‘Wealthy people think and act in certain ways.’ -Wallace Wattles Learning to think like wealthy, successful people is the first step to being able to act like they act so you can duplicate their results in life and business. This category of posts is dedicated to the conditioning of the mind into wealth consciousness.
One of my favorite mentors, Jim Rohn, said ‘You should set the goal of becoming a millionaire, not for the million but because of what it will make of you in the process.’
But then, Andrew Carnegie told Napoleon Hill that not everyone should set up the goal of becoming a millionaire, because for some, it would cost too much.
A while back a friend asked what my definition of ‘millionaire’ status was.
Being a millionaire, in my book, is all about net worth.
Net worth: The value of your assets minus your liabilities (debt)
If you have a house that’s worth $300K and you owe $250K, your net worth in this example would be $50K.
In years past gathering my financial data for my accountant was a 2-3 day affair.
I just finished that entire process in just about 2 hours.
Part of the reason it went so fast this time, was because I’ve been keeping business books with QuickBooks online for my businesses.
Instead of spending hours trying to gather and categorize income and expenses, I just went to my QuickBooks Online account and saved a Profit And Loss statement for the year, and emailed it to my accountant.