Notes from a Millionaire
On the Path to Wealth
Two ways of thinking:
Traditional
- Little risk if any
- Disciplined savings
- Disciplined spending
- Focus on building assets
- Building purchases
- Highs and lows stabilized
- (may be best for those with family considerations)
Entrepreneurial
- Higher level risks
- Belief of spend it, and income will increase
- High lifestyle
- Highs/Lows @ extremes
- Must be able to adjust standard of living
-
Highs can be grand
And of course the third path, which is a combination of both…
4 Keys to Financial Success
- Make a definite decision to be wealthy.
- Establish positive beliefs (what you can and can’t do is based on your beliefs.)
- Never listen to what others tell you what you can’t do.
- Use leverage
Some examples of positive beliefs:
- Develop the mentality in business to “Work yourself out of a job.”
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