Hi everyone and welcome back to another video
I hope you're all doing well.
In today's video,
I'm going to be breaking down
how to think like a millionaire.
Now I know a lot of these videos out there
on how to become a millionaire
or how to think like a millionaire.
They have a lot of hype behind them
and they have no real practical steps.
So in today's video,
I'm going to take a very relaxed approach to this
and share some very practical steps
that you can start applying to your life
and change your mindset
to start thinking like a millionaire.
So in today's video,
I'm going to share with you five core ways
that millionaires think differently
than quote unquote normal people.
Now a couple quick notes before we get into today's video.
First off, this is going to be straight to the point
and there's no fluff in here.
Everything I say in this video,
particularly this video, is going to be said for a reason.
The second thing before we get started is that
the information that I'm putting in this video
may not be received by everyone.
What I've learned is
you kind of have to be ready for this information.
And now I know that sounds a little bit confusing,
but you have to be mentally ready
to start putting this in use.
And the last thing before we get into this video,
is that most people think that
becoming a millionaire is stressful,
you have to grind every day
and you really have to be a go getter.
However, I can tell you from experience,
this is not the case
maybe previously years ago,
that was the only way to do it.
However, with technology becoming a big part of our lives,
you can work smarter rather than harder.
So with all that being said
to all of you who are new to the channel,
welcome, my name is Greg
and I like to talk about online entrepreneurship
and share the resources that I wish I had along my journey.
The cool thing about this channel
is you will never find any paid courses.
Everything I put out here is completely free.
Also to those of you who are returning to the channel,
thank you as always,
for all the comments,
the support, the likes,
you guys are awesome.
As always, if you have any questions,
let me know down in the comments.
I'm always happy to talk to you guys
and help you out.
If you want to become a millionaire
and have the mindset of a millionaire,
the first thing you need to do
is be able to monitor your thoughts.
Now once you start doing this,
it's pretty common to find out
that negative thoughts are at least half of the thoughts
if not 75% of your thoughts.
The problem here is
when you are a business owner,
a lot of your thoughts throughout the day
are thinking about your business.
And if 75% of those thoughts are negative,
that negativity is going to be transferred to your business.
Now obviously, there is no physical way to explain this
how your negative thoughts can apply to your business
and make your business perform negatively.
However, as soon as you start changing this
and you realize what's going on with your thoughts,
and you switch that dynamic
to 75% of your thoughts being positive,
you will notice almost unexplainably over time
your business starts to perform positively.
Now obviously, just thinking positively
is not going to make your business do better.
However, it's the overall picture of you as a person
and what your general thoughts are,
are they positive?
Or are they negative?
An absolutely perfect example of this
that you can start applying almost immediately today
is as you go through comments on a video
as you're watching YouTube videos,
as soon as you come across someone
being negative in the comments
or saying this doesn't work,
you mentally just had a negative thought
and it starts to change your perception
of what you just saw in the video.
Now the reason that this is such a problem
and holds a lot of people back
from succeeding in their lives
is because the person that left that comment
may have never actually done it.
They may have something personal going on in their lives,
where they just saw something
where it was an opportunity for them
to vent some of the anger
or something going on in their lives.
This is exactly why we need to monitor our thoughts
and make sure that the negativity stays out.
Now the reason we spent so much time on number one here
is because it is the foundation
and it's so important.
If there's one way that I can tie up
all of number one for you,
it's just to set an intention today to be open,
curious and positive.
This can be as small of a shift as when someone says,
I'm going to make a million dollars this year.
Instead of immediately replying to them with yeah, right
reply to them with how?
So the next four of these mindset shifts
are going to go rather quickly.
Now that we've taken care of the first one,
the next one here is to think bigger,
and I mean seriously bigger.
When I was starting out in online business,
I always thought that if I made $10,000 per month
or if I made $100,000 per year,
I would be absolutely crushing it
and living the highlife.
However, the issue with that is
when I started to make $10,000 per month,
I plateaued there.
My beliefs were limiting me,
they were limiting me at $10,000 per month.
Now the takeaway on this lesson is that
you need to expand your beliefs.
