Tuesday, June 16, 2009

How to Build Wealth: The Millionaire Mindset

My path to creating wealth started a long time ago, when I was a small child. You are probably familiar with the phrase, "We can't afford it!" In my early years, I definitely was! I was brought up in your average middle class American family. My parents didn't have a lot of money. We drove a big brown station wagon to school and dining out was only on special occasions. Like any child, there were always things that I wanted that cost money. In our family, when I wanted something, the usual answer was, "We can't afford it." Well, being a strong willed first born child, that answer didn't work for me.
I have been in business all of my life. I started my first business at the age of 12, sharpening chain saw chains for equipment rental stores, but I didn't always know how to create wealth. It took me 16 years to finally become a millionaire at the age of 28. It was a long, hard, grueling process and it didn't happen by chance. Although I didn't know immediately the correct recipe to quickly create wealth, something I did have was the right mindset. Both your short term and long term goals need to be the creation of wealth. It is only when you attune yourself to this mindset that you will start to be successful in your goal.

After becoming a millionaire, I began to look at what was next. I thought billionaire by the age of 40 sounded like a good goal; something that would make me stretch a little. So I started to study billionaires and how they think because it is how a person thinks that determines their results and if I began to think like a billionaire then there is nothing that could stop that from coming into reality. From this education, I have boiled down all the financial information and wisdom that I have ever received into two foundational building blocks:

1. Get access to Capital
2. Invest it Wisely

If you master these two building blocks, then there is NO LIMIT to how much wealth you can create. But you will need to master both to become a successful wealth builder.

How you think and feel about money has everything to do with whether money flows into your life and stays there. 95% of people who win the lottery lose the money within two years. They don't have the right mindset to keep the money. Whereas, individuals who have the right mindset, even if they loose all of their money, have the skill set to create it again and many times at even greater levels than before.

About the Author

Chris is a highly sought-after self-made millionaire with a knack for creating passive income investments. Starting his first business at 12, he knows what it takes to build a successful business.

Chris Wise
720.524.3907
connectwithchriswise@gmail.com

CreditlineMillionaire.com

YouTube.com/ChrisRWise

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