Think Like a Self-Made Millionaire

10 Secrets to Success

Stewart H. Welch, Kay Rice

• Publisher: Morgan James Publishing
• Year: 2016
• ISBN:
  9781630476908
• Topic: Business
• Subtopic: Finance
• Index: Business

THINK Like a Self-Made Millionaire: 10 Secrets to Success reveals the ten essential qualities you need to create the mindset you must have to achieve wealth. If you are missing just one or two of these ten characteristics, your chances of becoming wealthy are very low. THINK Like a Self-Made Millionaire will help you attain them all.

Chapter 1

The Secret of Decision

The indispensable first step to getting what you want out of life is this: Decide what you want.”

—Ben Stein

If you are reading this book, then it is probably safe to say that you want more money in your life. Most people say they would like to accumulate wealth and become Financially Free. However, wishing for money and wealth is not good enough. I am about to share with you what is perhaps the most important of the 10 Secrets to Success. Here it is: In order to become Financially Free, you must make a passionate decision to become Financially Free.

Unfortunately, most people are so busy living their lives that they don’t stop to think about what they truly want. Oh sure, they have passing thoughts: “I wish I had more money,” “I wish I were rich,” “I wish I didn’t have so many bills,” “I wish my spouse/children didn’t spend so much money,” “I wish my parents were rich so I could inherit a fortune.” I’m sure you have a few that you could add to this list. However, there’s no substance to these thoughts—and in fact, at best, they are nothing more than idle daydreams.

So what is the difference between wishing for more money in your life and making a passionate, destiny-altering decision to become Financially Free? In this chapter I am going to walk you through what it will take to decide to become Financially Free and show you how to give power to your decision. Today may turn out to be the most important day in your financial life. Remember, everything created in the material universe began with a thought and a desire. Your thoughts, desires and actions are what create your reality. Make no mistake: our thoughts are things and they are very powerful, more powerful than you may realize. In this way, your thoughts, decisions and actions today will create your reality tomorrow. Where you are today is the result of the thoughts, decisions and actions you have taken up until this point.

Take a moment and reflect back on the time since your first job. All of the financial decisions that you have made up until this time have gotten you where you are today, financially speaking. If you are perfectly happy with those decisions and with your current financial circumstances, then congratulations! Keep doing what has been successful for you. I hope that you’ll stick with THINK Like a Self-Made Millionaire because I believe you’ll pick up some gems that can accelerate your speed of success.

For those of you who are not satisfied with your results, congratulations! You have just found the key to unlocking the driver, or the passion it will take to make the kind of decision that will change your life forever! Every decision you make, every desire you have, is based on either seeking pleasure or avoiding pain. More often the most passionate decisions, the ones that have the most power, are based on avoiding pain. This is the point where the pain is so great that you’ll do just about anything to change your situation. I want you to know that you have the power to change. And yes, there’s still plenty of time.

I’m reminded of an old movie starring Peter Finch and Faye Dunaway called Network. In the movie, Peter plays a network TV anchor who finally goes berserk after reporting one bad news story after another and screams on air, “I’m mad as hell, and I’m not going to take it anymore!” His mantra catches on and everyone is opening their windows, sticking their heads out and screaming as well. My question to you is: Have you had enough yet? If you have, then it’s time you make the decision that you’re NOT going to take it anymore! Your decision is, starting today, to do whatever it takes to become Financially Free! If you make that decision, I will help you. If you don’t make that decision, then you are doomed to a future built upon the past. The decision is yours. Choose wisely!

Once you have made a passionate decision to take control of your financial future, you will have what it takes to be totally committed to your decision. The passion and commitment are what give your decision the power to bring it into reality. This is no longer a “maybe I’ll try” type of decision, but rather an “I’ll do whatever it takes!" commitment to your decision about your financial success. Total commitment to your decision is an attitude of the will.

In my experience over the past thirty-plus years, few people are willing to make this level of commitment to their financial success. In fact, research suggests that 95% of people never achieve financial independence. So what’s going to make it different for you? What level of commitment will be required for you to be accepted into the most private of clubs—The 5% Club—the 5% of the population who do achieve financial independence? You must have an unrelenting laser focus on a predetermined destination. In other words, you must decide exactly what you want, and then never take your eye off the prize until you have it!

Here’s a history lesson that illuminates the total commitment and passion which gives a decision the power to bring it into reality:

The Mongolian warriors were known as the fiercest warriors in history. The reason? They believed in total commitment to their cause. How did they express their commitment? They would pack all of their family, wives and children, and all of their possessions on their boats and sail to the land they intended to conquer. Upon arrival, they’d unload everything and set up camp on the shores. Then they’d burn their boats! You see, for them, defeat was not an option. If they lost the battle, if they lost the war, they would lose not only their lives and all of their possessions, but their wives and children would become slaves.

What achievement would you be willing to be totally committed to?

