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How to Think Like a Millionaire – Ep28

How to Think Like a Millionaire

by: Annette Bau, CFP®

Today, in “How to Think Like a Millionaire,” you will learn four critical insights on what they do differently than others. If you want to secure a financial future and retirement you love, you will love this episode!

Growing up, I seriously thought something was wrong with me because I saw the world differently than most people. I was really big picture. And I could see a direct flight to the destination.

And while there are advantages to seeing the big picture, it is equally essential to be present.

The insight you will learn today will show you how to think and act like a successful person.

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So, let’s dive into

“How Millionaires Think”

How Millionaire's Think

1. They have Confidence and Courage

The first thing is they have courage and confidence.

Not in a selfish way or by thinking they are better than anyone, but by feeling confident in who they are, what they’re thinking, and how they feel.

Do It Scared

Early in my career, I started working with deca-millionaires with a net worth of 10 million and centi-millionaires with a net worth of 100 million.

And while I was terrified, I still did it.

I approached them, talked with them, and got their business. So you can do it scared. Over time, you’re going to get better.

Now, I’m more confident and qualified to work with wealthy people than struggling people.

In the podcast, you will gain more insight into the millionaire mindset so you, too, can get better results.

2. They Know Their Desired Destination

Millionaires know where they’re going.

To start thinking like a millionaire, you’ve got to get on a direct flight.

What is your starting point?
Where are you going?
Why do you want to achieve your goal?
Where do you want to end up?

Most people live day to day, day in and day out. They just do their thing.

Living in the moment is wonderful and important, something I didn’t get when I was younger. That said, you must know where you are going.

Retirement Planning Checklist

Dopamine Hits

Living in the moment is more common with rich people with higher incomes and lower net worth because they are addicted to dopamine hits and loops.

Think of it. You have a cup of coffee; you have sex; you have your favorite food; you go and drink alcohol. These are examples of dopamine hits, and we all get them differently.

Rich people are much more driven by their primal limbic brain (toddler child brain) than wealthy people.

3. They Don’t Let a Road Stop Become a Roadblock

They understand that failure is a road stop on the journey to success, not a roadblock.

It’s only a roadblock if you allow it to become one.
They don’t. And shouldn’t allow a road stop to become a roadblock.

4. They Understand the Difference Between Income and Wealth

They Understand the Difference Between Income and Wealth
In high school, I realized that my problem was that I didn’t have money. I knew that once I had it, everything would be perfect. Clearly, that’s not true.

Living fulfilled, wealthy, and weighing your ideal weight are all priceless.

It is so much better than being broke or weighing more than you desire.

My initial goals were to earn income and become rich. A centi-millionaire shared that this was the worst goal I could have and that a better goal would be to focus on accumulating wealth.

Earning Money versus Accumulating Wealth

The goal isn’t earning money. It’s accumulating wealth. And that means assets, less liabilities. So important.

You must get the difference between earning income and building wealth, and I clearly didn’t.

And in my opinion, that’s why so many people are broke.

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Conclusion – “How to Think Like a Millionaire”

So, let’s review them.

1. Have Courage and Confidence.

And you, my friend, can too. We are not born with it. We develop it.

2. Know Your Desired Destination

Millionaires know where they’re going. And they are headed to their desired destination versus no destination.

3. Don’t Let a Road Stop Become a Roadblock

Millionaires understand that failure is a road stop on the journey to success, not a roadblock.

It only becomes a roadblock if you allow it to. And they don’t give up.

4. Understand the Difference Between Income and Wealth

Their focus is on accumulating wealth so that they can create residual and passive income and live on it instead of earning income.

Now, I want you to apply a couple of nuggets you got here. You’ll be so glad you did.

Until our next episode, take one action that will help you create a secure financial future and retirement you love.

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Congratulations on taking another step to create a financially free life you love.

If you are ready to know your financial house is in order, please go to https://themillionaireinsider.com/nsf.
Thank you so much for joining me for

“How to Think Like a Millionaire.”

I’m Annette Bau (Bah oo).

All international copyrights are reserved.

Links Mentioned In This Episode

  • Worth Barometer Guide
  • Free Financial Checkup
  • Support Request
  • Rich vs. Wealthy
  • Lessons I Learned From A Centimillionaire ($100,000,000 Net Worth)
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About Annette Bau, CFP®

7 Principles of Becoming a Millionaire for Life The 7 Principles of Becoming a Fulfilled and Wealthy Millionaire," contains over 30+ years of research on money, mindset, and success. Click to get the 7 Principles.

About Annette Bau, founder of The Millionaire Insider®
Hi, I'm Annette

I'm a mid-western girl who began investing $25 per month and turned it into a multi-million dollar empire. I love hiking, skiing (not always lovin' it when I'm trying to catch my kids :) ), yoga, matcha tea lattes, and working because I choose to. My commitment? Teach you how to secure a retirement and financially free life you love!
Click to learn more.

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