One of the things that came to light regarding my writing my first book, How to Start a Business: Mac Version, especially after I published it, was realizing that the first part of my book was weak. As with building a house or creating a new product or service for your business, I found that having the right foundation begets success.
You have to have at the right mindset.
It does not matter whether you’re right brained (feeling, creative, passionate, or emotive), or left-brained (analytical, science, data, reason, logic, or thinking), what matters when it comes to starting your business is ensuring that you start with the right mindset. Not only to earn a living, but creating wealth.
My parents were good parents, but losing both of them in recent years I have found that while they modeled good life habits, their habits were limiting habits. Their life model was: Get a degree, get a job, work for 40 years, then retire.
Work versus Wealth Mindset
Very few words were spoken about prosperity or wealth in our home. We were encouraged to get a good job, work hard, and continue this until we retired. But create wealth? Nary a peep. Bottomline: My parents only taught what they were taught and what they knew, so improving on their views of their wealth mold would take effort.
At a family cookout with my mother’s father, my wife and I told my family that we wanted to become millionaires. My mother replied, “You shouldn’t be rich, you need to help others.” My grandfather quickly spoke up, “What do you think a millionaire does when he hires others?” She quickly quieted down.
It seems my parents had a wealth issue. Since my grandfather and parent lived through the Great Depression, they could EARN money, they didn’t know how to CREATE wealth.
The book by Thomas J. Stanley, The Millionaire Mindset, really helped me set the stage for my current wealth trajectory. There were two stages of wealth creation that I have observed.
- Wealth versus Work mindset. Getting a job and working hard is the first step toward creating wealth, but it’s also about seeing opportunities, having an opportunity mindset, which is significant to creating wealth. It’s about working hard and smart at the same time.
- A business mindset is for both a business and a home. While most less successful business owners can become successful earning a good living, creating wealth is about bringing home the great business acumen and principles and applying them to your home life, too. Most cases, business people create wealth in the marketplace, but spend their wealth in their home.
Your mind is like soil, what thoughts you plant in it will grow, so make sure you plant good, wealth-creating thoughts, and watch your wealth grow.