Developing a mindset that helps you acquire the basic necessities of life
is not enough this is because every single day gets more expensive to live
and if your income isn't rising then you're
simply falling behind as you know part of living is growing
therefore whatever does not grow slowly dies that's why you need a
mindset that wants to see exponential growth and in this video i
will share with you four mindsets that will double your income
and if you're new to the channel then hit the subscribe button below for more
life changing content mindset number one you can't earn money working
all the time a nine-to-five job will likely only ever be able to support your
basic living needs the sad truth is that it
generally can help you grow your wealth a job is for people on survival mode but
if you want to go one better and thrive you need to change your mindset working
a nine to five will drain you mentally leaving you little to no time to invest
in higher paying work such as freelancing or starting a business
most people have dreams and ideas of starting and running the business and
having the prestigious tag of boss however something
always prevents people from executing the plan most of the time
it's capital that's a problem people never feel really ready to leave their
jobs for an uncertain endeavor such as starting a
business or beginning life as entrepreneurs
you'd probably like to bide your time and save up as much as possible however
the truth is that there is never really a right
time to start your own business having this mindset means you'll have to
do away with the fear of risk and shame as i've said a couple times many people
are successful today because they did not give up but tried one more time
shame is the one thing you must give up to be wealthy and successful
the reality is to get rich you have to provide a product or service that is not
common to do this you have to take risks and put yourself out there
keep watching and i'll show you what i mean bill gates had to drop out of
harvard university to begin microsoft he was learning about technology but
if he didn't change his mindset he would have ended up at a 9 to 5 job
bill developed a right mindset and became a partner in a company
and well you know the rest among the other disadvantages of the 9-5 mindset
is that it makes you too comfortable to try things and take risks
you keep telling yourself that you have an income you can pay the bills and
still have a little left to save so you're comfortable so you ask
why should you even bother with anything else but what if you lose that job
change is the one constant thing in life and if you don't move life will
move you therefore shake up your life make that move and see how one change
leads to another even if you don't lose your job your services are only helping
to build someone else's wealth but when will you begin to build your
own spending about 40 hours every single week contributing
to the development of another person's asset is quite a lot of time don't you
think what if you had all that time to invest
in yourself once you're ready to get out of the comfortable career right you can
then dedicate that many hours to your own assets
money spent on your business can be used to deduct from your tax bill too which
is always a plus people also fail to realize that time is
of more value than money money can be saved and invested to
generate more by itself that is but only if you know how however time is
very fleeting no one can recover the time that has just been spent
just as i said earlier in this video when you give your time to work for
other people you cannot regain that time sure you
earn while at that job but what happens to the time left
when you finish your duties early it's wasted the organization you're working
for owns your time they control your
schedule however you're in charge of that too when you
work for yourself yes you have to grind harder but the rewards
are all yours both profit and time mindset number two you can only
maximize your income by doing what you love
slaving away at a job you don't like or even hate will block your ability to
produce maximal results you're probably living
on autopilot waking up and going into work knowing exactly how
uninteresting and uninspiring your life will be that day
and for all the rest of your working days as well
this kind of life will lead you constantly feeling unhappy bored
and continuously daydreaming of a better life this is probably the life jay-z was
living when he's saying this can't be life perhaps it's time you
change your career regardless of the size of your current paycheck
you have the capacity to impact the world positively but to do that
you have to be prepared to adapt and change with life those changes bring the
mixture of anxiety sadness fear excitement and happiness
that makes life interesting you should not allow the fear of failure
working hard to prevent you from writing your name
in the sands of time instead you should embrace those negative feelings by
realizing that they will only contribute to your growth
leaving your comfort zone will challenge you now the idea is not about leaving
things at the slightest sign of bother you should make an effort to enjoy what
you do however if you can't you would do well to leave or else you
will not be capable of maximizing your wealth realize that it's
not the end of the world to close some doors this
is not about pride or incapacity it's simply about not wasting your life and
time on a career that won't take you anywhere if you can't
find a way to love your career and feel like taking on a new challenge
