Archive for the 'Mindset of a Millionaire' Category

Are Rich People Greedy?

Most people are brought up by their parents believing that rich people are greedy, or in other words – If you earn more money than you need you are taking more than your share of the pie and in turn stopping poorer people from earning a decent living.

So Fact or Myth – Rich people are Greedy?

Rich Dad Poor Dad writer Robert Kiyosaki Often talks about the differing views of his parents. His ‘poor dad’ would complain about how greedy the rich were whilst his ‘rich dad’ always insisted that ‘poor people were more greedy than the rich’.

How can poor people possibly be more greedy than the Rich?

This is a hard concept to get your head around but once you think about it you will see that it is actually quite a logical statement

Think about advantages a Rich person has over a poor person

  1. Money never gets in the way of what they want to achieve or give
  2. They are no longer ‘forced to work’ instead they are able to spend their time working on exactly what they want

Therefore Rich people have both TIME & MONEY to help other people and make a positive impact on the world.

Poor people on the other hand have neither time of money. Instead most of them are so preoccupied with material survival that they don’t even have enough time to look after themselves let alone help others.

Above is a Great Excerpt from Jamie McIntyre’s ‘What I didn’t learn at School but wish I had’ DVD. Jamie explains how an old mentor of his convinced him that the rich weren’t greedy after all.

The opposite argument that I regularly hear goes something like this –

Most rich people hardly give anything to charity or if they do they are only doing it to gain popularity.

I can’t tell you how mad these comments make me feel. Firstly most of the people that I hear this from don’t give anything to charity instead saying “If I ever become Rich I will donate lots of money then’. My argument would be that if you aren’t helping other people out now then you probably never will, no matter how much money you have. And secondly giving to charity shouldn’t be about how much you give it should simply be about helping people. I have know several people who earn well below minimum wage yet still manage to find the generosity to donate their money and time.

I recently received an invitation to a family friend’s 11th birthday party who specifically asked for people not to bring presents. Instead she said that if people wanted to buy her a present that they could make a small donation to her favorite charity. That is what I call generosity.

I agree that some famous people do give to charities to increase their popularity but I can think of worse things that they could be doing.

Jamie McIntyre and Robert Kiyosaki (Rich Dad Poor Dad) both talk about how people should try to raise their goals. Rather than aiming to just pay your bills why not aiming to earn enough income so that you have the TIME & MONEY to help as many other people as you can. The best lesson that you can learn from Rich Dad Poor Dad is that you need to let you money work for you, not work for money. This will allow you to spend your time doing exactly what you want. Once you have time and money you can really decide how generous you would like to be, who knows maybe you could even start your own charity one day?

So Fact or Myth – Rich people are Greedy?

Well I believe that the basic answer is no and the complicated answer is that anybody can be greedy – The Rich, The Poor, The Strong and the Weak. In the end it’s up to you to decide.

See coz Mr when you’re rattling on heavens gate
By then it’s too late
Coz Mr when you get there they don’t ask they don’t ask
What you saved
All you wanna know, Mr is what you gave

So excuse me Mr, but I’m a Mr too,
And you’re giving Mr a bad name Mr like you
So I’m taking the Mr from out infront of you’re name
Coz it’s the Mr, Mr like you that puts the rest of us to shame

BEN HARPER – Excuse Me Mister

Examples of The Law of Opposites

The best example that I can give you of Jamie McIntyre’s ‘Law of opposites’ in effect is how most people approach becoming rich or wealthy. Rather than trying to get a financial education and develop the mindset of a millionaire most people simply want to get rich quick. The biggest ‘action’ that most people take towards becoming financially successful is to buy a whole heap of tattslotto tickets. If these people would take the time to educate themselves in the world of finance they would be astounded at what they could achieve.

For the time being let’s forget about the fancy investment strategies that Jamie McIntyre teaches and concentrate on one very simple and old concept. If everyday people could learn and master ‘compound interest’ their lives would start to change forever. I am forever hearing from people who are worried about not being able to afford to pay for their child’s education but did you know that if you were to invest $3.33 per day into a fund that was earning 15% that by the time your child turns 19 it would be worth $110,424. Then if you stopped contributing and let the money to continue to grow on its own it would be worth

- $9.6 million by the age of 50

- $39.2 million by the age of 60

- $158.2 million by the age of 70

Does looking at these figures start to make you realize some of the possibilities that the mindset of a millionaire can give you? If this is what you can achieve with the simplest and oldest strategy in the book, imagine what could be possible if you started learning some of Jamie McIntyre’s new and improved investment strategies (which make compound interest look like child’s play). When you start to create the mindset of a millionaire you will never cease to be amazed by the things you can create.

The ironical thing about tattslotto is that within 3-7 years of winning, most people are in a worse position financially than they were to begin with. Why? Because they haven’t developed the mindset of a millionaire, they have simply been gifted a whole lot of money and they don’t have the correct skills to make their money work for them.

Imagine if someone was to offer you the choice of these two things

They will give you a million dollars in cash

or

They will teach you how to create the mindset of a millionaire

So what would you choose? I know what most people would choose and to be honest a few years ago I would have taken the money too but after developing my own mindset and learning to implement Jamie McIntyre’s Law of Opposites I know that it would be the wrong choice. In order to succeed we need to branch out, take some risks and develop the mindset of a millionaire. Funnily enough, sometimes the best way to do this is to see which way most people are going and head the other way.

To be honest I think the fact that you are reading this article shows that you already using the law of opposites to some degree as most people would prefer to be watching TV than dedicating time to increasing their financial intelligence. The most important step that you must take now is to actually act upon the knowledge that you are gaining. So rather than going back to the couch and watching TV – the time has com to Take action now.

If Becoming Rich is so Easy – Why Isn’t Everybody Rich?

The Law Of Opposites

Jamie McIntyre often speaks about his theory called ‘the law of opposites’ and despite its simplicity and almost comical nature ‘the law of opposites’ is an incredibly powerful tool that can help you create a successful life by developing the mindset of a millionaire.

What exactly is Jamie McIntyre’s Law of Opposites?

Quite simply Jamie McIntyre suggests that one of the best ways to become financially successful is to

“Find out what most people are doing and then do the exact opposite”.

Basically Jamie McIntyre is saying that when you are faced with a decision or situation, you need think about what the average person would choose to do and then do the exact opposite. As funny as this may sound you might be surprised at how efficiently this process can transform your life.

When Jamie McIntyre first told me about his ‘law of opposites’ theory I thought he was being silly. How can the law of opposites help you develop the mindset of a millionaire, surely it’s more likely to develop the mindset of a ‘lunatic’ who has a severe blockage in their decision making process? Well after Jamie McIntyre assured me that he in fact wasn’t a ‘lunatic’ he proceeded to explain why the law of opposites is in fact a crucial part of developing the mindset of a millionaire.

When you look at the results that most people are producing what is your initial reaction? Personally I feel that the general public are far too comfortable with accepting mediocrity. If you disagree and would be happy to produce similar results to ‘most’ people then I can tell you that your task is very easy. Simply make the same or similar decisions that they are making and you will be just like them in no time at all. What Jamie McIntyre is trying to say with his law of opposites is that to be successful you need to do things differently than the general public. You need to start developing the mindset of a millionaire and stop making the same decisions as everyone else.



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