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How To Acquire A Wealthy Mindset in 5 Powerful Steps

By Ellesse

There is a feature in the Investment section of my Sunday local newspaper that I’ll never skip, even though I’ve a notorious reputation in my circle of friends & family for missing out on important news. It’s a weekly success story column on people who’ve made it good in the respective domains. And when I say “made it good”, I’m actually referring to the fact that they’ve carved a niche for themselves in the selected fields, lived a fulfilled life serving others with their skills and amassed quite a fortune while doing so.

As I continue to read such columns every week, I’ve noticed one common trait in all the featured personalities. Yes, not one of them. Not some of them. But all of them.

Despite the fact that they’re from different backgrounds, all of them possess the same mindset when it comes to money. In the past, I couldn’t put a name to this mentality. But after embarking on my own personal development revolution many years ago and recently having recapped this concept from the first free lesson in Bob Proctor’s Science of Getting Rich program, I’m starting to see the light at the end of the tunnel.

This is the infamous money consciousness that renowned personal development gurus have been referring to all these years.

From a layman’s point of view, this is what we call the wealthy mindset. This wealthy mindset basically means, irregardless of the physical condition that you may be currently in, so long as you see yourself bathing in financial abundance, your actions will maneuver in a way to manifest the wealth that you see yourself enjoying in the first place. If you possess the wealthy mindset, your endeavours will acquire the Midas’ touch. Literally.

The fortunate thing is, all of us possess the innate ability to fire up this wealthy mindset and there’re in fact different approaches to do so. Below are the top 5 steps.

(1) Eradicate Your Limiting Beliefs About Money

Some people scorn at the mere mention of money. How many times have you heard people say “Oh, I’m not doing this for the money” or “Money isn’t everything.” Well, they’re not wrong. The fact is money in itself has no absolute value. It’s the things that money can buy when in circulation that makes it valuable. It can buy material possessions yet at the same time, if you look from a different angle, once you’ve got enough of it to be financially free, it can literally buy you off from laborious work to spend more precious moments with your family. You can also contribute it to charity and benefit the less privileged.

On the other end of the scale, some people tend to overvalue the importance of money so much so that they become slaves to it. They loved money and let this passion cause their downfall.

In essence, if you never come to terms what money can bring forth into your life (i.e its value), your uneasiness with the “idea” of money will limit your ability to attract more of it. To put it simply, just imagine this, would you go into a car showroom if you’ve never had the intention to purchase a car? You may not want to buy it now, but the fact that you walked into the showroom implies that you appreciate the value of what a car brings. It can serve as a means of transport for you and your family. Or, if it’s a luxurious car, it may bring you the associated prestige with owning it in the first place. Because of your perceived value tagged to owning a car, you’ll find means and ways to get one. Likewise with money.

Remember, you can’t desire something that you’re not in resonance with.

Therefore, it becomes imperative that before you learn about other steps to hone this wealthy mindset, you should start having a conversation with yourself to remove the beliefs that’s limiting you about money. You can make use of the following exercise to help you with this.

(a) Write Down The Limiting Beliefs

  • “I shouldn’t earn more than what my husband is bring home”
  • “Rich people don’t care about the poor”

b) Ask Yourself Power Questions To Trigger A Refreshed View About Money

  • If money is not an issue an all, what will be the positive things that you can do for your family and community?
  • Out the things that you would like to do, which one ties in closely with your personal values and goals?
  • What are the reasons you aren’t rich yet?

(c) Tease Your Original Limiting Beliefs To Create New Affirmative Statements

  • My husband will be delighted to know I’m earning more than him because we’ll have more income to go for family holidays with the kids
  • Selfish rich people may not care about the poor but I know I’m not.

d) Pick The Most Sensational One and Repeat It Everyday

(2) Decide You Want to Be Wealthy & Justify Why

Everyone has the right to be wealthy. Yet, most of us allow a temporary lack of money eat into our minds, literally confining us into the vicious cycle of poverty. One of the colloary of the Law of Abundance states “People are poor because they have not yet decided to be rich”. So long as you manage a conscious decision to become wealthy and have utmost faith that you can achieve it, you act accordingly to what you believe. Say “Yes” to getting wealthy today! And say it with conviction.

Deciding to be wealthy only gets you started on the quest but what sustains you throughout the journey is the why. What is the reason that you want an extra $1 million into your bank account? Why do you want to work your butt off, sacrificing your weekends to man your business? Where can you seek inspiration if the going gets tough and you’ll feel disheartened? Yes, it’s all in the why. If you do not have a burning desire supporting your decision, you’ll find your motivation waning sooner that you think you can last.

Take a piece of paper and scribble down all the reasons that you can think of. Maybe you’ll like to retire earlier and travel around the world? Or you can quit your job and be a full time parent? Etc etc.

