Hi, for the first time ever, I've decided to come out of the closet and share some amazing secrets of  self -made millionaires living in Monaco.

So who are these people?  How did they make it?  What's take to become wealthy?

 

Each week I will be revealing  the secrets of those millionaires, their secrets which will surely inspire you to reach out, build your own fortune and live your own dream.

 

Let's start..... !

 

 

No.1  Money-making mentality

 

If you want to be successful and wealthy learn to challenge conventional wisdom , question your own beliefs about money.  If it sounds too good to be true, it probably is.

Wanting to be wealthy is a crucial first step. Get rid of poverty thinking - There's no shortage of money on planet Earth, only a shortage of people who think correctly about it.

Another biggest obstacle to wealth is FEAR. People are afraid to think big, but if you think small, you’ll achieve small things and vice versa.

 

No.2  Risk Taking

 

Average people have a tendency to think in black-and-white terms while the world of wealthy thinkers is almost entirely made up of shades of gray

Self-made millionaires get rich because they're willing to bet on themselves and project their dreams, goals and ideas into an unknown future.

It’s one of the toughest challenges for people to think differently —to challenge the status quo.

Most people are risk-averse, I call them satisfiers. As much as we celebrate independence in Western cultures, there is an awful lot of pressure to conform. Why? Because Satisfiers avoid stirring things up, even if it means rejecting a good idea.

I've watched people with the most interesting, the most “out of the box”—ideas be ignored or ridiculed in favour of those who repeat an established solution.

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No.3  Time is Money

 

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.

 

No.4  Understanding mass psychology

 

Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.

The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe

This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage

 

No.5  Acquiring knowledge

 

Average people would rather be entertained than educated. Rich people would rather be educated than entertained.

The rich read, and have been doing so for hundreds of years. Until about a hundred years ago, only royalty, the powerful and the rich could read while the rest of the population was kept in the dark. The lack of knowledge means lack of progress and also lack of wealth.

I thought the late great Zig Ziglar summed it up perfectly:  " Rich people have small TVs and big libraries, poor people have small libraries and big TVs" ,

 

No 6. Surround Yourself with Successful People

 

The sad truth is - You can't learn how to make money from someone who doesn't have much.

You need to know what successful and wealthy 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?

Who said "Money does not buy happiness" ?  I guess, they just don't know where to shop.

 

Next week I will be revealing more specific tips on Monaco Milionaires ... So stay tune !