I firmly believe that in order to increase your wealth, you have to have the right frame of mind.
You may have the best money spinning idea in the world, you may be exceptionally talented or you could simply be looking to increase what you already have. However, if your starting point is one of self-doubt and being overwhelmed by challenges or negativity, you really are putting yourself at a disadvantage. The first attribute that I consider to be absolutely vital in increasing your wealth is self-belief and the right mindset that you can achieve success. So many of us say we want to be wealthy and can indeed potentially reach the point of being “financially free” – except our inner beliefs, if they are negative, can impact on our path and prevent our wishes from actually happening.
Equally as important as self-belief is the desire to give, as well as receive. By considering the interests of others as well as yourself; supporting them and creating the right conditions and opportunities for them to succeed and flourish reaps its own rewards. During my time as a business coach, international speaker and multiple business owner, I have met many people who are willing to share - as long as others share in turn. This transforms what should be a selfless act into a bargaining tool, which weakens the effect. Don’t underestimate the power of giving, which could be viewed not only in monetary terms but also in your time, your support, your friendship. People remember when you selflessly help them and this sort of behaviour will bring admiration and loyalty, creating strong relationships which will deliver immense benefits to you in the long run in the form of expert advice, financial backing and client referrals.
Drive and determination are of course vital. It is drive that makes great entrepreneurs and determination that makes people truly financially successful. Never simply accept the status quo. It is drive that should make you refuse to be just mediocre. Determination is one of the driving forces that can encourage you to keep moving forward towards your goals, despite every obstacle in your way. Believe me when I say that I’ve met some of the richest people in the world – billionaires, TV stars and successful businesspeople. All of them, without exception, have faced significant challenges along the way – and overcome them Whatever it is you want to do in life, you’ll need a healthy dose of determination to keep you travelling along the path towards success.
Lastly but perhaps most important of all, is respect. Respect for others is an essential ingredient but this must be in conjunction with self-respect to avoid being manipulated and taken advantage of. You’d be surprised at the number of people I’ve met who give their respect only to others they consider to be more successful, at the expense of their own self-respect. Setting boundaries, listening to your own gut instinct, sticking to your guns and a refusal to accept anything less than what you really want are common traits among all financially successful people.
Vikki Thomas is a Herefordshire-based real estate investor, international speaker, restaurant owner, magazine advisor, multiple business owner and a business coach for women.
She regularly runs residential workshops for entrepreneurs and business owners, attracting the likes of Baroness Karren Brady and Baroness Michelle Mone. She is married with two teenage children.
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