I'm a self-millionaire— here are 7 things I think everyone should understand about money
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April is the official National Financial Literacy Month. Of course, it’s always important to stress financial literacy no matter what time of year it is and regardless of your current financial situation. Financial literacy is so important because money is one of life’s necessities, yet so many people continue to unnecessarily struggle with it.
There’s quite a bit of advice out there on the best ways to be more financially literate: Don’t spend too much. Don’t run up credit card debt. Save more. Understand how interest rates work. Live below your means. The list goes on and on. Much of this advice is actually pretty good, but it’s not going to make you rich.
This financial literacy month, expand your consciousness and level of understanding about money through the eyes of self-made millionaires.
Study the differences in thinking between the middle class and the wealthy
Study how self-made rich people think about money and follow their lead. Study how the middle class thinks about money so you can avoid falling into the same trap. Be careful: There are a lot of well-intentioned people in the middle class who think they know about money, and while they have your best interest at heart, they’re clueless when it comes to creating wealth.
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Be obsessed with success instead of money
Most people think the rich are obsessed with money. While that might be true sometimes, most of the self-made wealthy are obsessed with success. Money is nothing more than a gauge the wealthy use to see if they’ve achieved their latest target. Business and life are simply a game and the truth is self-made millionaires are really addicted to winning.
See money as an infinite resource
The average person believes there’s a limited amount of money, and they need to struggle and fight for their share before someone else gets it. They live in a world of fear and scarcity that says money is hard to make and even harder to keep. The wealthy see money as an infinite resource. If they need more, they simply use their mind to create more. The world of the self-made rich is one of unlimited abundance.
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