By and large, your thinking determines your success. That's why the uber-successful understand the importance that mental habits and routines have in their wealth creation.
They won't cause your bank account to magically grow overnight, but as someone who went from $200 and no job to millionaire CEO, trust me when I say that the right shifts to your mental routines will eventually have an impact.
Start making these mental shifts today, and see just how far they take you:
"If you cannot control your emotions, you cannot control your money." --Warren Buffett
Much like you shouldn't go shopping when you're hungry, the wealthy avoid making financial decisions when they're emotionally charged. For instance, when there's a temporary stock market dip or shocking financial headlines, investors like Warren Buffett don't react emotionally.
Instead, their cool and calculated views allow them to reap profits over the long term.
Whether it's avoiding binge-shopping online or staying invested in your 401(k), realize that harnessing your emotions will reap big returns.
Thomas Corley extensively studied the habits of millionaires across the globe, and he found that without fail, wealthy people devote at least 30 minutes a day solely to thinking.
How long do you actually spend thinking instead of just doing? For instance, on a busy day, most of us are guilty of jumping right into our emails, instead of prioritizing and figuring out which tasks will most grow our business or career.
One might think that the constant pursuit of more wealth would leave top-performers constantly unhappy with what they currently have. In reality, the opposite holds true. Studies have found that grateful individuals have a 10 percent higher overall income.
A big part of this comes from viewing luxury differently and not correlating more income with more spending. You'll also reap a slew of priceless benefits from gratitude, such as improved health and better relationships.
So instead of being unhappy with your phone as soon as the next model comes out, try using this mindset. The results will surprise you.
As Albert Einstein once said, "Learning is not a product of schooling but the lifelong attempt to acquire it."
Well after they graduate school or finish job training, mega-moguls don't stop their pursuit of more learning. In today's ever-evolving world, the quest for more skills and information will always pay off.
Don't know where to start? I recommend the 5-hour rule: Spend at least an hour each day learning something random outside your job description.
Richard Branson used a specific decision-making tool, known as a decision stream, to help him become a billionaire. The key is to "never rush into anything" and extensively weigh the pros and cons of each choice.
You don't have to come up with a huge list for every single decision, but you should be mindful of avoiding rash choices.
The first step to making smart, calculated risks and reaping the returns involves pushing through your comfort zone. Don't let the fear of the unknown prevent you from achieving further success.
I'm not saying you must go bungee-jumping every day; like any new goal, you can start with baby steps. Read that first book on finance or invest your first dollar, and before you know it, the unfamiliar won't seem as daunting.
You need to believe in yourself because nobody else will. "Success, fulfillment and happiness are the natural order of existence," says Steve Siebold, who studied millionaires for decades. "This single belief drives the great ones to behave in ways that virtually guarantee their success."
You need to believe in your success and ask, "Why not me?" From investing your first dollar to starting a business, only you can make it happen.
Elle Kaplan is the founder and CEO of LexION Capital, a fiduciary wealth management firm in New York City serving high-net-worth individuals. She is also the chief investment officer and founder of LexION Alpha.
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