6 Ways to Think Like a Millionaire

Do you want to know how a millionaire thinks? Why are millionaires different, how come they get to spend millions and we don't? How can you think like a millionaire? Let's find out with 6 ways millionaires think and you don't.

Overcome your fears

A millionaire will see opportunities, no matter the state of the economy. Whether the dollar is weak or not, a millionaire will see an opportunity and take it. Take for example the real-estate market, even in times of a crisis, a millionaire still manages to make money with it.

But for most people it can be very scary to make a commitment to buy a property, so we don't, or we only buy the property to pay it back the rest of our life, which isn't a asset be a liability. Even today, Real-Estate is one of the best places to start investing if you want to become rich.

Fear is one of the main factors that prevents people from making more money. Most millionaires have annual investment plans, often they invest around 20% of their income.

Get over that fear and start making money work for you.

Don't play the victim

Blaming your parents that you never have much money or never going to be rich because they aren't, is one of the worst things you can do. 

What does that matter?

80% of millionaires did not inherit their fortunes. They are people that are determined to reach their goals. And you too can be one of them.

Be a researcher

Millionaires are always researching and studying new trends, they are hungry for new opportunities. With so many investment opportunities out there, you should always be looking for the next long-term investment opportunity. So, keep your eyes and ears open and do your weekly or monthly research.

A millionaire's mind is looking for long-term results, investments that will make you money over time. Stocks, bonds, real estate and so on can generate great opportunities. Millionaires know where to put their money to grow it even more.

Think bigger

Often all we want is just enough money every month to be comfortable right? But with this low bar mindset we often end up very poorly and miserably. One thing that rich people do differently than most people is to set the bar high. They think big. So, from now on, I want you to 5x your financial goals or even more. Think bigger.

Manage your lifestyle

You may want to have a house on a mountain, or a million dollar island, but most millionaires live below their means. And around 60% of them work between 45 and 55 hours per week. They continue to work so they can invest more of their income each year.

I know it is very tempting to spend your money, but those that spend their money on luxury cars and houses tend to have much more debt than you. And with debt your growth process is slowing down, or even coming to a halt.

And that is where your investment plan comes in handy. You see a rich person buy luxury items and say to yourself, I want that too. So you start buying things too, but at the end of the month you have no money left. 

A rich person on the other hand would first look at his plan and say. Ok, I made xxx amount this month. 20% will be investment, 20% will go into savings accounts, 40% for expenses, and the rest is to buy luxury items. You see, he has a plan, he doesn't spend all his income on luxury items. That is how he grows his money.

Keep the millionaire mindset

To keep the millionaire mindset is surprisingly simple, and still very difficult for some people. It's something you really need to want, and have to work hard on.

The following list gives you a good base for thinking like a millionaire.
  • Save your money
  • Look for new opportunities to invest
  • Invest wisely
  • Be consistent
  • Be positive
  • Always stay informed
  • be persistent

If you know what is happening around you and what things are impacting people, you can have a much better understanding of your surroundings and know much easier where to invest your money.

If you want to reach your goals, then what you believe is vital, so keep going and be persistent!

We hope this article has helped you, for questions please let us know in the comments below.

I recommend you read some books about this topic as well. Just think this, if you would do the exact same thing a rich person did to become rich, do you think you could become rich as well?