TOP 60 MILLIONAIRE MINDSET

 TOP 60 MILLIONAIRE MINDSET


1. Have a big vision 

2. Learn (personal development

3. Overcome fears

4. Start with gratitude 

5. Endure pain

6. Understand your industry 

7. Don't be a know-it-all person

8. Build work life integration (be discipline) 

9. Get out of your comfort zone 

10. Make commited decision

11. Build self esteem

12. Be driven by a why

13. Don't be negative (be positive) 

14. Do what wortk for you

15. Practice martial arts (if you can)

16. Don't make excuses

17. Don't fear failures

18. Overcome adversities

19. Master communication skills

20. Be yourself.


21. Build great habits

22. Don't allow your personality to hold you back

23. Redefine failure (call it feedback)

24. Influence, persuade & inspires others

25. Don't care what others think 

26. Seek advice from mentors/coach

27. Ignore the haters 

28. Don't let ego hold you back

29. Play it smart (Burn de ship)

30. Never give up

31. Don't use hope as strategy 

32. Know how to close 

33. Be confident 

34. Stop saying I can't 

35. Invest in yourself first

36. Embrace the failures

37. Get more customers

38. Be on the right part 

39. Find the right mentors

40. Value yourself

41. Change your environment 

42. Develop valuable skills

43. Change the way you think about money

44. Hold yourself accountable 

45. Do what you love 

46. Stop using the word "try"

47. Take action now

48. Expand

49  Travelling is essential

50. Have fun in the process

51. Create a legacy

52. Determination

53. Be devoted

54. Be resilence

55. Develop workaholic mentality

56. Develop quality relationships

57. Be honest to your words

58. Focus but don't be myopic 

59. Look and carry yourself as unstopable

60. When you feel like quitting remember why you started

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Add any point you feel needed to be add: 

Get Rich or Die Trying

Get Rich or Die Trying. It was Bill Gate who wrote, “If you are born poor it’s not your mistake, but if you die poor it’s your mistake.” So to be born poor is not a sin but to die poor is a sign of lack of knowledge.

Dr Olumide Emmanuel will always say, “Everybody can be rich but not everybody will be rich. Everybody can be wealthy but not everybody will be wealthy. The simple reason is that not everybody will know what they need to know, not everybody will do what they need to do. The problem is always ignorance, laziness and lack of action.”

Fela Durotoye admonished, “It is because you are managing, that’s why your situation has not changed”.

This title is similar to 50 Cent’s debut album “Get Rich or Die Tryin”. 50 Cent’s literally couldn’t make an album like it again. The anticipation for Get Rich’s release was so high that Interscope Records rushed it out five days before its scheduled Feb. 11 date 2003.

Prior to the release of his mix-tape, Curtis Jackson, also known as 50 Cent was an aspiring rapper who grew up on the streets trying to earn a living by hustling and selling drugs. Eventually he was thrown into prison where he used that time to write lyrics for his upcoming albums which eventually was picked up by Eminem.

An interesting fact to note is that while 50 Cent was building his music career early on, he was involved in a drug battle which resulted into him getting shot 9 times throughout his body in Queens, New York on May 24th, 2000.

Most people would give up at this point and hold back in pursuing their dreams but 50 Cent didn’t. Instead he survived, fought on and used his experience to push himself forward to becoming one of the most influential rappers in the music industry.

I read a lot of stories about people who were faced with death and they usually embark on a spiritual journey whereby they reach enlightenment and realise their true purpose. I guess 50 Cent went through that process and used it as his driving force towards anything he focused on.

When you go through a traumatic experience such as being shot at gun point and surviving it, I guess the usual fears we all have dissipates because nothing can really match that experience.

Now you don’t have to get shot 9 times to get rich or become successful so instead, I’ll share with you the secrets of self-made millionaire and billionaires.

Because the secrets of men are in their stories, until you know what they know you wouldn’t get what they get. I want to believe that those who are listening to me are either millionaire or potential millionaires.

 But before I go further, listen to this, it is better to be impetuous than cautious in pursuit of fortune because fortune is like a stubborn he goat, and if you wish to dominate him you must beat him and batter him. It is clear that he will let himself be won by men who are impetuous rather than by those who tread cautiously.  

                                        The Law of Cause and Effect

AfrAsia Bank Wealth report of 2018 cited that 71,000 millionaires are living in Nigeria, 320 centi-millionaires, and 25 billionaires. The total private wealth held in Africa is expected to increase by 34 percent over the next ten years, with the possibility of reaching USD 3.1 Trillion by 2027. When we think of wealthy individuals in Nigeria some names come to mind such as, Femi Otedola, Mike Adenuga, Aliko Dangote, Tony Elumelu, Bola Ahmed Tinubu, Igho Sanomi, Oba Otudeko, and Folorunsho Alakija etc.  

