Berkshire Hathaway or Ebay. They are worth billions of dollars and generate hundreds of millions of dollars a year and yet they hardly own much physical assets. If you were to add up the total value of their factories, bank account, inventories, and office equipment, it would make up less than 5 % of what the company is worth. In fact, Nike doesn't even own many factories. The wealth of these companies lie in the ideas of the people working there.

The same thing goes for you! Over 90% of your wealth is not what you have in your wallet or in the bank, it is the ideas that you have in your head! In the information age of today, one great idea can be worth a million or even a billion dollars. That was how a kid in blue jeans with no money, working out of his adopted parent's garage could become a multi-millionaire at age 25 (Steve Jobs, CEO of Apple Computers).

That's also how a 35-year old Indian national who arrived in a foreign land (Singapore) without a single dollar in his pocket and nothing but a job offer from a prospective employer, could build a global company with an annual revenue of $3.4 billion with 800 staff in 31 countries all within just five years (Vikas Goel, CEO of eSys Technologies).

Latest brain research has shown us that all of us have basically the same neurology and that all of us share the same phenomenal brain potential. In fact, the average person uses less than one percent of their potential intelligence in their lifetime. So, as long as you have a functioning brain, you are already born with the greatest money making asset that you need to be a millionaire. You have the same exact raw materials available to you as Adam Khoo, Bill Gates, Warren Buffett, Richard Branson, Steve Jobs, and Donald Trump. All these millionaires and billionaires started with nothing but their intellectual capital.

Thus, If Adam Khoo, Bill Gates, Warren Buffett, Richard Branson, Steve Jobs, and Donald Trump can become self made millionaires and billionaires, so can you!!!