Wealth building strategies: Mindset
We are wealthier today than we were 300 years ago — because wealth is infinite. If it wasn’t, we’d still be living in caves planning the next day’s hunt.
However, those who have the right mindset are the ones who will become wealthy and here’s why:
Throughout history, entrepreneurs have developed innovations that have made our lives healthier, longer, and more prosperous.
Artificial intelligence, robotics, blockchain technology, and space exploration are some of the innovations that will shape our future. At the same time, many industries are being disrupted.
For example, 5 million jobs are people who drive trucks, delivery cars/vans in the US. What are the chances companies will pay a person versus paying for a self-driving car/truck? Within 10 years (maybe sooner), 5 million jobs will likely be displaced.
So, what does disruption have to do with the right mindset for investing?
Everything, actually.
Having the right mindset means you are the creator of your life not the manager of your circumstances. When you’re in the right mindset, you make better decisions with your investments, who you spend time with, and how you plan to optimize your life.
Tony Robbins says success is 80% mindset and 20% mechanics. That’s how powerful the right attitude can have for your success.
What are some ways to develop the mindset of a successful real estate investor?
Commit to just-in-time learning. Avoid analysis paralysis by taking action, knowing rest assured, you can figure out everything along the way.
Execution trumps knowledge every day of the week. Last week I challenged you to develop the habit of 30 minutes a day spent analyzing deals. Consider what your life would look like if you spent more time executing and less time consuming content?
Ask this question — what does living an extraordinary life look like? Very few take the time to intentionally think about it. There’s no room for thinking about the ideal life when there’s work tomorrow and a mortgage bill coming up in a few weeks.
Ask yourself this question, come up with a compelling reason why it’s a must for you, and take action on 2-3 ways to move forward.
Shake off whatever insecurities and self-doubt gremlins are holding you back, and start building those passive income streams.
Ready to join the ROI Inner Circle community?
A community where you’ll be influenced by “peer pressure” in a good way—if everyone else is accomplishing big goals, then you want to get in on the action, too! We have over 300 members—investors at all levels, from people making six-figures per year in cash flow, to people just starting out and hoping to earn an extra $10,000 per year in passive income.
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