Have you ever paused to think about their habits? You see, successful people all do similar things. As Brian Tracy would say, Success leaves tracks.” The wealth you desire will not fall on your laps like ripe mango fruits, there are certain practical requirements and responsibilities you have to meet and carry out before you can have it.

01. Dream Big Dreams: To succeed in life your dream must be big enough to make you rich at the end of the day. It should be convincing enough to push you off the bed by 5 am. It has to be simple enough for a 6 years old child to recite it, comprehensive enough to be documented and very plain, such that anybody who sees it can run with it.

Your dream should be sparkling enough to take your breath away, and if your dream doesn’t scare you, it’s probably not big enough. Your dream should be big enough so that when you announce it, people will say you are crazy. Your dreams should be big enough to involve God in the fulfilment of it.

02. Believe in yourself: The abode of riches isn’t easy, so if you want to be rich, you’ve got to believe in yourself. The world’s most wealthy people have unshakeable confidence in themselves and in their vision. Without it, they would have given up too easily after a few obstacles got in their way.

How is your confidence? Do you believe you can be rich? I’ll tell you something in case nobody told you before: You can do whatever you want in life, you’ve just to first believe it, and then work like mad to get it.

03. Make a committed decision: (Reach a Point of no Return). Decision not condition will make you rich. Burn that bridge and damn the plan B mentality! The story of burning the ships is as relevant as ever. In 1519, Hernán Cortés arrived in the New World with six hundred men and, upon arrival on the shores of (what is today) Mexico he gave the order to his men to burn the ships. This sent a clear message to his men: There is no turning back. Two years later, he succeeded in his conquest of the Aztec empire.

What Cortés did was force himself and his men to either succeed or die. Retreat was not an option. I believe that to truly achieve the level of success we each desire, there are times when we need to ‘burn the ships.’

04. Develop a Clear Sense of Direction: You need to be intentionally-goal oriented. You’ve got to know what you want in every area of your life, and decide how much exactly it is that you want; write it down and make a plan to get it. Determine the price you have to pay to get it and resolve to pay that price, because you have to pay the price ahead. Brian Tracy is the master in this area, he will ask his audience to remove a sheet of paper, write 10 goals inside it and choose one major goal out of them and work on it immediately. 

05. Be Hungry, Be Obsessed with Strategies and Be Resourceful: Hunger is the greatest motivator of action, and action is the key to success. When you are dying of hunger, you will do whatever it takes to get yourself a meal. And if you don’t succeed, you will die trying. If we truly want to be great, to do great things, and to find success in life however it might look to each of us, we need to stop snacking and let those hunger pains push us a little harder.

And there is not a more important trait to possess than resourcefulness in the pursuit of riches in life. With a resourceful mind-set we’re driven to find a way. There is no waiting. We’ll always try to find a way, always!

06. Dedicate Yourself to Lifelong Learning (personal development): Rich people never stop learning. They believe that learning never ends. This doesn’t mean they’re going to school to get new degrees, although they may. Even without formal education, they’re constantly reading and learning from others around them, perhaps from books, trade magazines or conferences, or from others who are ahead of where they want to be. To become a self-made millionaire you are going to fail and fail again but you must not give up the enthusiasm. And to become an unshakable optimist you must be committed to painful detour of personal development and self-growth.

07. Develop a Workaholic Mentality: Have you ever met someone who is super-rich and lazy? Neither have I. The truth is that the road to riches is paved with hard work. If you want to achieve great wealth, you’ll need to wake up early, stay up late and put in your time. Success doesn’t just come to those who want it. You’ve got to pay your dues. Aliko Dangote once said that in the first 13 years of his business he never took a vacation.

08. Get Around the Right People: If you want to be wealthy, hang out with wealthy people. If you want to be funny, hang out with funny people. And if you want to be poor, hang out with poor people.

The truth is that people naturally mimic the behaviours of those around them. Mind-set is contagious. So if you want to be a very rich person in life, spend time with others who are already rich. Don’t know anyone who is rich? That’s okay. You can read books written by them or about them. Listen to their radio interviews or watch them on TV. Attitude and success is contagious, so catch it by hanging around some of the great people.

Earlier this year, I planned to attach myself to one of the foremost motivational speakers in Nigeria and today I’m happy to say Fela Durotoye is my mentor.

