The final and one of the most important wealth habits is to…

Respect and Love Money

I don’t mean loving money to the extent that you are a slave to it, but but loving money for the good it can do for you and the people around you. Most people I share this with often respond by saying, “Well, of course I love money! Of course I respect money.” Who doesn’t? If I didn’t love money for what it can do, I wouldn’t be reading this article.

Well, there are many people who consciously desire to be rich and know that money is important. However, at a deeper level they may not realize that their subconscious mind either holds many limiting beliefs about money or associate lots of negative feelings towards money. These negative associates cause them to repel money and prevent them from becoming rich without even realizing it. Everything Starts From Your Mind.

Do you feel that although you consciously desire to be rich, but something holds you back? Have you experienced working hard to achieve your goals. However the moment you start getting results and seeing your wealth increase, you tend to go into the pattern of sabotaging it? Like the moment your bank account hits a certain amount, you start losing your motivation until the money dips below a certain level then you start working hard again?

It’s like your subconscious mind is preventing you from going beyond a certain level of wealth. I know of some friends who say that the moment they get a certain amount of money, they will tend to spend it away or lose it. If you are experiencing the same phenomenon, it is because subconsciously, your mind doesn’t want you to be rich. Again, its either because you have a lot of negative associations towards money or many limiting beliefs are holding you back.

As many of us grow up, we may unknowingly pick up many limiting beliefs and painful associations towards money from our family members, friends, teachers and relatives. Many people are taught that if they think about money or desire money, then they are being ‘money faced’ or’ money minded’.

As a result, their subconscious starts associating thoughts and desire for money as being a bad or evil. Have you been taught to believe this as well? Because many people who come from working class families see their parents working so hard for money, they subconsciously believe that working hard is the only way to make money. Their belief causes them to fail to realize that big money is from ideas and not just hard work. Your Beliefs Determine Your Success.

When they see $10 being offered for $2 they think that it must be some sort of trick or that they will be cheating. What they don’t realize is that there are opportunities like this everyday! Warren Buffett made his billions by buying companies at half of what they were really worth. He was buying $10 stocks for $2. Entrepreneurs make money by buying something a lot cheaper than what it is worth, re-packing it and sell it for ten times the price!

If you come from a poor or middle class family, there is a good chance that you may have been taught that ‘money isn’t everything’, ‘money doesn’t grow on trees’, ‘rich people are greedy’, ‘money is not important’, ‘if you have a lot of money then people will cheat you’, ‘investing is risky’, ‘money will change you’. As a result, your subconscious mind associates so much fear, hate and negative feelings towards money that it will stop you from ever becoming rich.

You may feel this inner power struggle inside you such that although you set your goals to become rich, but somehow, you sabotage your own success every time you achieve a certain level of wealth. Your inner mind won’t allow you to become rich as it would give you more ‘problems’ or make you into a ‘bad person’. However, you have to understand that your friends, parents or teachers may have taught you all these things because they probably thought they were passing on good advice.

Their parents and teachers probably taught it to them as well, and that is why they have never become rich. Very often, they also choose to believe all these negative things about money because it helps them to justify their own lack of money. When someone says, “Well… money isn’t all that important anyway”, they are just consoling themselves. When someone says, “I love my family and that’s why I have no time to make money”, they are just giving themselves justifications.

So, it is really important for you to stop for a while and really reflect about the inner feelings you have towards money. I know that consciously you respect and love money for what it can do, but I want you to set aside your pre-judgments and really think about the subconscious beliefs and feelings that you associate with money.

Only by adopting new empowering beliefs to your subconscious mind, you can then become a money magnet and attract tons of money to your bank account.

There you have it, the last millionaire habit that you have to practice. All thanks to my favorite wealth and success teacher, Adam Khoo. You should know that wealth comes from the inside, not outside. You will first need to have the million-dollar mindset before you can attract and make a lot of money. Therefore, I strongly recommend you to steal Adam’s Secrets of Self-Made Millionaires, it is the book that can change your life forever.

==> You can straight away download the complete version of The Nine Millionaire Habits here in PDF, without having to go all over my articles.

All thanks to Adam Khoo, my favorite success and wealth teacher. Thanks to his book, Secrets of Self-Made Millionaires, only then you will be able to read this interesting articles.

