How To Get in The Right Mindset To Become Rich

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HOW TO GET IN THE RIGHT MINDSET TO BECOME RICH
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About Switchbold
At Switchbold, our vision is to help at least 1 Million Entrepreneurs and Business

Owners in stabilising and scaling their business to the level they don’t even imagine
with the help of best quality educational content created from 15+ years of our
combined experience in Marketing and Business Growth.
About the Authors:
Deepak Singla
Cofounder of Switchbold, Founder-TheDigiScholars & ROASMachines
● Managed more than $1M ad budget in Paid Advertising.

● Generated more than $10M in revenue for his clients.
● Working with one of the biggest Ad Agencies in the United States.
● Managing $150k in monthly ad budget at the moment
● 7 years of experience in the Digital Marketing Industry
● Developed Business for Byjus - The Learning App
Contact :[email protected]
Instagram:@deepaksingla.co
Linkedin :@singladeepak69
Aviral Srivastava
Cofounder of Switchbold, Founder & CEO - ADYCAVE
● Trained Thousands of People in the field of Digital Marketing.

● Successfully Mainitaing 10 Lakh+ of ad budget per Month in Facebook ads.
● Man Behind Multiple Multi-Million Product Based Digital Businesses.
● Featured On - Hindustan Times and 7 Others News Websites.
● Awarded as One of the Youngest Entrepreneurs of India.
Instagram:@Aviral._Srivastava._
Linkedin :@Aviral Srivastava
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Minal Garg
Co-Founder of SwitchBold, Campaign Optimisation Specialist at Online
Brandmakeover India
● Managed More than $80K ad budget in Paid advertising.

● Generated more than $1M in revenue for the clients.
● 4 Years of experience in the Digital Marketing Industry.
● Working with one of the biggest Ad Agencies in the USA.
● Have helped various people Start their Own Businesses!
Instagram :@minal.garg
LinkedIn :@minal-garg-292880173
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Table of Contents
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Chapter 1: Introduction
If you follow any influencers (or pay attention to social media at all), you’ve probably
heard someone mention the millionaire mindset. It’s a staple of hustle culture.
People casually mention having a millionaire mindset, or tell you that you need
one, but what exactly does that mean? Is it something people learn on their own?
A millionaire mindset is not actually about making a million dollars. It’s not even
about your net worth, living in a penthouse in New York, real estate, financial
freedom, or your bank account.
To those who swear by it, a millionaire mindset is about focusing on changing your
life — starting with your mindset — to accomplish the goals you've always dreamed
of achieving.
It's no small task, either. You must follow purposeful habits and ways of thinking
daily.
The idea is that millionaires live in a place of abundance that lets them experience
greater success and confidence. If you want to achieve your goal, you start by
behaving as if you already have. In that space, your success fuels more success.
What Actually is a Mindset?
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A mindset is a lens through which you view the world. Like a pair of sunglasses, it
can slightly alter what you see and how you think about it.
Mindsets are beliefs, perceptions, and attitudes that inform your thoughts and
decisions. Different mindsets are an important part of your toolkit for success.
Like glasses, they can obscure your path or bring clarity to the road ahead.
Cultivating a healthy wealth mindset will help you stick to your financial goals and
find ways to increase your earning potential.
Your mindset is a set of beliefs that shape how you make sense of the world and
yourself. It influences how you think, feel, and behave in any given situation.
Types Of Mindsets
According to Dweck, there are two basic mindsets: fixed and growth. If you have a
fixed mindset, you believe your abilities are fixed traits and therefore can't be
changed.
You may also believe that your talent and intelligence alone leads to success, and
effort is not required.
On the flipside, if you have a growth mindset, you believe that your talents and
abilities can be developed over time through effort and persistence.
People with this mindset don't necessarily believe that everyone can become
Einstein or Mozart just because they try. They do, however, believe that everyone
can get smarter or more talented if they work at it.
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Chapter 2: Rich Mindset Vs Poor Mindset

How to Develop a Rich Mindset!
If you're serious about success, then you need to understand the difference between
rich and poor mentality. As you study the lives of rich people, you'll notice one
consistent theme: a growth mindset.
One of my favourite quotes of all time is from Dale Carnegie. "Most of the important
things in the world have been accomplished by people who have kept on trying when
there seemed to be no hope at all."
Having a rich mindset is ultimately about self-growth and persevering until you reach
your desired outcome. The best place to begin? Understanding the rich vs poor
mindset.
Ready to learn what sets apart the rich mindset vs poor mindset? Let's dive in!
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The difference between rich and poor mentality
If you've spent any time on social media such as Instagram, Facebook, and
YouTube, you've no doubt seen people posting content about their incredibly lavish
lifestyles.
For some, the images are real. But for others, behind the scenes, there's a lot of
debt, poor credit, and zero savings.
In the extremely popular and captivating book, The Millionaire Next Door, the author
has studied millionaires over several decades.
Do you know what he found? Most millionaires aren't living out in Hollywood. Most
millionaires are right in front of you - living in your neighbourhood, driving that
second-hand Toyota, and sporting the iPhone from 5 years ago.
There are so many lessons to learn from these millionaires. They're business owners
who've built their empires from the ground up, women and men who've maintained
their old lifestyles while building real assets and using a rich mindset.
It's important to realise that truly rich people often won't flaunt it. And it's partly why
they continue to increase in wealth. They're not buying the latest gadgets, the most
expensive vs inexpensive, instead, they're building assets.
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This is a key differentiator between rich vs poor people. Living in luxury can be one
of the habits of the poor mindset. But becoming rich is possible, and there are many
more wealthy people out there than you might imagine.
What is a poor mindset?