Needless to say, the one that resonates with the deepest part of your heart should be written on a index card to remind you of your bottom line.

(3) Determine How Much Do You Want

How much you want will inadvertently determine the action that you’ll need to set forth to reach it. For example, if it’s $2,000 per month that you’re looking for, working in your existing job might suffice. However, if $100,000 per month is what you intend to achieve, other alternatives such as starting your own business, investing in properties or working on your skills to get a better paying job may be more effective. More importantly, knowing how much you want prepares your mind for the potential issues you may face and keep it upbeat.

The challenge therefore becomes, how do you know how much you want? It’s tempting to arbitrarily quote a figure but this will probably do you more harm than good. If the amount is much higher than what you want, your approach to acquire the wealth may be too drastic within the same time frame. And you may end up burning yourself out. In the event that the amount is lesser than what you need, you’ll probably have to delay your gratification longer than you expect.

Determining how much you want need not be rocket science. You can do this by taking into consideration the objective for which you want the wealth for and do a high level analysis of the costs necessary to sustain it. Say if your reason is to provide your family with a comfortable lifestyle, you can include the costs of traveling overseas for holiday twice a year into your analysis. Continuously review this list of costs to ensure that you’ve got most if not all covered.

(4) Brainstorm On How to Get There

A lot of people think having a wealthy mindset involves only constantly thinking about getting rich. It’s only part of the equation. Brainstorming on how to get there is another important element that actually exposes the mind on the many possibilities.

Suppose you want to get from point A to point B, there’s route 1, route 2, 3 all the way to n (i.e. infinity). When you’re planning how to get there, the mind starts considering the many options and may prompt you to act on one of them. Along the way, your wealthy mindset may attract different opportunities, encouraging you to change course and go through a totally somewhat exhilarating experience.

One of the many featured personalities in my local newspaper, super affiliate Ewen Chia was a classic example. Initially, his plan was to market his own music compositions through the internet. But incidentally, he stumbled on online internet marketing and embarked on a unconventional route to becoming a internet millionaire. It was not an easy route as he had to juggle learning about the new knowledge and a full-time job. But his burning desire to be rich and financially free got him through the hurdle to get him to where he is today.

(5) Imagine As If You Already Have It

5 years before he bought his million dollar mansion, John Assaraf, one of the teachers in “The Secret” had been visualizing it every day on his Vision Board.

Jim Carey, one of Hollywood’s most famous comedian, wrote a cheque of $10 million to himself for “acting services rendered” and dated it Thanksgiving 1995, . By the time it was 1995, his asking price for the leading role in the movie “Ace Ventura: When Nature Calls” was $20 million!

Now, what do all these show?

That before you physically acquire the wealth that you’ve envisioned, you need to live it as if you’ve possess the amount of money that you desire! Since the subconscious mind is unable to differentiate between actual possession and mere visualization, by imagining that you already have it, you’re encouraging your subconscious mind to seek ways to transform your imaginary feelings into the real thing.

I know many people refute this step thinking that it’s impractical. But if you think about it, isn’t everything around us a true manifestation of someone else’s imagination? The Wright brothers imagined being able to fly and the reality is, we’re now able to fly in an aeroplane from 1 country to another in a matter of hours and sometimes, even minutes. Thomas Edison imagined lighting the whole room using a single source and as a result, the lightbulb was invented! Christopher Columbus imagined a new world and found the American continent. And many many more.

It’s a fact that without the imagination of these great visionaries, we’ll not be able to enjoy many of their discoveries. At a micro level, you too possess the same capability to create, improve your own destiny by constructing it in your mind. Brian Tracy said it best in his statement, “All improvement in your life begins in the improvement in your mental pictures”.

So how do you build this imagination?

Golfing legend Jack Nicklaus has an excellent technique called “going to the movies” that’s easy and fun to apply. He’s known in the industry to have a very clear picture of how he should play the game before actually going into one.

In his own words, he states “I never hit a shot, not even in practice, without having a very sharp, in-focus picture of it in my head. First I see the ball where I want to finish, nice and white and sitting up high on the bright green grass. Then the scene quickly changes, and I see the ball going there; its path, trajectory and shape, and even its behaviour on landing. Then there is a sort of fade out and the next scene shows me making the kind of swing that will turn the previous images into reality.” You can do the same.

For example, you can imagine receiving many income cheques when you opened the mailbox everyday. Or you can picture yourself receiving an award for being nominated the best entrepreneur in your country. Not only does it send the message to your subconscious, it serves a great form of daily motivation. You can try out this daily exercise in one of my earlier article 5 Tips to Daily Motivation.

Comments

14 Responses to “How To Acquire A Wealthy Mindset in 5 Powerful Steps”

  1. Darlene at 1:59 am

    good stuff! I liked this quote – “People are poor because they have not yet decided to be rich”.

