Keelan Cunningham, entrepreneur and founder of http://www.millionairemindsetsecrets.com, shares his expertise in wealth creation strategies. The insider 7 Secrets of Wealth Creation secrets guide has been released this week to all website subscribers.
The 7 Secrets of Financial Success: How to Apply Time-Tested Principles to. To accumulating wealth; practical guidelines to building a successful, diversified.
your mindset is the single most important factor that will determine whether you will be wealthy or not. True wealth and abundance
Los Angeles (PRWEB)September 21, 2009
Millionaire Mindset Secrets (http://www.millionairemindsetsecrets.com), a purpose-built website for people who want practical tips on how to become a millionaire, this week releases its 7 Secrets of Wealth Creation guide. Crucial questions we all have wondered about are answered, such as why are some people wealthy and others aren't? How can you change your life so that you can have the financial freedom and lifestyle you desire?
Millionaire Mindset Secrets, which was officially launched this week, is the result of years of trial and error learning in wealth creation by its founder Keelan Cunningham. The experienced entrepreneur has now revealed 'secrets' of proven wealth creation strategies that can bring the financial freedom to those who really want it.
MillionaireMindsetSecrets.com is giving away for free the 7 Secrets of Wealth Creation guide (available at http://www.millionairemindsetsecrets.com) so that people have immediate access to useful, easy-to-follow information which they can start putting into practice straight away.
According to Cunningham, 'your mindset is the single most important factor that will determine whether you will be wealthy or not. True wealth and abundance', he says, 'comes from having an affluent psychology. Any disempowering beliefs about one's personality or money must go and you must learn how to cultivate the right mindset'.
According to Cunningham, 'your mindset is the single most important factor that will determine whether you will be wealthy or not. True wealth and abundance', he says, 'comes from having an affluent psychology. Any disempowering beliefs about one's personality or money must go and you must learn how to cultivate the right mindset'.
'Research has shown that when it comes to spending', he continues, 'in today's society an average person is spending 105% of their earnings i.e. they are in debt'. Mr. Cunningham says that 'debt is only good if it's used for building assets.' He suggests creating a spending plan for your life to make sure you only spend what you have and then save and/or invest what remains. He recommends that you save at least 10% of your earnings and when investing, only take investment advice from someone who is as wealthy as you want to be.
Cunningham's goal is for people to learn the language and mechanics of money as well as cultivate the mindset and acquire the knowledge that is needed in order to become financially free. For most people the making of money and becoming wealthy can be a bit like learning a foreign language. There are lots of terms like: Assets, Liabilities, Liquidity, Net Worth, Gearing, Leverage, etc and it is a must to know what they mean in order to become a good investor. The mechanics (tools, strategies, investment vehicles, etc.), also need to be learnt so you put them into practice knowledgeably.
More of Cunningham's proven wealth tips can be found within the free 7 Secrets of Wealth Creation guide and detailed wealth creation strategies can be found within his website: http://www.millionairemindsetsecrets.com
About http://www.millionairemindsetsecrets.com:
This website will give you access to simple strategies that you can implement easily to start making money and put you on the road to real wealth creation. You'll discover how to use wealth creation strategies in real estate, the stock market, business, the Internet etc. Subscription to Millionaire Mindset Secrets is free.
This website will give you access to simple strategies that you can implement easily to start making money and put you on the road to real wealth creation. You'll discover how to use wealth creation strategies in real estate, the stock market, business, the Internet etc. Subscription to Millionaire Mindset Secrets is free.
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Web: http://www.millionairemindsetsecrets.com
Web: http://www.millionairemindsetsecrets.com
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First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire.
While you may think a million dollars will give you financial security, it will not. Given the volatility in economies, governments and financial markets around the world, it's no longer safe to assume a million dollars will provide you and your family with true security. In fact, a Fidelity Investments' study of millionaires last year found that 42 percent of them don't feel wealthy and they would need $7.5 million of investable assets to start feeling rich.
This isn't a how-to on the accumulation of wealth from a lifetime of saving and pinching pennies. This is about generating multimillion-dollar wealth and enjoying it during the creation process. To get started, consider these seven secrets of multimillionaires.
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No. 1: Decide to Be a Multimillionaire -- You first have to decide you want to be a self-made millionaire. I went from nothing—no money, just ideas and a lot of hard work—to create a net worth that probably cannot be destroyed in my lifetime. The first step was making a decision and setting a target. Every day for years, I wrote down this statement: 'I am worth over $100,000,000!'
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No. 2: Get Rid of Poverty Thinking -- There's no shortage of money on planet Earth, only a shortage of people who think correctly about it. To become a millionaire from scratch, you must end the poverty thinking. I know because I had to. I was raised by a single mother who did everything possible to put three boys through school and make ends meets. Many of the lessons she taught me encouraged a sense of scarcity and fear: 'Eat all your food; there are people starving,' 'Don't waste anything,' 'Money doesn't grow on trees.' Real wealth and abundance aren't created from such thinking.
No. 3: Treat it Like a Duty -- Self-made multimillionaires are motivated not just by money, but by a need for the marketplace to validate their contributions. While I have always wanted wealth, I was driven more by my need to contribute consistent with my potential. Multimillionaires don't lower their targets when things get tough. Rather, they raise expectations for themselves because they see the difference they can make with their families, company, community and charities.
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No. 4: Surround Yourself with Multimillionaires -- I have been studying wealthy people since I was 10 years old. I read their stories and see what they went through. These are my mentors and teachers who inspire me. You can't learn how to make money from someone who doesn't have much. Who says, 'Money won't make you happy'? People without money. Who says, 'All rich people are greedy'? People who aren't rich. Wealthy people don't talk like that. You need to know what people are doing to create wealth and follow their example: What do they read? How do they invest? What drives them? How do they stay motivated and excited?
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No. 5: Work Like a Millionaire -- Rich people treat time differently. They buy it, while poor people sell it. The wealthy know time is more valuable than money itself, so they hire people for things they're not good at or aren't a productive use of their time, such as household chores. But don't kid yourself that those who hit it big don't work hard. Financially successful people are consumed by their hunt for success and work to the point that they feel they are winning and not just working.
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No. 6: Shift Focus from Spending to Investing -- The rich don't spend money; they invest. They know the U.S. tax laws favor investing over spending. You buy a house and can't write it off. The rich, in contrast, buy an apartment building that produces cash flow, appreciates and offers write-offs year after year. You buy cars for comfort and style. The rich buy cars for their company that are deductible because they are used to produce revenue.
No. 7: Create Multiple Flows of Income -- The really rich never depend on one flow of income but instead create a number of revenue streams. My first business had been generating a seven-figure income for years when I started investing cash in multifamily real estate. Once my real estate and my consulting business were churning, I went into a third business developing software to help retailers improve the customer experience.
Lastly, you may be surprised to learn that wealthy people wish you were wealthy, too. It's a mystery to them why others don't get rich. They know they aren't special and that wealth is available to anyone who wants to focus and persist. Rich people want others to be rich for two reasons: first, so you can buy their products and services, and second, because they want to hang out with other rich people. Get rich -- it's American.
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