On the other end of the spectrum, you have a significant number of people stuck in a
poverty mindset. Poverty and being poor is complex. Our environment, exposure,
and life experiences can keep us trapped in its cycle.
It can be difficult to overcome this. However, you can carve your way out by deciding
to adjust your mindset. So what are the thought patterns that can hold you back from
becoming wealthy?
1. A poor mindset believes things will not change.

Poor mindset convinces people that their circumstances are fixed and that living
paycheck to paycheck is the best they can do. They think that there's not much they
can do to improve their circumstances. This is a big difference between rich and poor
mentality.
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2. An attitude of poverty believes they can't overcome

challenges.
Someone using habits of the poor mindset believes that what life has thrown them
has never been seen before and their challenges are impossible to overcome. They
may also feel judgement towards those that are rich.
What this person fails to realise is that everyone goes through rough patches. Oprah
didn't rise to where she was without facing major personal and professional
challenges, and neither did the likes of the late and great Kobe Bryant.
Instead, they had a wealth mentality, and below, we'll walk through certain habits
that rich people have that set them apart from the rest.
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Chapter 3: 10 Rich mindset habits to

start emulating now
Now that you know the difference between the rich vs poor mindset, let's get into
specific rich mindset habits that you can start working on today.
1. Rich people always have a vision

Before you hit the ground running, ask yourself this: what is your vision? Jonathan
Swift said it right when he said "Vision is the art of seeing what is invisible to others."
Do you have hopes and dreams you're constantly thinking of achieving? Is your
vision big beyond what you think you are capable of today? Will what you see for
yourself change your life, the life of your family, or your community in the future?
If all you see is where you are today, challenge yourself to build a vision. Once you
do, realize it's not a one-and-done affair. Instead, it's an everyday process where
your mind dreams further of what's possible.
The rich are persistent and keep working towards their vision and goals; a huge
difference between the rich mindset vs poor mindset.
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2. Rich people have productive routines

Netflix, YouTube, and TikTok have been dominating the entertainment scene of late.
Millions of hours are viewed each day. While it's great for them, it does little for you -
and rich people know this. Most rich people are more productive with their time.
Rich people are intentional. They have routines. And they understand that you don't
just wake up as a diligent individual out of nowhere. When we talk about routines, we
don't just mean waking up at 5 am every day.
That's only a tiny part of it. Instead, we're referring to the overall environment rich
people put themselves in.
Rich people are intentional about the friends they keep. They pay attention to what
they feed their minds. And rich people put themselves in environments where
success is most likely.
Routines consist of all these components - time, environment, and habits. For
example, when you need to get some work done at home, do you work from your
bed? You probably end up getting much less done. Having a designated workspace
will get you much further ahead.
Basically, create a life that makes success inevitable. The reliability of a routine can
help you succeed. Rich people know this and are intentional about having a
consistent routine.
3. A rich mindset is results-driven

Rich people focus on outcomes. They take full responsibility by setting goals and
achieving them. And they aren't building routines for bragging rights.
No one is waking up at 5 am so they can post about it on Instagram.
No. Rich people are focused on the results and will commit to doing what it takes to
achieve them.
Routines alone will improve your quality of life. But they won't do anything for your
bank account. Routines coupled with focused action will yield results.
So what's the best way to achieve results? Know what you want. When you have a
clear idea of what the end goal is, it will be so much easier to work back and figure
out what it takes to get there!
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4. Rich people admit when they don't know

Guess what makes you a smart person? Admitting what you don't know and knowing
how to ask meaningful questions.
Rich people know this and are on a constant search for knowledge as part of their
rich mindset. If you're learning from a mentor, ask smart questions for informational
purposes.
Learn in regards to the challenges they are facing, understand what they are trying
to achieve, how they are planning to achieve their goals, and what they've learned
from past experiences.
Listening always pays off and rich people know this. They gather intel on best
practices, new opportunities, and potential challenges and solutions. They use this
skill when learning, negotiating, exploring, networking - basically every human
interaction they have!
5. People with a rich mindset don't work for money

You heard that right. Rich people work to learn. Poor people often work for their next
paycheck. This is a huge difference in the rich vs poor mindset.
You see it all around you. Poor people end up working from paycheck to paycheck
barely making ends meet. Rich people in the meantime grow their skills and abilities
and continually rise up the ranks.
Once you make money the end goal, you'll be stuck working for it, without growing in
your talents and abilities to earn more income. If you work to learn, you'll be well on
your way to success.
6. Rich people have mentors