9. Develop the Qualities of Courage and Persistence: Rich people persist until they achieve riches. Obstacles to success are normal and should be expected. However, you can decide when you are committed to success that you’re going to persist no matter what obstacles arise.

Go around them, go over them, or push through them, but persist no matter what happens. That is what successful people do, and so should you if you want to be successful. You must be prepared to climb from peak to peak.

10. The Quality of Self-discipline: The quality of self-discipline is a habit, a practice, a philosophy and a way of living.  All successful men and women are highly disciplined in the work they do.  All poor men and women are undisciplined and unable to control their behaviours and appetites. 

And when you develop the same high personal discipline possessed by the most goal-oriented successful people in our society, you will very soon become successful and rich.

In summary, none of the secret of riches will work unless you do. As Vince Lombardi would say, “The only place success comes before work is in the dictionary.” Be motivated to build your wealth. 

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THE FUTURE OF WORK: SKILLS REQUIRED FOR CAREER PROGRESSION

 According to the World Economic Forum’s “Future of Jobs” report predicts the loss of 75 million jobs by 2025. But it also predicts the creation of 133 million jobs thanks to the digital revolution. A positive balance of 58 million jobs; pretty optimistic, right? So what that tells us is that there is going to be job disruptions. That’s some jobs would be lose temporally and other jobs would be open on the larger scale.   

 

As advancing technology, artificial intelligent and pandemic continue to impact the workforce, acquiring or strengthening important job skills can make the difference between career advancement and stagnancy. Hence, continued learning is necessary in today’s competitive job market, where people are not only competing with each other, but also with advanced machinery.

 

We could call these (Transferable Skills) because they can be adapted between jobs; they are not specific to a single role. Building these skills will greatly expand your career options because they have broad appeal to potential employers. It is important to develop a Personal Brand at work or towards your career.

Below are the key skills that you should develop to ensure you’re on the right path to career progression:

1. Communication (Listening, speaking, writing & observation) and networking skills 

It is important to display excellent communication skills in your relations with colleagues, your employer, clients, and beyond. Good communication is about conveying thoughts and ideas effectively, as well as listening to others and understanding what they are attempting to communicate.

Key communication skills include:

•      Speaking effectively and writing concisely

•      Listening carefully and providing feedback

•      Expressing ideas and feelings constructively

•      Negotiating with and persuading others

•      Presentation and training skills

•      Written communication – email, digital media savvy and report-writing

Also, Employers value personable candidates who can display first-rate networking skills, as these are constantly used in most workplaces. You never know where your next job lead might come from: building a big network of acquaintances increases the chance of job opportunities occurring.

From meeting a colleague in person, to posting on social media networks, your communication skills are continuously on display. Make sure that your communication style matches your personal brand and that you come across well through all mediums.

2. Leadership and management skills

Effective leadership and management is about directing and motivating others to achieve individual, team and company goals. If you have aspirations to progress higher within your organisation, focus on finding opportunities to take the lead on projects and showcase your managerial ability. Develop leadership skills by showing how well you can manage others.

 Key transferable skills include:

•      Managing groups and delegating responsibilities

•      Planning and coordinating tasks

•      Solving problems and managing conflict

•      Making and implementing decisions

•     Motivating, coaching and training others

Businesses are constantly changing and evolving; they need employees who can respond to external influences, showing leadership through times of change. Candidates who show that they’ve been proactive or innovative when responding to difficult situations are able to impress recruiters or promoters with their leadership and management skills.

3. Planning and research skills

Planning and research skills enable you to articulate needs and formulate a strategy to accomplish specific objectives. Many roles require these skills, and employers look for candidates who are proactive in being able to carry out cross-channel research. Keeping ahead of industry developments is key and employers value individuals who are proactive, and understand the best sources to research relevant projects.

Top skills in planning and research can include:

•      Using tech tools to streamline processes

•      Identifying needs and required resources

•      Setting goals and identifying courses of action

•      Gathering relevant information and evaluating results

•      Forecasting, predicting and monitoring situations

•      Analysing, interpreting and disseminating information

4. Teamwork and interpersonal skills 

These skills are about the contribution you make to groups and the way you relate to and interact with others to achieve a common goal. Employers highly value this skill, as most job roles require you to work with others on tasks. Employers are looking for candidates who will make the transition to a new team stress-free.

Key skills in this area include:

·         Stakeholder management skills

·         Sharing credit and accepting responsibility

·         Contributing and encouraging the ideas of others

·         Developing rapport and respecting other opinions

·         Negotiation and influencing others

·         Modifying communication to suit the situation (flexibility)

5. Self-management skills 

Self-management is about how you direct your own activities toward the achievement of objectives. Employers are looking for candidates who can get jobs done efficiently, and through self-motivation.