  2. adrienne at 2:57 am

    I love this post. Lots of great info. I really enoyed the detailed explanation and examples of each of the 5 steps.

    Adrienne :)

  3. Ellesse at 3:02 pm

    Darlene & Adrienne, thanks for the kind comments and glad that you enjoyed the article!

  4. dee boyd at 10:55 pm

    You are funny .Thank you for the goalsetting college ,I am enrolled. Dee

  5. Ellesse at 2:54 am

    Welcome Dee and thanks for signing up for the Tutorial! I didn’t know I’m funny… Haha :)

  6. Dr. Artfredo C. Abella, Ph.D. at 9:15 am

    How to acquire a wealthy mindset in 5 Powerful Steps is an astounding topic that the author has brought to the website, let me contribute in my own little way were we can create a wealthy mindset:

    A) HE WHO CAN PERCEIVE AND BELIEVE UNLIMITED WEALTH IT CAN ACHIEVE.

    I you truly desire wealth and could perceive and believe that it can be yours then the battle has been 50% won. When you perceive wealth and affluence and believe that it can be yours, your subconscious mind will create ways on how to attain it. This is similar to the formula made by Caruso when he said: ” When you dream of something your genius inside you will awaken and you will receive inspiration on how to create and make that thing come to reality.” How many times have we done this before when we have financial problems then store all the data and probable solutions and then take a sound sleep at night. The following morning when the cock crows, you will have the biggest surprise of your life since the answer to your financial problem is right at the tip of your tongue. Try this practice and you will surely be stunned at the financial solutions that your subconscious mind has provided you.

    B) HAVING A WEALTHY MINDSET SIMPLY MEANS BEING CREATIVE AT ALL POSSIBLE SOLUTIONS TO YOUR FINANCIAL PROBLEMS.

    It was in Yale University when one coed student said that he could enumerate 100 ways to become wealthy by trying to impress his business professor just to realize that his professor was exacting instead that he must profess 100,000 ways to become wealthy and rich to pass his finance and business course. Wealthy people have the mindset of being creative and resourceful in ways to earn money, you name it from hairpins to cars to diamonds you name it and they have it.

  7. Ellesse at 11:21 am

    Dr Abella, thanks for your insightful additions. I absolutely agree with #1. You must have read the book, Power Of Your Subconscious by Dr Joseph Murphy?

  8. Pete at 10:25 am

    I like Dr Alfredo’s comment. My secondary school principal used to quote ‘you can become whatever you chose to be, no king nor slave can say you nay’.

    However, I have been practising this mindset for years yet the wealth hasnt surfaced yet..what am i doing wrong?

  9. Ellesse at 2:51 pm

    Pete, one of the more common banes of adopting this mindset is the blockage and stress. A lot of people are often too anxious to see immediate results that they inadvertently add stress to their entire visualization approach. When they can’t see the wealth “immediately” they lose faith and their old limiting beliefs comes back, blocking the entire flow of thoughts. Sooner or later, you’ll start thinking this whole wealthy mindset thingy is a load of crap. At worst, the person may feel that he’s fated to be poor.

    To avoid this sabotage, the best way is to be appreciative. Be thankful about the little improvements you’ve made and channel that gratitude energy in weeding out anxiety. Like what they say, you cannot be worrisome and grateful at the same time. I’ve recently written an article on being thankful to yourself. Do take note of the Dr Len’s method which you can use to clear out this blockage.

    The reason why a wealthy mindset is important because it determines the action you take. The thoughts affects the feelings and that determines the actions. Eventually of course, the results. But if the thoughts are not strong enough to stir up that emotion, you’ll never be poised for the action. Hence, in spite of the fact that you may think you’re doing the above, it could really worth the effort to go through the 5 steps again.

    Good luck! May you experience abundance and good fortune!

  10. Pete at 4:48 am

    Well said. You are spot on and also gave a good advice I’ll take on board. Thanks a million Ellesse.

  11. Ellesse at 7:43 am

    Pete. I’m glad it helped. Continue to have faith and you’ll be able to get what you want. Truly!

  12. wealthy1 at 1:00 am

    I thank you for this spiritual truth comming to light because the bible saids in proverbs 23:7a saids, as a man thinketh in his heart so is he, so yes we are the captives or victors of our faith, see it, believe it ,act on it and watch it come to pass. however just thinking it will get you no where because faith without works is dead…but it all starts with a vission and a strong effort to follow through to the end. God will give you the wisdom in the midst of it all just ask him.

  13. Ellesse at 3:05 am

    @Wealthy1 You’re right. Faith has to be followed by with action. Without the latter, everything is just daydreaming :)

  14. Adebisi Adeyemi at 5:22 pm

    My mind was arrested reading this piece. I have promised myself from now to start doing the things that will take me to a status of abundance because…it is there for the taking.

    Thanks

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