Life is all about relationships. You've heard the saying before "your network is your
net worth." It's true. But that doesn't mean you should go out there and dump your
friends. Instead, it means you should broaden your circle.
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You see, rich people connect with other people. They identify stars in their field,
study them, and through a leap of faith, make that connection. It all goes back to
your vision. Who inspires you? What do you admire about them? What do you hope
to learn from them? And it doesn't just stop there.
A rich mindset asks how you'll make a connection with that person. To connect with
anyone you'd like in the world, you have to serve them first.
Understand their world and figure out how you can add value to them. They'll be
much more receptive to mentoring you once you've built a relationship.
7. Rich people always look out for opportunities

Shark Tank is a fascinating show. Every week, handfuls of entrepreneurs stand
before the sharks and pitch a new idea. Some of them are wild.
Would you ever imagine a sponge in the shape of a smiley face making hundreds of
millions of dollars? Or a toilet stool that makes bowel movements easier revamping
how people handle their business? Scrub Daddy and Squatty Potty did just that.
Their founders were visionaries who saw opportunities in the mundane day-to-day
activities of life.
Not seeking to improve things is one of the habits of the poor mindset. But not
someone with a rich mindset. A rich person always seeks to improve upon what's out
there - and there's always room for improvement. Both in good economies and bad.
Past recessions birthed companies like Airbnb, Disney, Venmo, Slack, and Uber.
Recessions and times of economic uncertainty create some of the greatest
comeback stories you can ever imagine. It's times like these where differences
between people with rich vs. poor mindsets stand out.
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8. Rich people believe in abundance

In the rich vs poor mindset, there's often one core belief that holds poor people back.
It's a belief that resources are limited. It's a belief that if my neighbour Jane
succeeds, then there's less room for me to succeed.
It can often lead to resentment and an assumption that rich people only look out for
their own interests. To a person with a poor mindset, resources are always scarce.
Rich people, on the other hand, believe in abundance. You've succeeded? Great!
Who else can too? Rich people know there's plenty to go around. They do not
engage in an "us vs.
them" mentality. They focus on providing as much value as they can to as many
people as they can. That's their formula for success.
Zig Ziglar summarised it well when he said, "You can have everything in life you
want if you will just help other people get what they want."
9. A person with a rich mindset learns how to manage

their finances
No one is born knowing how to manage their money. Sure, some people are born
into families where financial management is modelled well for them. But for the
majority of us, that's not the case.
Rich people know this and are proactive in managing their finances. A rich person
has a budget. A wealthy person has learned how to invest in the stock market. A
successful person made it a priority to get out of debt.
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Beyond that, rich people understand how to use money to their advantage. Instead
of racking up thousands of dollars in consumer debt, rich people will leverage it to
start a business if they need to.
They use debt to build and they pay it off responsibly.
10. Rich people are not afraid to fail

Rich people are not afraid to fail. They're not afraid of trying something new. They
see a problem and they are quick to think of solutions to it. No one has 100%
accuracy with finance and investments, sometimes you just have to take a calculated
risk.
Failure doesn't worry them, because they have not failed as long as there are life
lessons to learn. They are willing to go out on a limb sometimes, at their own risk,
because they want to improve and try to be more successful.
You've certainly achieved wins in the past, but you've probably also had things not
go according to plan before those wins. Look back at each of them and you'll notice
the lessons you learned in order for you to get to the point of success.
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Chapter 4: 10 Steps to Developing A

Wealthy Mindset
We all want to be wealthy, well most of us anyway. I often think about what
separates those who are wealthy, with those who are not. I meet wealthy people
daily and they all have similar characteristics. I have met very few wealthy people
who did not work for their wealth and work hard.
The wealthy people I meet, never have debt or have very little of it. They all have a
strong sense of purpose, along with an unwavering commitment to their passions.
How do those of us who are not yet wealthy become wealthy? The answer is simple:
develop a wealthy mindset.
Today I will show you 10 steps to developing the wealthy mindset. The biggest battle
is always between your ears, conquer that and nothing will stop you.
1) Decide that you want to be wealthy

Seems easy, but it truly is not. Most people do not become wealthy because they
don’t think it is something that is even an option for them. I left a well-paying job
because I saw a cap on my potential, among other things.
Now leaving your job might not be an option but analysing your situation and
maximising it surely is. Every situation has the potential to be maximised, but only if
it is understood sacrifices will have to be made.
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I have told many of my clients that even if I made minimum wage I would still find a
way to save $100 a week. At my age, if I save $100 a week I will have over a million
at retirement.
Will I be poor most of my life? Yes, I will. However, I will also have a million waiting
for me at the end of the rainbow and that is maximising my situation. You must
decide that wealth is in your future or it won’t be, ever.
2) Define what wealth is to you

Most people think of wealth as money and lots of it. That isn’t always the case.
Wealth may be time spent for some people. Being able to pick and choose what they
want to do with their time.
For others, it is experiences like travel or adventure. Even more people think of it as
their family, and making sure they are happy.
Whatever wealth may be to you, understand that there will more than likely be a
money component to the wealth you seek.
Time costs money, adventures cost money, family costs money, heck everything
costs money. Define what ideal wealth would be for you or else you will never
experience it.
3) Start from the end