You’ve heard people say, “Be careful what you commit to.” This is because a commitment is a promise that you’ve made. If you break promises that you make to other people, they will quickly learn that you cannot be trusted, and trust is one of the most important character traits one can possess. Break promises to yourself, and you’ll lose both faith and confidence in yourself. The good news is that you can build trust by keeping your commitments to others and yourself. Are you ready to plant the seed of total commitment to becoming Financially Free? If so, I would be pleased to travel with you on your journey. It will be fun, challenging at times, and easier than you think.

Opportunity Assignment

Are you ready for me to walk you through a process to bring your decision to become Financially Free into a reality? Are you ready to become totally committed?

DECISION STEPS

1. The first step in the process is to decide what you want and then write it down! I’m not sure how to explain it, but something magical happens when you articulate your true desires on paper. A connection is made between you and the Universe and your chances of success are magnified many-fold. Make it measurable. Decide on the exact amount of money you wish to accumulate and the date by which you intend to have it.
2. The second step is to determine exactly what kind of service you intend to give to the world in return for this sum of money. Money is energy, and serves as a measuring stick of the service you give to the world. I believe we all came to this earth with certain talents to share. You will generally find those talents in things that you are passionate about or enjoy the most!
3. Next, you must fuel your decision with passion and commitment by building a compelling why. Write down why being Financially Free is important to you. Look for the compelling why’s like, “So I can send my children to the best schools,” or “So I have the time and resources to help needy children.” If you can get the why right, the how will become much easier.
4. Finally, once you’ve written it down (and here’s the scary part), share it with someone. Hopefully that someone is a person who’s in a position to support you and your progress, like a spouse, significant other or close friend.

An unconditional commitment that you make to yourself— one that you commit to writing, one that you share with someone you care about and who cares about you—now that is something different. I suspect you can feel the difference. Is that true for you?

ACTION STEP: Use the My Commitment form at the end of this section to write down the financial goal you are committed to achieving. Don’t wait. Do this NOW!

Nice job! Go ahead, pat yourself on the back! Now that you’ve put your commitment in writing, go back and re-read it. You should feel some strong emotions: passion; a sense of importance or urgency; a sense of determination; or a sense of empowerment. If not, re-think what it is that you truly want for your personal finances.

As additional support....

You’ll want to keep your written commitment where you’ll see it often, so I recommend that you place it somewhere where you will see it daily. Read your statement to yourself at least twice each day.

Finally, I want you to share your commitment with someone. Choose someone whose opinion you value and who cares about you. Ask them to be your accountability partner and agree to meet regularly to review your progress towards achieving your goal(s).

In order to go where you’ve never gone, you must do what you’ve never done...

—Author unknown

I know the price of success: dedication, hard work, and an unremitting devotion to the things you want to see happen.

—Frank Lloyd Wright

To help you, we’ve created a My Commitment form for you to fill in to help you put your commitment to yourself in writing. You will find a copy of the My Commitment form on the following page. Fill it out and carry a copy with you, and post a copy where you will see it every day. If you would like to print a copy of this form, you can do so by going to the Resource section of www.GetRichOnPurpose.com, where you will find a downloadable copy.

MY COMMITMENT

I,____(your name), am totally committed to my financial future and achieving Financial Freedom. I will accumulate at least $____dollars by ____, 20__and/or will have an income of at least $____per____(year/month/week), and a passive income of not less than $____per____(year/month/week).

In return for this amount of money I will offer the following talents or services to the world:____

 

 

I am passionate about my commitment because: (make sure you have a big enough why!)____

 

 

 

My thoughts from this chapter...

 

 

 

 

 

 

 

 

Chapter 2

The Secret of Clarity

“If one advances in the direction of his dreams, and endeavours to live the life which he has imagined, he will meet with a success unexpected in common hours. He will pass an invisible boundary; new, universal, and more liberal laws will begin to establish themselves around and within him—and he will live with the license of a higher order of beings.”

—Henry David Thoreau

The more clarity you have about what you want, the faster you will bring it into your reality. Once you impress on your subconscious mind exactly what it is that you want, and what it will be like to do, be, and have that thing, forces beyond your understanding begin to orchest...

Table of contents

• Cover
• Title
• Copyright
• Table of contents
• Acknowledgement
• Introduction
• Chapter 1 The Secret of Decision
• Chapter 2 The Secret of Clarity
• Chapter 3 The Secret of Belief
• Chapter 4 The Secret of Decisive Action
• Chapter 5 The Secret of Wisdom
• Chapter 6 The Secret of Attitude
• Chapter 7 The Secret of Financial Focus
• Chapter 8 The Secret of Leverage
• Chapter 9 The Secret of Team
• Chapter 10 The Secret of Giving Back
• The Final Chapter The Secret to Success: The Magic Formula
• Appendix A Turning Dreams into Reality
• About the Author