Develop a millionaire mindset
The first thing to do in order to grow your financial life is to develop a millionaire mindset. As easy as this sounds, it is difficult for many to do. Instead of this mindset, many people have I need a job mindset, a promotion mindset or I need to get a raise mindset. Do your best to understand how millionaires behave and start behaving like that.
I am going to give you a couple of questions that will help you develop a millionaire mindset.
1. Why do you want to be a millionaire?
If your reason is not to serve the purposes of God, then, it’s not worth it. Also materialism is not a good reason to be entrusted with wealth by the spirit of Mammon.
2. What is the purpose of your life?
Will you use your life to further the purpose of God or the purpose of Mammon
3. When do you want to stop working (retire) to pursue this purpose?
I am a software engineer but I am also a pastor. This is my calling and passion so I want to stop working someday and pastor fully. Your path may be different but ask yourself when you want to be a millionaire.
It is very important to start now. Start tithing now. Remember, wealth is not acquired. Wealth is entrusted to you by a spirit.
What are the Mindsets to Develop?
Mindset 1:
Start tithing now. Show God you can be trusted with true riches. Prove to a gif that you ca always give back to him or send it to wherever he sends you.
Mindset 2:
Write your money goals daily. How much extra money do you want to have by end of month or year?
Mindset 3:
Be accountable to someone about your goals especially your spouse.
Mindset 4:
Know where you are now. What is your current net worth? Go to mint.com and put in the details of all your accounts and it will tell you how much you are currently worth. When you know where you are, you can plot how to get there.
Mindset 5:
Do the millionaire math so that you can plot your way there. Calculate how much it will take for you to become a millionaire. This will help you get a good idea of how much it will take for you to get to your million.
Mindset 6:
Start educating yourself on money.
You can follow Dave Ramsey so that you can learn a lot about finances as a Christian. You can also follow him on YouTube.
To Conclude:
School will not teach you to be a millionaire. It only teaches you to become an employee. Therefore, educate yourself in order to develop the millionaire mindset all the time.
Read the first lesson in this series here:
Money Series 1: Why do you want to be a millionaire?
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