Mindset really is the first step to making critical life changes in your actions, thinking and perspective. The kind of change that’s required to achieve massive of success. For example, you may be familiar with the term “Millionaire Mindset” and well, it’s called this for a reason!

How to develop a positive mindset

It isn’t until you change from a poor to rich mindset that you can make real change. This is also known as switching from a scarcity to abundance mindset.

So what differentiates the two?

Fear of failure – Rich people welcome failure as a learning opportunity, whereas poor people see failure as the end of the road. Often, if you’re never failing it could mean that you’re not stepping outside of your comfort zone. After all, the best lessons come from the biggest failures.

Fear of disproval or rejection – Rich people are not afraid of disproval or rejection like poor minded people are. Rich people don’t let this social pressure force them into conformity. They still wish to stand out from the crowd and do big things.

Thinking big versus thinking small – Have you ever heard of someone having such grand goals that small-minded people just laugh because they can’t conceive the idea for themselves? This is what separates a rich minded person from a poor minded one.

Challenges as obstacles or opportunities – Whether you see challenges as opportunities or obstacles comes back to the fear of failure. Rich people see challenges as learning opportunities rather than roadblocks. In other words, they welcome new challenges as it forces them to step outside their comfort zone.

Admiration versus envy – Rich people surround themselves with people who have already accomplished what they want to for themselves. There’s a saying that goes if you’re the smartest person in the room, you’re in the wrong room. A poor minded person would rather be the smartest person in the room. Unfortunately, they’re blind to the opportunity to learn from other talented people.

Charging for value, not time – Rich people always want to get paid for results instead of trading their time for money on an hourly basis. This is because rich people know that time is worth more than money and not the other way around like their counterparts.

Positive or negative self-worth – This refers to how you see yourself. After all, if you don’t believe in yourself, then no one else will. You need to see your skills for their true value and sell this value to potential clients.

Investing versus spending money – There’s a huge difference between managing money well and poorly. It separates the rich from the poor. Rich people see the value in investing their money rather than spending it on various expenses. Basically, you have the option to invest your money in assets that will later provide a return. Or you can waste your money on frivolous expenditures that hold no real future value.