Kevin Hogan
Network 3000 Publishing
16526 W. 78th St. #138
Eden Prairie, MN 55346
(612) 616-0732
The New Millionaire Mind
(Part 3 of 4)
by Kevin Hogan
If you understand the simple Mindset of the millionaire, you can
pretty much replicate the millionaire's check book.
We're
moving into the most complex phase of American history
in over two hundred years. A time where under 10% will
easily weather the storm. The other 90+% will simply not.
What you do today will determine where you'll be in
2, 3, 5, 7 years.
The good news is that no matter what happens in the world
around you, you can pretty much have an Island of
Tranquility because you took the minutes to find out
what the wealthy individual is doing to safeguard the
future for their family and themselves.
Once you adopt the Mindset, the rest is just making
it happen. Plugging in the Mindset isn't as easy as plugging
in a plug-in on Wordpress. It requires a little thinking
and making a few mental shifts here and there. All
told, almost any human who can breathe...can do it.
"Money doesn't matter," is not a sign of ignorance. It is the placard of "disaster coming soon."
Money itself, obviously, is simply a means of exchange that people use instead of barter - for food, heat, gas, air conditioning, clean water, electricity, insurance, etc. The more money you have, up to a point where you wouldn't require more to live if you lost all of your income sources - the healthier, happier, and safer you will be. Your kids will be smarter and you will likely live significantly longer.
"Money" as in the paper, is not an end. It is a means. It allows you to have those things you need if you lose your job tomorrow and become injured or a working spouse dies, etc.
61% of American families live paycheck to paycheck. And that is a poor choice for most families. Life is much less difficult and families more secure when a single "paycheck" or two or five or 20 - is not important.
In order to build a solid foundation for the rest of your life, you want to do one simple thing:
Keep enough money secured so if all goes to hell you can live safely for the rest of your life on what you have "saved."
That's it.
The Guiding Principle of the Millionaire Mind
The guiding principle is NOT to make billions of dollars. There's no point in that. It's simply to have enough resources to live on when your income streams are eliminated.
If you are not in control of your income streams, I can promise you that they eventually WILL be eliminated.
Things like Social Security, pensions, medicare, a job, are all streams that you do not control and the probability that they will be there for the rest of your life is very, very, very low.
Now, none of this matters if you don't care about healthy food, clean water, a safe home in a safe neighborhood, safe vehicles to drive and a secure future set for those you love.
Now we haven't even begun, but you have just adapted the simple guiding principle in the mind of the millionaire.
There are a bunch of ways that people became and often but not always remained millionaires in the past that won't work for the foreseeable future. Unfortunately, conventional "wisdom" hasn't yet found this out.
Understanding how wealthy people build wealth and how they decide to KEEP wealth IS The New Millionaire Mind.
Wealth is not greed. Greed means you want what is someone else's. (That's how taxes work.)
Wealth is simply having *enough.*
What is "enough?"
Take your current age, subtract it from the age you will die. Multiply those remaining years by the current dollar figure you spend on expenses each year. That's your number. You can re-evaluate and adjust this number each year but for now, it's as simple as that.
Example:
[35 (your age now) subtracted from 75 (est. age at death) = 40 X 50,000 (very conservative yearly expenses) = 2,000,000]
That's two million.
What's your number?
You will acquire that number and then keep it.
There is never a shortage of people (who have zero wealth) to tell you their latest scheme on how they will get rich quick. I hear some pretty creative stuff in the course of just about every week.
I will avoid the fancy and funny and stick to what almost certainly won't be significantly productive for keeping your number going forward, and then what we'll take a brief peak at what will get you to the number and allow you to keep it.
(You wouldn't believe how many people "get a lot of money" and then blow it because of poor economic awareness.)
OK, let's look at those avenues that are less useful for building significant wealth and then those predictable avenues that do get you to wealth fairly quickly and permanently.
What's the one thing you were told was "certain" to make you money?...
Kevin Hogan
Network 3000 Publishing
16526 W. 78th St. #138
Eden Prairie, MN 55346
(612) 616-0732
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If you understand the simple Mindset of the millionaire, you can
pretty much replicate the millionaire's check book.
Take your current age, subtract it from the age you will die. Multiply those remaining years by the current dollar figure you spend on expenses each year. That's your number. You can re-evaluate and adjust this number each year but for now, it's as simple as that.
