How to Develop and Maintain A Millionaire Mindset

millionaire mindset

“Dreams are not what you see in your sleep, dreams are something which do not let you sleep.” 

-Dr. Kalam


We all dream about what we want us to be. But for most of us, there is a big difference between what we aspire to be and what we actually are. How do we convert our dreams into reality? It’s all about having a millionaire mindset. A life-changing millionaire mindset. A millionaire mindset, something you might have heard of a lot many times before. But what really is a millionaire mindset? And how do we persist on that? Do leaders have a fundamental difference in the way they think? How is it different from other types of financial success outlook? Here we will be seeking answers to these questions and try to understand how to develop and maintain a millionaire mindset so that you can employ millionaire thinking and take your rightful place among the financially successful.

Ask Yourself “Why?”

As it is very rightly said, when the why is clear, the how is easy. Ask yourself, why do you want a million dollars and to be among wealthy people? Take a pen and paper and list all the reasons that pop into your mind, ranging from personal growth to developing new skills or work ethic. They can be foolish, doesn’t matter! List each and every one of them.

No matter how obvious or mundane this activity might seem as of now, but believe me, it will help you later. Having a 7 digit figure against your name is no joke. And obviously, it’s not going to happen in a day either. It’s a long term game and you will have your highs and lows during the process. Most people get rich slowly and watch their bank account rise over time. Making money is not usually an overnight process and it takes time to develop millionaire mindsets. There will be times when you will be on the verge of giving up. It is then when you will need to take a look at your “why-list” and remind yourself why you started in the first place. Having a crystal clear vision of things is the most important step in your millionaire journey.

Believe in yourself

millionairemindset-you got this

As Theodre Roosevelt once said, “Believe you can, and you are halfway there.” It can’t be described any better. The power of self-belief is incredible. It paves the way for a ‘growth mindset’, according to which we treat our brain as a muscle. You can train this muscle, which is your brian, to learn and do anything. Believe that given the time and energy, there is no skill out there you can not learn. It helps you escape from something psychologists call ‘learned helpness’. There is always room to change and come out of your circumstances. There is always a way. Reminding yourself of these simple points is gonna help immensely.

Start Taking Responsibility For Your Actions

As Allanah Hunt says “It is only when you take responsibility for your actions that you realize how powerful you truly are.” Certainly, none of us can disagree with Allanah on this. Knowing that it’s you who control your life is a massive confidence booster. You should have a firm believe that all your outcomes, good or bad, are the consequences of your actions. Blame game is futile, and it’s not gonna get you anywhere. No matter how little you feel your fault was, always blame yourself first before others. Having such a belief-system lets you always have some room for improvement. This way, you will be regularly scaling up your potential and upgrading your skills.

Know where you are putting your money in

millionairemindset- save

As it is very rightly said, “buy assets not liabilities”. A sports car, no matter how fancy it may seem, is a liability. It gets money out of your pocket instead of bringing it to you. A stock of a company is an asset. If the company rises, it’s gonna get you something. Analyze how and where you are spending your money. Read more and more about finance and investments. Have fixed investment goals. No matter how little you start with, but do. Warren Buffet, a multi-billionaire who earned his fortune through investments, started investing when he was barely 11. We all start from somewhere, and the earlier you do, the better it is

Find your weak points

As you know, earning a seven digit figure doesn’t involve following a fixed path. It’s a journey with a lot of pits and bumps. You need to keep on checking and analyzing your weaknesses and strengths. See what you lack that’s pulling you behind. Are you poor in finance? Learn. And as mentioned before, believe that given the time and energy, there is nothing in the world you can’t do. You don’t think you have enough time? Find an expert and have him do it for you. As Jack Ma says “you do not need to know a lot”, you just need to have the company of people who know a lot. This way, you can find what your weaknesses are and turn them into your strengths.


As it’s a long journey, there will be all kinds of moments. From highs to low, best to worst; you will see everything. But you need to persist and continue even if things didn’t work out the way you wanted them to be. As a famous quote by Vinci Lombardi says, “Winners never quit and quitters never win.” Just realize that quitting was never an option. It is the hard times only when you will need to go check your ‘why-list’ again and remind yourself why you began in the first place. And as the legendary scientist, Thomas Edison proposes, most failures in life are people who did not realize how close they were to success before they gave up!

Focus on solutions


Not a single world issue was solved by focusing on problems. We all need to eventually turn our attention to solutions and work towards it. And as the author Deepak Chopra believes, “every possibility holds the promise of abundance”. Being pessimistic never helps. You will see how things start working out for you once you have a positive mindset. Another aspect of being focused on solutions means that you are no longer bothered by the difficult circumstances around you. No matter how tough and ugly the situation might become, if you have a solution based approach to things, you will always be positive, enthused and energetic towards your goal.

Learn how to be a leader and your own boss

Leadership skill is gonna be the most important skill you will be needing besides your actual work skills. No matter where you stand in the leadership pipeline currently, always aim for higher. Always imagine how hard you will work to be the CEO of your company. Psychology says that picturing yourself working towards your goal helps you manifest it in reality. Doesn’t matter if you have anyone working under you or not. Work for the day when you will be employing hundreds under you!

Read a lot

It’s a fact, leaders are readers. Reading gives you a newer and better perspective to see things. Read about your favorite entrepreneurs; their biographies, auto-biographies. When you read a book, especially an auto-biography, you get an extract of the author’s whole life-learnings. You might not have experienced those situations yet, but the author has, and you can be familiar with them as well just by reading him. Reading forms connections and grows your intuitive mind. And as it goes by the saying “smart people learn from their own mistakes, but wise people learn from others’ mistakes”. Be wise and read a ton!

Find the drive to a million dollars

All the above mentioned points can be achieved easily if you have a personal drive within you. Discover what you love doing the most. Never fall into the pathetic mob mentality. Drive for change. Have a greater purpose and legacy. Think how you want people in the coming generations to remember you. Work for change; within you and for society. As a saying by Winston Churchill goes “to improve is to change, to be perfect is to change often”. Strive for perfection. Outwork others, there is nothing in the world you can’t achieve with your hard work.

So these were some points for one to have a millionaire mindset. Remember, you do not have to be a millionaire to think and act like a millionaire. Life is short and work hard for your dreams. Regrets of things we did can be consoled, it’s always the regret of things we did not do which hurts the most. Never let it dawn upon you. You live once and live it full. The only limit should be your imagination!

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