A perfect example of this is actually a real story
that illustrates this perfectly.
A few years ago,
a friend of mine in the area that I lived in,
he was trying to grow his business,
but everyone in the area was kind of stuck
on $10,000 per month,
that meant he were doing great.
And he had vision to go beyond that,
except he didn't really believe that on a fundamental level
because he was stuck at $10,000 per month,
and everyone around him was stuck
at $10,000 per month as well.
So what he did is he actually made a huge change
and moved out to Los Angeles
where he thought there would be people who thought bigger,
and as you can guess,
as he started to meet people in that area,
they had beliefs beyond $10,000 per month.
They thought that $100,000 per month or more
was practical, realistic.
And that meant you were doing great.
Not only did those friends that he met
believe that they could make 100,000 per month
but they were actually making $100,000 per month.
This is what allowed him to believe it
on a fundamental level.
What he previously thought was impossible,
he saw with his own eyes is actually possible.
So that is the second way
that millionaires think differently
and that is to think bigger.
The third way to create a millionaire mindset for yourself
is to have confidence in your work.
Now this is especially important for beginners
getting into a new business,
whether that's in person or online.
And the reason for that is because
as a beginner, you haven't seen the results happen.
So you don't really know yourself
and you don't on a fundamental level,
know that what you're doing will work.
This is where a lot of people
unfortunately fall into the trap
of over analyzing their work,
over analyzing what they did in the past,
over analyzing if the strategy is going to work
in the long run,
and they end up just thinking themselves
into essentially paralysis.
What this means is they're not making progress
on their business every day,
and they're not growing it,
they're stuck in their head thinking about it.
So the third way that millionaires think differently
is to have full confidence in what they're doing
and focus on making progress
and growing their business every day,
rather than sitting back
and analyzing all of their work.
The fourth way to create a millionaire mindset for yourself
is to completely backload your business with work
before the money starts.
Now essentially, what this means is
in the beginning of starting a new business,
you're not going to make money right away,
it may take you a full year
or even two years
until your business starts to make that $10,000 per month
or gets to the point where you start to feel like
you really had success with your business.
Now the important thing to do
if you wanna become a millionaire,
is to make sure that all this time in that first year
or the first two years,
you are non-stop putting in
as much work into your business as you can.
One of the hardest things to do in the beginning
is to continue to work hard
when you're not getting paid for that work yet.
So if you can continue to backload your business
and just put in all of this work
before you've been paid.
Once all that starts to kick in,
you will start to make a lot of money.
And it will add up very quickly
once it all starts to kick in.
Now to be clear on this backloading your business
and working hard in the beginning
does not mean that you have to be grinding every day,
you don't wanna burn yourself out
and you don't wanna push yourself to the limits.
It just means that you have to stay focused
and stay productive,
try to stay off of social media,
try to put your working hours to full use.
And yes, it is going to be somewhat of a roller coaster.
Some days you're going to have really motivated days
that you get a ton of work done.
And other days you're going to find yourself
falling into a slump
and questioning everything.
Just remember that this is part of the process
and that it is all worth it in the end.
And once all this work kicks in,
it starts to pay off
and you have much less of those questioning everything days.
Now the last thing here and the fifth way
that millionaires think different is that
once the money starts to come in,
they not only live below their means
but they continue to grow their business.
Once your business starts to make
a substantial amount of money,
do not go spend all that money
and stop working immediately.
The way that millionaires become millionaires
and stay millionaires is making sure that
they continue that work ethic.
Yes, your life will change once you become a millionaire
because you won't have financial burdens.
However, the way to be smart with this money
is to invest that money back into your business.
When you're starting out in the beginning,
you have to do a lot of this hardwork yourself.
However, once your business starts to grow at a big level,
you can start to hire people
to do that hard work for you.
This is a good allocation of your money
once it starts to come in,
because it will continue to grow that money
every month in the future.
So guys, those are the five ways
that millionaires think differently
and hopefully this video has been helpful
and you can start applying
some of these changes starting today.
As always, if you guys have any questions at all,
just let me know down in the comments
and I'd be happy to help you out.
All right, with that being said,
I hope you stay positive
and I will see you all in the next video.