The skills in self-management include:

·         Agility and ability to prioritise tasks on your own

·         Change management and the ability to thrive in a changing environment

·         Setting goals, meeting deadlines and solving problems

·         Working well under pressure and accepting responsibility

·         Ability to get along well with others

·         Self-evaluation and decision-making

When considering which skills to focus on developing, also be mindful of the specific, technical skills your decision maker will be looking for. Stay up to date with industry publications and trends so you know what skills are particularly valued in your career.

Jobs often have specific technical requirements, so look for resources or courses to upskill and make sure you stay up-to-date with developments in your industry.

6. Computer and electronics skills

Almost all jobs nowadays require some basic understanding of computers and electronics in general. As we move to rely more on technology to help us conduct our daily tasks, be it communicating, writing, calculating, presenting, drawing, creating sound, and many others, we may need in the work place, we are being pushed towards the need to understand circuit boards, processors, electronic equipment and computers.

E.g. Word processing, excel, data analysis, power point (presentation) digital marketing, webinar meetings (zoom), connect WhatsApp to computer,  print through phone, navigate through POS, content marketing, email marketing, artificial intelligence, block chain, robotics, photo and video editing, photoshop, page making, influencer/affiliate marketing and  e-commerce, etc. 

7. Productivity/marketing/negotiation/paying attention to details.  

Live examples

1. Jairus and John joined a wholesale company together just after graduation. Both worked very hard.

After several years, the boss promoted John to sales executive but Jairus remained a sales rep. One day Jairus could not take it anymore, tender resignation to the boss and complained the boss did not value hard working staff, but only promoted those who flattered him.

The boss knew that Jairus worked very hard for the years, but in order to help Jairus realize the difference between him and John, the boss asked Jairus to do the following. Go and find out anyone selling water melon in the market? Jairus returned and said yes. The boss asked how much per kg? Jairus went back to the market to ask and returned to inform boss the N12 per kg

Boss told Jairus, I will ask John the same question? John went, returned and said, boss, only one person is selling water melon. N12 per kg, N100 for 10 kg, he has inventory of 340 melons. On the table 58 melons, every melon weighs about 15 kg, bought from the South two days ago, they are fresh and red, good quality.

Jairus was very impressed and realized the difference between himself and John. He decided not to resign but to learn from John.

1. In our office last week someone (mistakenly) approved N700,000 loan for N70,000.

2. Someone sign a check leaving a space in between the zero the person who supposed to catch the check add one zero to N10,000,000 it becomes N100,000,000.

What is your takes about all these live examples? Leave you comment below.

 According to World Economic Forum: the top 10 skills you’ll need for the future of work.

S/N

2015

2020

2022

1

Complex problem solving

Complex problem-solving

Analytical thinking and innovation

2

Coordinating with others

Critical thinking and analysis

Active learning and learning strategies

3

People management

Creativity, originality and initiative

Creativity, originality and initiative

4

Critical thinking

People Management

Technology design and programming

5

Negotiation

Coordinating with others

Critical thinking and analysis

6

Quality control (not on 2020 list)

Emotional intelligence (New)

Complex problem-solving

7

Service orientation

Judgement and decision making

Leadership and social influence

8

Judgement and decision making

Service orientation

Emotional intelligence

9

Active listening (not on 2020 list)

Negotiation

Reasoning, problem-solving and ideation

10

Creativity

Cognitive flexibility)

Systems analysis and evaluation.

 

Summary: These skills are important for any candidate looking to progress in their career. More also, everything we share here come down to personal development, so if you need a book on personal development click here

SELF-RELIANCE IN A DEPRESSED ECONOMY

Self-Reliance in a Depressed EconomyAccording to Business Dictionary, Economic Depression is a state of the economy resulting from an extended period of negative economic activity as measured by GDP. It is often described as a more severe form of a recession that leads to extended unemployment, a spike in credit defaults, broad declines in income and production, currency devaluation and a deflationary economy.

An economic depression is a severe downturn that could last several years. Fortunately, but usefully, the U.S. economy experienced a Great Depression in 1929, which lasted ten years. Judging by the above definition, Nigeria is experienced economic depression 2016-2018 since her first and second quarter’s growth in 2016 are 0.36% - 1.5% up until late 2017.

Yet, According to the International Monetary Fund (IMF) projections in April 14, 2020, Nigeria is heading to a recession, its worst recession in three decades, as it expects the nation’s economy to recede by 3.4% in 2020

 

Causes of Depression in Nigeria Economy.