You should always start from the end when it comes to planning for wealth. For
instance, I would love to own multiple rental properties, so they could provide me a
passive income source, so I can free up time to do what I want.
I know to have this rental empire, I need one to start. I know to have one to start I
need to pay a down payment. I will also need a “rental emergency fund” to make
sure if anything happens to my property I am covered.
All things together, I figure I will need about 50K to make this happen. For this to
happen in 3 years time I need to save about $1400 a month.
To save $1400 a month, I need to make an extra $1400 a month. To do that I need
to make more money and cut out unnecessary spending.
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See how I started at the end and worked my way to the start. When you start at the
beginning, it will seem too daunting. Imagine like you are already there, that will be
your inspiration.
4) Lay the foundation

Mapping out the goal is important, but it all comes from the habits you have on the
daily. Frugality, minimalism, working hard, saving money, investing for growth,
protecting what’s yours, are all needed. It is what you do on a daily basis that affects
the overall trajectory of your life.
Daily wasteful spending, missing work, the sin tax, not saving for the future. You may
not think that buying lunch everyday is hurting you, but it might be.
You must analyse what you do on a daily basis as these daily habits contribute to
your wealth or lack thereof. You should do at least one thing every day that is a
wealth contributor.
If you do that one thing and work on eliminating the wealth inhibitors, you will get
there I promise.
5) Find a comfortable existence and stay there, sort of

What I mean by this is that your lifestyle should not grow substantially with your
income. I remember eating No-Name soup for dinner when I was poor. Those days
are over thank god, but there aren’t caviar dinners now that have a bit of money.
There is no reason for your lifestyle to match your income and it definitely should not
exceed it. If you have hit a comfortable lifestyle, any extra money should be for
wealth building. Ever wonder why you see Bill Gates in plain shirts and pants.
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It is because clothing is a need not a want. He doesn’t need designer clothing to

accomplish his goals and just a heads up, neither do you.
Food fills his belly, a roof goes over his head, the car gets him to where he needs to
be. If your lifestyle constantly grows as your income grows, you will never be
wealthy. In fact, you will always be broke.
6) Have a clear “why”

Having a clear and defined “why” is vitally important to wealth building. It is what will
get you through the tough times. Sacrifice is necessary for wealth. Ask anyone who
is wealthy.
Most have a story to tell of hard times, long sleepless nights and moments they
wanted to give up.
When you have a clear “why” it will guide you through those times. It is your purpose,
your reason for getting up every morning.
It could be your family, your friends, your patients or work associates, your beach in
a far-off land, or the people you wish to help.
Your “why” will be a small idea in your mind until it is everything you do always. That
is wealth.
7) Those who don’t have a “why” can go away

You will encounter people on the daily that will scoff at your pursuit of wealth. Why
do they do this? They do this not because they are bad people, or because they are
stupid or mean. They do this because they don’t understand.
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Maybe they do not yet know their purpose for doing what they do. Maybe they are
struggling inside with something that you do not understand.
Maybe it is because they too wish they had a goal that they were working towards.
Unless they are willing to aid you on your journey or get out of your way, they must
be gone from your circle.
You are the sum of the 5 people you hang around the most. Those people should be
supportive, driven, and positive influences. If they are not, it will only drag you down.
It doesn’t mean you are better than them, because you are not better than anyone. It
just means you are different and are on a different path.
8) You cannot stop

It is tempting to reach certain financial goals and then stop. This is troublesome for
many reasons. Lifelong financial freedom requires lifelong effort and dedication. You
need to continuously put money away and save for the future.
If you let one triumph satisfy your saving urge, you will revert back to casual
spending and debt accumulation. As you are achieving your goals, always be on the
lookout for new goals so that you can continue on the path.
It is this dedication over the years and decades that will make you wealthy. It is just
like working out. You have to keep pushing in order to maintain a level of fitness.
Wealth is no different.
9) Enjoy the fruits of your labor
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Rewarding yourself with periodic gifts is vital to the process as well. I think the best
reward you can give yourself is a vacation.
Too many people, myself included, work themselves too hard and don’t get to enjoy
what they are working for.
Well deserved time off is important to recharge and unwind after a long stretch of
hard work. The key is to fit this into your budget and plan for it. Saving all year long
means nothing if you blow it all on a vacation.
Plan ahead and take some time off. It will be good for your body and soul.
10) Reflect on accomplishments and don’t dwell on

failure
Wealth comes from emphasising activities that produce wealth and minimising
activities that detract from wealth.
Working hard and saving money builds wealth.Wasting money and accumulating
debt inhibits wealth. As your years go on you will see things that you have done that
have caused financial harm.
Do not get down on yourself for those activities, instead learn from them. It is only
stupid if you continually do them.
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On the other hand, continually participating in activities that build your wealth should
be reflected on as well. It is these practices that should be celebrated and repeated.
We all waste money and miss opportunities.
The key is to limit those mistakes and fill your day with positive wealth-building
practices.
Ever meet someone who is constantly complaining about their money situation?
Ever meet someone who is always looking to earn more and enhance their lifestyle?
Both are almost identical for one simple reason.
Both have an inner voice that guides that kind of behaviour. I personally have no
doubt that I will be wealthy because I will settle for nothing less.
Others even doubt their ability to merely exist because they for some reason believe
they deserve nothing more. Everyone can have wealth. The first step is getting your
mind there. After that, it is all just numbers and time.
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Chapter 5: 21 Billionaire Secret Habits to

