Lidiya K - How to Think and Live Like a Millionaire

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Copyright 2016 - Lidiya K

Some time ago I realized that you dont need tobe a millionaire in order to live like one.

What you need to learn how to do, though, isthinking like a millionaire.

The mindset shift happens slowly over time, butthen changes your reality as your new way of thinking affects yourjudgment and actions. You turn into a more responsible, productiveand successful person, manage your time and money better, makechanges in your environment, reach your specific goals, andeliminate anything that shouldnt be in your life.

Whats the end result? In a short time, youre able to start living the lifestyle of amillionaire.

Meaning, you have full control over your time,have the exact amount of money you need to live an enjoyablelifestyle, can travel whenever you want to, learn new skills andhave hobbies, spend enough time with your loved ones and also meetnew people all the time - and all that without actually possessinga million dollars.

But how is that possible?

Well, money is overrated. Its all about time,freedom, independence, doing what you enjoy and having less butonly the essential.

For instance, being a millionaire doesnt meanyoull be happy. In fact, most millionaires are miserable due tothe rich people problems.

Managing that amount of money makes you gocrazy, it doesnt let you sleep at night, you cant have a singlemoment of peace and contentment without having tens of thoughtsabout money, business, investors, new projects, or else, pop up inyour mind.

But when you only think like a millionaire, andhave a small business or are working for yourself making justenough money to do what you want to do with your life, things aremuch better.

A millionaire may be considered a success in hisindustry, but often its not even what he wanted in the firstplace, its not what hes passionate about. He doesnt have anyfree time to travel or do things he enjoys. He cant work on newcreative projects when he feels like, and cant get out of the gamejust like that.

In this case, money becomes a prison.Millionaires often come to the point where they cant stop makingmore money, although they want to. Which leads to not being able toenjoy even one meal in silence, not being able to ask their kidsabout their day because theres always another meeting, anotherdeal, another call.

So lets skip that part, and actually live likea millionaire by developing the mindset of a rich person. Hereshow:

Thats finance 101, but its what average peoplenever do.

The most basic financial rules you should startfollowing at an early age are:

1. No credits.

2. No loans.

3. Spend less than you make.

4. Cut most of your expenses.

5. Save money.

To think and live like a millionaire, youllneed to be strategic. But before anything else, you should getclear about what you want in life, and which aspects from yourcurrent lifestyle you want to get rid of.

That will be your vision statement. Write itdown, in details. Draw the picture in your mind.

Include the people you want to be around you inthe near future, the things youd like to have time for, what youhate about your daily life now (like having to wake up early and goto an office to do a job you dont like).

Turn the text you just wrote into goals.

Keep that list somewhere close, youll have toreread it every time you need some motivation.

How you manage your time is closely related tohow you manage your money and life.

Its a super valuable resource, and if you dontknow how youre spending it, chances are youre doing manytime-wasting things.

So, write down how your days go for a week.Then, analyze the results.

See how many hours each activity/task/projecttakes you daily.

Is it necessary? Can it be done in less time?How can you optimize it for better results?

Its alright to eliminate some things that youthought were important, but which arent actually taking youanywhere. That will give you more time for what matters.

To live like a millionaire, be ruthless withyour time. Spend it only on things you care about and which aredirectly connected to your goals, and dont let random people ordaily chores take it away from you.

This means saying no quite often, and evenoffending someone every now and then. Thats a necessary step onthe way to success, though. So dont overthink it.

Living the millionaire lifestyle means notworking for anyone else, not making anyone else rich, not havingany other boss than yourself.

That takes a lot of time, and its one of thebiggest parts of the whole transformation. So put enough thought,hard work and focus in it.

Heres the easiest way to quit your job andbecome your own boss:

1. Do your research.

See what the Internet offers, how others arecreating online businesses, what niches are profitable, etc.

2. Choose your niche.

It must be something youre passionate about (sothat you dont get bored in a few years), something youre good at(either have a skill, experience in the field, or be willing tomaster it and share your knowledge), and something people arewilling to pay for (heres the time to check out the competition tomake sure products or services are being sold in the industryalready, and that theres a chance for you to get a piece of thepie).

3. Start building your brand.

Youll be on your own, so your name shouldbecome known in your chosen niche. Thats a long process, and smallconsistent actions are necessary. Learn more about branding. Heresthe time to build a website, learn a thing or two about WordPress,start a blog and join all big social media platforms.

4. Give value.

Before you make any money online, youll need todo things for free first, thats how it works in the digital world.But that pays off in the long run as it will become part of yourbrand, and even your portfolio. So start writing and publishinggreat content on the blog, share insightful posts and comments onsocial media, do work for free for a few clients (if you alreadyhave a skill and are good at what you do).

5. Networking.

Connections will be built 24/7. From answeringcomments on social media and reaching out to influencers andthanking them for the inspiration they are, to asking potentialcustomers what their biggest struggles in life are with the solepurpose of creating a product that will help them in thefuture.

6. Make your first dollar.

If youll be a freelancer and do your workremotely, join sites like UpWork, Guru, Freelancer andPeoplePerHour and start pitching employers to get your first gig.If youll be growing your website traffic and then putting ads onthe blog, put systems in place, start testing things and createcontent like crazy. If youll be building your own product andoffering it on a third-party platform (like a self-published bookon Amazon, a course on how to do something for beginners on Udemy,or else), make it quality.

Once you earn your first few dollars online,everything chances. Youre now getting closer to developing themillionaire mindset.