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Want to be a Millionaire? Here’s How to Think Like One

saleCNN Money recently asked forty people for the best advice they ever got about money. One of the people featured is Bill Nygren, the great manager of the Oakmark Select Fund.

He refers to an episode of the Johnny Carson show, where Johnny asked financial guru Andrew Tobias how someone with only $1,000 should invest it. Andrew Tobias said they should buy non-perishable items.

The crowd got quite a kick out of that answer!

Here was this great financial mind suggesting that people, with only a small amount of money, buy common, every day items instead of investing it.

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Saving money beats making money

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Back To The Future: Visualizing The Life You Want (Part 1)

Yesterday, we discussed the four things you must do to insure success for your peace of mind. Today we want to introduce a visualization exercise to help you find your dream.

Start by visualizing your past.

Before we go to your future, let’s go back to your past. Why? Because it’s easier to remember, than it is to project. By practicing this exercise in your past, it will be easier for you to envision your future.

Imagination is more important than intelligence.

In his book, The Millionaire Mind Thomas Stanley cites surveys that show that millionaires believe that their “creative intelligence” is much more important in explaining their success than traditional intelligence.

Now, let’s do some time traveling … a visualization exercise.

We believe you will get more benefit by listening to this, rather than reading it. However, it’s your choice. Either way, we recommend that you find a quiet place where you can be alone before you proceed.

So use your imagination. When we get into this visualization exercise, create a clear picture of the environment you’re in. Use all of your senses and your emotions. Experience it as if you were actually living that moment now.

The Visualization Exercise

Think back to when you were a kid. Remember playing. Just having fun. No worries. No fears.

Picture yourself doing that favorite activity. Picture your surroundings. Can you seem them?

What do you hear? Can you smell that? That old familiar smell tucked away in your brain.

Are you touching something? Can you taste anything?

What are you feeling? Not with your hands. With our heart and your soul.

Enjoy this wonderful place. Take in its beauty.

How do you feel right now? Isn’t it wonderful?

You’re free. You have no limits. You’re uninhibited.

How do your feel? You’re relaxed. You’re excited.

Isn’t this a special place? Keep enjoying it. Isn’t this an extraordinary feeling?

You had big plans, didn’t you? The world was your oyster.

There wasn’t anything you couldn’t do. Nothing you couldn’t conquer.

Nothing could stop you. Keep focusing on this place.

This place with no worries. No fears. No loss. No stress. No pressure.

It’s exceptional, isn’t it? No time constraints. You can stay here all day. Enjoy it just a little bit more.

Concluding Thoughts

We hope you enjoyed your trip down memory lane. Next time, we’ll use this visualization tool to help you find your dream.

Our quote today is by the noted author and philosopher, Henry David Thoreau.

“If you advance confidently in the direction of your dreams,
and endeavor to live the life which you have imagined,
you will meet with success unexpected.”

So just imagine it, then live it. We know you can!

Next time, we’ll continue this series, by visualizing your future. The future of your dreams.

Until then, here’s to your bigg success!