A Powerful Mindset For All

Keith Cameron Smith has some great insights and if you truly try to grasp and apply this in your life, you will live a life of abundance.

Distinction #1

Millionaires think Long-Term
The Middle Class thinks short-term

About Money- Very Poor people think day-to-day. Poor people think week-to-week. Middle-class people think month-to-month. Rich people think year-to-year. And very rich people think decade to decade.

The primary goal for very poor and poor people is survival. For middle-class people it is comfort. And for rich and very rich people it is abundance. The very poor, poor & middle class have a scarcity mentality as they believe there is not enough money for everyone to have more than enough. The old saying "Seek and you will find" is true when it comes to your finances. If you seek to survive, you will. If you seek to be comfortable, you will be. If you seek abundance, you will find it.

What would you like your life to be like ten years from now? Think about it and start planning for it, knowing that it requires patience. It requires the discipline of delayed gratification.
Millionaires do today what others don't, so they can have tomorrow what others won't. Millionaires value freedom over comfort- and because they do, they get both. Because the middle-class values comfort over freedom, they will never be free.

The principle of thinking long-term not only applies to your financial life, but to every area of your life. Your relationships, your physical health, your emotional health & your spiritual being.
Every area of life is connected and thinking long-term will improve every area. It becomes easier to develop the perseverance needed to handle challenges that arise, in order to see your dreams fulfilled.

How does your journey look?

Millionaires think Long-Term
The Middle Class thinks short-term


Distinction #2

Millionaires talk about Ideas
The middle class talks about things and other people.

Keith says that if he spends a few minutes listening to you talk, he can tell you where you are headed in life. This is because your words reveal your heart and mind. He then asks the question: What do you spend your time talking about?

Millionaires spend most of their time talking about ideas and look for several possibilities. You must continually expand your mind thinking of new ways of doing things. The middle-class talks about things and watches things happen and the very poor talk about other people and ask, "What happened?"

The middle-class thinks that you must have money to make money.
Millionaires understand that the right idea will attract the money they need. Money is powerful, but ideas are even more powerful.

When it comes to ideas take time to dream everyday as it increases your creativity. Here are a couple of simple ways to talk ideas more than people or things.

1. Change your vocabulary- Use words like possible instead of impossible, can instead of can't, and I will instead of I should.

2. Stop complaining and start learning- The next time you are tempted to complain, ask yourself, "What is life trying to teach me?" The lessons of life come to teach us to look at life from new
perspectives which lead to new ideas.

Millionaires talk about Ideas
The middle class talks about things and other people.

Distinction #3

Millionaires embrace change
The middle-class is threatened by change

Change can be positive or negative. The problem is, we don't know which it will be when change first presents itself. The middle class assumes change will be negative most of the time. Millionaires assume that all change, positive or negative, will benefit them.

Nido Quebein says, "For the timid in our society, change is frightening. For the comfortable, change is threatening. But for the truly confident among us, change is opportunity.

How well do you handle Change, especially unexpected change? Confidence is acquired through preparation and hard work. Confidence is believing you can do whatever you choose to.

There is a big difference between a choice and a wish. A choice is backed by a belief, a wish is backed by a doubt you can do it. Doubt is a code word for fear. What's inside of you, a belief you can do it or a fear that you can't? Change always gives you the opportunity to grow and become stronger.

The number one reason people resist change is fear. Fear blinds you to opportunities. Change teaches us new things that we need to learn and the more we learn, the more confident we become.

The middle class thinks millionaires got lucky and were in the right place at the right time. You have to be the right person, in the right place, at the right time, otherwise you won't even see the
opportunity. Learning to embrace change assures that you are becoming a person who can profit from life's opportunities.

Millionaires embrace change
The middle-class is threatened by change


Distinction #4

Millionaires take calculated risks.
The middle-class is afraid to take risks.

The middle-class is trapped in the rat race because it doesn't take risks. The only way out is to take risks. If you take risk out of life, you take opportunity out of life.

Taking a risk doesn't mean taking a shot in the dark. It means to gain knowledge first and to consider the consequences of failing before taking action. Millionaires educate themselves before taking risks, and then consider the consequences of failing.

There are three questions to ask yourself:

1. What's the best thing that could happen?
2. What's the worst thing that could happen?
3. What's the most likely thing to happen?

If you can live with the worst thing that could happen and if the most likely thing to happen will get you closer to your goals, then go for it!

There are three primary fears in the middle class that stops people from taking the actions that create success.

The Fear of Failure- The middle class fears this because it thinks failure is bad. Millionaires think failure is good. It gives them opportunity to learn and grow. A common phrase heard from the middle class is: I tried that before and I'm not doing it again.

The Fear of Rejection- Here is a key to success: you must want to succeed more that you want the acceptance of other people. You must not let your need for acceptance keep you from taking risks.

The Fear of Loss- Millionaires play to win. The middle class plays not to lose. Hugh difference! If you fear loss, you will only play defense when it comes to your money and your chance of financial freedom will be ZERO. People who are playing not to lose are always saying they should have don this or that. The biggest gap in the world is between I Should and I DID.

A survey done among a group of elderly people over the age of ninety. "If you had life to live over again, what would you do differently?" Top three answers:

1. Take more risks.
2. Take more time to reflect on the good moments & appreciate them,
and on the bad times to learn from them.
3. Do more things that would live on after they were gone.

Millionaires overcome their fears and take action. The middle class submits to its fears and lives with regret.

Millionaires take calculated risks.
The middle class is afraid to take risks


Distinction #5

Millionaires continually learn and grow
The middle class thinks learning ended with school.

Most millionaires read a book (print or audio) a week. They also pay for advice from people who have specialized knowledge in a field they need to learn about. Millionaires learn from people who have been there, done it, and are preferably still doing it.

Most middle-class people stay at the same level of income year after year because their knowledge stays at the same level year after year. Millionaires are students of life and continually learn from the circumstances of their lives.

A common question millionaires ask is: "What can I learn from this?" while the middle-class asks: "Why does this always happen to me?" which destines them to go through the situation again.

Millionaires focus on personal growth. They believe to have more they must become more. They see growing as one of the main purposes of life. They continually look for new ways of thinking and acting that can produce more fulfillment in their lives.

The middle-class thinks millionaires love money too much. What is true, is that millionaires love what they can do for thier families and others with their abundance. Millionaires who are greedy and afraid of losing their money are not truly successful.

Learn how to be content with where you are while in pursuit of what you want. It feels good to have money, it feels even better to have deep and meaningful relationships with those you love and it feels great to have both.

With Gratitude To You


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Respectfully Yours.
GraceTran

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