Success.
Before we begin, I think it’s important to define “success” as it is a broad and vague
term. By success, I mean the desired amount of money you’re after and achieving
your goals while staying happy.
No entitlement or complaining
While losers are pitying themselves and complaining, winners are working hard to
build their dreams.Those who act entitled do less, look at the world negatively, and
accomplish less.
Dream-building is an athletic, strenuous activity.The world isn’t fair, and that’s okay.
The world isn’t trying to screw you over. You’re not that important.
Enthusiasm
Even for the lowliest of positions or occupations you have to take (unpaid intern or
janitor)
“If it falls to your lot to be a street sweeper, sweep streets like Michelangelo painted
pictures, sweep streets like Beethoven composed music … Sweep streets like
Shakespeare wrote poetry.
Sweep streets so well that all the host of heaven and earth will have to pause and
say: Here lived a great street sweeper who swept his job well.” -MLK
Napoleon Hill spent his life studying the richest people in the world in person. He
found this to be a key trait in rich people.
Form great habits

The chains of habit are too light to be felt until they are too heavy to be
broken.Humans are creatures of habit. The younger you form them the better. The
older you get, the harder it is to form and break habits.
A Positive Mental Attitude (PMA).
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This doesn’t mean to have an extreme, unrealistic optimism at all times. You can
have a dose of realism. It means staying positive when times are tough so you can
persevere.Another Napoleon Hill success pattern.
Honesty
Do unto others as you would them do unto you. In the modern world of digital
transparency, your reputation follows you around. You can use this to build a
massive brand people trust or one people run away from.
Be NICE to people. Be friendly. Be positive. Having a

pleasing personality is huge.
The willingness to not care what others think of you When pursuing your goals, you
can’t let your fear of people disliking you stop you from making the moves
necessary.
Ray Dalio tested some of the world’s top leaders, like Bill Gates, with a personality
test. He found that all of them scored high on being willing to have people dislike
them to achieve their goal.
Along the journey, you will inevitably find people who don’t like you and that’s okay.
A clear vision of your goals

You can’t get somewhere efficiently if you don’t care where you’re headed. Write
your goals. Writing burns them into your subconscious. Napoleon Hill says your
purpose should be as definitive as possible.
Sometimes, I feel you can’t have everything figured out and your purpose or career
in life may not be crystal clear. However, you can still make your goal clear.
For instance, my goal can be to test things out and find out what industry and career
path if I don’t know what that is yet.
Open-mindedness and constant learning

You have to be open to the idea that you are wrong because sometimes you are. As
long as it’s not a big, unethical failure, such as one that lands you in jail or destroys
your reputation, it’s fine.
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Do not fear failure or rejection. Don’t be so paralyzed you don’t act. Many types of
failure have tiny bad consequences.
We blow it out of proportion. Failure is oftentimes useful and necessary to get to

where you want to go. They are learning experiences to guide you. Many successful
people have failed many times whether it was in business ventures, ideas, products,
or computer programs.
“If you’re not failing, you’re not trying.” See Carol Dweck’s Growth Mindset book for
more details.
One of the greatest problems is comfort of the mediocre. It is not so bad that it
prompts you to take action and so you sit there doing nothing.
Most of the most successful people in the world (Usher via MasterClass, Seth Godin
via Tim Ferriss podcast, and many billionaires) have failed 10x more than the
average person. That is what increases their chances of success. They try more.
Pursuing asymmetric risk-reward opportunities

Richard Branson found opportunities with very little downside and massive upside.
For example, he struck a deal to return his rented first aeroplane at very low cost if
his airline business didn’t take off after the first year. If it succeeded, he would make
a boatload.
Napoleon Hill and Henry Ford both found that those who were unable to make a fast
decision after all the resources were there usually failed to follow through and
succeed in life.
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Some people know what to do but don’t take action. Some people accomplish
nothing by never taking action on what they’re told. They believe they have but
they’re not.
Patience and persistence

Patience in how long it takes you to achieve your goal, even if it’s several years or
decades. Perseverance separates winners and losers. If the front door is opened, try
the window, then the back door, then sneak in with the pizza delivery guy.
The moment losers give up (which is usually after repeated failures) and winners
persevere is the beginning of success. Steve Jobs says he kept going when any
rational person would’ve given up. Loving what you do helps you persevere. Find
your bliss.
A lot of people give up when times get tough. As Steve Jobs said in the one
interview he had with Bill Gates, if you love doing something so much, you will keep
going even though everyone else has quit because it is logically insane to keep
going. And that’s when the breakthroughs happen.
Persist. Persevere when others don’t.
Find your passion

“If you can do it for joy, you can do it forever.” -Stephen King Passion helps you
persevere Ideally, you want to get to the point you are excited and jump out of bed to
go do the work.
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There will be tough days for any job though. You want to consider how competent
you are at this work or skill. If your potential for competence will never be there than
this may not be what your calling is.
I suggest listing out things you like and dislike about careers you test out to move
towards things.
Look for the alignment between something you enjoy, something you have the
potential to be very competent at, and something that can pay you (to accomplish
this last point and really squeeze the juice out of this, you may have to be very
creative and/or very entrepreneurial)
It makes it a lot easier to not give up because you enjoy it so much. You will keep
going when others quit when times get tough.
Do what unsuccessful people are unwilling to do

This requires Self-control (willpower).
While some activities will be fun because you’re passionate about them, you will still
run into activities that you dread or despise.
Going through the pain and putting in the hard work will pay off because others are
unwilling to do so.
Always go the extra mile and do more than they pay you for Doing the bare minimum
will give you minimum results and growth. While you may slide by in the short-term, it
cuts off your long-term potential.
Do the best work even when your boss isn’t looking.
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Focus
Warren Buffett and Bill Gates say this is the number one thing. Focus on your craft
and perfecting your skill is key.
Warren and Bill focused intensely on computer programming and

investing/accounting for years, which is what they say got them to where they are.
The more you focus, the faster you get good because you spend more time on it.
Don’t do it alone. Have a team.

