Skip to main content

Wealth File #2 Rich people play the money game to win poor people play the money game to not lose.

Poor people play the money game on defense rather than offense.

Their primary concern is survival and security instead of creating wealth and abundance. So, what is your goal? What is your objective? What is your true intention?

The goal of truly rich people is to have massive wealth and abundance.
So what is the big goal of poor people? To "have enough to pay the bills.. and on time would be a miracle! Again, let me remind you of the power of intention. When your intention is to have enough to pay the bills, that's exactly how much you'll get just enough to pay the bills and not a dime more.

Middle class people atleast go a step further.. Too bad it's a tiny step. Their goal in life also happens to be their favorite word in the whole wide world. They just want to be "comfortable". I hate to break the news to you, but there's a huge difference between being comfortable and being rich. I have to admit, I didn't always know that.

Wealth principle: If your goal is to be comfortable, chances are you'll never get rich. But if your goal is to be rich, chances are you'll end up mighty comfortable.

If you shoot for the stars, you'll atleast hit the moon. "Poor people don't even shoot for the ceiling in their house, and then they wonder why they're not successul.

You get what you truly intend to get. If you want to get rich, your goal has to be rich not to have enough to pay the bills and not just to have enough to be comfortable. Rich means rich!

Declaration: "My goal is to become a millionaire and more!" Touch your head and say.. I have a millionaire mind!

Millionaire mind actions
1. Write down two financial objectives that demonstrate your intention to create abundance, not mediocrity or poverty. Write "play to win" goals for you:
a. Annual Income
b. Net worth
Make these goals achievable with a realistic time frame, yet at the same time remember to "shoot for the stars."

2.Go to an upscale restaurant and order a meal at "market price" without asking how much it costs. (If funds are tight, sharing is acceptable) P.S No chicken!

Comments

Popular posts from this blog

 All great leaders in every walk of life are highly sexed, but they follow the habit of controlling their sex desires, switching them into a driving force behind their occupation. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into contructive activities. Q: Just what damage is there in over-indulgence of sex? A: The greatest damage is that it depletes the source of man's greatest driving force, and wastes, without adequate compensation, man's creative energy. Controlled sex supplies the magnetic force that attracts people to one another. It is the most important factor of a pleasing personality. It gives quality to the tone of voice and enables one to convey through the voice any feeling desired. It serves, as nothing else can serve, to give motive power to one's desires. It keeps the nervous system changed with the energy needed to carry on the work of maintaining the body. It sharpens the imagination...

SURVIVE THE LEARNING CURVE

 Those who can give trading more time when they start have a better chance to succeed. you must be patient. But your time will come. At the start of your trading, you should trade with small size and with one stock. You should not increase your tier size until you are positive 7/10 trading days. You should set a small max loss when you begin. You should be limited in your buying power. For example, when a new trader begins, he should not write more than 10k shares in a day, total. you are not going to be a great trader on Day One Gladwell explains, “Working hard is what really successful people do.” t deep practice, often with continuous feedback, is necessary to become great. Concentrated practice is key Daniel Coyle in The Talent Code: Greatness Isn’t Born. It’s Grown. If you want to be good at something, practice. Practice deliberately, and do so for many years. FOCUS ON IMPROVING EVERY DAY “I know of no more encouraging fact than the unquestioned ability of man to elevate his l...

CAN A FIRM ALWAYS SPOT THE NEXT GREAT TRADER?

 No. But a prop firm can tell who has a poor chance to become a CPT. To be good at anything will take everything you have. Not having developed the skills to work hard is a turn-off. Trading is a skill learned by doing, not just by reading a lot, theorizing, or the faux art of “paper trading.” THE PROS AND CONS OF RECRUITING EXPERIENCED TRADERS Loyalty is a good thing to a point, but it cannot trump logistics and reality. losing money should really bother you. If I am negative three days in a row, I spend a long evening on my couch with a bottle of red wine and comfort food. As traders, we can all recite the memorable line from Wall Street: “A man looks in the abyss, there is nothing staring back at him. At that moment he discovers his character. That keeps the man out of the abyss.”  Traders don’t talk about how they want to trade, what they want to read about trading, or how they wish they could talk about trading. Traders trade, read about trading, and talk about trading.