1. Pandemic (Covid 19)

2. Poor economic planning (e.g Vision 2020)

3. High inflation rate 12.34%.

4. High interest rate – 12.5%

5. High taxation

6. Policy conflict/contractions.

 

Effects of Depression.

 

1. Increase in the national unemployment rate to 33.5%

2. A spike in credit default

3. Broad declines in income and production.

4. Increase in currency exchange rates. N500 to 1$

5. Increase in crime rate

6. Fear of poverty. 


The fear of poverty is no doubt, the most destructive of the any effect of economic depression. This fear paralysis the faculty of reason, destroys the faculty of imagination, kills off self-reliance, undermines enthusiasms, discourage initiative, lead to uncertainty of purpose, encourage procrastination, and make self-control an impossibility.

It takes charm from ones personality, destroys the possibility of accurate thinking, diverts concentration of effort, it masters persistence, turns the willpower into nothingness, destroys ambition, becloud the memory and invites failure in every conceivable form; it kills love and assassinates the finer emotions of the heart, discourages friendship and invites disaster in a hundred forms, leads to sleeplessness, misery and unhappiness.

The fear of poverty has been placed at the head of the list because it is the most difficult to master.

The fear of poverty occasioned by economic depression has caused a woman in Ilesha, Ondo State Nigeria, to exchanged one of her children for a basket of gari (cassava powder) in the most tragic manner, June 8, 2016. Let’s look at the solution which is the main point of this blog.

 

Structuring RadicalSelf-Reliance and a New Form of Prosperity

 What is Self-Reliance and How to Develop It?

Our problems have grown so enormous that “the system will not reform itself” and that change will be forced on us by circumstances rather than engineered into existence by popular choice.

Below, I outlines what we need to do as individuals in order to live prosperous lives and to lead the nation into a world with a very different set of parameters than what we’ve known in the past.

 

I makes reference to what you make calls 'The Remnant', the very small percentage of the population who see the changes coming and who adjust strategy and tactics consistent with the new reality. It is that small group—no more than 4% of the population—who will emerge and lead a reluctant population into world which has great potential to be better than any we’ve known to date.

 

I recommends “radical self-reliance”—accepting the end of the Savior State and taking personal responsibility for your own SUCCESS, health, livelihood, education, energy, food, retirement and pursuit of happiness”, I trust, believe and promoting the following solutions:

 

1.      Turn off your TV (and its myriad influences) strike a vision & start planning

2.      Develop multiple income sources; have a backup skill, trade or income source

3.      Diversify, counterbalance and be flexible and opportunistic with investments (“when gasoline is cheap, buy a futures contract”) – no single investment vehicle will work in all environments

4.      There is no security, always have a Plan B

5.      Think of E-commerce/technology

6.      Adopt a radical savings strategy

7.      Lead a “low cost/low debt lifestyle” which will afford the ability to be flexible and mobile as circumstances require

8.      Cultivate close ties with community and network sources for both business and social interaction.

9.      Develop financial intelligent

10.  Heel catcher. ‘Heel catcher’ is a term of endearment which also came to define Jacob’s life. Jacob in the Bible grasped at all he could to get ahead, to feel secure, to feel competent, and to make it in life. To be a heel catcher particularly meant to get ahead by doing everything within a legal framework.

 In perhaps the strangest story of the Bible, Jacob wrestled all night with God, and, in the end, Jacob was blessed for being Jacob.

I love the story of Jacob. I see myself in so many aspects of his life. He is a goal getter, a game changer, and a man who aspires and achieved whatever he desire. If Jacob live in this age of reason or space age, he did be Mark Zuckerberg.

Summary:

Economic crises was unnecessary evil that made people wake up to the realization that their sources of livelihood (job) was at risk.

The Bible says, “And Isaac sowed in that land (during Economic Depression) and reaped in the same year a hundredfold…..” – Genesis 26:12

As a business this is an opportunity for you to create better products and better processes. Because when times are bad is when the real entrepreneurs emerge. Entrepreneurs don’t really care if the market’s up or down. They’re creating better products and better processes.

In a related development

When times are bad is when the real employees emerge. A smart employees don’t really care if the market’s up or down. They do their job anyway.

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DEAR, THIS COULD GET YOU THE BIGGEST ASYMMETRICAL RETURN

DEAR, THIS COULD GET YOU THE BIGGEST ASYMMETRICAL RETURN If you want to grow your income and net worth, talk to strangers. Talking to strang...