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How To Think Like A Millionaire

How To Think Like A Millionaire

Think a million dollars is out of your reach? Think again. Change the way you think about money and you'll profit. Follow VideoJug's steps and you'll be on your way to your first million in no time.

Step 1: Fight The Fear

The dollar is weak. The housing market is in the tank. But to the millionaire mind, those are classic opportunities. As scary as it may seem, you have to make the commitment to write a check to the mutual fund company, start up your 401K, or commit to buying a house or another piece of real estate. Fear is the number one factor that keeps people from making money. Yet most millionaires invest 20% of their income annually. Overcome your fear and start making your money work for you.

Step 2: Be Headstrong

Millionaires are always researching and studying trends. There's lots of investment opportunities out there so keep your eyes and ears open, looking for the next long-term growth opportunity. The millionaire mind is looking for long-term returns, investments that will make money over time. Stocks, bonds, real estate and private investments can generate huge opportunities. Millionaires know where to put their money.

Step 3: Manage Your Lifestyle

You may want that house in the hills or that million dollar island, but most millionaires live below their means. That leaves plenty of money to invest. There's a lot of temptation to spend money when you have money. Chances are that guy living in the million dollar home, driving the million dollar car is deeper in debt than you. Maintain the millionaire mindset: save your money, seek new opportunities, and invest wisely. Consistency is key.