How to Develop a Millionaire Mindset

     Hello friend, think to yourself, who is richer than you? Who has more money in bank balance? If not, who owns an  BMW, Benz car and lives in luxury? Anything you have an answer to this question May be; If not you can say you do not know. Whatever your answer is . you will understand the psychological relationship between a man and money if you notice what I am going to say. Then start looking at money and wealth from a certain angle. So let's start with a story to understand the psychology of money. 

    Morgan Hauzel, author of "The Psychology of Money", worked as a waley in a large hotel during his college days. waley may not be understood by some. Let me tell you what waley means to those who are like that. Customers at Guest Row in the big hotel stores will be standing at the Hotel Park doorstep to pick up their cars from the entrence and park them are called as waley's. The author has done a job like this during his college days. Then a Technology Extecutive would come to the hotel where he was working. He was a genius. 

•     So he was rich at a young age. No matter how much money he has, he will behave like a stupid child. How come when he comes in a costly car he has a bundle of money in the seat of that car and keeps pretending that he is rich only if someone goes to talk to him. One day at his place of work he took a lot of money to a friend and asked him to bring him a lot of gold coins from the street next door. An hour later he and his friends were playing throwing such precious gold coins into the sea after all the gold coins had arrived in them. 
•     One more I broke a lamp that was on the side when he visited the hotel. The hotel manager said the lamp was broken sir, asked if we could replace it with 500 dollars. He simply asks if it's only 500 dollars and takes this money which is 5000 dollars. He came to me and told the manager not to talk about everything like this. 
•     Such a behavior does not last a lot of days. Within a few days the person came to a state of no money. So no matter how great a technology genius you are, no matter how smart you are, no matter how smart you are at your job Psychologically and emotionally if you do not have a good relationship with money you will one day come to the middle street. You have to accept that this is a universal truth you have come into this world If health and money are one in everyone's life Great role play. 
•     Here we are talking about money rather than knowing about its finance That’s when we learn about its psychology to marry my daughter while making it cost to become a well-understood General to I was greedy, afraid that I would have to own a home. 

    Emotions like respect and dignity are money moves and calculation is not money move because it is calculation. So if you know what a man's mind is about the relationship of money then as a human being you will put yourself in a good relationship with money. So let's take a look at what I learned from the book "The Psychology of Money" as one by me

1.NOBODY IS CRAZY: 

    No one is an idiot but they have seen the world differently over time .so we must understand that everyone's life is different and your Contribution to world finance is only 0.000001% .Based on your health you will live 50-100 years. Understanding your timeline An important thing is to study exactly what economic conditions you have in the timeline You can go down in history as a great person if you make decisions according to the time line. so even the dumb luck of what period you were born into and what family you were born into must be accepted as determining whether we are wealthy or not. But if you make a decision according to that time line it will be in that period. You need to understand that you can build wealth better than everyone else.

     To understand this, author one gives an example. If we compare the stock market as an investment for those born in the 1970's and those born in the 1950's in the United States, those who were born in the 1970's saw the Bull market at a young age, so if they invested in the stock market between the ages of 20 and 30, they would have built the big wealth at a young age.  But for those who lived in the 1950's, they would have had the mentality that the stock market would not fit in at a young age. But it will appear to them as they watch the stock market rise in adulthood and see if this will also rise. Like this in Indian Context all the grandparents will say that Gold is great and our dads will say that real estate and engineering is Best.

    

 But did you know that the stock market is the go to place for teenagers of our time? Wondering what the crypto market is? Do you know ethereum Spelling? Do you know what NFT is? You can expect the answer from us that you do not know all this and have come to talk. Make decisions according to your right timeline. 

    So in terms of finance all the stories we are questioning are true but it is important that we hear all those stories in that time line if this is my situation. You should check once and for all whether it is an advice suite or not. So don't follow anyone as blind. Decide according to your life situation. Stories are true but check weather it will work for you or not

2.LUCK AND RISK:

    

     Life of a human being is not a simple equation of x + y = z. In this chapter we learn from Bill Gates that luck is a major factor in making hard work and dedication a part of doing what we think because life is a complex matter like Calculus. We all know that Microsoft is responsible for Bill Gates wealth and success but we know him because of his success but if he fails we will ask who is Bill Gates. Makes you understand. Bill Gates attended Lake side school in Seattle, USA. The only school in the world at that time had a computer. He was then of high school age. According to the United Nations, in 1968, 30 million people were in high school, of which approximately 2 million were from the United States. 250,000 lived in Washington. 1,00,000 lived in the Seattle area. 300 people attended lakeside school, of which Bill Gates was the only smart student to spend money on a computer. 

    In those days computer access was not available to those who were smarter than bill gates. He has that sharp mind in the 300 students who are filtered out of millions of high school students has been. That is why he was able to use the opportunity of Computer for Benefit .You have Bill Gates Do you know the story of Kent Evens who could not use all the opportunities available? When he was studying at Bill Gates lakeside school he was not equal. Kent evens was the best student than Bill Gates. Microsoft was discovered by Bill Gates and Paul Ellen at the same lakeside school. But even though they are both Smartpeople, the third person in the group is Kent Evans. Kent evens and Bill Gates are best friends. But kent evens name is not popular because he is not successful that is the reason  because luck is not on his side so he falls down and dies while climbing in mountain. 

•     Even if 300 people out of 30 crore high school students get a chance to be so successful, if they are not on the variable side of some times luck will also come and our life will be custom. So we should also consider the luck .Life we ​​must be ready to accept that the worst case scenario. 

•     Investing is also similar analysis in this world Everything can be done by the company It can be done by all the likes and dislikes of the element of luck in life and if you do not have the right mind set you invest You will soon be able to sell stock or hold a damb stock forever. No one knows when any matter will happen inside a human brain. Your mind You can not understand why you made this post. 

•     This is why the author of the book "The Psychology of Money' says that to understand money you need to read Psychology rather than finance. The author gives an example to understand this concept. To understand this concept the author Benjamin Graham who wrote the book Intelligent Investor is one of the greatest investor of all time. The author says that I have learned many things from him. 

•     But if we look at the investment portfolio, he is investing in geico stock. Geico is the major reason for his success. He Broke his rules in geico. No one knows what he thought of me as Psychological in mind when he bought Geico Stock. We need a talent to understand so Luck and skill. 

•     If there is a sucess in life, be happy to see him .success for normal people who were born in America and north korea are not the same. We need to understand always don't learn about extreme success person, learn about average success stories and that people know how to survive in tough time. To make it asusual our Indian mind set is of little use. 

•     So what we need to know from this post is that if a person is an extremely successful person when he is playing a major role in life luck , develop skills and become lucky by grabbing opportunities at the same time learn to survive .but don't settle at the survive stage and try to learn more things.