The founder of Nike says great things are done by a team. You can’t do it alone.
Even Will Smith has a massive team he’s been with for decades working behind the
scenes for him, including a business partner.
Spend less than you make

Simple but more important advice to build wealth. The more you save, the more
money you have to use to make more money. Avoid spending money on items that
don’t make more money. Clothing and cars rust and deteriorate in value.
Health, fitness, and nutrition

Take care of your body. You only get one.
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Nutrition – eat healthy foods. This is fuel for your body. You already know what’s
healthy. It’s common sense. Fast food and sugars in excess aren’t good for you.
Sleep – get as much as you need. Sleep deprivation destroys performance and
focus.
Stress – eliminate as much as you can. This is partially mindset too. I am striving for
a personality that cannot be stressed out or knocked. This is how some of the
longest living people are like.
Exercise – I try to do at least 30 minutes of aerobic/cardio workout every day. This is
key and this is what everyone needs to get to at the very least.
Lifelong learning
Learning doesn’t stop when you finish school. Go to bed at least a little better every
day than when you woke up.
Do this in a few key areas: Wiser (more knowledge), healthier

(exercise/nutrition/etc.), and Richer (more money) Billionaire Charlie Munger has
said you do this for being wiser.
Kevin O’Leary has said you do this for more money.If you have the fortune of living
to an old age, these investments compound. Every small piece of knowledge grows
into something huge overtime.
Outwork competition
Work and practice on your craft every day for hours. WORK ETHIC IS HUGE. If you
can outwork your competition you are ahead. If you’re working while they’re sleeping
or partying, you will get ahead in the long run even if you’re equally talented.
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Will Smith, Elon Musk, Gary Vaynerchuk have all admitted how they work 3x harder
than their competitors. When you’re taking a break, they’re working.
Give more value than you get

The more value you give out, the more opportunities you’ll get. Sometimes, it’ll take
years for you to see the return because you want to build goodwill rather than one-
for-one transactional exchanges. Eventually, you’ll get the opportunities to ask for
something back.
“You can have everything you want in life if you will just help enough other people
get what they want.” -Zig Ziglar
Give your music, give your craft, give your services, give your time, give your energy,
etc. In time, the more competent you get at something, it will come back to you in
one way or other, whether it is growing buzz about you or through connections.
People can sense when you have a hidden agenda to get something back
immediately for something you gave for “free.” This turns them off.
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Believing and seeing what’s possible when others think

it’s possible
We all have a number of assumptions or beliefs that are often not true. If you don’t
believe something is possible, you won’t even try.
Without trying, your chances of success are the closest to 0% as possible. Find your
limiting beliefs, eliminate them, and you stop them from holding you back.
People thought artificial light, aeroplanes, and wireless communication were

impossible and fairy tales not that long ago.
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Chapter 6: Business-Focused Tactics on

How To Become A Billionaire
Make sure the product or service is really good. Always keep trying to make it better.
You can do marketing but if your product sucks or is not good enough, customers
will not stick.
Billionaires Elon Musk, Peter Thiel, John Paul De Joria, and Jeff Bezos have said
something similar.
As a caveat, don’t be so honed in on perfection that you are paralyzed and never
release anything. Sometimes, your first thing is crap but you release it to get things
going. The customer is the priority.
Customers are #1. Do as much to give to your customer what they want as you can.
Develop the best product or service the customer could want as possible.
Customer service is very important. Customers can sense if you really want to help
them or are just after their money
Employees are #2, and technically are also, #1. This is because how you treat your
employees will reflect directly on how they treat their customers.
I cannot stress how many times this has been mentioned by successful
entrepreneurs. Notable people who have mentioned this include the billionaire Sam
Walton and Lee Cockerell of Creating Magic.
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Find the right Business Partner. Take your time to really get to know this person.
Ideally, spend years. This must be someone you can trust, fully understand, and is
honest.
You want your partner to ideally cover your shortcomings. If you are into business,
he must be into something else like sales.
I cannot stress how important this is. There are SO many entrepreneurs who have
said this and embody this. There are so many successful businesses, some of them
very recent, who emphasise this.
This is because a business partnership is the core element of the business and if the
partner leaves, betrays you, or takes the money and leaves, that could mean the end
of the business.
It is often not as easy as replacing the partner. This happens quite often.
It is not a requirement that you know your partner for years and be best friends, but it
is better so that you can really get a good sense of who they are.
Also, this does NOT mean you partner with someone just because they are your
best friend. Business is tough and has ended many friendships.
There are dozens of examples of successful people who embody this. The following
are pairs of billionaires who knew each other for years: Paul Allen and Bill Gates,
Steve Jobs and Woz, Rich Devos and his best friend grew up together and fought in
WW2.
Wealth Mindset for the Long Haul
A Lifetime Process
Achieving financial wellness is not a one-off deal. It's something you have to work on
and build into your life until it becomes a habit. Harvey clarifies that once you have a
good foundation financially, you can make note of your progress.
"But don't think after one money mindset, or wealth mindset, of course that you'll
never have issues again," Harvey urges. "I believe this type of thinking is what
keeps people in course after course because they think they're doing something
wrong, when that really isn't the case."
Every Path Is Unique
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Prince believes there are multiple paths to making financial improvements. "Given
everyone's financial picture looks a little different, there isn't one hard or fast rule on
how to achieve financial wellness," Prince explains.
"However, for someone looking to improve their financial health, implementing

