In 2000, Dr. Stanley interviewed 733 millionaires living in the United States and asked them a set of specific questions to identify how they are so successful and what makes them so different from everyone else. From these questions he learned that one key difference between millionaires or people with the millionaire mindset and those without it is what he calls, those who are Balance Sheet Affluent vs those who are Income Sheet Affluent.
People with the millionaire mindset are Balance Sheet Affluent meaning, they focus on accumulating wealth, having little to no credit debt and possessing more assets then liabilities. Simple right. Income Sheet Affluent people however, have high credit debt, large expenses, and little net worth. Meaning, they have a lot of liabilities or costs which keep them …show more content…
The truth is your beliefs, your thoughts, and your actions are critical in determining the level of your success.
Eker, T. Harv. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth (pp.18). PerfectBound. February 2005.
Both Dr. Stanely and Mr. Eker feel it is important for all of us to think of the journey we are embarking on in this same manner. Meaning, we fully committing our minds, our thoughts, our actions to becoming millionaires and eventually we will succeed. Now I know you may be saying, but I really want to be wealthy and daily think about having more money and being successful. That thinking this way isn’t helping you become wealthy or a millionaire so why then would these ideas help you to actually be successful?
As a good friend of mine who achieved success once told me, ‘You can go all day thinking and wanting to be rich, wealthy, even a millionaire but hey, if you don’t do anything to work towards achieving these goals then what good does just wanting something do you? I’ll put it another way,’ he said, ‘If you were already successful and a millionaire then you would
People with the millionaire mindset are Balance Sheet Affluent meaning, they focus on accumulating wealth, having little to no credit debt and possessing more assets then liabilities. Simple right. Income Sheet Affluent people however, have high credit debt, large expenses, and little net worth. Meaning, they have a lot of liabilities or costs which keep them …show more content…
The truth is your beliefs, your thoughts, and your actions are critical in determining the level of your success.
Eker, T. Harv. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth (pp.18). PerfectBound. February 2005.
Both Dr. Stanely and Mr. Eker feel it is important for all of us to think of the journey we are embarking on in this same manner. Meaning, we fully committing our minds, our thoughts, our actions to becoming millionaires and eventually we will succeed. Now I know you may be saying, but I really want to be wealthy and daily think about having more money and being successful. That thinking this way isn’t helping you become wealthy or a millionaire so why then would these ideas help you to actually be successful?
As a good friend of mine who achieved success once told me, ‘You can go all day thinking and wanting to be rich, wealthy, even a millionaire but hey, if you don’t do anything to work towards achieving these goals then what good does just wanting something do you? I’ll put it another way,’ he said, ‘If you were already successful and a millionaire then you would