2 Insights from the Millionaires Mind
Uncommon sense from the mind of millionaires…
These tidbits of wisdom are easy to apply to your life…
Reach your financial goals quicker…really!…
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Timothy SykesHappy Saturday, Penny Stock Millionaires!
Today I’m offering you a unique opportunity to peek into the minds of millionaires with a collection of 12 insights from the millionaire mindset…
As you read through the list, you’ll discover that thinking like a millionaire isn’t rocket science.
It’s actually quite simple.
But it does take a lot of studying, hard work and discipline.
These tidbits of wisdom are easy to apply to your life, and can help you reach your financial goals quicker…really!
News flash: millionaires are people, just like you. This means that the way they think isn’t inherently different from how anyone else thinks.
However, successful millionaires have a clearer connection than average between thoughts and actions.
By applying focus and single-mindedness to every task, they are able to reach goals quicker.
While this can result in gains in every aspect of life, it is particularly true in terms of investing and making money.
Ready to get started?
Here are 12 insights from actual millionaires, as well as how to apply them in your own life...
Millionaire Insight #1
Practice Makes Perfect
Rarely are you good at something the first time you try.
Making millions is no exception…
You’re going to have a big learning curve, and you’re going to slip up and make mistakes before you find your groove.
Like anything else, prowess will come with practice. As you learn more about trading, your skills will improve, and the money will come in with less effort.
Millionaire Insight #2
Patience is Key.
This is strongly related to the previous insight.
It can be easy to be discouraged in the process as you hit pitfalls.
Be flexible enough to know when to adapt, when to hold back, and when to grow.
Know when it’s best to be a samurai and when it’s time to lay low in sniper mode.
Be patient above all...
Millionaire Insight #3
Be Skeptical.
It’s good to be an optimist, but it’s also good to keep your feet planted on the ground.
Some skepticism can be healthy when it comes to making millions.
It will keep you from getting fleeced, and it will keep you from making rash decisions.
Be sure to stay as educated as you can so that you can make decisions from a place of knowledge.
Millionaire Insight #4
See Opportunity In Any Type of Market.
It’s important to recognize that you can go long and short -- you do not have to be bullish all the time.
In other words, it doesn’t matter if the market is up or down, I find opportunities in all markets.
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Millionaire Insight #5
If It’s Complicated, Cancel It.
Are you feeling like a business deal or trade is sapping you of energy and you’re meeting resistance at every turn?
You might not want to hear this, but it might be time to walk away.
Even if the rewards are big, what is the cost to your psyche?
Make room for more positive and easy business dealings to come your way.
Millionaire Insight #6
Be a Good Person.
This is a good tip for life in general as well as one that can help you make millions.
Be a good person. Volunteer, give back to other like this, use what you have earned for good.
You will make the world a better place, and will create positive relationships that will keep you and your business healthy.
Millionaire Insight #7
Recognize Patterns.
As you make more trades, keep a log of any patterns that are emerging.
These could be financial trends that are setting up your trades, or they could be less tangible things, like you make better financial decisions after you eat breakfast.
Recognize patterns and try to let them inform your trades and investments.
Millionaire Insight #8
Keep on Doing What Makes You Money.
Ever heard the phrase “if it ain’t broke, don’t fix it”?
If you’ve found a pattern that consistently makes money, stick with it.
Try to refine it so that you can keep on doing it but in less time, and with greater efficiency.
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Millionaire Insight #9
Haters Gonna Hate (Penny Stocks).
Penny stocks are largely hated. That’s fine with me; less competition and more potential income for me (and you).
Penny stocks are what made me rich, and they have made my students rich, too. By studying how to trade penny stocks successfully, can have the shot at joining the ranks of the wealthy by learning the skills needed.
Millionaire Insight #10
Slow But Steady Wins the Race.
Don’t make rash trades trying to get rich quick.
First, learn how to make money consistently and how not to lose it.
Then, refine how you are making money and learn from your mistakes, avoiding them and minimizing them in the future to streamline your process.
Then, slowly but steadily keep on growing. Your income will grow in direct proportion.
Millionaire Insight #11
Follow the Rules.
It can be tempting to take shortcuts or veer into shady territory to make money fast.
Avoid that temptation.
You saw Wall Street, didn’t you?
Fraud is not the way to attain a sustainable career in finance.
Even if the riches come slower, it’s important to have integrity.
Millionaire Insight #12.
Keep Learning.
Keep on learning every day.
Learn from every financial source you can: financial papers, stock analysis, business news, international news. Read this e-letter for motivation and tips.
Make reading and research part of your daily routine.
You’ll stay fresh, inspired, and will be able to make more educated investments.
Many of these insights might partially sound like common sense.
It’s absolutely true: many of them are, but it’s common sense that few of us apply to our everyday lives.
By keeping these insights as reminders of good ways to conduct ourselves, there are many rewards both in personal growth and in financial growth to be reaped.
By maintaining focus on the goal and applying these insights into your own financial goals, you will reap rewards both financial and personal…
After all, my whole goal in life these days is to create more millionaire students!
Best,
Tim Sykes
Editor, Penny Stock Millionaires
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