habits like not spending more than you earn, setting up an emergency savings fund,
paying off debt and saving for retirement are all good places to start.
Keep in mind that achieving these habits and goals takes time and can't be done
overnight. It's important to be patient with yourself if you're just getting started."
Confrontation Is Empowerment
When financial issues seem overwhelming, it can be difficult to confront them head-
on. For many, this can feel like a shameful experience. Kristen Euretig reassures
anyone in this situation that a lot of people struggle with fear and shame when
confronting their finances, and dealing with them is really the best confidence-
booster of all.
The Wealthy mindset acknowledges that there's more than enough in the
36 switchbold.com
universe. When used properly, with a credentialed advisor, it can be an

empowering tool that can heal financial wounds and set the foundation for new
financial patterns.
In the end, it's about self-love and worthiness. It's an idea—not magic. Wealth
mindset can't replace action.
It can't replace the task of making smart financial choices within an imbalanced
system—or confronting any number of financial crises.
As much as social media wants to stretch this reality, remember that a "wealth
mindset" can only get you so far.
What you do with that idea is ultimately up to both how much privilege you have
access to and how much action you're willing to take.
Chapter 7:The Millionaire Mindset To

Achieve Financial Independence
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To obtain the type of financial independence you’ve been dreaming about all your
life, you must learn to develop a “millionaire mindset”.
Thomas Stanley and William Danko, in The Millionaire Next Door, explain that
most wealthy people and self-made millionaires drive used cars, live in average
neighbourhoods, wear average priced clothes and watches and are very careful
with their money.
In addition, very few of them buy boats, recreational vehicles, second homes,
personal aeroplanes or invest in expensive vacations.
Stanley and Danko point out that there are “Those who look rich, and those who
are rich.” Your job is to be one of those people who are genuinely rich, rather than
those who spend a lot of money but who have very little in the bank.
Develop A Millionaire Mindset

Truly wealthy people develop the habit of “getting rich slowly” rather than “getting
rich quick.” To assure this, they have two rules with regard to money. Rule
number one: Don’t lose money. Rule number two: If ever you feel tempted, refer
back to rule number one, “don’t lose money.”
Wealth people spend much more time thinking about their finances than people
who remain poor. The average adult spends 2-3 hours each month studying and
thinking about their money, usually at bill paying time.
The average self-made millionaire, by contrast, spends 20-30 hours per month
thinking, studying and planning his finances. This millionaire mindset, the very act
38 switchbold.com
of focusing on your money, will dramatically improve the decisions you make with
regard to it.
Wealthy people who invest more time planning their finances invariably make
better decisions, get better results, and achieve financial independence.
Develop The Habits Of Wealthy People

With regard to your growing bank account and goal of achieving financial
independence, millionaires develop a series of other financial habits to assure that
they don’t lose money, and that their money grows steadily over time.
During the cultivation of a millionaire mindset, one of the best financial habits you
can develop is the habit of getting good financial advice before you do anything with
your growing account.
Ask around and find a financial advisor who has already achieved financial
independence by investing his or her personal money in the areas that he or she
recommends to you.
Your ability to choose excellent financial advisors can be the critical factor in making
good investment decisions.
Develop the habit of investigating before you invest in anything. The rule is, “Spend
as much time investigating the investment as you spend earning the money that you
are thinking of investing.”
Fast financial decisions are usually poor financial decisions. Develop the habit of
taking your time, of moving slowly, of finding out every detail of the business or
investment before you ever think of writing a check.
Never allow anyone to pressure you into an investment decision. Never allow
yourself to feel that a financial investment decision is urgent and must be made
immediately.
A wealthy man I worked for once told me, “Investments are like buses; there will
always be another one coming along.”
Sometimes, the best investments are the ones you never make at all. Make a habit
of thoroughly understanding the investment before you ever think of parting with
your hard earned money.
If there is anything that you do not understand, or which seems too complicated for
you, do not put your money in that area at all.
Wealthy People Never Trust To Luck
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An important habit for financial success is the habit of insuring properly against any
risk that you cannot write a check to cover. It is amazing how many people have
spent years accumulating money and then lost it all because they did not have
proper insurance policies in place.
Develop the habit of using what I call “worst possible option” (WPO) thinking. Always
ask yourself, “What is the worst possible thing that could happen in this situation?”
No one likes to spend money on insurance, but it is one of the smartest things that
you can possibly do on your road to financial independence.
By ensuring properly, you will never be caught off guard by an unexpected accident
or emergency. An additional benefit of being fully insured is that it gives you a
feeling of calm confidence that allows you to think more clearly and be much more
effective in everything else you do.
Wealthy People Cover Their Assets