So, the millionaire habit #8 is about…

The Ability To Accept Failure And To Turn It Into Success

Most people have the impression that successful people never fail and that millionaires never lose money. As a result, many people fear failure and shun those who have flopped. This is a huge lie and distortion that prevents people from becoming rich. The truth is that everybody fails at one point or another. In fact, millionaires fail more times than anybody else because they take so much more action. You have to Multiply Your Failures and You Will Succeed.

So mark my words, you will fail many times before you ever succeed. What’s important is what you do about failure. This is the critical habit that makes the difference between the rich and the poor. There are three ways people respond to failure. The first group of people get so disappointed by their failure that they just give up! They would say, “I tried it but I failed”. They see failure as the end of the game, as the final verdict that they are not meant to succeed.

They give themselves reasons like ‘Maybe I’m not good enough”, or “It is just too difficult”. Have you ever been guilty of doing this before? Sure enough, this way of responding to failure will see many dreams fade away. The second group does not give up that easily. When they reach their outcome, they would say, “Let me try again. Let’s not give up”. So they quickly get on their feet and try again. If their business fails, they go start another business. If they lose money investing in the stock market, they will go and try to buy different stocks. Will they eventually succeed? The answer is “No”.

Why? It is because this group may try and try again but they don’t change their strategy. They keep making the same mistakes, doing the same thing again and again. Sure enough, they keep getting the same disappointing results. So what happens after a while? They eventually get so frustrated and tired that they too will throw in towel. Some may even begin to accept mediocrity and fear to dream of anything better.

Success is the result of good judgment. Good judgment is the result of experience. Experience is the result of bad judgment. Anthony Robbins

Millionaires approach and perceive failure very differently. When they don’t reach their goals, millionaires do not see themselves as having failed. Rather, they see themselves as getting a learning experience! To them, failure is not the end, but only a detour. They see it as feedback that they are not using the right strategy. They then take this feedback, learn from the experience and change they strategy!

If changing strategy does not get them the result, they will once again get more feedback, change their strategy and take action again. They keep doing this again and again until they get the results they want! They will do whatever it takes UNTIL they succeed. By doing so, they turn their failures into success! Your Fuel To Success, Commitment.

My policy is to learn from the past, focus on the present, and dream about the future. I’m a firm believer in learning from adversity. Often the worst of time can turn to your advantage, my life is a study of that! Donald Trump, after turning around his $935 million dept into a $3.7 billion fortune.

Very seldom do millionaires achieve their success on the first go. Many achieve their financial dreams only after countless learning experience and setbacks. However, many agree that if not for those ‘learning experiences’, they would never have found the solutions to their outcomes.

Sim Wong Hoo, the founder of Creative Technologies did not succeed until numerous business failures. His first idea was to develop and sell the Cubic CT, the world’s first multimedia PC. After spending countless of hours and hundreds of thousands of investment dollars on the product, it turned out to be a dismal failure. Instead of beating himself up and finding lots of excuses, he saw it as feedback that the market was just not ready for the product. It was just too expensive and complicated for its time.

What did he do? He went back and changed his strategy. Eventually, after even more failures, he finally came up with the idea of a low cost sound card called “Sound Blaster”. And that one idea turned Creative Technologies into a billion dollar global company. You see, all you need is only ONE great idea that will make you your fortune. However, that ONE great idea hardly ever comes the first time around. It only comes after lots of bad ideas.

So can you see now? If you want to be a millionaire, then you will have to practice this habit, the ability to accept failure and turn it into success. If you are going to ask me which wealth books that I will recommend you, I will tell you it MUST BE Adam Khoo’s Secrets of Self-Made Millionaires without thinking much.

==> You can straight away download the complete version of The Nine Millionaire Habits here in PDF, without having to go all over my articles.

Let me ask you this question, “Do you want to be rich?”, “Of course, that’s why I’m reading this article!”, you may say. Let me ask you the next question, “Are you 100% committed to be rich?“.

You see, there is a very big difference between wanting to become a millionaire and being 100% committed to becoming a millionaire. When you merely want, wish or hope to achieve a goal, it will rarely happen. Think about it. Everybody wants to be financially free, but very few ever make it happen.

This is the millionaire habit #7 which you must adopt!

Be 100% Committed

Studies after studies have shown that people who achieve phenomenal success and wealth did not just want it, they were 100% committed to achieving it. When you are 100% committed to a goal, it is no longer a wish, a hope or a want… it becomes an absolute MUST. You see, when something becomes an absolute MUST to you, it gets you to operate from a totally different frame of mind.

