Just about everybody wants financial stability and freedom in their life. Most people think that to achieve financial stability you have to become prestigious or have an incredible ability to continue on the path to financial stability.
Thomas J. Stanley puts this myth to rest in his NY Times best-selling book The Millionaire Mind.
To figure out what really leads to success, Stanley interviewed several millionaires and asked them about various parts of their life to determine the traits and personality characteristics needed to be a millionaire.
Traits of Millionaires
Stanley's findings were very interesting and surprising. In the Millionaire Mind, Stanley writes each chapter about a specific characteristic of millionaires.
Here are some of Stanley's findings:
* Many millionaires have several personality traits in common that have led to their success. Some of these characteristics include honest, self-disciplined, personable, hard working, and organized.
* School grades are not as important as most people think. Instead, extracurricular activities played a much more important role.
* Having a supportive spouse is incredibly important for millionaires, especially when times get tough.
* Courage is one of the most evident traits in many millionaires. Specifically, making decisions that go against the norms of society, and saving money are two decisions that must be made.
* Choosing the right vocation is important and should be based on things you are truly interested in.
* Most millionaires live frugally and find ways to save money.
* Most millionaires do not live in mansions or have fancy cars. Instead, most millionaires have normal-sized homes and cars.
If there are any key points in The Millionaire mind, the main point is certainly to learn how to save your money and live below your means, instead of above them. Another key point is that who you surround yourself with and what you ultimately choose to do in live are essential to becoming financially stable and successful in life.
The Millionaire Mind Review Summary
Rather than focus on the mindset needed to be a millionaire, The Millionaire Mind applies real life situations and myths about millionaires to pave the perfect path to becoming a millionaire.
The Millionaire Mind proves you do not have to be born in wealthy and have the highest intelligence to be successful. Instead, The Millionaire Mind proves that personal decisions are what truly makes or breaks us in life.
The Millionaire Mind is definitely a book for young entrepreneurs to read, although everybody can benefit from it. It's an A+ book.