As you begin to accumulate money, develop the habit of protecting your estate
from unnecessary taxes and frivolous lawsuits. Invest in the services of a lawyer
who specialises in wills and estate planning.
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Set up a family limited partnership, under the direction of a good lawyer, and
transfer your assets into the partnership so that they cannot be seized in a lawsuit,
or taxed away if something were to happen to you.
As the old saying goes, “A stitch in time saves nine.” Small actions that you take in
planning, investigating and insuring your assets can save you an enormous amount
of money on your road to financial independence.
Do Your Homework
In addition to the habits discussed above, another important habit that wealthy
people develop is the habit of carefully considering every expenditure before they
make it.
This involves getting as much information as possible on the various prices and
costs involved in any financial decision. The power is always on the side of the
person with the best information.
Develop the habit of negotiating more effectively to get higher prices when you sell
and lower prices when you buy.
A good negotiator can save or gain 10%, 20% and more on every financial
transaction. Each dollar saved or gained is additional money that you can put away
to accumulate and grow in your financial fortress account.
Develop the habit of asking for higher prices when you are selling and asking for
lower prices when you buy. Ask for lower interest rates. Ask for better terms and
conditions. Ask for immediate payment when you sell and ask for deferred
payment when you buy. Ask repeatedly.
Ask pleasantly. Ask courteously. Ask expectantly. Ask confidently. But don’t be
afraid to ask. Ask for what you want, and if you don’t get it, ask for something
else.
Achieve Financial Independence…Slowly
Most great fortunes are built slowly. They are based on the principle of compound
interest, what Albert Einstein called, “The greatest power in the universe.” In full
99% of cases where people become wealthy, it is over a long period of time, and
it is based on slow, incremental growth as the result of compound interest.
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Every dollar that you save, properly invested and protected, has the ability to
grow 5% – 10% each year. As your money grows, it compounds on itself, and
grows even more. According to Stanley and Danko, it takes the average
millionaire 22 years to accumulate a million dollars from the time he gets serious
about his financial life.
Most wealthy people get rich slowly, by gradually increasing their earning ability,
saving more and more from their income, and investing it carefully and intelligently
so that it grows and compounds over the years. You must do the same.
More Than The Millionaire Mindset
Achieving financial independence as the result of developing Million Dollar Habits is

a great goal in itself, but it is not the most important thing. It is the person that you
have to become, in terms of courage, character, thoughtfulness, and persistence that
is most important.
As a result of becoming financially successful over a long period of time, you will feel
truly happy and satisfied with yourself, and with every other part of your life. This is
the most worthwhile goal of all.
42 switchbold.com

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What are some habits that wealthy people develop?

What are some habits that wealthy people develop?

What is the average time it takes to accumulate $1 million according to the book?

What is the average time it takes to accumulate $1 million according to the book?

0

HOW TO GET IN THE RIGHT MINDSET TO BECOME RICH

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Any perceived slights of specific persons, people, or organisations are unintentional.

COMPENSATION DISCLOSURE: Unless otherwise expressly stated, you should

At Switchbold, our vision is to help at least 1 Million Entrepreneurs and Business

About the Authors:

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What Actually is a Mindset?

Chapter 2: Rich Mindset Vs Poor Mindset

The difference between rich and poor mentality

What is a poor mindset?

1. A poor mindset believes things will not change.

2. An attitude of poverty believes they can't overcome

Chapter 3: 10 Rich mindset habits to

1. Rich people always have a vision

2. Rich people have productive routines

3. A rich mindset is results-driven

4. Rich people admit when they don't know

5. People with a rich mindset don't work for money

6. Rich people have mentors

7. Rich people always look out for opportunities

8. Rich people believe in abundance

9. A person with a rich mindset learns how to manage

They use debt to build and they pay it off responsibly.

10. Rich people are not afraid to fail

Chapter 4: 10 Steps to Developing A

1) Decide that you want to be wealthy

2) Define what wealth is to you

3) Start from the end

4) Lay the foundation

5) Find a comfortable existence and stay there, sort of

It is because clothing is a need not a want. He doesn’t need designer clothing to

6) Have a clear “why”

7) Those who don’t have a “why” can go away

8) You cannot stop

9) Enjoy the fruits of your labor

10) Reflect on accomplishments and don’t dwell on

Chapter 5: 21 Billionaire Secret Habits to

Form great habits

A Positive Mental Attitude (PMA).

Be NICE to people. Be friendly. Be positive. Having a

A clear vision of your goals

Open-mindedness and constant learning

We blow it out of proportion. Failure is oftentimes useful and necessary to get to

Pursuing asymmetric risk-reward opportunities

Patience and persistence

Persist. Persevere when others don’t.

Find your passion

Do what unsuccessful people are unwilling to do

Do the best work even when your boss isn’t looking.

Warren and Bill focused intensely on computer programming and

Don’t do it alone. Have a team.