When something is a MUST, it will become your number one priority and nothing will ever come in its way until that goal is accomplished. When something is a MUST, you will do whatever it takes to get it (within limits of integrity of course). Even if it means stretching way beyond your comfort zone and investing time, energy or money, you will do whatever it takes. Read Your Fuel To Success, Commitment.

I believe that when you are willing to do whatever it takes to get something, you will always find a way. And if you cannot find a way, you will make a way. For example, when George Lucas (millionaire at 28 and creator of Star Wars) wanted to revolutionize film-making by creating the special effects required for the space battle scenes for Star Wars, the technology did not exist. Everybody told him that what he wanted to do couldn’t be done.

Instead of accepting the comfort of reality, his total commitment to making his dream come true was to set up his own company, Industrial Light and Magic to create the special effects required for his own movie. However, when you merely have a weak ‘wish’ or ‘hope’ for wealth, you will never attain it. Why? This is because the path to achieving any goal and creating wealth is never easy.

In fact, it is extremely challenging and difficult. I can bet you that when you begin on your path to financial freedom, there are going to be huge obstacles and challenges that will get in your way. All the problems that you can possibly think of will come to test your faith and endurance and to stretch you out of your comfort zone. You will find that at certain points of time, you will lack the money and lack the energy. You may encounter people discouraging you, friends leaving you and things not going as planned.

If it is merely a ‘wish’ that you have to become rich, chances are that you will eventually give up and find lots of excuses of why it cannot be done. This is because those that merely ‘wish’ for success are never willing to stretch beyond their comfort zones and do what ever it takes to overcome all their challenges. In addition, when something is merely a ‘want’, you will find that your mind will be filled by a dozen other ‘wants’ that will take away your time and attention.

After a while, you will find you will find yourself being distracted by other things that come your way. Has this happened to you before? So, the only way you will ever achieve your goals of becoming rich is to make it a MUST for yourself.

How To Make Your Goals A “Must”

The trouble is that becoming financially abundant is rarely a must for most people. It is merely a wish. However, it is always a must to survive… and that is why most people merely survive. So once again, to achieve all your financial goals, you have to make them a must for yourself. How do you make something a ‘must’? The answer is by putting yourself on the line. When you put yourself in the situation where you give yourself no choice BUT to succeed, you very often will.

If you study the life stories of millionaire history makers, many of them came to a point in their lives where they put themselves on the line and staked everything they had. And because they had NO CHOICE but to succeed, they often did it against insurmountable odds. Lack of drive after setting goals and procrastinate? Read 3 Action Keys Toward Your Goals.

The only reason that the movie Star Wars came to existence is because George Lucas was 100% committed to making his dream come true. Many people have the perception that Lucas was just a genius who was fortunate enough to dream up this naturally successful movie. If you read about the history of Star Wars, you would know that up to the day of its release, everyone believed that it would be a major flop, including the actors!

During the production, anything that could have possibly gone wrong went wrong! At the end of sixteen weeks of filming everyone had every reason to believe it would fail. The movie had grossly exceeded the initial budget, it had overrun the filming schedule, the special effects unit could not create the desired effects and everyone had the opinion that it was a kiddy movie.

As a result, 20th Century Fox studios wanted to pull the plug and gave Lucas three days to finish 2 weeks of work that was lost. What made things worse was that Lucas suffered severe chest pains in the middle of all this and was warded for severe stress and exhaustion. Most directors would have given up and cut their losses, knowing that it was impossible to achieve it all in three days.

If Star Wars had been a ‘wish’, it would have failed there and then. But to Lucas, it was a must… he would do everything to make it happen. Lucas hired a triple crew, divided the stage into three sets and directed three scenes concurrently. Three days later, Star Wars was delivered and the rest in history. By the end of its first theatrical run, Star Wars became the most successful film in North American history. It grossed a total of $290 million and George Lucas‘ cut from the box office was more than $50 million.

As a teenager, Lucas set a goal of becoming a millionaire at the age of thirty. He was off by two years; Lucas made his millions by the age of 28. When it came time to making the sequels ‘Empire Strikes Back’ and ‘Return of the Jedi’, Lucas rejected the money offered by Fox studios. He was so committed to making the sequels an even bigger success, that he took what he earned from his first film and fully financed Empire Strikes Back for $18 million (Millionaire Habit #4 – Delayed Gratification).