there's no use holding back you will put yourself up for a future
filled with questions like what would have been
the world is brimming with new ideas and opportunities and if you do not
find these two things you may not be able to maximize your wealth we will
look at this soon in this video you need to be challenged to realize
your true potential and if you don't put yourself in situations that continuously
do that you'll never know through challenges
ideas are sparked that may lead to new opportunities and further challenges
that if capitalized on will generate abundant
wealth another thing about doing what you love
is that you will continue to learn new things as you grow in it
learning is one of the things that proves that you're alive it produces the
same feeling you get when you're enjoying what you're doing
so they go hand in hand like all humans you are born curious
because your mind wants new information that when obtained will help you grow
and prosper doors to new opportunities experiences
and generation of assets open when you're doing what you love how
information is key pun intended and when you're doing what
you love you'd be more eager to learn about it all while learning about
yourself too so with all the information learned you
can get better and offer more which means you'll earn more in turn
therefore i think it's time you asked yourself
what am i passionate about what is my purpose discover your talents
strengths and what drives you here's the quote to get you started
people who are not ready to learn cannot be helped
those determined to learn cannot be stopped mindset number three
realizing a 9 to 5 job will never make you wealthy
as you've been watching this video you've got an idea of the fact that
working a job cannot make you rich you need to build multiple streams of
income for yourself it's indisputable that more streams of income means more
security you cannot be all about your 9 to 5 job
and want to grow your own wealth the reason
just keep watching i'll elaborate more in this video life is a nine to fivers
filled with pay cuts and layoffs on the other hand
life with multiple streams of income means if one of the proverbial eggs in
the basket breaks the others keep you going by the time
you throw the law of compounding interest into the mix the growth of your
wealth is unstoppable and limitless as i shared earlier you
need to find your passion and when you do
you can offer service to the world this can be through offering a unique service
or a must-have product at the core you just have to be offering more value to
see more income in return for income diversification you may be
capable of building yourself a passive income stream that grows slowly over
time and if you're savvy and a creative
person you can definitely come up with a new product then promote it
you could start your thought process running wild by asking what you wish you
had but is not presently available at the core
whatever you offer needs to meet other people's needs
for example maybe you have knowledge the world could use and that knowledge could
be transformed into a book one quote says you're better at
something than 99 of individual sense most if not all the 99 of others will be
the target market for this particular skill or trait you possess
the other one percent that are equally as good are most likely
too lazy to write about it so voila there's your opportunity
however writing a book is just one example of the things you could do
so task your mind and start getting things going
mindset number four shifting from saving everything
to investing everything you have to understand that saving loan won't grow
your money and that investing is the best method to
grow that wealth generally people use investing and
saving interchangeably however there's a difference saving has to do
with setting money aside for future purposes or emergencies
it's the money you'll access quickly whenever you want or need it without any
risk a lot of financial organizations provide
people with various savings options meanwhile investing is when you buy
assets like real estate mutual funds bonds and stocks with the expectation
that they will generate wealth for you investments are made in a bid to secure
long-term goals yes it's good to be patient with your money
however you should know that dormant money
will lose its value over time yes no thanks to mediocre interest rates and
inflation your hard-earned money is actually losing value
the intelligent thing to do is then to invest your savings wisely
giving life to your money and enabling it to grow which in turn grows your
wealth so rather than dedicating all your money to
savings push some of that cash towards investing
once your emergency account contains an amount of money you're comfortable with
you'll be smart to put the rest of your money to work through investing
now you're asking how it's all done to invest successfully
you need to determine your investing goals you need to ascertain
when you want or need to achieve the goals as well as your level of comfort
with the potential risks take note to ensure that the investments
you choose match your tolerance level this is important
because you can't fret when it comes to investments
above all else if you want to ensure your financial growth you need to have
time for yourself and the passion to live your full life
by focusing on yourself you'll definitely develop these four
mindsets thanks for watching if you want to go
from the life you have to the life you deserve
then hit the subscribe button now