Want to become a millionaire? These 11 things you must give up. “Great Knowers”

“Being a millionaire takes action, and that requires some lifestyle changes and a willingness to make sacrifices,” writes Steve Siebold in his book How Rich Men Think. In turn, on CNBC, he shared eleven things that he believes you need to give up to increase your chances of becoming a millionaire.

1. Thinking small

Steve Siebold believes that each of us has “everything we need to make more money than we can spend.” However, you have to change your way of thinking. – The main goal of the masses when it comes to money is to retire at 65 with the hope that they will have enough money to live until they die. World class, while often no more ambitious, aims to make an impact on the world with their wealth, writes Siebold. “Don’t be afraid to think big,” he adds.

2. Saving instead of earning

According to the expert, the way to wealth is not saving and saving money, but focusing on earning, multiplying assets and systematically increasing the number of sources of income.

3. Full-time job

“The great know that self-employment is the fastest way to wealth,” says Steve Siebold. In his opinion, average people choose a secure job, while the rich choose pay based on performance, usually self-employment, which significantly increases the chances of financial success.

4. Unspecified, flexible deadlines

“The average person half-heartedly wants a lot of things,” says Siebold. With millionaires, it’s completely different. Rich people “focus wholeheartedly on one major goal at a time” and “set a deadline for achieving it.”

5. Living beyond your means

– The middle class is famous for living beyond its means. They are not spendthrifts, but they earn so little that they have to spend everything to live with dignity, says Steve Siebold. What is the solution for this? “Instead of focusing on spending and saving, focus on how to earn more, invest a percentage, and spend the rest however you like,” he explains.

6. Entertainment first

Some people may think that the life of millionaires is all about holidays and fun. Nothing more wrong. – Walk into a rich person’s home and one of the first things you’ll see is an extensive library of books that they used to educate themselves on how to become more successful. The middle class reads novels, tabloids and entertainment magazines, argues Siebold.

7. Toxic relationships

Who you spend your time with matters more than you think. According to the expert, it is very important to surround yourself with inspiring people: “We become like the people we hang out with, and that’s why winners attract winners.”

8. Looking back

“People who believe their best days are behind them rarely get rich and often struggle with unhappiness and depression,” Siebold writes. “Self-made millionaires get rich because they are willing to bet on themselves and project their dreams, goals and ideas into the unknown future.”

9. Living in the comfort zone

The average person likes to feel comfortable, while the rich live in such a way that they constantly do things that take them out of their comfort zone. – They learn early that becoming a millionaire is not easy and the need for comfort can be devastating. They learn how to feel comfortable operating in a state of constant uncertainty, says Steve Siebold.

10. Fear

No amount of fear can stop millionaires from taking action. “The great operate at a level of consciousness where fear does not exist. At this level of thinking, anything seems possible. Every dream that seems crazy to the masses seems surprisingly feasible to them.”

11. Low expectations

According to an expert, the middle class sets low financial expectations so as not to be disappointed. The rich, on the other hand, have very high expectations. “No one would ever get rich and fulfill their dreams without high expectations (…) Masters don’t wait for something to happen, they make something happen,” writes Siebold.

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