Everyone thought he was crazy as the number one rule as a moviemaker in Hollywood is to ‘never use your own money, even if it is your own film’. His belief and commitment paid off. The next 5 Star Wars films generated revenues of over $20 billion and today, George Lucas has amassed a personal fortune of close to $3 billion.

Well, you don’t necessarily have to risk all your money like George Lucas to get totally committed to your goal. There are other ways of putting yourself on the line. You can put yourself on the line by making public commitments. Whenever you set a goal, announce it to everyone because you know that the moment you do so, there would be no turning back. You had to make it happen!

Interesting article? Feeling motivated and excited now? All thanks to Adam Khoo, this article is sponsored by Adam Khoo’s Secrets of Self-Made Millionaires. This is a wealth book that I will strongly recommend to anyone who is serious about building their wealth. If you are truly 100% committed to become a millionaire, then this book is meant for you. Steal Secrets of Self-Made Millionaires while you can.

==> You can straight away download the complete version of The Nine Millionaire Habits here in PDF, without having to go all over my articles.

Many people have the perception that the fabulously rich and powerful are dishonest and unethical. And who can blame them after hearing stories of how millionaire executives rip off their shareholders in scandal after scandal on Wall Street? Think about Enron, China Aviation Oil, WorldCom, ACCS, REFCO and the list goes on.

Certainly, there are unethical and unscrupulous rich people around (incidentally, their wealth and business rarely last), but the truth is that most self-made millionaires share a common habit of personal integrity. Interestingly, in the best-selling book ‘The Millionaire Mind’, author Thomas Stanley interviewed 733 multi-millionaires and asked them what were the key factors that contributed to their wealth. Ranked number one was ‘being honest with people‘.

Surprised? This factor was ranked way ahead of factors like ‘making wise investments’, ‘working hard’ and ‘having a competitive spirit’. What is integrity and why is it so important to long-term wealth?

I guess now you know what is the millionaire habit #6, it is…

Acting With Integrity

These teachings are from Adam Khoo‘s book, Secrets of Self-Made Millionaires. As you may already know, Adam Khoo is a young, self-made millionaire from Singapore. He is my favorite wealth teacher. That is why I strongly recommend anyone who are serious in building massive wealth in their life should buy his book, Secrets of Self-Made Millionaires. Think about it, by only investing a small portion of your money, you will learn all about wealth building, start from your mind until you build a successful wealth fortress.

Integrity is about being honest with others and adhering to high moral standards. It is also about doing what you say you will do. When you act with integrity, your customers, colleagues and staff will place their trust in you. They know that you mean what you say and that you will not let them down. They know that you will give them the best quality for their money and they know that you will not cheat them.

It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you will do things differently. -Warren Buffet, world’s richest man.

In a world where so many people are unethical and dishonest, build your reputation on integrity and you will have an endless supply of customers, suppliers, investors and business partners. One of Singapore’s multi-millionaire Vikas Goel, Founder and CEO of eSys Technologies, arrived in Singapore without a dollar, but managed to build a global billion-dollar company in five years.

Vikas Goel, Ernst & Young World Entrepreneur of the year awards. Click here to read more.

How did he do it? Where did he get the money to get started? Initially he worked at a company called Karma. When the recession hit in the late 1990s, Karma‘s parent company collapsed. Instead of waiting to be retrenched, Goel took the proactive step (Millionaire Habit #2) of undertaking a management buyout of the Singapore unit. In order to keep the business going, he persuaded his customers to pay him in advance so that he could use the money to buy the products from his suppliers.

The only reason his customers agreed was because Goel had built up his reputation as an honest and trustworthy man while dealing with them in the past. A few months later, he bumped into his old boss at Sim Lim Square. When he told his ex-employer that he was running out of money to sustain the business, Goldkist gave him $300,000 simply because he knew that Goel was a man who would never run away with his money.

This is the power of building a reputation of trust and honesty. That was not all. Goel also happened to meet up with an old friend and ex-customer in Sim Lim Square. When he asked for help, his ex-customer wired $1 million into his Seagate account so he could buy goods from Seagate.

As you can see now, integrity is above everything else. So, always act with integrity and you will possess one of the greatest strengths of all.

==> You can straight away download the complete version of The Nine Millionaire Habits here in PDF, without having to go all over my articles.

The most common question that people ask about getting rich is, “what is the best career or business that will make me the money money?” Is it going to be education? Food? Insurance? Network marketing? Health care? Option trading? Property? What is the best industry to be in right now?

Well, you will find that in ANY industry, there will be a minority who will be making plenty of money, while the majority will be struggling to survive. This is the teachings that you will find in Adam Khoo’s Secrets of Self-Made Millionaires book. It is a great book that I STRONGLY recommend you to steal it.

The answer for the question above is that you can become a millionaire in any industry, only if you are one of the best! If you are not one of the best, you will never become rich in any industry. You can become a millionaire in insurance, property, options trading, education, retail, food or internet marketing ONLY when you are one of the best!

So how to become the best in your industry? The answer will be by being 100 percent, absolutely committed towards our particular business or career. Know this fact, people become the best at what they do only because they eat, sleep, breathe, talk and think their business eighteen hours a day, sometimes they even dream about it. Your Fuel To Success, Commitment.

Therefore, this habit, millionaire habit #5, is…

Do What You Love

All successful individuals have one thing in common. They love what they do. And because they have such an intense passion for their particular career or business, they do not distinguish work from play. To them, their work is their play, and vice versa. As a result, they spend every single day and every waking hour working, which for them, it is playing and enjoying.

That is the number one reason that makes them the best in their industry. This is why they are their market leaders, they are the experts, and this is the reason they can make tons of money in their industry. Every successful millionaire has a love and obsession for what they do.

Some Real Life Examples For You

Tiger Woods is the best golfer in the world because he is obsessed with golf. It is his intense passion for the game that gets him to hit hundreds of balls under the hot sun every single day until he gets it perfect! It is his passion that gets him to continue competing in tournaments despite already having amassed a personal fortune of $575 million. It is not the money that motivates him. It has always been the love for the game and the love of competing.

Similarly, have you ever wondered why Bill Gates, the richest man in the world who is worth $46 billion still works 18-hour days(I know now he had retired)? Why doesn’t he just sit back and relax on the beach? The reason is because like all millionaires, what drives him is never really the money, it is the love of being at the forefront of technology. It was his obsession of ‘putting a computer in every home running Microsoft software’ that made him the best in the field. Read The 11 Principles From Bill Gates.

What about others? Donald Trump loves doing deals, Michael Jordan loves basketball and Steven Spielberg loves making movies. If you read their biographies, you will find that none of them got into their industries because they thought it was lucrative. They got in because it was what they loved to do!

They love to do it so much that they would even do it for free. This is why although they never have to work for money ever again, they keep working harder and harder. It is because it was never work in the first place. Unless you do what you love, you will never be rich.

If you find that you lack the motivation and discipline to become successful in what you do, the reason is obvious. It is not your passion! Think about it. Do you have a natural passion for something? Do you have a hobby? Like playing golf? Playing with children? Did you ever noticed that by doing what you love, the energy never stop flowing? Even if you are tired, but you will always find energy to do what you love.

This is the secret that will bring you unlimited wealth! Whenever you do something that you love, you will be naturally focused, committed and energized to work at it. When you give your best to whatever you are crazy about, you will become the best!

So you see, many people thought that they have to work so hard in life in order to become rich. They got to force themselves to be motivated. They believe that when they eventually make enough money, they can finally do what they love and enjoy their lives.

Work Hard —> Make Enough Money —> Do What I Love

If you follow the path above, it is going to guarantee that you will struggle in stress and misery in your life. When you do something purely for money instead of passion, you will find it very difficult to stay motivated. As a result, you will burn out and give up sooner than you can think of.

Instead, you must do what you love to do now. Not only will you begin to enjoy your life and be happy but you will suddenly find the natural energy and motivation that will drive you to give your best and become the best. When this happens, the money will automatically follow.

Do What I Love —> Make Money —> Continue To Do What I Love

So how can you tell if you are doing something that you love to do? Don’t worry, just go through and find the answers for these questions below, you will find out what you actually love.

• “What do I love to do? What would I do even if I didn’t get paid?”
• “If I had all the money in the world, how would I spend my time?”
• “Who are the people who have made their fortunes around this passion I have?”

Remember, do what you love and you will never work for another day in your life! No matter what industry you are in, there must be a minority who is the best in it. So look for them, then model and learn from them. These millionaire habits are brought to you by Adam Khoo’s Secrets of Self-Made Millionaires.

==> You can straight away download the complete version of The Nine Millionaire Habits here in PDF, without having to go all over my articles.